Common use of Successor is Deemed Included in All References to Predecessor Clause in Contracts

Successor is Deemed Included in All References to Predecessor. Whenever either the District or the Bank is named or referred to herein, such reference shall be deemed to include the successor to the powers, duties and functions that are presently vested in the District or the Bank, and all agreements and covenants required hereby to be performed by or on behalf of the District or the Bank shall bind and inure to the benefit of the respective successors thereof whether so expressed or not.

Appears in 3 contracts

Sources: Installment Purchase Agreement, Installment Purchase Agreement, Installment Purchase Agreement

Successor is Deemed Included in All References to Predecessor. Whenever either the District or the Bank is named or referred to herein, such reference shall be deemed to include the successor to the powers, duties and functions that are presently vested in the District or the Bank, and all agreements and covenants required hereby to be performed by or on behalf of the District or the Bank shall bind and inure to the benefit of the respective successors thereof whether so expressed or not.

Appears in 1 contract

Sources: Installment Purchase Contract