Common use of AUTOMATIC SUCCESSION Clause in Contracts

AUTOMATIC SUCCESSION. Any business entity into which the Escrow Agent may be merged or converted or with which it may be consolidated, or any entity resulting from any merger, conversion or consolidation to which the Escrow Agent shall be a party, or any entity succeeding to all or substantially all of the corporate trust business of the Escrow Agent, shall be the successor of the Escrow Agent hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto.

Appears in 13 contracts

Samples: Closing Escrow Agreement (Muscle Maker, Inc.), Form of Closing Escrow Agreement (iPic Entertainment Inc.), Escrow Agreement (Xspand Products Lab, Inc.)

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AUTOMATIC SUCCESSION. Any business entity company into which the Escrow Agent may be merged or converted or with which it may be consolidated, or any entity resulting from any merger, conversion or consolidation company to which the whom Escrow Agent shall be may transfer a party, or any entity succeeding to all or substantially all substantial amount of the corporate trust business of the its Escrow Agentbusiness, shall be the successor of Successor to the Escrow Agent hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto.Parties, anything herein to the contrary notwithstanding. (signatures on following page)

Appears in 4 contracts

Samples: First Amended Escrow Agreement (Medical Hospitality Group, Inc.), Escrow Agreement (Medical Hospitality Group, Inc.), Escrow Agreement (Medical Hospitality Group, Inc.)

AUTOMATIC SUCCESSION. Any business entity bank or corporation into which the Escrow Agent may be merged or converted or with which it may be consolidated, or any entity resulting from any merger, conversion bank or consolidation corporation to which whom the Escrow Agent shall be may transfer a partysubstantial amount of its escrow business, or any entity succeeding to all or substantially all of the corporate trust business of the Escrow Agent, shall will be the successor of to the Escrow Agent hereunder, without the execution or filing of any paper or any further act on the part of any of the parties heretoparties, anything herein to the contrary notwithstanding.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Leggett & Platt Inc), Agreement and Plan of Merger (Capella Healthcare, Inc.)

AUTOMATIC SUCCESSION. Any business entity company into which the Escrow Agent may be merged or converted or with which it may be consolidated, or any entity resulting from any merger, conversion or consolidation company to which whom the Escrow Agent shall be may transfer a party, or any entity succeeding to all or substantially all substantial amount of the corporate trust business of the Escrow Agentits global escrow business, shall be the successor of to the Escrow Agent hereunder, without the execution or filing of any paper or any further act on the part of any of the parties heretoParties, anything herein to the contrary notwithstanding.

Appears in 2 contracts

Samples: Escrow Agreement (Liberty Renewable Fuels LLC), Escrow Agreement (Liberty Renewable Fuels LLC)

AUTOMATIC SUCCESSION. Any business entity bank or corporation into which the Escrow Agent may be merged or converted or with which it may be consolidated, or any entity resulting from any merger, conversion bank or consolidation corporation to which whom the Escrow Agent shall may transfer a substantial amount of its escrow business, will be a party, or any entity succeeding the successor to all or substantially all of the corporate trust business of the Escrow Agent, shall be the successor of the Escrow Agent hereunder, without the execution or filing of any paper or any further act on the part of any of the parties heretoparties, anything herein to the contrary notwithstanding.

Appears in 2 contracts

Samples: Escrow Agreement (Snap One Holdings Corp.), Escrow Agreement (Snap One Holdings Corp.)

AUTOMATIC SUCCESSION. Any business entity bank or corporation into which the Escrow Agent may be merged or converted or with which it may be consolidated, or any entity resulting from any merger, conversion bank or consolidation corporation to which whom the Escrow Agent shall be may transfer a party, or any entity succeeding to all or substantially all substantial amount of the corporate trust business of the its Escrow Agentbusiness, shall be the successor of to the Escrow Agent hereunder, without the execution or filing of any paper or any further act on the part of any of the parties heretoparties, anything herein to the contrary notwithstanding.

Appears in 2 contracts

Samples: Escrow Agreement (Blackboard Inc), Escrow Agreement (Avicena Group, Inc.)

AUTOMATIC SUCCESSION. Any business entity bank or corporation into which the Escrow Agent may be merged or converted or with which it may be consolidated, or any entity resulting from any merger, conversion bank or consolidation corporation to which whom the Escrow Agent shall be may transfer a party, or any entity succeeding to all or substantially all substantial amount of the corporate trust business of the Escrow Agentits escrow business, shall be the successor of to the Escrow Agent hereunder, without the execution or filing of any paper or any further act on the part of any of the parties heretoparties, anything herein to the contrary notwithstanding.

Appears in 2 contracts

Samples: Adjustment Escrow Agreement (Aldabra Acquisition CORP), Adjustment Escrow Agreement (Aldabra Acquisition CORP)

AUTOMATIC SUCCESSION. Any business entity company into which the Escrow Agent may be merged or converted or with which it may be consolidated, or any entity resulting from any merger, conversion or consolidation company to which whom the Escrow Agent shall be a party, or any entity succeeding to all or may transfer substantially all of the its corporate trust business of the Escrow Agentbusiness, shall be the successor of to the Escrow Agent hereunder, without the execution or filing of any paper or any further act on the part of any of the parties heretoparties, anything herein to the contrary notwithstanding. Following such succession, all references herein to the Escrow Agent shall be references to such successor.

Appears in 1 contract

Samples: Escrow Agreement (HHG Distributing, LLC)

AUTOMATIC SUCCESSION. Any business entity company into which the Escrow Agent may be merged or converted or with which it may be consolidated, or any entity resulting from any merger, conversion or consolidation company to which the whom Escrow Agent shall be may transfer a party, or any entity succeeding to all or substantially all substantial amount of the corporate trust business of the Escrow Agentits escrow business, shall be the successor of the to Escrow Agent hereunder, without the execution or filing of any paper or any further act on the part of any of Depositor, anything herein to the parties heretocontrary notwithstanding.

Appears in 1 contract

Samples: Escrow Agreement

AUTOMATIC SUCCESSION. Any business entity into which the Escrow Agent may be merged or converted or with which it may be consolidated, or any entity resulting from any merger, conversion or consolidation to which whom the Escrow Agent shall be may transfer a party, or any entity succeeding to all or substantially all substantial amount of the corporate trust business of the Escrow Agentits escrow business, shall be the successor of to the Escrow Agent hereunder, without the execution or filing of any paper or any further act on the part of any of the parties heretoparties, anything herein to the contrary notwithstanding.

Appears in 1 contract

Samples: Escrow Agreement (KBS International Holdings Inc.)

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AUTOMATIC SUCCESSION. Any business entity into which the Escrow Agent may be merged or converted or with which it may be consolidated, or any entity resulting from any merger, conversion or consolidation to which whom the Escrow Agent shall be may transfer a party, or any entity succeeding to all or substantially all substantial amount of the corporate trust business of the Escrow Agentits global escrow business, shall be the successor of Successor to the Escrow Agent hereunder, without the execution or filing of any paper or any further act on the part of any of the parties heretoParties, anything herein to the contrary notwithstanding.

Appears in 1 contract

Samples: Escrow Agreement (Nine Mile Software, Inc.)

AUTOMATIC SUCCESSION. Any business entity company into which the Escrow Agent may be merged or converted or with which it may be consolidated, or any entity resulting from any merger, conversion or consolidation company to which the whom Escrow Agent shall be may transfer a party, or any entity succeeding to all or substantially all substantial amount of the corporate trust business of the its Global Escrow Agentbusiness, shall be the successor of Successor to the Escrow Agent hereunder, without the execution or filing of any paper or any further act on the part of any of the parties heretoParties, anything herein to the contrary notwithstanding.

Appears in 1 contract

Samples: Asset Purchase Agreement (Coolbrands International Inc)

AUTOMATIC SUCCESSION. Any business entity company into which the Escrow Agent may be merged or converted or with which it may be consolidated, or any entity resulting from any merger, conversion or consolidation company to which whom the Escrow Agent shall be may transfer a party, or any entity succeeding to all or substantially all substantial amount of the its corporate trust business (including the administration of the Escrow Agentthis Agreement), shall be the successor of to the Escrow Agent hereunder, without the execution or filing of any paper or any further act on the part of any of the parties heretoParties, anything herein to the contrary notwithstanding.

Appears in 1 contract

Samples: Escrow Agreement (Pacific Energy Resources LTD)

AUTOMATIC SUCCESSION. Any business entity bank or corporation into which the Escrow Agent or Exchange Agent may be merged or converted or with which it may be consolidated, or any entity resulting from any merger, conversion bank or consolidation corporation to which whom the Escrow Agent shall be or Exchange Agent may transfer a partysubstantial amount of its escrow business, or any entity succeeding to all or substantially all of the corporate trust business of the Escrow Agent, shall will be the successor of to the Escrow Agent hereunderor Exchange Agent, as applicable, without the execution or filing of any paper or any further act on the part of any of the parties heretoparties, anything herein to the contrary notwithstanding.

Appears in 1 contract

Samples: Escrow and Exchange Agent Agreement (Quantum Computing Inc.)

AUTOMATIC SUCCESSION. Any business entity company into which the Escrow Agent may be merged or converted or with which it may be consolidated, or any entity resulting from any merger, conversion or consolidation company to which the whom Escrow Agent shall be may transfer a party, or any entity succeeding to all or substantially all substantial amount of the corporate trust business of the Escrow Agentits escrow business, shall be the successor of to the Escrow Agent hereunder, without the execution or filing of any paper or any further act on the part of any of the parties heretoparties, anything herein to the contrary notwithstanding.

Appears in 1 contract

Samples: Escrow Agreement (Remec Inc)

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