Predecessor In Interest Sample Clauses
A "Predecessor in Interest" clause defines and identifies a party who previously held rights or interests that have since been transferred to another party. In practice, this clause clarifies the chain of title or succession by specifying that certain rights, obligations, or liabilities originally belonging to the predecessor now rest with the current party. For example, if a company acquires another business, the acquiring company may be considered the successor, and the seller the predecessor in interest. The core function of this clause is to ensure legal continuity and clarify responsibility by formally recognizing the transfer of interests from one party to another.
Predecessor In Interest. A COPY OF SUCH AGREEMENT IS ON FILE AT THE PRINCIPAL OFFICE OF THE CORPORATION AND WILL BE FURNISHED UPON WRITTEN REQUEST TO THE SECRETARY OF THE CORPORATION BY THE HOLDER OF RECORD OF THE SHARES REPRESENTED BY THIS CERTIFICATE.” Applicable Law This Agreement will be interpreted and enforced under the laws of the State of Maryland, other than any conflicts or choice of law rule or principle that might otherwise refer construction or interpretation of this Agreement to the substantive law of another jurisdiction. The Plan The text of the Plan is incorporated in this Agreement by reference. Certain capitalized terms used in this Agreement are defined in the Plan, and have the meaning set forth in the Plan. This Agreement and the Plan constitute the entire understanding between you and the Corporation regarding this grant of Restricted Stock. Any prior agreements, commitments or negotiations concerning this grant are superseded.
Predecessor In Interest. The Insurer shall not be liable to pay any Loss in connection with any Claim made against any Insured by, on behalf of, or at the behest of any Predecessor In Interest, parent organization or any subsidiary, division or affiliated organization.