Common use of Successor to Bank Clause in Contracts

Successor to Bank. The Bank shall require any successor or assignee, whether direct or indirect, by purchase, merger, consolidation or otherwise, to all or substantially all of the business or assets of the Bank or the Holding Company, expressly and unconditionally to assume and agree to perform the Bank’s obligations under this Agreement, in the same manner and to the same extent that the Bank would be required to perform if no such succession or assignment had taken place.

Successor to Bank. The Bank shall require any successor or assignee, (whether direct or indirect, by purchase, merger, consolidation or otherwise, ) to all or substantially all of the business or assets of the Bank or the Holding Company, expressly and unconditionally to assume and agree to perform the Bank’s obligations under this Agreement, in the same manner and Agreement to the same extent that the Bank would be required to perform it if no such succession or assignment had taken place. Failure of the Bank to obtain an assumption of this Agreement at or prior to the effectiveness of any succession shall be a material breach of this Agreement.

Successor to Bank. The Bank shall require any successor or assignee, assign (whether direct or indirect, by purchase, merger, consolidation or otherwise, ) to all or substantially substantially, all of the business or assets of the Bank or the Holding Company, expressly and unconditionally to assume and agree to perform the Bank’s obligations under this Agreement, in the same manner and to the same extent that the Bank would be required to perform if no such succession or assignment had taken place.of

Successor to Bank. The Bank shall require any successor or assignee, whether direct or indirect, by purchase, merger, consolidation or otherwise, to all or substantially all of the business or assets of the Bank or the Holding Company, expressly and unconditionally to assume and agree to perform the Bank’s 's obligations under this Agreement, in the same manner and to the same extent that the Bank would be required to perform if no such succession or assignment had taken place.

Successor to Bank. The Bank shall require any successor or assignee, (whether direct or indirect, by purchase, merger, consolidation or otherwise, ) to all or substantially all of the business or assets of the Bank or the Holding Company, expressly and unconditionally to assume and agree to perform the Bank’s obligations under this Agreement, in the same manner and Agreement to the 9 same extent that the Bank would be required to perform it if no such succession or assignment had taken place. Failure of the Bank to obtain an assumption of this Agreement at or prior to the effectiveness of any succession shall be a material breach of this Agreement.

Successor to Bank. The Bank shall require any successor or assignee, (whether direct diect or indirect, by purchase, merger, consolidation or otherwise, ) to all or substantially all of the business or assets of the Bank or the Holding Company, expressly and unconditionally to assume and agree to perform the Bank’s obligations under this Agreement, in the same manner and Agreement to the same extent that the Bank would be required to perform it if no such succession or assignment had taken place. Failure of the Bank to obtain an assumption of this Agreement at or prior to the effectiveness of any succession shall be a material breach of this Agreement.