Common use of Obligation of the Company Clause in Contracts

Obligation of the Company. Whenever this Agreement requires the Surviving Corporation or Merger Sub to take any action or otherwise to comply with any provision of this Agreement, such requirement shall be deemed to include an undertaking on the part of Parent to cause such party to take such action or comply with such provision and Parent shall be jointly and severally liable for any failure to take such action or to comply with such provision.

Appears in 2 contracts

Samples: Merger Agreement (Divine Inc), Merger Agreement (Rowecom Inc)

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Obligation of the Company. Whenever this Agreement requires the Surviving Corporation or Merger Sub to take any action or otherwise to comply with any provision of this Agreementaction, such requirement shall be deemed to include an undertaking on the part of Parent to cause such party Party to take such action or comply with such provision and Parent shall be jointly and severally liable for any failure to take such action or to comply with such provisionaction.

Appears in 2 contracts

Samples: Merger Agreement (Axs One Inc), Merger Agreement (Unify Corp)

Obligation of the Company. Whenever this Agreement requires the ------------------------- Surviving Corporation or Merger Sub to take any action or otherwise to comply with any provision of this Agreementaction, such requirement shall be deemed to include an undertaking on the part of Parent to cause such party to take such action or comply with such provision and Parent shall be jointly and severally liable for any failure to take such action or to comply with such provisionaction.

Appears in 2 contracts

Samples: Merger Agreement (Usweb Corp), Merger Agreement (Usweb Corp)

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Obligation of the Company. Whenever this Agreement requires Parent, the Surviving Corporation Company or Merger Sub to take any action or otherwise to comply with any provision of this Agreementaction, such requirement shall be deemed to include an undertaking on the part of Parent the Company to cause such party to take such action or comply with such provision and Parent shall be jointly and severally liable for any failure to take such action or to comply with such provisionaction.

Appears in 1 contract

Samples: Merger Agreement (Eltron International Inc)

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