Will Bind Successors Sample Clauses
The "Will Bind Successors" clause ensures that the rights and obligations established in an agreement extend to and are enforceable against any successors or assigns of the original parties. In practice, this means that if a party to the contract is replaced, merges with another entity, or transfers its interests, the new party is still bound by the terms of the original agreement. This clause is essential for maintaining continuity and enforceability of the contract, preventing parties from evading their responsibilities through changes in ownership or structure.
Will Bind Successors. This Warrant shall be binding upon any corporation or other person or entity succeeding to the Company by merger, consolidation or acquisition of all or substantially all of the Company's assets.
Will Bind Successors. The Company covenants and agrees that during the Term of this Warrant, unless otherwise approved by the Holder of this Warrant that this Warrant shall be binding upon any corporation succeeding to the Company by merger, consolidation or acquisition of all or substantially all of the Company’s assets.
Will Bind Successors. This Option shall be binding upon any -------------------- corporation succeeding to the Company by merger, consolidation or acquisition of all or substantially all of the Company's assets.
Will Bind Successors. This Warrant shall be binding upon any corporation -------------------- or other person or entity succeeding to the Company by merger, consolidation or acquisition of all or substantially all of the Company's assets.