SUCCESSOR TO CORPORATION. The Corporation shall require any successor or assignee, whether direct or indirect, by purchase, merger, consolidation or otherwise, to all or substantially all the business or assets of the Corporation, expressly and unconditionally to assume and agree to perform the Corporation's obligations under this Agreement, in the same manner and to the same extent that the Corporation would be required to perform if no such succession or assignment had taken place. In such event, the term "Corporation," as used in this Agreement, shall mean (from and after, but not before, the occurrence of such event) the Corporation as herein before defined and any successor or assignee to the business or assets which by reason hereof becomes bound by the terms and provisions of this Agreement.
Appears in 4 contracts
Samples: Employment Agreement (Total Entertainment Restaurant Corp), Employment Agreement (Total Entertainment Restaurant Corp), Employment Agreement (Total Entertainment Restaurant Corp)
