Common use of Assignment; Binding Effect; Third Party Beneficiaries Clause in Contracts

Assignment; Binding Effect; Third Party Beneficiaries. No party hereto may assign any of its rights or obligations under this Agreement without the prior written consent of the other party hereto, and any purported assignment without such consent shall be void. This Agreement shall be binding on and inure solely to the benefit of the parties hereto, and their respective heirs, executors, administrators, successors and permitted assignees. Nothing in this Agreement, express or implied, is intended to confer upon any person other than the parties hereto and their respective permitted successors and assigns any rights or remedies of any nature whatsoever under or by reason of this Agreement.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Air Transport Services Group, Inc.), Securities Purchase Agreement (Red Mountain Capital Partners LLC)

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Assignment; Binding Effect; Third Party Beneficiaries. No party hereto may assign Neither this Agreement nor any of its rights the rights, interests or obligations under this Agreement hereunder shall be assigned by any of the parties hereto (whether by operation of law or otherwise) without the prior written consent of the other party heretoparties. Subject to the preceding sentence, and any purported assignment without such consent shall be void. This this Agreement shall be binding on upon and shall inure solely to the benefit of to the parties hereto, hereto and their respective heirs, executors, administrators, successors and permitted assigneesassigns. Nothing Notwithstanding anything contained in this Agreement to the contrary, except for the provisions of Section 7.8, nothing in this Agreement, express expressed or implied, is intended to confer upon on any person other than the parties hereto and or their respective permitted successors heirs, successors, executors, administrators and assigns any rights rights, remedies, obligations or remedies of any nature whatsoever liabilities under or by reason of this Agreement.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Intercardia Inc), Agreement and Plan of Merger (Interneuron Pharmaceuticals Inc)

Assignment; Binding Effect; Third Party Beneficiaries. No party hereto may assign Neither this Agreement nor any of its rights the rights, interests or obligations under this Agreement hereunder shall be assigned by the Subscriber (whether by operation of law or otherwise) without the prior written consent of the other party heretoCompany. Subject to the preceding sentence, and any purported assignment without such consent shall be void. This this Agreement shall be binding on upon and shall inure solely to the benefit of the parties hereto, hereto and their respective heirs, executors, administrators, successors and permitted assigneesassigns. Nothing Each of the Company’s subsidiaries and affiliates is a third party beneficiary under this Agreement. Notwithstanding anything contained in this AgreementAgreement to the contrary, nothing in this Agreement (other than as set forth in the preceding sentence), express or implied, is intended to confer upon on any person other than the parties hereto and or their respective permitted successors heirs, successors, executors, administrators and assigns any rights rights, remedies, obligations or remedies of any nature whatsoever liabilities under or by reason of this Agreement.

Appears in 2 contracts

Samples: Employee Subscription Agreement (Hawker Beechcraft Quality Support Co), Employee Subscription Agreement (Hawker Beechcraft Acquisition Co LLC)

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Assignment; Binding Effect; Third Party Beneficiaries. No party hereto may assign Neither this Agreement nor any of its rights the rights, interests or obligations under this Agreement hereunder shall be assigned by the Subscriber (whether by operation of law or otherwise) without the prior written consent of the other party heretoCorporation. Subject to the preceding sentence, and any purported assignment without such consent shall be void. This this Agreement shall be binding on upon and shall inure solely to the benefit of the parties hereto, hereto and their respective heirs, executors, administrators, successors and permitted assigneesassigns. Nothing The Corporation may assign this agreement to an affiliate without the Subscriber’s consent. Each Investor and each of its affiliates is a third party beneficiary under this Agreement. Notwithstanding anything contained in this AgreementAgreement to the contrary, nothing in this Agreement (other than as set forth in the preceding sentence), express or implied, is intended to confer upon on any person other than the parties hereto and or their respective heirs, successors, executors, administrators and permitted successors and assigns any rights rights, remedies, obligations or remedies of any nature whatsoever liabilities under or by reason of this Agreement.

Appears in 1 contract

Samples: Agreement (Pregis Holding II CORP)

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