Common use of AMALGAMATION OR REORGANIZATION Clause in Contracts

AMALGAMATION OR REORGANIZATION. 9.1 The provisions of Article 8 shall not prevent a Party from entering into an amalgamation or corporate reorganization which will have the effect in law of the amalgamated or surviving company possessing substantially all the interests of such Party in the Licenses, rights and interests and being subject to all the debts, liabilities and obligations of each amalgamating or predecessor company.

Appears in 2 contracts

Samples: Oil & Gas Farm in Agreement (Holloman Energy Corp), Oil & Gas Farm in Agreement (Holloman Energy Corp)

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AMALGAMATION OR REORGANIZATION. 9.1 The provisions of Article 8 11 shall not prevent a Party party from entering into an amalgamation or corporate reorganization which will have the effect in law of the amalgamated or surviving company possessing substantially all the interests of such Party in the Licensesproperty, rights and interests and being subject to all the debts, liabilities and obligations of each amalgamating or predecessor company.

Appears in 2 contracts

Samples: Property Option Agreement (Victory Eagle Resources Corp.), Property Option Agreement (Victory Eagle Resources Corp.)

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AMALGAMATION OR REORGANIZATION. 9.1 1. The provisions of Article 8 11 shall not prevent a Party party from entering into an amalgamation or corporate reorganization which will have the effect in law of the amalgamated or surviving company possessing substantially all the interests of such Party in the Licensesproperty, rights and interests and being subject to all the debts, liabilities and obligations of each amalgamating or predecessor company.

Appears in 1 contract

Samples: Property Option Agreement (Ayers Exploration Inc.)

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