Effect on Affiliates Sample Clauses
The "Effect on Affiliates" clause defines how the terms of an agreement extend to or impact the affiliated entities of the parties involved. Typically, this clause clarifies whether the rights, obligations, or restrictions outlined in the contract also apply to parent companies, subsidiaries, or other entities under common control with the contracting parties. For example, it may specify that certain confidentiality or non-compete provisions bind not only the signatory but also its affiliates. The core function of this clause is to ensure clarity regarding the scope of the agreement, preventing ambiguity about whether affiliates are included or excluded from its terms and thereby reducing the risk of disputes.
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Effect on Affiliates. The Parties agree to cause each of their respective Affiliates to comply with the foregoing provisions mutatis mutandis as if such Affiliate were a party hereto and each Party agrees to indemnify the other Party against any loss, cost, expense or liability (including without limitation, reasonable attorneys’ fees and expenses) resulting from any failure to cause such Affiliate to so comply.
Effect on Affiliates. Harrisburg agrees that the provisions of this Article IV shall bind Harrisburg and its Affiliates existing as of the Effective Date (“Current Affiliates”). Despite the foregoing, if any Current Affiliates are deemed not to be bound hereby, Harrisburg agrees that it shall be liable to TD for breach of this Article IV for any act or omission by any Current Affiliate that would breach this Article IV if committed by Harrisburg. Notwithstanding Section 10.2(a), if Harrisburg is acquired by or merged into any third party after the Effective Date (an “Acquiror”), or if Harrisburg acquires another banking company after the Effective Date (an “Acquired Business”) Harrisburg’s obligations in Sections 4.1-4.5 and TD’s release in Section 4.6 shall be unchanged with respect to Harrisburg’s legacy branches and business operations and the continuation of such business operations (including new branches of the Harrisburg business) after the relevant transaction is effectuated, but shall not bind or extend to or from any legacy branches of the Acquiror or the Acquired Business (including new branches of the Acquiror or the Acquired Business), and the Parties and their Affiliates and any Person acquired or acquiring such business would reserve their rights in this regard. For clarity, if Harrisburg acquires “Comet Bank” or is acquired by “Comet Bank,” (x) Harrisburg’s obligations in Sections 4.1-4.5 and release in Section 4.6 would not bind or extend to the legacy Comet Bank branches; (y) TD and its Affiliates would reserve all rights to assert infringement or other claims arising from the use of Comet Bank’s trade dress and trademarks and Comet Bank will reserve all rights and defenses with respect thereto; and (z) Harrisburg could not use the Prior Marks in connection with any bank branches of “Comet Bank” in the Territory. This section does not alter, modify, or limit the provisions of Section 4.1(b) above.
Effect on Affiliates. (a) In the event that there is a Change of Control where Adaptive is the Acquired Entity, then for purposes of this Section 8.1, “Adaptive” shall mean Adaptive Biotechnologies Corporation and its Affiliates existing immediately prior to the Change of Control transaction.
Effect on Affiliates. The terms of this Agreement shall apply, at HMO's sole election, to any health maintenance organization or other entity related to or affiliated with HMO, including but not limited to Blue Cross and Blue Shield of Maryland, Inc., its subsidiaries, affiliates, and related entities.