SUCCESSORS AND ASSIGNS CLAUSE Sample Clauses

A Successors and Assigns Clause establishes that the rights and obligations under a contract are binding on, and benefit, not only the original parties but also their successors and permitted assigns. In practice, this means that if a party to the contract is replaced by another entity through merger, acquisition, or assignment, the new entity will inherit the contractual responsibilities and benefits. This clause ensures continuity and enforceability of the agreement even if ownership or control of a party changes, thereby preventing parties from escaping their obligations through transfer or restructuring.
SUCCESSORS AND ASSIGNS CLAUSE. This Agreement and the agreements, restrictions, and provisions herein contained shall inure to the benefit of and be binding upon the heirs, legal representatives, successors and assigns of the parties hereto and on all parties, assigns, and successors.
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SUCCESSORS AND ASSIGNS CLAUSE. 35.01 The parties recognize that in the event of a transaction involving the sale of the Company’s stock, the Collective Bargaining Agreement will remain completely intact and binding on the Employer and the Union by operation of law. In the event of any other sale, transfer, or other assignment of the Company, a business, or operation, the parties’ Collective Bargaining Agreement shall be binding on, without limitation, any buyer, assignee, transferee or other NLRA defined successor. The Company will not sell, transfer, or otherwise assign the Company or any business or operation of the Company without first (1st) requiring any buyer, transferee, assignee, or successor to assume the parties’ Collective Bargaining Agreement and to maintain that Agreement with all of its terms and conditions. At least thirty (30) days prior to the effective date of any sale, transfer, or assignment, the Company will notify the Union, in writing, that it has provided notice to any buyer, transferee, assignee, or successor of this clause, and that such party has agreed to the terms of this clause as a condition of sale, transfer, or assignment.
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SUCCESSORS AND ASSIGNS CLAUSE. This Agreement shall be binding upon the Company herein, and its successors and assigns, and no provision herein contained, shall be nullified or affected in any man- ner as a result of any consolidation, sale, transfer, or assignment, or any other form of business or by any change geographical or otherwise, in the location of the Company herein. The Company agrees an Agreement has been entered into, as a result of which this Agreement shall continue to be binding on the person or persons or any business continuing the It is the intent of the parties that this Agreement shall remain in effect for the full term thereof, regardless of any kind of change, of any kind, in management, location, form of business, or owner- ship.
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SUCCESSORS AND ASSIGNS CLAUSE. This agreement is binding upon the parties, their successors and assigns in accordance with their rights and obligations under the law. West Hershey Skill Block Labor Rates For Employees Hired Before June 4, 2010 New Rate 10/31/ 2016 10/30/ 2017 10/29/ 2018 11/4/ 2019 11/2/ 2020 11/1/ 2021 Wrapper $1.18 $1.21 $1.24 $1.27 $1.30 $1.33 Line Support $0.77 $0.79 $0.81 $0.83 $0.85 $0.87 Bagging / Packing $1.16 $1.19 $1.22 $1.25 $1.28 $1.31 Line 1 $0.94 $0.96 $0.98 $1.00 $1.03 $1.06 Line 2 $0.94 $0.96 $0.98 $1.00 $1.03 $1.06 Paste $0.69 $0.71 $0.73 $0.75 $0.77 $0.79 Fuge/MW/Rework $0.55 $0.56 $0.57 $0.58 $0.59 $0.60 Line 3 $0.94 $0.96 $0.98 $1.00 $1.03 $1.06 Line 4/5 $0.94 $0.96 $0.98 $1.00 $1.03 $1.06 Paste $0.69 $0.71 $0.73 $0.75 $0.77 $0.79 Fuge/MW/Rework $0.55 $0.56 $0.57 $0.58 $0.59 $0.60 Wrapper $1.00 $1.03 $1.06 $1.09 $1.12 $1.15 Bagger $1.00 $1.03 $1.06 $1.09 $1.12 $1.15 Rework $0.45 $0.46 $0.47 $0.48 $0.49 $0.50 Wrapper $1.48 $1.52 $1.56 $1.60 $1.64 $1.68 Packing $0.97 $0.99 $1.01 $1.04 $1.07 $1.10 Line 1 operator $1.55 $1.59 $1.63 $1.67 $1.71 $1.75 Line 2 operator $1.56 $1.60 $1.64 $1.68 $1.72 $1.76 Line 3 operator $1.55 $1.59 $1.63 $1.67 $1.71 $1.75 Line 4/5 operator $1.56 $1.60 $1.64 $1.68 $1.72 $1.76 Evaporation $0.80 $0.82 $0.84 $0.86 $0.88 $0.90 Pasteurization $0.55 $0.56 $0.57 $0.58 $0.59 $0.60 Milk receiving $0.76 $0.78 $0.80 $0.82 $0.84 $0.86 Control Room $1.33 $1.36 $1.39 $1.42 $1.46 $1.50 Drying $0.80 $0.82 $0.84 $0.86 $0.88 $0.90 Refining $0.81 $0.83 $0.85 $0.87 $0.89 $0.91 Rail shed $0.77 $0.79 $0.81 $0.83 $0.85 $0.87 Control Room $1.33 $1.36 $1.39 $1.42 $1.46 $1.50 Material Handling $0.51 $0.52 $0.53 $0.54 $0.55 $0.56 Refining $0.49 $0.50 $0.51 $0.52 $0.53 $0.54 Control Room $0.44 $0.45 $0.46 $0.47 $0.48 $0.49 Shipping $1.04 $1.07 $1.10 $1.13 $1.16 $1.19 Receiving $1.04 $1.07 $1.10 $1.13 $1.16 $1.19 Warehousing $1.03 $1.06 $1.09 $1.12 $1.15 $1.18 Shipping $1.12 $1.15 $1.18 $1.21 $1.24 $1.27 Receiving $1.12 $1.15 $1.18 $1.21 $1.24 $1.27 Warehousing $1.12 $1.15 $1.18 $1.21 $1.24 $1.27 Shipping $1.21 $1.24 $1.27 $1.30 $1.33 $1.36 Receiving $1.21 $1.24 $1.27 $1.30 $1.33 $1.36 Warehousing $1.22 $1.25 $1.28 $1.31 $1.34 $1.37 Shipping $1.18 $1.21 $1.24 $1.27 $1.30 $1.33 Shipping $1.16 $1.19 $1.22 $1.25 $1.28 $1.31 Storeroom $1.87 $1.92 $1.97 $2.02 $2.07 $2.12 Basic Mechanical $0.62 $0.64 $0.66 $0.68 $0.70 $0.72 Troubleshoot $0.62 $0.64 $0.66 $0.68 $0.70 $0.72 Weld/Sheetmetal $0.62 $0.64 $0.66 $0.68 $0.70 $0.72 Machine Shop $0.62 $0.64 $0.66 $0.68 ...
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SUCCESSORS AND ASSIGNS CLAUSE. This Agreement shall be binding upon and inure to the benefits of the parties hereto, their successors and assigns.
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SUCCESSORS AND ASSIGNS CLAUSE. This Agreement shall be binding upon the Company herein, and its successors and assigns, and no provision herein contained, shall be nullified or affected in any manner as a result of any consolidation, sale, transfer, or assignment, or any other form of business organization, or by any change geographical or otherwise, in the location of the Company herein. The Company agrees an Agreement has been entered into, as a result of which this Agreement shall continue to be binding on the person or persons or any business organization continuing the business. It is the intent of the parties that this Agreement shall remain in effect for the full term thereof, regardless of any kind of change, of any kind, in management, location, form of business, organization or ownership. Any complaint, disagreement, or difference of opinion between the parties hereto concerning the interpretation, application and operation, or any alleged violation of the terms of this Agreement, shall be considered a grievance. All grievances not presented to the Company within thirty (30) calendar days from the date the grievance arose, shall be waived. It is further agreed that fourteen (14) calendar days shall apply with respect to grievances concerning the dismissal of any employee.
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Related to SUCCESSORS AND ASSIGNS CLAUSE

  • Successors and Assigns Bound This Instrument shall bind, and the rights granted by this Instrument shall inure to, the respective successors and assigns of Lender and Borrower. However, a Transfer not permitted by Section 21 shall be an Event of Default.

  • Survival; Successors and Assigns This Agreement and all covenants, agreements, representations and warranties made herein and in the certificates delivered pursuant hereto shall survive the making by Lender of the Loan and the execution and delivery to Lender of the Note, and shall continue in full force and effect so long as all or any of the Obligations are outstanding and unpaid unless a longer period is expressly set forth herein or in the other Loan Documents. Whenever in this Agreement any of the parties hereto is referred to, such reference shall be deemed to include the legal representatives, successors and assigns of such party. All covenants, promises and agreements in this Agreement, by or on behalf of Borrower, shall inure to the benefit of the legal representatives, successors and assigns of Lender.

  • Successors and Assigns Generally The provisions of this Agreement and the other Loan Documents shall be binding upon and inure to the benefit of the parties hereto and thereto and their respective successors and assigns permitted hereby, except that the Borrower may not assign or otherwise transfer any of its rights or obligations hereunder or thereunder without the prior written consent of the Administrative Agent and each Lender and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an assignee in accordance with the provisions of subsection (b) of this Section, (ii) by way of participation in accordance with the provisions of subsection (d) of this Section or (iii) by way of pledge or assignment of a security interest subject to the restrictions of subsection (f) of this Section (and any other attempted assignment or transfer by any party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in subsection (d) of this Section and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent, the L/C Issuer and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.

  • Governing Law; Successors and Assigns This Agreement shall be governed by the laws of the State of New York and shall not be assignable by either party, but shall bind the successors in interest of the Customer and the Bank.

  • Successors and Assigns; Third Parties This Agreement is intended to bind and inure to the benefit of the Parties and their respective successors and permitted assigns, as applicable. There are no third party beneficiaries under this Agreement, and the rights or obligations of any Party under this Agreement may not be assigned, delegated, or transferred to any other person or entity.