Common use of Obligations of Successors Clause in Contracts

Obligations of Successors. The Company shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business or assets of the Company to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place.

Appears in 47 contracts

Samples: Employment Agreement (Nutex Health, Inc.), Employment Agreement (Nutex Health, Inc.), Employment Agreement (Nutex Health, Inc.)

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Obligations of Successors. The In addition to any obligations imposed by law upon any successor to the Company, the Company shall will use its best efforts to require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business or assets of the Company to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place.

Appears in 37 contracts

Samples: Change in Control Protection Agreement (Boston Private Financial Holdings Inc), Change in Control Protection Agreement (Boston Private Financial Holdings Inc), Change in Control Protection Agreement (Boston Private Financial Holdings Inc)

Obligations of Successors. The In addition to any obligations imposed by law upon any successor to the Company, the Company shall will use its commercially reasonable efforts to require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business or assets of the Company to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place.

Appears in 12 contracts

Samples: Agreement (Anika Therapeutics Inc), Agreement (Anika Therapeutics Inc), Severance Agreement (Anika Therapeutics Inc)

Obligations of Successors. The In addition to any obligations imposed by law upon any successor to the Company, the Company shall will use its reasonable best efforts to require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business or assets of the Company to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place.

Appears in 7 contracts

Samples: Retention Bonus Agreement (Summit Properties Inc), Retention Bonus Agreement (Summit Properties Inc), Retention Bonus Agreement (Summit Properties Inc)

Obligations of Successors. The In addition to any obligations imposed by law upon any successor to the Company, the Company shall will use their best efforts to require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business or assets of the Company to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place.

Appears in 7 contracts

Samples: Fitch Severence Agreement, Severance Agreement (Gables Residential Trust), Gables Residential Trust (Gables Realty Limited Partnership)

Obligations of Successors. The In addition to any obligations imposed by law upon any successor to the Company, the Company shall will use commercially reasonable efforts to require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business or assets of the Company to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place.

Appears in 4 contracts

Samples: Change of Control Agreement (Matritech Inc/De/), Change of Control Agreement (Matritech Inc/De/), Change of Control Agreement (MZT Holdings, Inc.)

Obligations of Successors. The In addition to any obligations imposed by law upon any successor to the Company, the Company shall will use its reasonable efforts to require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business or assets of the Company to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place.

Appears in 3 contracts

Samples: Graphite Bio, Inc., Bonus Agreement (Eidos Therapeutics, Inc.), Appreciation Right Agreement (ArborGen Inc.)

Obligations of Successors. The Company shall require In addition to any obligations imposed by law upon any successor to the Company, any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business or assets of the Company to shall expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place.

Appears in 2 contracts

Samples: Termination of Employment (Veradigm Inc.), Grove Collaborative Holdings, Inc.

Obligations of Successors. The Company shall require In addition to any obligations imposed by law upon any successor to the Company, any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business or assets of the Company to shall expressly assume and agree to perform this Agreement Plan in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place.

Appears in 1 contract

Samples: Employment Agreement (Repligen Corp)

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Obligations of Successors. The In addition to any obligations imposed by law upon any successor to the Company, the Company shall will use its best efforts to require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business or assets of the Company to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place.. If such successor shall fail to so expressly assume and agree to perform this Agreement, the

Appears in 1 contract

Samples: Executive Severance Agreement (Electronic Designs Inc)

Obligations of Successors. The Company shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business or assets of the Company to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place.. EMPLOYMENT AGREEMENT

Appears in 1 contract

Samples: Employment Agreement (Nutex Health, Inc.)

Obligations of Successors. The Company shall will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business or and/or assets of the Company to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be is required to perform if no it. Failure of the Company to obtain such assumption and agreement prior to the effectiveness of any such succession had taken place.shall be a breach of this Agreement and shall entitle the Executive to compensation from the Company in the

Appears in 1 contract

Samples: Executive Severance Agreement (Bellsouth Corp)

Obligations of Successors. The Company shall will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business or and/or assets of the Company to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be is required to perform if no it. Failure of the Company to obtain such succession had taken place.assumption and

Appears in 1 contract

Samples: Us West Inc

Obligations of Successors. The Company shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business or assets of the Company to expressly assume and agree to perform this Amended and Restated Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place.

Appears in 1 contract

Samples: Executive Severance Agreement (Zoll Medical Corporation)

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