Common use of Consolidation, Merger or Sale of Assets Clause in Contracts

Consolidation, Merger or Sale of Assets. If the Company consolidates or merges into or with, or transfers all or substantially all of its assets to, another entity, the term “Company” as used herein shall mean such other entity, and this Agreement shall continue in full force and effect. In the case of any transaction in which a successor would not by the foregoing provision or by operation of law be bound by this Agreement, the Company shall require such successor expressly and unconditionally to assume and agree to perform the Company’s obligations under this Agreement, in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place.

Appears in 14 contracts

Samples: Change in Control Severance Agreement (Stewardship Financial Corp), Change in Control Severance Agreement (Stewardship Financial Corp), Change in Control Severance Agreement (Stewardship Financial Corp)

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Consolidation, Merger or Sale of Assets. If the Company consolidates or merges into or with, or transfers all or substantially all of its assets to, another entity, entity the term "Company" as used herein in this Agreement shall mean such other entity, entity and this Agreement shall continue in full force and effect. In the case of any transaction in which a successor would not by the foregoing provision or by operation of law be bound by this Agreement, the Company shall require such successor expressly and unconditionally to assume and agree to perform the Company’s obligations under this Agreement, in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place.

Appears in 7 contracts

Samples: Executive Change of Control Agreement (Relm Wireless Corp), Executive Change of Control Agreement (Relm Wireless Corp), Executive Change of Control Agreement (Relm Wireless Corp)

Consolidation, Merger or Sale of Assets. If the Company consolidates or merges into or with, or transfers all or substantially all of its assets to, another entity, entity the term “Company” as used herein in this Agreement shall mean such other entity, entity and this Agreement shall continue in full force and effect. In the case of any transaction in which a successor would not by the foregoing provision or by operation of law be bound by this Agreement, the Company shall require such successor expressly and unconditionally to assume and agree to perform the Company’s obligations under this Agreement, in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place.

Appears in 5 contracts

Samples: Change of Control Agreement (Summer Infant, Inc.), Change of Control Agreement (Summer Infant, Inc.), Change of Control Agreement (Summer Infant, Inc.)

Consolidation, Merger or Sale of Assets. If the Company Corporation consolidates or merges into or with, or transfers all or substantially all of its assets to, another entity, entity the term “CompanyCorporation” as used herein shall mean such other entity, entity and this Agreement shall continue in full force and effect. In the case of any transaction in which a successor would not by the foregoing provision or by operation of law be bound by this Agreement, the Company Corporation shall require such successor expressly and unconditionally to assume and agree to perform the CompanyCorporation’s obligations under this Agreement, in the same manner and to the same extent that the Company Corporation would be required to perform if no such succession had taken place.

Appears in 4 contracts

Samples: Change in Control Agreement (Phosphate Holdings, Inc.), Change in Control Agreement (Idacorp Inc), Change in Control Agreement (Phosphate Holdings, Inc.)

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Consolidation, Merger or Sale of Assets. If the Company Corporation consolidates or merges into or with, or transfers all or substantially all of its assets to, another entity, entity the term “Company” "Corporation" as used herein shall mean such other entity, entity and this Agreement shall continue in full force and effect. In the case of any transaction in which a successor would not by the foregoing provision or by operation of law be bound by this Agreement, the Company Corporation shall require such successor expressly and unconditionally to assume and agree to perform the Company’s Corporation's obligations under this Agreement, in the same manner and to the same extent that the Company Corporation would be required to perform if no such succession had taken place.

Appears in 3 contracts

Samples: Change in Control Agreement (Idacorp Inc), Change in Control Agreement (Idaho Power Co), Idacorp Inc

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