Common use of Assignment to Subsidiaries Clause in Contracts

Assignment to Subsidiaries. At their discretion, Huntington may cause the obligations of Sellers under this Agreement to be fulfilled by their respective banking and corporate subsidiaries. Upon identification by Huntington of the subsidiaries to be considered a Seller, Huntington shall cause those subsidiaries to enter into such agreements as may be necessary to bind those subsidiaries as additional parties to this Agreement.

Appears in 1 contract

Sources: Purchase and Assumption Agreement (First Shares Bancorp Inc)

Assignment to Subsidiaries. At their its discretion, Huntington may cause the obligations of Sellers under this Agreement to be fulfilled by their respective its banking and corporate subsidiaries. Upon identification by Huntington of the subsidiaries to be considered a Seller, Huntington shall cause those subsidiaries that subsidiary to enter into such agreements as may be necessary to bind those subsidiaries as additional parties to this Agreement.

Appears in 1 contract

Sources: Purchase and Assumption Agreement (First United Corp/Md/)

Assignment to Subsidiaries. At their its discretion, Huntington may cause the obligations of Sellers under this Agreement to be fulfilled by their its respective banking and corporate subsidiaries; provided that no such actions shall relieve Sellers of any of their obligations hereunder. Upon identification by Huntington of the subsidiaries to be considered a Seller, Huntington shall cause those subsidiaries to enter into such agreements as may be necessary to bind those subsidiaries as additional parties to this Agreement.

Appears in 1 contract

Sources: Purchase and Assumption Agreement (Huntington Bancshares Inc/Md)