Common use of Consolidation or Merger Clause in Contracts

Consolidation or Merger. Subject to the provisions of Paragraph 12 hereof, in the event of a sale of the stock, or substantially all of the stock of Client, or consolidation or merger of Client with or into another corporation or entity, or the sale of substantially all of the operating assets of the Client to another corporation, entity or individual. Client may assign its rights and obligations under this Agreement to its successor-in-interest and such successor-in-interest shall be deemed to have acquired all rights and assumed all obligations of Client hereunder; provided, however, that in no event shall the duties and services of Consultant provided for in Paragraph 2, hereof, or the responsibilities, authority of powers commensurate therewith, change in any material respect as a result of such sale of stock, consolidation, merger or sale of assets.

Appears in 5 contracts

Samples: Consulting Agreement (Medical Industries of America Inc), Consulting Agreement (Medical Industries of America Inc), Consulting Agreement (Medical Industries of America Inc)

AutoNDA by SimpleDocs

Consolidation or Merger. Subject to the provisions of Paragraph 12 hereof, in the event of a sale of the stock, or substantially all of the stock stock, of Client, or consolidation or merger of Client with or into another corporation or entity, or the sale of substantially all of the operating assets of the Client to another corporation, entity or individual. , Client may assign its rights and obligations under this Agreement to its successor-in-interest and such successor-in-interest shall be deemed to have acquired all rights and assumed all obligations of Client hereunder; provided, however, that in no event shall the duties and services of Consultant provided for in Paragraph 2, 2 hereof, or the responsibilities, authority of or powers commensurate therewith, change in any material respect as a result of such sale of stock, consolidation, merger or sale of assets.

Appears in 4 contracts

Samples: Consulting Agreement (Toen Group Inc), Consulting Agreement (Toen Group Inc), Consulting Agreement (Hart Industries Inc)

Consolidation or Merger. Subject to the provisions of Paragraph 12 hereof, in the event of a sale of the stock, or substantially all of the stock of Client, or consolidation or merger of Client with or into another corporation or entity, or the sale of substantially all of the operating assets of the Client to another corporation, entity or individual. Client may assign its rights and obligations under this Agreement to its successor-in-interest and such successor-in-interest shall be deemed to have acquired all rights and an assumed all obligations of Client hereunder; provided, however, that in no event shall the duties and services of Consultant provided for in Paragraph 2, hereof, or the responsibilities, authority of powers commensurate therewith, change in any material respect as a result of such sale of stock, consolidation, merger or sale of assets.

Appears in 3 contracts

Samples: Consulting Agreement (Imaging Diagnostic Systems Inc /Fl/), Consulting Agreement (Imaging Diagnostic Systems Inc /Fl/), Consulting Agreement (Imaging Diagnostic Systems Inc /Fl/)

Consolidation or Merger. Subject to the provisions of Paragraph 12 7 hereof, in the event of a sale of the stock, or substantially all of the stock stock, of Client, or consolidation or merger of Client with or into another corporation or entity, or the sale of substantially all of the operating assets of the Client to another corporation, entity or individual. , Client may assign its rights and obligations under this Agreement to its successor-in-interest and such successor-in-interest shall be deemed to have acquired all rights and assumed all obligations of Client hereunder; provided, however, that in no event shall the duties and services Services of Consultant Advisor provided for in Paragraph 2, 2 hereof, or the responsibilities, authority of or powers commensurate therewith, change in any material respect as a result of such sale of stock, consolidation, merger or sale of assets.

Appears in 2 contracts

Samples: Advisory and Management Agreement (Toen Group Inc), Advisory and Management Agreement (Hart Industries Inc)

AutoNDA by SimpleDocs

Consolidation or Merger. Subject to the provisions of Paragraph 12 7 hereof, in the event of a sale of the stock, or substantially all of the stock stock, of Client, or consolidation or merger of Client with or into another corporation or entity, or the sale of substantially all of the operating assets of the Client to another corporation, entity or individual. , Client may assign its rights and obligations under this Agreement to its successor-in-interest and such successor-in-interest shall be deemed to have acquired all rights and assumed all au obligations of Client hereunder; provided, however, that in no event shall the duties and services Services of Consultant provided for in Paragraph 2, 2 hereof, or the responsibilities, authority of or powers commensurate therewith, change in any material respect as a result of such sale of stock, consolidation, merger or sale of assets.

Appears in 1 contract

Samples: Consulting Agreement (Premier Brands Inc/Ut)

Time is Money Join Law Insider Premium to draft better contracts faster.