Common use of SUCCESSOR TO THE BANK Clause in Contracts

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

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

SUCCESSOR TO THE BANK. (a) The Savings Bank 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 Savings Bank or the Holding Company, expressly and unconditionally to assume and agree to perform the Savings Bank's obligations under this Agreement, in the same manner and to the same extent that the Savings bank Bank would be required to perform if no such succession or assignment had taken place.