Common use of Amalgamation/Acquisition Clause in Contracts

Amalgamation/Acquisition. In the event of M/s proposes for amalgamation, acquisition or sale of its business to any other firm during this contract period, M/s.------------------------- and proposed Buyer/Successor of the Principal Company are liable to execute, fulfill contractual obligations without any deviations. For this purpose M/s. ----- ---------------------------/M/s.-------------------------------- and proposed Buyer/Successor of the Principal Company shall indemnify itself to the Director, INDIAN INSTITUTE OF TROPICAL METEOROLOGY , Pune to fulfill the contractual obligations as per the terms of the IITM Global Tender and quotation of M/s. ------------------------------------ -No. ---------------------- dated-----------and INDIAN INSTITUTE OF TROPICAL METEOROLOGY P.O. No.--------------dated --------- -------. The contractual obligations are supply, installation, commissioning, warranty maintenance/replacement of spares, accessories etc. as per the above mentioned Purchase Order.

Amalgamation/Acquisition. In the event of M/s proposes for amalgamation, acquisition or sale of its business to any other firm during this contract period, M/s.------------------------- and proposed Buyer/Successor of the Principal Company are liable to execute, fulfill contractual obligations without any deviations. For this purpose M/s. ----- ---------------------------/M/s.-------------------------------- and proposed Buyer/Successor of the Principal Company shall indemnify itself to the Director, INDIAN INSTITUTE OF TROPICAL METEOROLOGY , ,Pune to fulfill the contractual obligations as per the terms of the IITM Global Tender and quotation of M/s. ------------------------------------ -No-------------------------------------No. ---------------------- ------------- --------- dated-----------and INDIAN INSTITUTE OF TROPICAL METEOROLOGY P.O. No.--------------dated --------- ---------. The contractual obligations are supply, installation, commissioning, warranty maintenance/replacement of spares, accessories etc. as per the above mentioned Purchase Order.