ITS SUCCESSORS AND ASSIGNS Sample Clauses

ITS SUCCESSORS AND ASSIGNS. SECURED PROMISSORY NOTE ----------------------- U.S. $823,712.00 February ___, 2001 (Subject to Amendment) Miami, Florida FOR VALUE RECEIVED, EUROPEAN MICRO HOLDINGS, INC., a Nevada corporation ("BORROWER"), hereby promises to pay to XXXX X. XXXXXXXXX, an individual residing in Fort Lauderdale, Florida ("LENDER"), the principal sum of Eight Hundred Twenty Three Thousand Seven Hundred Twelve Dollars and No Cents ($823,712.00), payable on the terms set forth herein. On June 29, 1999, Maker, Payee and certain other parties entered into a Merger Agreement (the "MERGER AGREEMENT"), as amended by that letter agreement dated as of October 2, 2000. This Note evidences the portion of the Third Installment (as defined under the Merger Agreement) owed to Payee under the Merger Agreement. This Note supercedes the terms of the letter agreement. Under the terms of the Merger Agreement, the determination of the Third Installment is subject to an audit by the Borrower's accountants and certain adjustments. To the extent any such adjustments are made in accordance with the Merger Agreement, the principal amount of this Note shall be amended to reflect such adjustments.
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ITS SUCCESSORS AND ASSIGNS. Section 1.1 (Certain Defined Terms) is hereby amended by deleting the definition of the term "Affiliate" and substituting the following in its place:
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Related to ITS SUCCESSORS AND ASSIGNS

  • Heirs, Successors and Assigns Each and all of the covenants, terms, provisions and agreements herein contained shall be binding upon and inure to the benefit of the parties hereto and, to the extent permitted by this Agreement, their respective heirs, legal representatives, successors and assigns.

  • Assignments; Successors and Assigns The Company may assign any of its rights and obligations under this Agreement, including but not limited to its rights to repurchase Shares under the Right of First Refusal and the Repurchase Option. Any assignment of rights and obligations by any other party to this Agreement requires the Company’s prior written consent. This Agreement, and the rights and obligations of the parties hereunder, will be binding upon and inure to the benefit of their respective successors, assigns, heirs, executors, administrators and legal representatives.

  • Transfer; Successors and Assigns The terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective successors and assigns of the parties. Nothing in this Agreement, express or implied, is intended to confer upon any party other than the parties hereto or their respective successors and assigns any rights, remedies, obligations, or liabilities under or by reason of this Agreement, except as expressly provided in this Agreement.

  • Parties, Successors and Assigns This Amendment shall be binding upon and shall inure to the benefit of each of the Borrowers, the Lender, and their respective successors and assigns.

  • Execution; Successors and Assigns This Agreement may be executed in one or more counterparts and by the different parties hereto on separate counterparts, each of which, when so executed, shall be deemed to be an original; such counterparts, together, shall constitute one and the same agreement. Subject to Section 8.04, this Agreement shall inure to the benefit of and be binding upon the Company and the Purchaser and their respective successors and assigns.

  • Governing Law; Successors and Assigns This Agreement shall be governed by the laws of the State of New York and shall not be assignable by either party, but shall bind the successors in interest of the Customer and the Bank.

  • Survival; Successors and Assigns This Agreement and all covenants, agreements, representations and warranties made herein and in the certificates delivered pursuant hereto shall survive the making by Lender of the Loan and the execution and delivery to Lender of the Note, and shall continue in full force and effect so long as all or any of the Obligations are outstanding and unpaid unless a longer period is expressly set forth herein or in the other Loan Documents. Whenever in this Agreement any of the parties hereto is referred to, such reference shall be deemed to include the legal representatives, successors and assigns of such party. All covenants, promises and agreements in this Agreement, by or on behalf of Borrower, shall inure to the benefit of the legal representatives, successors and assigns of Lender.

  • Effect on Successors and Assigns All the covenants, stipulations, promises and agreements in this Indenture made by or on behalf of the Company shall bind its successors and assigns, whether so expressed or not.

  • Successors and Assigns, etc 12.1.1. This Agreement shall be binding upon and inure to the benefit of (a) the Company, its successors and assigns (including any direct or indirect successor by merger, consolidation or operation of law or by transfer of all or substantially all of its assets) and (b) Indemnitee and the heirs, personal and legal representatives, executors, administrators or assigns of Indemnitee.

  • Transfers, Successors and Assigns The terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective successors and assigns of the parties. Nothing in this Agreement, express or implied, is intended to confer upon any party other than the parties hereto or their respective successors and assigns any rights, remedies, obligations, or liabilities under or by reason of this Agreement, except as expressly provided in this Agreement.

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