Common use of OF THE 1934 ACT Clause in Contracts

OF THE 1934 ACT. In the event of a disposition by the Company (where direct or indirect by sale of assets or stock, merger, consolidation or otherwise) of all or substantially all of its business and/or assets the Company will require any successor to expressly assume and agree to perform this agreement in the same manner and to the same extent that the company would be required to perform, if no such disposition had taken place.

Appears in 3 contracts

Samples: Lakeland Industries Inc, Lakeland Industries Inc, Lakeland Industries Inc

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OF THE 1934 ACT. In the event of a disposition by the Company (where whether direct or indirect by sale of assets or stock, merger, consolidation or otherwise) of all or substantially all of its business and/or assets the Company will require any successor to expressly assume and agree to perform this agreement in the same manner and to the same extent that the company Company would be required to perform, if no such disposition had taken place.

Appears in 2 contracts

Samples: Security Agreement (Lakeland Industries Inc), Lakeland Industries Inc

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