Common use of Disposition Upon Death Clause in Contracts

Disposition Upon Death. Upon the death of a Holder, the estate of the deceased Holder (or the distributee of the estate) shall be deemed to have succeeded to the decedent's interest in this Agreement, and shall be deemed to have agreed to assume decedent's obligations under this Agreement.

Appears in 5 contracts

Samples: Voting Trust and Escrow Agreement (Entech Environmental Technologies Inc), Voting Trust and Escrow Agreement (China Power Equipment, Inc.), Voting Trust and Escrow Agreement (Entech Environmental Technologies Inc)

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