Common use of Agreement Binding; Successors and Assigns Clause in Contracts

Agreement Binding; Successors and Assigns. 14.1 This Agreement shall inure to the benefit of, and be binding upon, the parties hereto, their permitted assigns, if any, and, but only by operation of law, their respective next of kin, legatees, administrators, executors, legal representatives, and successors (including remote, as well as immediate, successors to such parties, but only by operations of law). In applying any provision of this Agreement with respect to any successor or assign of the Company, such provision shall be applied by treating such successor or assign as the "Company" referred to in this Agreement, unless such treatment would be clearly inappropriate. The principle of the preceding sentence shall not, except as otherwise specifically provided in other provisions of this Agreement, apply to any successor or assign of Executive or Executive's Beneficiary.