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

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

Appears in 4 contracts

Samples: Employment Agreement (Klamath First Bancorp Inc), Employment Agreement (Klamath First Bancorp Inc), Employment Agreement (Firstspartan Financial Corp)

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

Appears in 1 contract

Samples: Employment Agreement (Heritage Bancorp Inc /Sc/)

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