Common use of Assumption by Successor to Company Clause in Contracts

Assumption by Successor to Company. The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to assume expressly and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place. As used in this Agreement, “Company” shall mean the Company as hereinbefore defined and any successor to its business and/or assets as aforesaid which assumes and agrees to perform this Agreement by operation of law, or otherwise.

Appears in 28 contracts

Samples: Change in Control Agreement (C & F Financial Corp), Change in Control Agreement (C & F Financial Corp), Change in Control Agreement (C & F Financial Corp)

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Assumption by Successor to Company. The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to assume expressly and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place. As used in this Agreement, "Company" shall mean the Company as hereinbefore defined and any successor to its business and/or assets as aforesaid which assumes and agrees to perform this Agreement by operation of law, or otherwise.

Appears in 4 contracts

Samples: Change in Control Agreement (C & F Financial Corp), Change in Control Agreement (FNB Corp \Va\), Change in Control Agreement (National Bankshares Inc)

Assumption by Successor to Company. The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to assume expressly and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place. As used in this Agreement, "Company" 7 shall mean the Company as hereinbefore defined and any successor to its business and/or assets as aforesaid which assumes and agrees to perform this Agreement by operation of law, or otherwise.

Appears in 1 contract

Samples: Change in Control Agreement (FNB Corp \Va\)

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Assumption by Successor to Company. The Company will shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to expressly assume expressly and agree to perform this Agreement in the same manner and to the same extent that the Company would be have been required to perform it if no such succession had taken place. As used in this the Agreement, the “Company” shall mean both the Company as hereinbefore defined above and any such successor to its business and/or assets as aforesaid which that assumes and agrees to perform this Agreement Agreement, by operation of law, law or otherwise.

Appears in 1 contract

Samples: Employment Agreement (Thoratec Corp)

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