Common use of Successor Clause Clause in Contracts

Successor Clause. This Addendum, and any supplements or amendments thereto, hereinafter referred to collectively as “Addendum” shall be binding upon the parties hereto, their successors, administrators, executors, and assigns. In the event the Employer’s business is, in whole or in part, sold, leased, transferred or taken over by sale, transfer, lease, assignment, receivership or bankruptcy proceeding, such business and operation shall continue to be subject to the terms and conditions of this Addendum for the life thereof. It is understood by this provision that the parties hereto shall not use any leasing or other transfer device to a third party to evade this Addendum. The Employer shall give notice of the existence of this Addendum and this provision to any purchaser, transferee, lessee, assignee, etc., of the business operation covered by this Addendum or any part thereof. Such notice shall be in writing with a copy to the IUPAT at the time the seller, transferor or lessor executes a contract or transaction as herein described. The IUPAT shall also be advised of the exact nature of the transaction, not including financial details. In the event the Employer fails to require the purchaser, transferee or lessee to assume the obligations of this Addendum, the Employer, (including partners thereof), shall be liable to the IUPAT and to the employees covered, for all damages sustained as a result of such failure to require assumption of the terms of this Addendum, but shall not be liable after the purchaser, transferee or lessee has agreed to assume the obligations of this Addendum.

Successor Clause. This AddendumAgreement, and any supplements or amendments thereto, hereinafter referred to collectively as “AddendumAgreement,” shall be binding upon the parties hereto, their successors, administrators, executors, executors and assigns. In the event the Employer’s business is, in whole or in part, sold, leased, transferred transferred, or taken over by salesales, transfer, lease, assignment, receivership receivership, or bankruptcy proceedingproceedings, such business and operation shall continue to be subject to the terms and conditions of this Addendum Agreement for the life thereof. It is understood by this provision that the parties hereto shall not use any leasing or other transfer device to a third party to evade this AddendumAgreement. The Employer shall give notice of the existence of this Addendum Agreement and this provision to any purchaser, transferee, lessee, assignee, etc., of the business and operation covered by this Addendum Agreement or any part thereof. Such notice shall be in writing with a copy to the IUPAT Union, at the time the seller, transferor transferor, or lessor executes a contract or transaction as herein described. The IUPAT Union shall also be advised of the exact nature of the transaction, not including financial details. In the event the Employer fails to require the purchaser, transferee transferee, or lessee to assume the obligations of this AddendumAgreement, the Employer, Employer (including partners thereof), ) shall be liable to the IUPAT Union, and to the employees covered, covered for all damages sustained as a result of such failure to require assumption of the terms of this AddendumAgreement, but shall not be liable after the purchaser, transferee transferee, or lessee has agreed in writing to assume the obligations of this AddendumAgreement.

Successor Clause. Section 1. This Addendum, Agreement and any supplements or amendments thereto, hereinafter referred to collectively as “Addendum” " Agreement " shall be binding upon the parties hereto, their successors, administrators, executors, and assignsassignees. In the event the Employer’s business 's business, is, in whole or in part, sold, leased, transferred transferred, or taken over by sale, transfer, lease, assignment, receivership receivership, or bankruptcy proceedingproceedings, such business and operation shall continue to be subject to the terms and conditions of this Addendum Agreement for the life thereofhereof. It is understood by this provision that the parties hereto shall not use any leasing or other transfer device to a third party to evade this AddendumAgreement. The Employer shall give notice of the existence of this Addendum Agreement and this provision to any purchaser, transferee, lessee, assignee, etc., of the business and operation covered by this Addendum Agreement or any part thereof. Such notice shall be in writing with a copy to the IUPAT Union, at the time the seller, transferor transferor, or lessor lessor, executes a contract or transaction as herein described. The IUPAT Unions shall also be advised of the exact nature of the transaction, not including financial details. In the event the Employer fails to require the purchaser, transferee transferee, or lessee to assume the obligations of this AddendumAgreement, the Employer, Employer (including partners thereof), ) shall be liable to the IUPAT Union and to the employees covered, for all damages sustained as a result of such failure to require assumption of the terms of this Addendum, Agreement but shall not be liable after the purchaser, purchaser transferee or lessee has agreed to assume the obligations of this AddendumAgreement.

Successor Clause. This Addendum, Agreement and any supplements or amendments thereto, hereinafter referred to collectively as “Addendum” Agreement”, shall be binding upon the parties hereto, their successors, administrators, executors, executors and assigns. In the event the Employeremployer’s business is, in whole or in part, sold, leased, transferred or taken over by sale, transfer, lease, assignment, receivership or bankruptcy proceeding, such business and operation shall continue to be subject to the terms and conditions of this Addendum Agreement for the life thereof. It is understood by this provision that the parties hereto shall not use any leasing or other transfer device to a third party to evade this AddendumAgreement. The Employer employer shall give notice of the existence of the existence of this Addendum Agreement and this provision to any purchaser, transferee, lessee, assignee, etc., of the business and operation covered by this Addendum Agreement or any part thereof. Such notice shall be in writing with a copy to the IUPAT Union, at the time the seller, transferor transferor, or lessor lessor, executes a contract or transaction as herein described. The IUPAT Union shall also be advised of the exact nature of the transaction, not including financial details. In the event the Employer employer fails to require the purchaser, transferee transferee, or lessee to assume the obligations of this AddendumAgreement, the Employer, employer (including partners thereof), ) shall be liable to the IUPAT Union, and to the employees covered, for all damages sustained as a result of such failure to require assumption of the terms of this Addendum, but shall not be liable after the purchaser, transferee or lessee has agreed to assume the obligations of this AddendumAgreement.