Common use of Assumption by Successors Clause in Contracts

Assumption by Successors. In the event Leslie's Delaware or the ------------------------ Surviving Corporation or any of their respective successors or assigns (i) consolidates with or merges into any other person and shall not be the continuing or surviving corporation or entity of such consolidation or merger, or (ii) liquidates, dissolves or transfers all or substantially all of its properties and assets to any person, then, and in each such case, proper provisions shall be made so that the successors and assigns of Leslie's Delaware or the Surviving Corporation, as the case may be, assume the obligations set forth in this Section 8.3 to the maximum extent permitted under the laws of such person's jurisdiction of incorporation, if such person is a corporation, or under other applicable law.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Hancock Park Associates Ii Lp Et Al), Agreement and Plan of Merger (Green Equity Investors Ii Lp), Agreement and Plan of Merger (Leslies Poolmart)

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Assumption by Successors. In the event Leslie's Delaware ’s or the ------------------------ Surviving Corporation or any of their respective successors or assigns (i) consolidates with or merges into any other person and shall not be the continuing or surviving corporation or entity of such consolidation or merger, or (ii) liquidates, dissolves or transfers all or substantially all of its properties and assets to any person, then, and in each such case, proper provisions shall be made so that the successors and assigns of Leslie's Delaware ’s or the Surviving Corporation, as the case may be, assume the obligations set forth in this Section 8.3 to the maximum extent permitted under the laws of such person's ’s jurisdiction of incorporation, if such person is a corporation, or under other applicable law.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Leslies Poolmart Inc)

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