Harris Texas Subsidiary Assumption Agreement

• Category: Corporations - Public - Assumption
• State: Multi-State
• County: Harris
• Control #: US-EG-9213
• Format: Word; Rich Text

Description

Qualified Subsidiary Assumption Agreement between Sprint Corporation, France Telecom and Deutsche Telecom AG regarding acquiring of shares from a Class A holder dated November 23, 1998. 2 pages. Harris Texas Subsidiary Assumption Agreement is a legal document that outlines the transfer of liabilities and responsibilities from one subsidiary company to another within the Harris Corporation conglomerate, anchored in Texas. This agreement serves as a mechanism to ensure smooth transition and continuity of operations when a subsidiary is acquired, merged, or divested. The Harris Texas Subsidiary Assumption Agreement typically highlights the details of the transaction, including the effective date, the names of the involved entities, and the specific subsidiaries involved. It clarifies the liabilities, debts, contracts, agreements, and obligations that will be assumed by the acquiring or parent company, relieving the subsidiary from any further burden. There may be different types of Harris Texas Subsidiary Assumption Agreements based on the nature of the corporate action. Some common types include: 1. Merger Assumption Agreement: This agreement is executed when a subsidiary merges with another entity, and all its assets, liabilities, and obligations are assumed by the surviving company, ensuring a consolidated continuity of operations. 2. Acquisition Assumption Agreement: This type of agreement is signed when a subsidiary is acquired by another company. It outlines the transfer of specific assets, liabilities, and obligations to the acquiring entity, protecting both parties' rights and defining the scope of the transfer. 3. Divestiture Assumption Agreement: In the event of a divestiture, where Harris Texas intends to sell off a subsidiary, this agreement details the transfer of liabilities and obligations to the acquiring entity, ensuring a clean break and minimizing potential legal disputes. 4. Spin-Off Assumption Agreement: A spin-off occurs when a subsidiary is separated from the parent company and operates as an independent entity. This agreement ensures a smooth transition by outlining the liabilities and obligations the spin-off entity will assume, allowing for a successful establishment and operation. The Harris Texas Subsidiary Assumption Agreement is carefully drafted by legal professionals and is subject to the regulatory compliance of the applicable jurisdictions. It plays a crucial role in legally transferring responsibilities and ensuring proper record-keeping during corporate transitions within the Harris Corporation subsidiary network in Texas.

Harris Texas Subsidiary Assumption Agreement is a legal document that outlines the transfer of liabilities and responsibilities from one subsidiary company to another within the Harris Corporation conglomerate, anchored in Texas. This agreement serves as a mechanism to ensure smooth transition and continuity of operations when a subsidiary is acquired, merged, or divested. The Harris Texas Subsidiary Assumption Agreement typically highlights the details of the transaction, including the effective date, the names of the involved entities, and the specific subsidiaries involved. It clarifies the liabilities, debts, contracts, agreements, and obligations that will be assumed by the acquiring or parent company, relieving the subsidiary from any further burden. There may be different types of Harris Texas Subsidiary Assumption Agreements based on the nature of the corporate action. Some common types include: 1. Merger Assumption Agreement: This agreement is executed when a subsidiary merges with another entity, and all its assets, liabilities, and obligations are assumed by the surviving company, ensuring a consolidated continuity of operations. 2. Acquisition Assumption Agreement: This type of agreement is signed when a subsidiary is acquired by another company. It outlines the transfer of specific assets, liabilities, and obligations to the acquiring entity, protecting both parties' rights and defining the scope of the transfer. 3. Divestiture Assumption Agreement: In the event of a divestiture, where Harris Texas intends to sell off a subsidiary, this agreement details the transfer of liabilities and obligations to the acquiring entity, ensuring a clean break and minimizing potential legal disputes. 4. Spin-Off Assumption Agreement: A spin-off occurs when a subsidiary is separated from the parent company and operates as an independent entity. This agreement ensures a smooth transition by outlining the liabilities and obligations the spin-off entity will assume, allowing for a successful establishment and operation. The Harris Texas Subsidiary Assumption Agreement is carefully drafted by legal professionals and is subject to the regulatory compliance of the applicable jurisdictions. It plays a crucial role in legally transferring responsibilities and ensuring proper record-keeping during corporate transitions within the Harris Corporation subsidiary network in Texas.