Successorship and Mergers. 1. This Agreement shall be binding upon any successor or assign of the Company unless and until changed in accordance with the provisions of the Railway Labor Act, as amended. For purposes of this paragraph, a successor or assign shall be defined as an entity which acquires all or substantially all of the assets or equity of the Company through a single transaction or multi-step related transactions.
Successorship and Mergers. A. Recognition
Successorship and Mergers. The purpose of this subsection is to ensure, that the privileges and benefits gained through the collective bargaining process with the Company are preserved and that any and all successors or assigns are bound by the provisions of this Agreement, as a result of any corporate transactions of the Company and that the provisions of this Agreement shall not be abrogated by such corporate transactions.
