Common use of Transfer of Company Title or Interest Clause in Contracts

Transfer of Company Title or Interest. This Agreement shall be binding upon the parties herein, their suc- cessors, administrators, executors and assigns. In the event an entire operation or any part hereof is sold, leased, transferred, or taken over by sale, transfer, lease, assignment receivership, or bankruptcy pro- ceedings such operation shall continue to be subject to the terms and conditions of the Agreement for the life thereof. On sale, transfer, or lease of any individual run or runs, only the specific provisions of this Agreement, excluding supplements or other conditions, shall prevail. It is understood by this Section that the parties hereto shall not use any leasing device to a third (3rd) party to evade this Agreement. The Employer shall give notice of the existence of this Agreement to any purchaser, transferee, lessee, assignee, etc., or the operation covered by this Agreement, or any part thereof. Such notice shall be in writing with a copy to the Union at the time the seller, transferor or lessor executes a contract of transaction as herein described. In the event the Employer fails to give the notice herein required and/or fails to Article 15-16-17 require the purchaser, transferee or lessee to assume the obligations of this agreement, the Employer shall be liable to the Union and to the employees covered for all damages sustained as a result of such failure to require assumption of the terms of this Agreement.

Transfer of Company Title or Interest. This Agreement shall be binding upon the parties herein, their suc- cessors, administrators, executors and assigns. In the event an entire operation or any part hereof is sold, leased, transferred, or taken over by sale, transfer, lease, assignment receivership, or bankruptcy pro- ceedings proceedings such operation shall continue to be subject to the terms and conditions of the Agreement for the life thereof. On sale, transfertrans- fer, or lease of any individual run or runs, only the specific provisions provi- sions of this Agreement, excluding supplements or other conditions, shall prevail. It is understood by this Section that the parties hereto shall not use any leasing device to a third (3rd) party to evade this Agreement. The Employer shall give notice of the existence of this Agreement to any purchaser, transferee, lessee, assignee, etc., or the operation covered by this Agreement, or any part thereof. Such notice no- xxxx shall be in writing with a copy to the Union at the time the sellersell- er, transferor or lessor executes a contract of transaction as herein described. In the event the Employer fails to give the notice herein required and/or fails to Article 15-16-17 require the purchaser, transferee or lessee to assume the obligations of this agreement, the Employer shall be liable to the Union and to the employees covered for all damages sustained as a result of such failure to require assumption of the terms of this Agreement.lessee

Transfer of Company Title or Interest. This Agreement shall be binding upon the parties herein, their suc- cessorssuccessors, administrators, executors and assigns. In the event an entire operation or any part hereof is sold, leased, transferred, or taken over by sale, transfer, lease, assignment receivership, or bankruptcy pro- ceedings proceedings such operation shall continue to be subject sub- ject to the terms and conditions of the Agreement for the life thereof. On sale, transfer, or lease of any individual run or runs, only the specific provisions of this Agreement, excluding supplements supple- ments or other conditions, shall prevail. It is understood by this Section that the parties hereto shall not use any leasing device to a third (3rd) party to evade this Agreement. The Employer shall give notice of the existence of this Agreement to any purchaser, transferee, lessee, assignee, etc., or the operation covered by this Agreement, or any part thereof. Such notice shall be in writing with a copy to the Union at the time the seller, transferor or lessor executes a contract of transaction as herein described. In the event the Employer fails to give the notice herein required and/or fails to Article 15-16-17 require the purchaser, transferee or lessee to assume the obligations of this agreement, the Employer shall be liable to the Union and to the employees covered for all damages sustained as a result of such failure to require assumption of the terms of this Agreement.

Transfer of Company Title or Interest. This Agreement shall be binding upon the parties herein, their suc- cessors, administrators, executors and assigns. In the event an entire operation or any part hereof is sold, leased, transferred, or taken over by sale, transfer, lease, assignment receivership, or bankruptcy pro- ceedings proceedings such operation shall continue to be subject to the terms and conditions of the Agreement for the life thereof. On sale, transfertrans- fer, or lease of any individual run or runs, only the specific provisions provi- sions of this Agreement, excluding supplements or other conditions, shall prevail. It is understood by this Section that the parties hereto shall not use any leasing device to a third (3rd) party to evade this Agreement. The Employer shall give notice of the existence of this Agreement to any purchaser, transferee, lessee, assignee, etc., or the operation covered by this Agreement, or any part thereof. Such notice shall be in writing with a copy to the Union at the time the seller, transferor or lessor executes a contract of transaction as herein here- in described. In the event the Employer fails to give the notice herein here- in required and/or fails to Article 15-16-17 require the purchaser, transferee or lessee to assume the obligations of this agreement, the Employer shall be liable to the Union and to the employees covered for all damages sustained as a result of such failure to require assumption of the terms of this Agreement.

Transfer of Company Title or Interest. This The Agreement shall be binding upon the parties hereinhereto, their suc- cessorssuccessors, administrators, executors executors, and assigns. In the event an entire operation operation, or any part hereof is rights only, are sold, leased, transferred, or taken over by sale, transfer, lease, assignment receivershipassignment, receivership or bankruptcy pro- ceedings proceedings, such operation or use of such rights shall continue to be subject to the terms and conditions of the this Agreement for the life thereof. On the sale, transfer, transfer or lease of any an individual run or runs, only or rights only, the specific provisions of this Agreement, excluding supplements supplements, or other conditions, shall prevail. It is understood by this Section that the parties hereto shall not use any leasing device to a third (3rd) party to evade this Agreement. In the event the Employer fails to require the purchaser, the transferee, or lessee to agree to assume the obligations of this Agreement, the Employer (including partners thereof) shall be liable to the Union and to the Employees covered for all damages sustained as a result of such failure to require assumption of the terms of this Agreement, but shall not be liable after the purchaser, the transferee, or lessee has agreed to assume the obligations of this Agreement. The Employer shall give notice of the existence of this Agreement to any purchaser, transferee, lessee, assignee, etc., or of the operation covered by this Agreement, Agreement or any part thereof, including rights only. Such notice shall be in writing with a copy to the Local Union at the time the seller, transferor transferor, or lessor executes a contract of or transaction as herein described. In the event the Employer fails to give the notice herein required and/or fails to Article 15-16-17 require the purchaser, transferee or lessee to assume the obligations of this agreement, the Employer The Local Union shall also be liable to the Union and to the employees covered for all damages sustained as a result of such failure to require assumption advised of the terms exact nature of this Agreementthe transaction, not including financial details.

Transfer of Company Title or Interest. This Agreement shall be binding upon the parties herein, their suc- cessors, administrators, executors and assigns. In the event an entire operation or any part hereof is sold, leased, transferred, or taken over by sale, transfer, lease, assignment receivership, or bankruptcy pro- ceedings proceedings such operation shall continue to be subject to the terms and conditions of the Agreement for the life thereof. On sale, transfertrans- fer, or lease of any individual run or runs, only the specific provisions provi- sions of this Agreement, Agreement excluding supplements or other conditions, shall prevail. It is understood by this Section that the parties hereto shall not use any leasing device to a third (3rd) party to evade this Agreement. The Employer shall give notice of the existence of this Agreement to any purchaser, transferee, lessee, assignee, etc., or the operation covered by this Agreement, or any part thereof. Such notice no- xxxx shall be in writing with a copy to the Union at the time the sellersell- er, transferor or lessor executes a contract of transaction as herein described. In the event the Employer fails to give the notice herein required and/or fails to Article 15-16-17 require the purchaser, transferee or lessee to assume the obligations of this agreement, the Employer shall be liable to the Union and to the employees covered for all damages sustained as a result of such failure to require assumption of the terms of this Agreement.. Article 14-15