Common use of Assignment; No Beneficiaries Clause in Contracts

Assignment; No Beneficiaries. This Agreement shall not be assigned by any Party without the prior written consent of the other Parties; provided, however, that either Party may assign any or all of its rights and obligations hereunder to any of its Affiliates so long as such assignment does not release such Party from any Liability hereunder incurred prior to such assignment. Except as provided in Article IV with respect to Indemnified Parties, this Agreement is for the sole benefit of the Parties to this Agreement and the members of the MetLife Group or the Company Group, as applicable, and each of their permitted successors and assigns and nothing in this Agreement, express or implied, is intended to or shall confer upon any other Person or entity any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.

Appears in 3 contracts

Samples: Master Separation Agreement, Master Separation Agreement (Metlife Inc), Master Separation Agreement (Brighthouse Financial, Inc.)

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Assignment; No Beneficiaries. This Agreement shall not be assigned by any Party without the prior written consent of the other PartiesParty; provided, however, that either Party may assign any or all of its rights and obligations hereunder to any of its Affiliates so long as such assignment does not release such Party from any Liability liability hereunder incurred prior to such assignment. Except as provided in Article IV IX, with respect to Indemnified PartiesLicensor Indemnitees or Licensee Indemnitees, as applicable, this Agreement is for the sole benefit of the Parties to this Agreement and the members of the MetLife Group or the Company Group, as applicable, their respective Affiliates and each of their permitted successors and assigns and nothing in this Agreement, express or implied, is intended to or shall confer upon any other Person or entity any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.

Appears in 3 contracts

Samples: Intellectual Property License Agreement, Intellectual Property License Agreement (Brighthouse Financial, Inc.), Intellectual Property License Agreement (Brighthouse Financial, Inc.)

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