Common use of Binding Obligation of Bank and any Successor in Interest Clause in Contracts

Binding Obligation of Bank and any Successor in Interest. The Bank expressly agrees that it shall not merge or consolidate into or with another bank or sell substantially all of its assets to another bank, firm or person until such bank, firm or person expressly agrees, in writing, to assume and discharge the duties and obligations of the Bank under this Agreement. This Agreement shall be binding upon the parties hereto, their successors, beneficiary(ies), heirs and personal representatives.

Binding Obligation of Bank and any Successor in Interest. The Bank expressly agrees that it shall not merge or consolidate into or with another bank Bank or sell substantially all of its assets assets- to another bankBank, firm or person until such bankBank, firm or person expressly agrees, in writing, to assume and discharge discourage the duties and obligations of the Bank Back under this Agreement. This Agreement Agent shall be binding upon the parties hereto, their successors, beneficiary(ies), heirs and personal representatives.