Successor Definition Example

Successor. Any Third Party that succeeds to, or has the ability to control (either immediately or with the passage of time), the Parent Company's or the Subsidiary's, as applicable, business directly, by merger, consolidation or other form of business combination, or indirectly, by purchase of the Parent Company's outstanding securities entitling the holder thereof to be allocated a portion of the Parent Company's net income, net loss or distributions or purchases of the Subsidiary's outstanding... securities ordinarily having the right to vote at the election of directors or all or substantially all of its assets or otherwise. View More