Common use of Successors and Beneficiaries Clause in Contracts

Successors and Beneficiaries. (a) Successors and Assigns of 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 Company, expressly and unconditionally to assume and agree to perform or cause to be performed Company's obligations under this Agreement. In any such event, the term "Company," as used herein shall mean Company, as defined in Section 1 hereof, and any such successor or assignee.

Successors and Beneficiaries. (a) Successors and Assigns of 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 Company, expressly and unconditionally to assume and agree to perform or cause to be performed Company's ’s obligations under this Agreement. In any such event, the term "“Company," ” as used herein shall mean Company, as defined in Section 1 hereof, and any such successor or assignee.