Common use of Assignment; Binding Upon Successors and Assigns Clause in Contracts

Assignment; Binding Upon Successors and Assigns. None of the parties hereto may assign any of its rights or obligations hereunder without the prior written consent of the other party, which consent shall not be unreasonably withheld; provided, however, that: (a) Purchaser may assign its rights under this Agreement (i) to any majority-owned subsidiary of Purchaser, provided that Purchaser guarantees the obligations of such subsidiary hereunder or (ii) to any successor of Purchaser through any merger or consolidation, or purchase of all or substantially all of Purchaser’s stock or all or substantially all of Purchaser’s assets; and (b) Seller may assign their rights under this Agreement to Xxxxxx and the Purchaser Shares may be resold or assigned as provided in Section 2.6(b). This Agreement will be binding upon and inure to the benefit of the parties hereto and their respective permitted successors and assigns.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Ocz Technology Group Inc), Noncompetition and Nonsolicitation Agreement (Ocz Technology Group Inc)

AutoNDA by SimpleDocs

Assignment; Binding Upon Successors and Assigns. None Neither of the parties hereto may assign any of its rights or obligations hereunder without the prior written consent of the other party, which consent shall not be unreasonably withheld; provided, however, that: (a) that Purchaser may assign its rights under this Agreement (ia) to any majority-owned subsidiary of Purchaser, provided that Purchaser guarantees the obligations of such subsidiary hereunder or (iib) to any successor of Purchaser through any merger or consolidation, or purchase of all or substantially all of Purchaser’s 's stock or all or substantially all of Purchaser’s 's assets; and (b) Seller may assign their rights under this Agreement to Xxxxxx and the Purchaser Shares may be resold or assigned as provided in Section 2.6(b). This Agreement will be binding upon and inure to the benefit of the parties hereto and their respective permitted successors and assigns.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Comshare Inc), Asset Purchase Agreement (Jda Software Group Inc)

Assignment; Binding Upon Successors and Assigns. None of the parties hereto may assign any of its rights or obligations hereunder without the prior written consent of the other partyparties, which consent shall not be unreasonably withheld; provided, however, that: (a) that Purchaser may assign its rights under this Agreement (ia) to any majority-owned subsidiary of Purchaser, provided that Purchaser guarantees the obligations of such subsidiary hereunder or (iib) to any successor of Purchaser through any merger or consolidation, or purchase of all or substantially all of Purchaser’s stock or all or substantially all of Purchaser’s assets; and (b) Seller may assign their rights under this Agreement to Xxxxxx and the Purchaser Shares may be resold or assigned as provided in Section 2.6(b). This Agreement will be binding upon and inure to the benefit of the parties hereto and their respective permitted successors and assigns.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Apogee Technology Inc), Indemnification Agreement (Apogee Technology Inc)

Assignment; Binding Upon Successors and Assigns. None Neither of the parties hereto may assign any of its rights or obligations hereunder without the prior written consent of the other party, which consent shall not be unreasonably withheld; provided, however, that: that (a) Purchaser may assign its rights under this Agreement (i) to any majority-owned subsidiary of Purchaser, provided that Purchaser guarantees the obligations of such subsidiary hereunder hereunder, or (ii) to any successor of Purchaser through any merger or consolidation, or purchase of all or substantially all of Purchaser’s 's stock or all or substantially all of Purchaser’s 's assets; and (b) subject to the provisions of Section 13.3 below, Seller may assign their its rights under this Agreement to Xxxxxx and the Purchaser Shares may be resold any successor of Seller through any merger or assigned as provided in Section 2.6(b)consolidation, or purchase of all or substantially all of Seller's stock or all or substantially all of Seller's assets. This Agreement will be binding upon and inure to the benefit of the parties hereto and their respective permitted successors and assigns.

Appears in 1 contract

Samples: Jni Corp

AutoNDA by SimpleDocs

Assignment; Binding Upon Successors and Assigns. None of the parties hereto may assign any of its rights or obligations hereunder without the prior written consent of the other partyparties, which consent shall not be unreasonably withheld; provided, however, that: (a) Purchaser that Acquiror may assign its rights under this Agreement without Stockholders’ Agent’s consent (ia) to any majority-owned (direct or indirect) subsidiary of PurchaserAcquiror, provided that Purchaser Acquiror guarantees the obligations of such subsidiary hereunder or hereunder, (iib) to any successor of Purchaser Acquiror through any merger or consolidation, consolidation or purchase of all or substantially all of PurchaserAcquiror’s stock or all or substantially all of PurchaserAcquiror’s assets; and , or (bc) Seller may assign their rights under this Agreement to Xxxxxx and the Purchaser Shares may be resold any subsidiaries thereof. Any purported assignment, unless so consented to or assigned permitted as provided in Section 2.6(b)herein, shall be void and without effect. This Agreement will be binding upon and inure to the benefit of the parties hereto and their respective permitted successors and assigns.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Adventrx Pharmaceuticals Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.