Successors Clause Example from Business Contracts

This example Successors clause appears in 4 contracts from 4 companies

Successors. Any successor to the Company of all or substantially all of the Company's business or assets (whether direct or indirect and whether by purchase, merger, consolidation, liquidation or otherwise) will assume the obligations under the Plan and agree expressly to perform the obligations under the Plan in the same manner and to the same extent as the Company would be required to perform such obligations in the absence of a succession. For all purposes under the Plan, the term "Company" will include ...any successor to the Company's business or assets which become bound by the terms of the Plan by operation of law, or otherwise. View More