Common use of Continuation of Obligation Clause in Contracts

Continuation of Obligation. 11.1 All the obligations and joint liabilities of party A under this contract are continuous, and have full binding force on its assets successor or heir, legal agent, receiver, transferee as well as the entity after its merge, separation, reorganization, shareholding reform, name change, etc., and shall not be affected by any dispute, claim or legal procedure or any contract or document signed between the debtor of main contract and any natural person or legal person, and shall not have any change due to any bankruptcy, insolvency, losing of enterprise qualification, change of articles of association or any substantial change of the debtor under the main contract.

Appears in 4 contracts

Samples: Comprehensive Credit Granting Contract (Neophotonics Corp), Comprehensive Credit Granting Contract (Neophotonics Corp), Comprehensive Credit Granting Contract (Neophotonics Corp)

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