Common use of Successor Party Clause in Contracts

Successor Party. The Company shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the Business and/or assets of the Company (a "Successor") 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 it. If no such agreement prior to or simultaneously with the effectiveness of any such succession is executed and delivered to Mattxxx, xxch failure shall constitute a material breach of this Agreement. Mattxxx xxxees that the assumption by any successor party of the duties and responsibilities of the Company under this Agreement shall relieve the Company of any and all duties or responsibilities under this Agreement. Moreover, such a successor party to this Agreement shall have all rights currently afforded the Company or its Board of Directors under this Agreement.

Successor Party. The Company shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the Business and/or assets of the Company (a "Successor") 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 it. If no such agreement prior to or simultaneously with the effectiveness of any such succession is executed and delivered to MattxxxCostxxxx, xxch failure shall constitute a material breach of this Agreement. Mattxxx Costxxxx xxxees that the assumption by any successor party of the duties and responsibilities of the Company under this Agreement shall relieve the Company of any and all duties or responsibilities under this Agreement. Moreover, such a successor party to this Agreement shall have all rights currently afforded the Company or its Board of Directors under this Agreement.

Successor Party. The Company shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the Business and/or assets of the Company (a "Successor") 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 it. If no such agreement prior to or simultaneously with the effectiveness of any such succession is executed and delivered to MattxxxWombxxx, xxch failure shall constitute a material breach of this Agreement. Mattxxx Wombxxx xxxees that the assumption by any successor party of the duties and responsibilities of the Company under this Agreement shall relieve the Company of any and all duties or responsibilities under this Agreement. Moreover, such a successor party to this Agreement shall have all rights currently afforded the Company or its Board of Directors under this Agreement.

Successor Party. The Company shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the Business and/or assets of the Company (a "Successor") 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 it. If no such agreement prior to or simultaneously with the effectiveness of any such succession is executed and delivered to MattxxxMagro, xxch such failure shall constitute a material breach of this Agreement. Mattxxx xxxees Magro agrees that the assumption by any successor party of the duties and responsibilities of the Company under this Agreement shall relieve the Company of any and all duties or responsibilities under this Agreement. Moreover, such a successor party to this Agreement shall have all rights currently afforded the Company or its Board of Directors under this Agreement.

Successor Party. The Company shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the Business and/or assets of the Company (a "Successor") 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 it. If no such agreement prior to or simultaneously with the effectiveness of any such succession is executed and delivered to MattxxxShulxx, xxch failure shall constitute a material breach of this Agreement. Mattxxx Shulxx xxxees that the assumption by any successor party of the duties and responsibilities of the Company under this Agreement shall relieve the Company of any and all duties or responsibilities under this Agreement. Moreover, such a successor party to this Agreement shall have all rights currently afforded the Company or its Board of Directors under this Agreement.