Effect on Successors and Assigns definition

Effect on Successors and Assigns. The provisions of this lease shall apply to, bind, and inure to the benefit of lessor and lessee, and their respective heirs, successors, legal representatives, and assigns. It is understood that the term "lessor" as used in this lease means only the owner, a mortgagee in possession, or a term lessee of the building, so that in the event of any sale of the building or of any lease of the building, or if a mortgagee shall take possession of the premises, the lessor shall be entirely freed and relieved of all covenants and obligations of lessor subsequently accruing under this agreement. It shall be deemed without further agreement that the purchaser, the term lessee of the building, or the mortgagee in possession has assumed and agreed to carry out any and all covenants and obligations of the lessor under this agreement. Dated March 15, 2000 Xxxx Xxxxx MedGrup Corporation By: /s/ Xxxx Xxxxx By: /s/ Xxxxx X. Xxxxxx ----------------------------- --------------------------- Xxxx Xxxxx, Proprietor Xxxxx X. Xxxxxx President By: /s/ Xxxxx X. Xxxxxxx --------------------------- Xxxxx X. Xxxxxxx Controller

Examples of Effect on Successors and Assigns in a sentence

  • MISCELLANEOUS PROVISIONSSection 13.01 Effect on Successors and Assigns.

  • MISCELLANEOUS PROVISIONSSECTION 13.01 Effect on Successors and Assigns.

  • ARTICLE 13 MISCELLANEOUS PROVISIONS Section 13.01 Effect on Successors and Assigns.

  • MISCELLANEOUS PROVISIONS 61 Section 13.01 Effect on Successors and Assigns.

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  • MISCELLANEOUS PROVISIONS SECTION 14.01 Effect on Successors and Assigns.

  • Section 14.01 Effect on Successors and Assigns....................................

  • ARTICLE XIII MISCELLANEOUS PROVISIONS Section 13.01 Effect on Successors and Assigns.

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Related to Effect on Successors and Assigns

  • Successors and Assigns means a corporation or other entity acquiring all or substantially all the assets and business of the Company (including this Agreement), whether by operation of law or otherwise.

  • Successors as used in this Agreement shall not include any purchaser, as such purchaser, of any of the [Unsecured Notes] from any of the respective Underwriters.

  • assigns shall not include any purchaser of Securities merely because of such purchase.

  • Heirs means those persons, including the surviving spouse, who are entitled under the statutes of intestate succession to the property of a decedent.

  • Permitted Assigns means a Transferee of shares of Common Stock that agrees to become party to, and to be bound to the same extent as its Transferor by the terms of, this Agreement.

  • Bind, "binding," or "bound" means securing more than one piece of paper

  • Business Successor means (i) any former Subsidiary of the Company and (ii) any Person that, after the Issue Date, has acquired, merged or consolidated with a Subsidiary of the Company (that results in such Subsidiary ceasing to be a Subsidiary of the Company), or acquired (in one transaction or a series of transactions) all or substantially all of the property and assets or business of a Subsidiary or assets constituting a business unit, line of business or division of a Subsidiary of the Company.

  • Division Successor means any Person that, upon the consummation of a Division of a Dividing Person, holds all or any portion of the assets, liabilities and/or obligations previously held by such Dividing Person immediately prior to the consummation of such Division. A Dividing Person which retains any of its assets, liabilities and/or obligations after a Division shall be deemed a Division Successor upon the occurrence of such Division.

  • Binding Effect The provisions, covenants and conditions in this Contract apply to bind the parties, their legal heirs, representatives, successors, and assigns.

  • Successor personal representative means a personal representative, other than a special administrator, who is appointed to succeed a previously appointed personal representative.

  • Transferees as defined in subsection 10.5(g).

  • Permitted Successor is defined in Section 5.02 of the Sale Agreement.

  • Permitted Assign means, for a person that is an employee, executive officer, director or consultant of an issuer or of a related entity of the issuer,

  • Permitted Assignees shall have the meaning set forth in Section 3(e) hereto;

  • Stepchild means a child of the surviving, deceased, or former spouse of the testator or of the donor of a power of appointment, who is not the testator's or donor's child.

  • Company Fundamental Representations means the representations and warranties set forth in Section 3.1 (Organization; Good Standing); Section 3.2 (Corporate Power; Enforceability); Section 3.3(a) (Company Board Approval); Section 3.3(b) (Anti-Takeover Laws); Section 3.4 (Requisite Stockholder Approvals); Section 3.5(a) (Non-Contravention); Section 3.7 (Company Capitalization); and Section 3.25 (Brokers).

  • Grandchild means a child of the employee's child.

  • Administrators means each of David Friedman and Mark Wendel, solely in such Person's capacity as Administrator of the Trust continued hereunder and not in such Person's individual capacity, or such Administrator's successor in interest in such capacity, or any successor appointed as herein provided.

  • Personal Effects means personal items regularly worn or carried on the person for his/her personal use, for example clothing, watch, wallet.

  • Existing source or existing discharger (in the NPDES program) means any source which is not a new source or new discharger.

  • Indemnified Parties has the meaning set forth in Section 8.2.

  • Parent Fundamental Representations means the representations and warranties of Parent set forth in Section 5.1 (Corporate Existence and Power), Section 5.3 (Corporate Authorization), Section 5.6 (Finders’ Fees), Section 5.7 (Issuance of Shares), and Section 5.8 (Capitalization).

  • Grandparent means the parent of an Employee’s Parent.

  • successor in business means any company which, as a result of any amalgamation, merger or reconstruction: (a) owns beneficially the whole or substantially the whole of the undertaking, property and assets owned by the Issuer immediately prior thereto; and (b) carries on, as successor to the Issuer, the whole or substantially the whole of the business carried on by the Issuer immediately prior thereto.

  • Stepparent means a person who is not the parent of the dependent child, but is the legal spouse of the dependent child’s parent by ceremonial or common-law marriage.

  • Assignees has the meaning specified in Section 10.07(b).