Continuity of Obligations Clause Samples

Continuity of Obligations. 14.1 All of Party A’s obligations hereunder shall continue and be binding to Party A’s successors, designees, transferees and all surviving entities after merger, reorganization and change of names, and shall not be subject to any dispute, claims, orders from superiors, provisions of Party A’s contracts with other parties, nor shall they be affected by the debtor’s bankruptcy, loss of ability to repay the debt or of business qualifications or any other events.

Continuity of Obligations. All obligations and joint and several liabilities of Party A hereunder shall be continuous and shall have full binding force upon its successor, receiver, assignee and the subject after change of form of organization or name, combination or separation. Such obligations and liabilities shall never be affected by any dispute, claim and the legal proceeding and any directive of the superior units and any contract and document concluded between Party A under the main contract and any natural person or legal person or be changed due to the bankruptcy or reorganization of Party A, insolvency, deprivation of corporate capacity, change of the articles of association and any modification in essence.

Continuity of Obligations. All the provisions of this Agreement shall remain in full force and effect notwithstanding Closing (except insofar as they set out obligations that have been fully performed at Closing).

Continuity of Obligations. All obligations of Party A under this Contract shall be continuous and binding on its successors, receivers, assignees and their subjects after merger, reorganization and name change, and shall not be affected by any disputes, claims and legal procedures, any instructions of superior units, any contracts and documents signed between Party A and any natural or legal person, and shall not be changed due to Party A’s bankruptcy, inability to repay debts, loss of enterprise qualification, change of articles of association and any essential changes.

Continuity of Obligations. The obligations and liability limitations under this Article 15 shall survive termination of the Agreement.

Continuity of Obligations. All the obligations of the Borrower hereunder are continuous, and they are fully and equally binding on the Borrower’s heirs, agents, receivers, assignees and their entities after merger, reorganization, name change, etc.

Continuity of Obligations. All obligations in the IOU under this contract shall be of continuity, and shall have full and equal bonding force to its heirs, agents, receiver, assignee and subject after merger, restructure, change in name.

Continuity of Obligations. Save as expressly provided in any Agreement, the termination and/or cancellation of any Agreement or any Account will be without prejudice to the completion of Transactions already initiated or to any liability (actual or contingent) already incurred by the Customer to the Bank. Any termination or cancellation shall also not affect provisions relating to taxes, fees and charges, indemnities, liabilities of the Customer and the powers of the Bank set out in the Agreement, which provisions shall survive the termination of any Agreement or Account.

Continuity of Obligations. (a) Developer acknowledges that the Village has entered into this Agreement in reliance on the Developer’s representation that Developer will construct the Project and pay real estate taxes on the Subject Property for the term of this Agreement. Developer restates that representation. Developer’s obligations under this Agreement shall constitute covenants running with the land. This covenant shall be released upon the termination of this Agreement or upon agreement of the parties. (b) Any transfer or assignment of all or any interest in the Property by Developer (including the beneficial interest under a land trust) after Final Completion and occupancy shall be submitted to the Village for its reasonable approval. Provided, however, no Village approval shall be required for transfer to the Property to an affiliate or subsidiary of Developer or to any entity controlling, controlled by or under common control with Developer. In evaluating any requests by Developer to transfer any interest in the Property, Village may require Developer to provide to Village evidence that the proposed transferee is a “going concern” and sufficient evidence of creditworthiness so Village may determine whether such transferee could fulfill the remaining obligations undertaken by Developer in this Agreement. Such obligations include, but are not limited to, operation and maintenance of the Project. Such transferee shall provide to Village any other documentation reasonably required by Village to demonstrate financial responsibility. Such transferee shall state its acceptance, in writing, of the terms of this Agreement as a covenant running with the land. If the Village determines that the proposed transferee can fulfill the remaining obligations undertaken by the Developer, the Village shall be required to consent to the transfer. If the Village consents to a transfer and the proposed transferee has accepted the terms of this Agreement as a covenant running with the land, Developer shall be relieved of any further obligations under this Agreement. (c) Developer’s obligations under this Agreement include payment when due of all real estate taxes assessed against the Property and maintaining an ongoing business concern on the Property.