Common use of Merger or Reorganization Clause in Contracts

Merger or Reorganization. The Company may assign its rights under this Agreement to any entity which may acquire all or substantially all of the businesses which are currently conducted by the Company (or which have evolved therefrom and are substantially similar thereto), or which may acquire substantially all of the assets and businesses of the Company existing at the time of such acquisition, or with or into which the Company may be consolidated or merged, provided that any such assignment shall be subject to the express terms and conditions of this Agreement.