Common use of Assignment and Successors and Assigns Clause in Contracts

Assignment and Successors and Assigns. (a) The rights and obligations contained in this Agreement shall not be assigned by any Party without the prior written consent of the other Parties to this Agreement, and any such action without the required consent shall be void ab initio. (b) This Agreement shall bind and inure to the benefit of the Parties and any permitted successors or assigns to the original Parties to this Agreement, but such assignment shall not relieve any Party of any obligations incurred prior to such assignment.

Appears in 2 contracts

Samples: Contribution Agreement (Blackstone Holdings III L.P.), Contribution Agreement (Altus Midstream Co)

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Assignment and Successors and Assigns. (a) The rights and obligations contained in this Agreement shall not be assigned by any Party without the prior written consent of the other Parties to this Agreement, and any such action without the required consent shall be void ab initio; provided, however, that Contributor may assign its rights and obligations contained in this Agreement to an Affiliate of Contributor without Buyer’s prior written consent. (b) This Agreement shall bind and inure to the benefit of the Parties and any permitted successors or assigns to the original Parties to this Agreement, but such assignment shall not relieve any Party of any obligations incurred prior to such assignment.

Appears in 1 contract

Samples: Contribution Agreement (Kayne Anderson Acquisition Corp)

Assignment and Successors and Assigns. (a) a. The rights and obligations contained in this Agreement shall not be assigned by any Party party hereto without the prior written consent of the other Parties parties to this Agreement, and any such action without the required consent shall be void ab initio. (b) b. This Agreement shall bind and inure to the benefit of the Parties parties hereto and any permitted successors or assigns to the original Parties parties to this Agreement, but such assignment shall not relieve any Party party of any obligations incurred prior to such assignment.

Appears in 1 contract

Samples: Tag Right Agreement (Blackstone Holdings III L.P.)

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Assignment and Successors and Assigns. (a) The rights and obligations contained in this Agreement shall not be assigned by any Party without the prior written consent of the other Parties Party to this Agreement, and any such action without the required consent shall be void ab initio. (b) This Agreement shall bind and inure to the benefit of the Parties and any permitted successors or assigns to the original Parties to this Agreement, but such assignment shall not relieve any Party of any obligations incurred prior to such assignment.

Appears in 1 contract

Samples: Contribution Agreement (Penn Virginia Corp)

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