Common use of Assumption Clause in Contracts

Assumption. The Company 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 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 businesses and/or assets as aforesaid that assumes and agrees to perform this Agreement by operation of law or otherwise.

Appears in 16 contracts

Samples: Sempra Energy Severance Pay Agreement (Sempra Energy), Employment Agreement (Sempra Energy), Employment Agreement (Sempra Energy)

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Assumption. The Company 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 or its Affiliates 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 as 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 businesses business and/or assets as aforesaid that assumes and agrees to perform this Agreement by operation of law or otherwise.

Appears in 16 contracts

Samples: Separation Pay Agreement (Vapotherm Inc), Separation Pay Agreement (Vapotherm Inc), Separation Pay Agreement (Vapotherm Inc)

Assumption. The Company shall require any successor or assignee (whether direct or indirect, by purchase, merger, consolidation 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 or assignment had taken place. As used in this Agreement, "Company" shall mean the Company as hereinbefore defined and any successor to its businesses and/or assets as aforesaid that assumes and agrees to perform this Agreement by operation of law or otherwise.

Appears in 11 contracts

Samples: Employment Agreement (Devon Energy Corp/De), Employment Agreement (Devon Energy Corp/De), Employment Agreement (Devon Energy Corp/De)

Assumption. The Company 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 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 businesses and/or assets as aforesaid that assumes and agrees to perform this Agreement by operation of law law, or otherwise.

Appears in 6 contracts

Samples: Employment Agreement (Aquila Inc), Employment Agreement (Utilicorp United Inc), Agreement and Plan of Merger (Kansas City Power & Light Co)

Assumption. The Company 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 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 as 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 businesses business and/or assets as aforesaid that assumes and agrees to perform this Agreement by operation of law or otherwise.

Appears in 5 contracts

Samples: Separation Pay Agreement (Wright Medical Group Inc), Separation Pay Agreement (Wright Medical Group Inc), Separation Pay Agreement (Wright Medical Group Inc)

Assumption. The Company shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or 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 businesses and/or assets as aforesaid that assumes and agrees to perform this Agreement by operation of law or otherwise.extent

Appears in 3 contracts

Samples: Employment Agreement (Golden Sky Systems Inc), Employment Agreement (Golden Sky Systems Inc), Employment Agreement (Golden Sky Systems Inc)

Assumption. The Company shall require any successor in interest (whether direct or indirect, by indirect or as a result of purchase, merger, consolidation consolidation, Change in Control or otherwise) to all or substantially all of the business and/or assets of the Company to expressly assume expressly and agree to perform the obligations under 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 businesses and/or assets as aforesaid that assumes and agrees to perform this Agreement by operation of law or otherwise.

Appears in 3 contracts

Samples: Employment Agreement (Beebas Creations Inc), Employment Agreement (Beebas Creations Inc), Employment Agreement (Beebas Creations Inc)

Assumption. The Company shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or or assets of the Company Company, expressly 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 businesses and/or assets as aforesaid that assumes and agrees to perform this Agreement by operation of law or otherwise.

Appears in 3 contracts

Samples: Employment Agreement (Sorrento Networks Corp), Employment Agreement (Sorrento Networks Corp), Employment Agreement (Sorrento Networks Corp)

Assumption. The Company shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or 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 Company, as hereinbefore defined previously defined, and any successor to its businesses and/or assets as aforesaid that assumes and agrees to perform this Agreement by operation of law law, or otherwise.

Appears in 3 contracts

Samples: Employment Agreement (Golden Sky Systems Inc), Employment Agreement (Golden Sky Systems Inc), Employment Agreement (Golden Sky DBS Inc)

Assumption. The Company shall require any successor in interest (whether direct or indirect, by indirect or as a result of purchase, merger, consolidation consolidation, Change in Control or otherwise) to all or substantially all of the business and/or assets of the Company to expressly assume expressly and agree to perform the obligation under 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 businesses and/or assets as aforesaid that assumes and agrees to perform this Agreement by operation of law or otherwise.

Appears in 2 contracts

Samples: Employment Agreement (Nitches Inc), Employment Agreement (Nitches Inc)

Assumption. The Company shall require any successor or assignee (whether direct or indirect, by purchase, merger, consolidation 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 businesses and/or assets as aforesaid that assumes and agrees to perform this Agreement by operation of law or otherwise.

Appears in 2 contracts

Samples: Severance Agreement (Devon Energy Corp/De), Severance Agreement (Devon Energy Corp/De)

Assumption. The Company 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 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 businesses and/or assets as aforesaid that assumes and agrees to perform this Agreement by operation of law or otherwise.

Appears in 1 contract

Samples: Employment Agreement (Knobias, Inc.)

Assumption. The Company 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 thereof to expressly 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 this Agreement if no such succession had taken place. As used in this Agreement, "Company" the Company shall mean the Company as hereinbefore defined and any successor to its businesses and/or assets as aforesaid that assumes and agrees to perform this Agreement by operation of law law, or otherwise.

Appears in 1 contract

Samples: Employment Agreement (CTS Corp)

Assumption. The Company 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 and its Affiliates 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, "the “Company" shall mean the Company as hereinbefore defined and any successor to its businesses business and/or assets as aforesaid that assumes and agrees to perform this Agreement by operation of law or otherwise.

Appears in 1 contract

Samples: Employment Agreement (Wright Medical Group N.V.)

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Assumption. The Company shall 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 businesses business and/or assets as aforesaid that which assumes and agrees to perform this Agreement by operation of law law, or otherwise.

Appears in 1 contract

Samples: Executive Employment Agreement (Clean Energy Technologies, Inc.)

Assumption. The Company shall will require any successor (whether direct or indirect, by purchasepurchase of securities, merger, consolidation consolidation, sale of assets, or otherwise) to all or substantially all of the business and/or or assets of the Company Company, by an agreement in form and substance reasonably satisfactory to Employee, to expressly assume expressly this Agreement and to 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 businesses and/or assets as aforesaid that assumes and agrees to perform this Agreement by operation of law or otherwise.

Appears in 1 contract

Samples: Employment Agreement (Concentra Managed Care Inc)

Assumption. The Company shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or or assets of the Company to assume expressly and agree agreed 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 shall. mean the Company Company, as hereinbefore defined previously defined, and any successor to its businesses and/or assets as aforesaid that assumes and agrees to perform this Agreement by operation of law law, or otherwise.

Appears in 1 contract

Samples: Employment Agreement (Golden Sky Systems Inc)

Assumption. The Company 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 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 businesses and/or assets as aforesaid that assumes and agrees to perform this Agreement by operation of law or otherwise.

Appears in 1 contract

Samples: Employment Agreement (Friede Goldman Halter Inc)

Assumption. The Company 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 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 businesses business and/or assets as aforesaid that assumes and agrees to perform this Agreement by operation of law or otherwise.

Appears in 1 contract

Samples: Employment Agreement (Wright Medical Group Inc)

Assumption. The Company shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially substan- tially 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 businesses and/or assets as aforesaid that assumes and agrees to perform this Agreement by operation of law or otherwise.

Appears in 1 contract

Samples: Employment Agreement (Enova Corp)

Assumption. The Company 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 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 as 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 businesses business and/or assets as aforesaid that assumes asswnes and agrees to perform this Agreement by operation of law or otherwise.

Appears in 1 contract

Samples: Separation Pay Agreement (Wright Medical Group Inc)

Assumption. The Company 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 and/or Xxxxxx Medical Technology, Inc. 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 businesses business and/or assets as aforesaid that assumes and agrees to perform this Agreement by operation of law or otherwise.

Appears in 1 contract

Samples: Employment Agreement (Wright Medical Group Inc)

Assumption. The Company 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 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 businesses and/or assets as aforesaid that assumes and agrees to perform this Agreement Agreement, by operation of law or otherwise. 10.

Appears in 1 contract

Samples: Agreement and Plan of Merger Agreement and Plan of Merger (PTC Bancorp)

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