Common use of Transfer to Subsidiary Clause in Contracts

Transfer to Subsidiary. Notwithstanding anything in this Section 3.4 to the contrary, Purchaser may transfer and assign its rights and obligations under this Agreement to one or more of its Wholly-owned Subsidiaries, provided that any such Subsidiary shall agree to become bound by the terms of this Agreement, including the representations and warranties contained in this Section 3.4, and provided, further that Purchaser shall remain liable for the performance of its obligations hereunder notwithstanding any such assignment.

Appears in 3 contracts

Samples: Debenture Purchase Agreement (Altris Software Inc), Convertible Preferred Stock Purchase Agreement (Altris Software Inc), Convertible Preferred Stock Purchase Agreement (Vista Information Solutions Inc)

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Transfer to Subsidiary. Notwithstanding anything in this Section 3.4 3.3 to the contrary, Purchaser may transfer and assign to its rights and obligations under this Agreement to one or more of its Whollywholly-owned Subsidiariessubsidiaries, provided that any such Subsidiary subsidiary shall agree to become bound by have executed an investment letter containing the terms of this Agreementrepresentations, including the representations and warranties contained in this Section 3.4, 3.3 and provided, further that Purchaser shall remain liable for acknowledging the performance restrictions contained in Sections 8.1 and 8.2 of its obligations hereunder notwithstanding any such assignmentthis Agreement.

Appears in 1 contract

Samples: Debenture Purchase Agreement (Teltronics Inc)

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