Common use of Obligations of Predecessors Clause in Contracts

Obligations of Predecessors. When any provision of this Agreement or any Document refers to or contemplates: (i) any agreement, lease, license, permit or authorization to which the Seller is a party or by which its assets are bound or subject; (ii) any other obligation or duty of the Seller of any kind or nature; or (iii) the existence or absence of any fact or matter, such provision shall be deemed to include, in addition to any contract, document, agreement, lease, license, permit or authorization or other obligation or duty of the Seller or the existence or absence of any fact or matter: (x) any contract, document, agreement, lease, license, permit or authorization or other obligation or duty assigned to or assumed by the Seller or its predecessors, directly or indirectly, by agreement, by operation of law or otherwise and (y) the existence of any fact or matter to the extent relevant to any such predecessor. When any provision of this Agreement or any Document refers to a "predecessor," such reference shall be deemed to include any corporation, partnership, joint venture or other business, business organization or entity which is the predecessor of the Seller and shall include any or all of the foregoing to the extent that the Seller is the direct or indirect successor thereof.

Appears in 1 contract

Samples: Asset Purchase Agreement (Disc Graphics Inc /De/)

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Obligations of Predecessors. When any provision of this Agreement or any Document refers to or contemplates: (i) any agreement, lease, license, permit or authorization to which the Seller Cars is a party or by which its assets are bound or subject; (ii) any other obligation or duty of the Seller Cars of any kind or nature; or (iii) the existence or absence of any fact or matter, matter such provision shall be deemed to include, in addition to any contract, document, agreement, lease, license, permit or authorization or other obligation or duty of the Seller Cars or the existence or absence of any fact or matter: ; (x) any contract, document, agreement, lease, license, permit or authorization or other obligation or duty assigned to or assumed by the Seller Cars or its predecessors, directly or indirectly, by agreement, by operation of law or otherwise and (y) the existence of any fact or matter to the extent relevant to any such predecessor. When any provision of this Agreement or any Document refers to a "predecessor," such reference shall be deemed to include any corporation, partnership, joint venture or other business, business organization or entity which is the predecessor of the Seller Cars and shall include any or all of the foregoing to the extent that the Seller Cars is the direct or indirect successor thereof.

Appears in 1 contract

Samples: Merger Agreement (Fidelity Holdings Inc)

Obligations of Predecessors. When any provision of this Agreement or any Document refers to or contemplates: (i) any agreement, lease, license, permit or authorization to which the Seller Company is a party or by which its assets are bound or subject; (ii) any other obligation or duty of the Seller Company of any kind or nature; or (iii) the existence or absence of any fact or matter, matter such provision shall be deemed to include, in addition to any contract, document, agreement, lease, license, permit or authorization or other obligation or duty of the Seller Company or the existence or absence of any fact or matter: ; (x) any contract, document, agreement, lease, license, permit or authorization or other obligation or duty assigned to or assumed by the Seller Company or its predecessors, directly or indirectly, by agreement, by operation of law or otherwise and (y) the existence of any fact or matter to the extent relevant to any such predecessor. When any provision of this Agreement or any Document refers to a "predecessor," such reference shall be deemed to include any corporation, partnership, joint venture or other business, business organization or entity which is the predecessor of the Seller Company and shall include any or all of the foregoing to the extent that the Seller Company is the direct or indirect successor thereof.

Appears in 1 contract

Samples: Stock and Asset Contribution Agreement (White Cloud Exploration Inc)

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Obligations of Predecessors. When any provision of this Agreement or any Document refers to or contemplates: (i) any agreement, lease, license, permit or authorization to which the Seller Company is a party or by which its assets are bound or subject; (ii) any other obligation or duty of the Seller Company of any kind or nature; or (iii) the existence or absence of any fact or matter, matter such provision existence or absence of any fact or matter such provision shall be deemed to include, in addition to any contract, document, agreement, lease, license, permit or authorization or other obligation or duty of the Seller Company or the existence or absence of any fact or matter: ; (x) any contract, document, agreement, lease, license, permit or authorization or other obligation or duty assigned to or assumed by the Seller Company or its predecessors, directly or indirectly, by agreement, by operation of law or otherwise and (y) the existence of any fact or matter to the extent relevant to any such predecessor. When any provision of this Agreement or any Document refers to a "predecessor," such reference shall be deemed to include any corporation, partnership, joint venture or other business, business organization or entity which is the predecessor of the Seller Company and shall include any or all of the foregoing to the extent that the Seller Company is the direct or indirect successor thereof.

Appears in 1 contract

Samples: LLC Interest and Asset Contribution Agreement (White Cloud Exploration Inc)

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