Common use of Company’s Obligations Clause in Contracts

Company’s Obligations. Notwithstanding anything in this Agreement to the contrary, the Company shall have the right to satisfy any obligation owing to Executive hereunder (including, without limitation, any payment obligation) by causing Keystone or any other Subsidiary of the Company to satisfy such obligation on behalf of the Company. In the event the Company fails to, or elects not to, satisfy any obligation owing hereunder to Executive, Executive shall have the right to seek satisfaction of such right against Keystone or any other Subsidiary of the Company.

Appears in 9 contracts

Samples: Employment Agreement (Keystone Automotive Operations Inc), Employment Agreement (Keystone Automotive Operations Inc), Employment Agreement (Keystone Automotive Operations Inc)

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Company’s Obligations. Notwithstanding anything in this Agreement to the contrary, the Company shall have the right to satisfy any obligation owing to Executive hereunder (including, without limitation, any payment obligation) by causing Keystone Automotive Operations, Inc. or any other Subsidiary of the Company to satisfy such obligation on behalf of the Company. In the event the Company fails to, or elects not to, satisfy any obligation owing hereunder to Executive, Executive shall have the right to seek satisfaction of such right against Keystone Automotive Operations, Inc. or any other Subsidiary of the Company.

Appears in 2 contracts

Samples: Employment Agreement (Keystone Automotive Operations Inc), Employment Agreement (Keystone Automotive Operations Inc)

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