Examples of Permitted Successor in a sentence
The approval by the stockholders of Kaydon of a complete liquidation or dissolution of Kaydon or the sale or disposition of all or substantially all of the assets of Kaydon other than to a Permitted Successor.
First, it is clear that the EU is unwilling to extend the same level of concessions to the BLNS and South Africa.
The Agreement and the rights and obligations hereunder shall not be assignable by any Party (including by operation of law in connection with a merger or consolidation of such Party), except to a Permitted Successor as provided in Sections 5.01(a) and 5.02(a) without the prior written consent of the other Parties hereto.
In connection with such cooperation, Seller agrees, upon request of Buyer to “direct deed” for actual interests in the Property to a Permitted Successor or Assignee of Buyer.
A Permitted Affiliate Assignment and Permitted Successor Assignment may each be referred to herein as a “Permitted Assignment”.