Successor to Bank. The Bank shall require any successor or assignee, whether direct or indirect, by purchase, merger, consolidation or otherwise, to all or substantially all of the business or assets of the Bank or the Holding Company, expressly and unconditionally to assume and agree to perform the Bank’s obligations under this Agreement, in the same manner and to the same extent that the Bank would be required to perform if no such succession or assignment had taken place.
Appears in 7 contracts
Samples: Change in Control Agreement (Hampden Bancorp, Inc.), Change in Control Agreement (Hampden Bancorp, Inc.), Employment Agreement (Hampden Bancorp, Inc.)
Successor to Bank. The Bank shall require any successor or assignee, (whether direct or indirect, by purchase, merger, consolidation or otherwise, ) to all or substantially all of the business or assets of the Bank or the Holding Company, expressly and unconditionally to assume and agree to perform the Bank’s obligations under this Agreement, in the same manner and Agreement to the same extent that the Bank would be required to perform it if no such succession or assignment had taken place. Failure of the Bank to obtain an assumption of this Agreement at or prior to the effectiveness of any succession shall be a material breach of this Agreement.
Appears in 4 contracts
Samples: Employment Agreement (Merchants Bancshares Inc), Employment Agreement (Merchants Bancshares Inc), Employment Agreement (Merchants Bancshares Inc)
Successor to Bank. The Bank shall require any successor or assignee, assign (whether direct or indirect, by purchase, merger, consolidation or otherwise, ) to all or substantially substantially, all of the business or assets of the Bank or the Holding Company, expressly and unconditionally to assume and agree to perform the Bank’s obligations under this Agreement, in the same manner and to the same extent that the Bank would be required to perform if no such succession or assignment had taken place.of
Appears in 2 contracts
Samples: Executive Transition Agreement (First Ulb Corp.), Executive Transition Agreement (First Ulb Corp.)
Successor to Bank. The Bank shall require any successor or assignee, whether direct or indirect, by purchase, merger, consolidation or otherwise, to all or substantially all of the business or assets of the Bank or the Holding Company, expressly and unconditionally to assume and agree to perform the Bank’s 's obligations under this Agreement, in the same manner and to the same extent that the Bank would be required to perform if no such succession or assignment had taken place.
Appears in 2 contracts
Samples: Employment Agreement (Hampden Bancorp, Inc.), Change in Control Agreement (Hampden Bancorp, Inc.)
Successor to Bank. The Bank shall require any successor or assignee, (whether direct or indirect, by purchase, merger, consolidation or otherwise, ) to all or substantially all of the business or assets of the Bank or the Holding Company, expressly and unconditionally to assume and agree to perform the Bank’s obligations under this Agreement, in the same manner and Agreement to the same extent that the Bank would be required to perform if no such succession or assignment had taken place.9
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Successor to Bank. The Bank shall require any successor or assignee, (whether direct diect or indirect, by purchase, merger, consolidation or otherwise, ) to all or substantially all of the business or assets of the Bank or the Holding Company, expressly and unconditionally to assume and agree to perform the Bank’s obligations under this Agreement, in the same manner and Agreement to the same extent that the Bank would be required to perform it if no such succession or assignment had taken place. Failure of the Bank to obtain an assumption of this Agreement at or prior to the effectiveness of any succession shall be a material breach of this Agreement.
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