Successor’s Obligations Clause Samples

Successor’s Obligations. If Landlord in any way transfers its interest in the Premises, the security deposit may transfer to the transferee thereafter releasing Landlord from all liability for the return of the security deposit to Tenant(s). If such a transfer occurs, Tenant(s) agrees to look to the transferee solely for the return of the security deposit and to release Landlord from all obligations and liability relating thereto.

Successor’s Obligations. It is agreed that all rights, remedies and liabilities hereunder given to or imposed upon either of the parties hereto, shall extend to their respective heirs, successors, executors, administrators and assigns. This provision shall not be deemed to grant TENANT any right to assign this Lease or to sublet the Premises, except as set forth in Section 7 above. TENANT acknowledges LANDLORD might not be, now or in the future, the owner of the fee interest in the Premises, Building, and/or Land. The Term "LANDLORD" as used in this Lease is hereby defined to be only the then current owner or mortgagee in possession of the Premises. In the event of any sale or sales by the then current LANDLORD hereunder to any party then, from and after the closing of such sale or Lease transaction, the Landlord whose interest is thus sold or leased shall be and hereby is completely released and forever discharged from and of all covenants, obligations and liabilities of LANDLORD hereunder thereafter accruing.

Successor’s Obligations. 4.1 The Successor warrants and represents that the Successor has good right and full power to assign the rights assigned in the manner aforesaid to the Company, and that the musical works in respect of which the Rights Assigned are hereby assigned or purported to be assigned do not or will not as the case may be infringe the copyright in any other work. 4.2 The Successor covenants with the Company that: (a) the Successor will at all times hereafter indemnify and keep the Company harmless from and against all loss, damage, costs, charges and expenses which the Company may suffer or incur in respect of any claims which may be made upon or against the Company in respect of or as a result of any exercise by the Company of any of the rights which are hereby assigned or purported to be assigned; and (b) the Successor shall and will so long as the Successor shall continue to be a member of the Company do, execute, and make all such acts, deeds, power of attorney, assignments to or vesting in the Company or enabling the Company to exercise and enforce the rights assigned or any part thereof as the Company may from time to time reasonably require. 4.3 The Successor agrees to be bound by the provisions of the Memorandum and Articles of Association of the Company and the Rules, copies of which are available on request or may be downloaded from the Company's website, ▇▇▇.▇▇▇▇.▇▇.

Successor’s Obligations. Facility will require any prospective successor to its interest to assume liability for any amounts for which Facility is indebted to BCBSM. Such assumption of liability shall be a condition, but not a guarantee, of approval of any such successor as a participating facility. Such assumption of liability shall not release Facility from the indebtedness unless an agreement to that effect is entered into between BCBSM, Facility, and any prospective successor, or the successor is a participating facility and expressly agrees to assume Facility's liabilities to BCBSM.

Successor’s Obligations. This Agreement and the rights and obligations of the parties hereunder shall inure to the benefit of, and be binding upon, their respective successors, assigns and legal representatives. The rights of Sellers under this Agreement may be assigned only to a transferee or assignee which (a) is a subsidiary, affiliate, parent, general partner, limited partner, or member of a Seller, or (b) acquires at least one hundred fifty thousand (150,000) Preferred Shares or Holdings Common Stock.

Successor’s Obligations. By written contract, Facility will bind any successor, or prospective successor to its interest, to assume liability for any amounts for which Facility is indebted to BCBSM. Such contractual assumption of liability shall be a condition, but not a guarantee, of approval of any such successor as a network facility. Such assumption of liability shall not release Facility from the indebtedness unless an agreement to that effect is entered into between BCBSM, Facility, and the successor, or unless the successor is already a network facility and has agreed in writing to assume ▇▇▇▇▇▇▇▇'s liabilities to BCBSM.

Successor’s Obligations. Subject to exclusion, exceptions and restrictions expressly set forth in this Agreement, after changing the control of any Buyer's Party, the surviving acquiring entity, or successor (APPLICABLE SUCCESSORS OF THE BUYER), and such Buyer's Party agrees to force such party to agree in writing (whether within the framework of the acquisition agreement with the Buyer's Party, which provides that the Criminal Code is the beneficiary of a third party or in a separate agreement) to assume this Agreement and be obliged, in relation to itself and its Affiliates, 3.3

Successor’s Obligations. The grants, covenants, provisos and claims, rights, powers, privileges and liabilities obtained in the contract documents shall be read and held as made by and with, and granted to an imposed upon, the Contractor and the Owner and their respective heir, executors, administrations, successors and assigns.