Common use of SUCCESSOR LIABILITY Clause in Contracts

SUCCESSOR LIABILITY. The Company shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to assume expressly and to agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform. As used in this Agreement, "Company" shall mean the company as hereinbefore defined and any successor to its business and/or assets as aforesaid which assumes and agrees to perform this Agreement by operation of law, or otherwise.

Appears in 7 contracts

Sources: Employment Agreement (Niagara Mohawk Power Corp /Ny/), Employment Agreement (Niagara Mohawk Power Corp /Ny/), Employment Agreement (Niagara Mohawk Power Corp /Ny/)

SUCCESSOR LIABILITY. The Company Companies shall require any successor (subsequent successor, whether direct or indirect, by purchase, merger, consolidation or otherwise) , to all or substantially all of the business and/or or assets of the Company Companies to assume expressly and to agree to perform this Agreement in the same manner and to the same extent that the Company Companies would be required to perform. As used in this Agreement, "Company" shall mean the company as hereinbefore defined and any successor to its business and/or assets as aforesaid which assumes and agrees to perform this Agreement by operation of law, or otherwiseit if no such succession had taken place.

Appears in 3 contracts

Sources: Consulting Agreement (FNB Corp/Fl/), Consulting Agreement (FNB Corp/Fl/), Consulting Agreement (FNB Corp/Fl/)

SUCCESSOR LIABILITY. The Company shall will require any subsequent successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to assume expressly and to agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform. As used in this Agreement, "Company" shall mean the company as hereinbefore defined and any successor to its business and/or assets as aforesaid which assumes and agrees to perform this Agreement by operation of law, or otherwiseit if no such succession had taken place.

Appears in 1 contract

Sources: Stock Option Agreement (Bionx Implants Inc)

SUCCESSOR LIABILITY. The Company Companies shall require any successor (successor, whether direct or indirect, by purchase, merger, consolidation or otherwise) , to all or substantially all of the business and/or or assets of the Company Companies to assume expressly and to agree to perform this Agreement in the same manner and to the same extent that the Company Companies would be required to perform. As used in this Agreement, "Company" shall mean the company as hereinbefore defined and any successor to its business and/or assets as aforesaid which assumes and agrees to perform this Agreement by operation of law, or otherwiseit if no such succession had taken place.

Appears in 1 contract

Sources: Consulting Agreement (Donegal Group Inc)