Common use of ASSIGNMENT; OTHER BENEFITS Clause in Contracts

ASSIGNMENT; OTHER BENEFITS. This Agreement will be binding upon and inure to the benefit of and be enforceable by the parties hereto and their respective successors and permitted assigns. Neither party to this Agreement may assign its rights under this Agreement without the prior written consent of the other party; provided, however, Weatherford may assign any of its rights and obligations under this Agreement to any of its affiliates, of which Weatherford beneficially owns or controls at least 50% of the equity or other interests of such affiliate, without the consent of the Partnership.

ASSIGNMENT; OTHER BENEFITS. This Agreement will be binding upon and inure to the benefit of and be enforceable by the parties hereto and their respective successors and permitted assigns. Neither party to this Agreement may assign its rights under this Agreement without the prior written consent of the other party; provided, however, that Weatherford may assign any of its rights and obligations under this Agreement to any of its affiliates, of which Weatherford beneficially owns or controls at least 50% of the equity or other interests of such affiliate, without the consent of the Partnership.

ASSIGNMENT; OTHER BENEFITS. This Agreement will be binding upon and inure to the benefit of and be enforceable by the parties hereto and their respective successors and permitted assigns. Neither party to this Agreement may assign its rights under this Agreement without the prior written consent of the other party; provided, however, Weatherford may assign any of its rights and obligations under this Agreement to any of its affiliatesWeatherford Affiliate, of which Weatherford beneficially owns or controls at least 50% of the equity or other interests of such affiliateAffiliate, without the consent of the PartnershipGrant Prideco.