Company Successor definition

Company Successor has the meaning specified in Section 6.2.

Company Successor means any Person who succeeds (by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company.

Company Successor. Any surviving entity or subsequent surviving entity of the Company.

Examples of Company Successor in a sentence

• Upon execution of such assignment and assumption agreement, the assigning Company shall be relieved of all liability accruing after the effective date of the assignment and assumption agreement, and, without further action by Property Manager or Successor Company, Successor Company shall become a party to this Agreement and shall be treated as “Company” for all purposes hereunder as to its respective percentage interest in the Property.

• The Company will have the right to assign this Agreement and its rights, interests, duties and obligations hereunder to any Company Successor (as defined below).

• Notwithstanding the foregoing and for purposes of clarification, the term “Event of Sale” shall not include any transaction involving the Corporation and the Shell Company Successor that is described in clause (iii) of the Shell Company Successor definition set forth below.

• No director, officer, employee, incorporator or stockholder of the Company, any Successor Company or any Guarantor (other than in the case of stockholders of any Guarantor, the Company, Successor Company or another Guarantor) shall have any liability for any obligations of the Company, Successor Company or the Guarantors under the Notes, the Guarantees and the Indenture or for any claim based on, in respect of, or by reason of such obligations or their creation.

• No director, officer, employee, incorporator or stockholder of the Company, any Successor Company or any Guarantor (other than in the case of stockholders of any Guarantor, the Company, Successor Company or another Guarantor) shall have any liability for any obligations of the Company, Successor Company or the Guarantors under the Notes, the Guarantees and this Indenture or for any claim based on, in respect of, or by reason of such obligations or their creation.

More Definitions of Company Successor

Company Successor is defined in Section 10.2(a).

Company Successor is defined in Section 19(a).

Company Successor shall have the meaning given to such term in Section 23(a).

Company Successor has the meaning set out in Section 8.2(c)(ii)(A); “Demand Distribution” has the meaning set out in Section 2.1(a); “Demand Notice” has the meaning set out in Section 2.1(a); “Director” means a director of the Board;

Company Successor means (a) any corporation resulting from any merger, consolidation or other reorganization to which the Company is a party or (b) any corporation, partnership, association or other person or entity to which the Company may transfer all or substantially all of the assets and business. The Executive agrees that this Agreement may be transferred or assigned by the Company to the Company Successor. Any Company Successor shall succeed to the rights and obligations of the Company hereunder and shall be bound by the terms of this Agreement. If all or substantially all of the outstanding voting stock of the Company is transferred to another corporation, partnership, association or other person or entity, the Company, at the request of the Executive, will reaffirm in writing it's obligations under this Agreement. This Agreement is not assignable by the Executive. The Company agrees that it will require any Company Successor (as a condition to any transaction described in this Section) to expressly assume and agree to perform this Agreement, including (without limitation) payment of the amounts set forth in Section 7 above.

Company Successor has the meaning set forth in the preamble to this Agreement.

Company Successor has the meaning ascribed thereto in Section 4.2.