Predecessor Status Clause Samples
The Predecessor Status clause defines the rights, obligations, or status of parties or entities that existed prior to the current agreement. Typically, this clause clarifies whether any previous contracts, commitments, or liabilities of a predecessor organization or individual are assumed, continued, or extinguished under the new agreement. For example, it may specify if a company acquiring another inherits the legal responsibilities of the acquired entity. The core function of this clause is to ensure clarity regarding the continuity or discontinuity of obligations and rights, thereby preventing disputes over legacy issues.
Predecessor Status. 10 4.8 Absence of Claims Against the Company.........................10 4.9 Company Financial Conditions..................................10 4.10
Predecessor Status. Schedule 5.7 sets forth a list of all names of all predecessor companies of the Company, including the names of any entities from which the Company previously acquired significant assets. The Company has never been a subsidiary or division of another corporation, nor has it been a part of an acquisition that was later rescinded.
Predecessor Status. SCHEDULE 5.7 sets forth a list of all names of all predecessor companies of the Company, including the names of any entities from which the Company previously acquired substantially all of the assets. Except as set forth in SCHEDULE 5.7, the Company has never been a subsidiary or division of another corporation.
Predecessor Status. Set forth in Schedule 5.7 is a listing of all names of all predecessor companies of the COMPANY for the past five years, including the names of any entities from whom the COMPANY previously acquired material assets. Except as disclosed in Schedule 5.7, the COMPANY has not been a subsidiary or division of another corporation.
Predecessor Status. Set forth in Schedule 5.7 is a listing of all names of all predecessor companies of the Company, including the names of any entities acquired by the Company (by stock purchase, merger or otherwise) or owned by the Company or from whom the Company previously acquired material assets in excess of $250,000, in any case, since January 1, 1990. Except as disclosed on Schedule 5.7, the Company has not been, within such period of time, a subsidiary or division of another corporation or a part of an acquisition which was later rescinded.
Predecessor Status etc. The Disclosure Schedule lists all names of all predecessor companies of the Target and each Subsidiary, including the names of all entities from whom the Target and each Subsidiary previously acquired significant assets. Except as set
Predecessor Status. 20 5.8 Spin-off by the COMPANY..........................................................................20 5.9
Predecessor Status. There are no predecessor companies of Company or any Subsidiary, and neither the Company or any Subsidiary has previously acquired significant assets from any other entity. Neither Company nor any Subsidiary has ever been a subsidiary or division of another corporation, nor have they been a part of an acquisition that was later rescinded.
Predecessor Status. Schedule 5.7 sets forth a list of all names of all predecessor companies of the Partnership, including the names of any entities from which the Partnership previously acquired significant assets. The Partnership has never been a subsidiary or division of a corporation, nor has it been a part of an acquisition that was later rescinded.
Predecessor Status. Set forth in Schedule 3.8 is a listing of all names of all predecessor companies of the Seller, including the names of any entities from whom within the last five years the Seller previously acquired significant assets. The Seller has never been a subsidiary or division of another corporation or a part of any acquisition which was later rescinded. Set forth on Schedule 3.8 is a listing of each business name used by the Seller and its predecessors and by any companies acquired by or merged into it, and each state and county in which any such trade name is registered, if any.