Common use of Successor Corporations Clause in Contracts

Successor Corporations. (a) The Corporation shall not enter into any transaction whereby all or substantially all of its undertaking, property and assets would become the property of any other corporation (herein called a "successor corporation") whether by way of reorganization, reconstruction, consolidation, amalgamation, merger, transfer, sale, disposition or otherwise, unless prior to or contemporaneously with the consummation of such transaction the Corporation and the successor corporation shall have executed such instruments and done such things as the Corporation, acting reasonably, considers necessary or advisable to establish that upon the consummation of such transaction:

Appears in 4 contracts

Samples: Debt Settlement Agreement (TerrAscend Corp.), Debt Settlement Agreement (TerrAscend Corp.), TerrAscend Corp.

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