Common use of Reorganizations Clause in Contracts

Reorganizations. If the Company engages in any reorganization or restructuring or other transaction (including without limitation a transaction effected primarily to change its jurisdiction of organization) in which the Company or its successor or assignee is a wholly owned subsidiary of another entity, then as a condition to such transaction, the Company shall ensure that the ultimate parent entity assumes all of the Company’s obligations hereunder as if it were the Company.

Appears in 8 contracts

Samples: Registration Rights Agreement (China Technology Development Group Corp), Registration Rights Agreement (Man Sang International (B.V.I.) LTD), Registration Rights Agreement (China Technology Development Group Corp)

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