Common use of SUCCESSOR TO THE ASSOCIATION OR COMPANY Clause in Contracts

SUCCESSOR TO THE ASSOCIATION OR COMPANY. The Companies 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 Association or Company, expressly and unconditionally to assume and agree to perform all obligations under this Agreement, in the same manner and to the same extent that the Companies would be required to perform if no such succession or assignment had taken place.