Common use of Merger Without Assumption Clause in Contracts

Merger Without Assumption. The party consolidates or amalgamates with, or merges with or into, or transfers all or substantially all its assets to, another entity and, at the time of such consolidation, amalgamation, merger or transfer the resulting, surviving or transferee entity fails to assume all the obligations of such party hereunder or under the Security Agreement.

Appears in 4 contracts

Samples: Standard Offer Capacity Agreement, Standard Offer Capacity Agreement, Standard Offer Capacity Agreement

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Merger Without Assumption. The party A Party consolidates or amalgamates with, or merges with or into, or transfers all or substantially all its assets to, or reorganises, reincorporates or reconstitutes into or as, another entity and, at the time of such consolidation, amalgamation, merger merger, transfer, reorganisation, reincorporation or transfer reconstitution, the resulting, surviving or transferee entity fails to assume all the obligations of such party hereunder or Party under the Security this Agreement.

Appears in 2 contracts

Samples: Islamic Foreign Exchange and Islamic Foreign Exchange Options Master Agreement, Islamic Foreign Exchange and Islamic Foreign Exchange Options Master Agreement

Merger Without Assumption. The party Party consolidates or amalgamates with, or merges with or into, or transfers all or substantially all its assets to, another entity and, at the time of such consolidation, amalgamation, merger or transfer the resulting, surviving or transferee entity fails to assume all the obligations of such party hereunder Party by operation of law or under pursuant to an agreement reasonably satisfactory to the Security Agreementother Party.

Appears in 2 contracts

Samples: Renewable Natural Gas Attribute Purchase and Sale Agreement, Renewable Natural Gas Attribute Purchase and Sale Agreement

Merger Without Assumption. The party consolidates or amalgamates with, or merges with or into, or transfers all or substantially all its assets to, another entity and, at the time of such consolidation, amalgamation, merger or transfer the resulting, surviving or transferee entity fails to assume all the obligations of such party hereunder under this Agreement by operation of law or under pursuant to an agreement reasonably satisfactory to the Security other party to this Agreement.

Appears in 1 contract

Samples: Master Swap Agreement

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Merger Without Assumption. The A party consolidates or amalgamates with, or merges with or into, or transfers all or substantially all of its assets toto another entity, another entity and, and at the time of such consolidation, amalgamation, merger merger, or transfer the resulting, surviving surviving, or transferee entity fails to assume all of the obligations of such party hereunder under this Agreement by operation of law or under pursuant to an agreement reasonably satisfactory to the Security other party to this Agreement.;

Appears in 1 contract

Samples: Master Swap Agreement (Earth Biofuels Inc)

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