Common use of Acquisition entity Clause in Contracts

Acquisition entity. 2.3.1 ASML may designate a (to be incorporated) wholly-owned Subsidiary to be the purchasing entity (the "Purchaser") of the Shares in the Share Swap by giving Notice to HMI, provided such Notice is given within fourteen (14) days of the Signing Date. 2.3.2 If ASML designates a wholly-owned Subsidiary to be the Purchaser in accordance with Clause 2.3.1: the Purchaser will be admitted to this Agreement as a new and additional party, provided that (a) ASML remains a direct party to this Agreement and (b) ASML shall be fully liable for all actions and/or inactions of the Purchaser as if ASML were the Purchaser; and the Parties will cooperate to take such corporate action as may be reasonably required as a result of such designation.