Common use of Consolidation, Merger, Etc.; Parties in Interest; Termination Clause in Contracts

Consolidation, Merger, Etc.; Parties in Interest; Termination. (a) Neither Party (referred to in this Section 11.05(a) as a “Transferring Party”) shall consolidate with or merge into any other entity or convey, transfer or lease all or any substantial portion of its Assets to any entity, unless, in each case, the other party to such transaction expressly assumes, by a written agreement, executed and delivered to the other Party, in form reasonably satisfactory to such other Party, all of the Liabilities of the Transferring Party under this Agreement and the Ancillary Agreements and the due and punctual performance or observance of every agreement, obligation and covenant of this Agreement and Ancillary Agreements on the part of the Transferring Party to be performed or observed.

Appears in 10 contracts

Samples: Separation and Distribution Agreement (Rafael Holdings, Inc.), Separation and Distribution Agreement (Rafael Holdings, Inc.), Separation and Distribution Agreement (Zedge, Inc.)

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Consolidation, Merger, Etc.; Parties in Interest; Termination. (a) Neither Party (referred to in this Section 11.05(a15.05(a) as a “Transferring Party”) shall consolidate with or merge into any other entity or convey, transfer or lease all or any substantial portion of its Assets properties and assets to any entity, unless, in each case, the other party to such transaction expressly assumes, by a written agreement, executed and delivered to the other PartyParty hereto, in form reasonably satisfactory to such other Party, all of the Liabilities of the Transferring Party under this Agreement and the Ancillary Agreements and the due and punctual performance or observance of every agreement, obligation agreement and covenant of this Agreement and Ancillary Agreements on the part of the Transferring Party to be performed or observed.

Appears in 5 contracts

Samples: Separation Agreement (Peabody Energy Corp), Separation Agreement (Patriot Coal CORP), Separation Agreement (Patriot Coal CORP)

Consolidation, Merger, Etc.; Parties in Interest; Termination. (a) Neither Party (referred to in this Section 11.05(a13.05(a) as a “Transferring Party”) shall consolidate with or merge into any other entity or convey, transfer or lease all or any substantial portion of its properties and Assets to any entity, unless, in each case, the other party to such transaction expressly assumes, by a written agreement, executed and delivered to the other Party, in form reasonably satisfactory to such other Party, all of the Liabilities of the Transferring Party under this Agreement and the Ancillary Agreements and the due and punctual performance or observance of every agreement, obligation and covenant of this Agreement and Ancillary Agreements on the part of the Transferring Party to be performed or observed.

Appears in 3 contracts

Samples: Distribution Agreement (Engility Holdings, Inc.), Distribution Agreement (Engility Holdings, Inc.), Distribution Agreement (L 3 Communications Holdings Inc)

Consolidation, Merger, Etc.; Parties in Interest; Termination. (a) Neither Party (referred to in this Section 11.05(a13.05(a) as a “Transferring Party”) shall consolidate with or merge into any other entity or convey, transfer or lease all or any substantial portion of its Assets properties and assets to any entity, unless, in each case, the other party to such transaction expressly assumes, by a written agreement, executed and delivered to the other PartyParty hereto, in form reasonably satisfactory to such other Party, all of the Liabilities of the Transferring Party under this Agreement and the Ancillary Agreements and the due and punctual performance or observance of every agreement, obligation and covenant of this Agreement and Ancillary Agreements on the part of the Transferring Party to be performed or observed.

Appears in 3 contracts

Samples: Separation Agreement (Virtus Investment Partners, Inc.), Separation Agreement (Virtus Investment Partners, Inc.), Separation Agreement (Phoenix Companies Inc/De)

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Consolidation, Merger, Etc.; Parties in Interest; Termination. (a) Neither Party (referred to in this Section 11.05(a9.5(a) as a “Transferring Party”) shall consolidate with or merge into any other entity or convey, transfer or lease all or any substantial portion of its Assets properties and assets to any entity, unless, in each case, the other party to such transaction expressly assumes, by a written agreement, executed and delivered to the other PartyParty hereto, in form reasonably satisfactory to such other Party, all of the Liabilities of the Transferring Party under this Agreement and the Ancillary Agreements and the due and punctual performance or observance of every agreement, obligation and covenant of this Agreement and the Ancillary Agreements on the part of the Transferring Party to be performed or observed.

Appears in 2 contracts

Samples: Separation Agreement (Michigan Commerce Bancorp LTD), Separation Agreement (Michigan Commerce Bancorp LTD)

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