Common use of ASSIGNMENT; SUCCESSORS; NO THIRD-PARTY RIGHTS Clause in Contracts

ASSIGNMENT; SUCCESSORS; NO THIRD-PARTY RIGHTS. No party may assign any of its rights or delegate any of its obligations under this Agreement without the prior written consent of the other parties, except that Parent may without the consent of Stockholder assign any of its rights and delegate any of its obligations under this Agreement to any Related Person of Parent. Subject to the preceding sentence, this Agreement will apply to, be binding in all respects upon, and inure to the benefit of Stockholder's heirs, executors, administrators and permitted assigns and Parent's successors and permitted assigns. Nothing expressed or referred to in this Agreement will be construed to give any Person, other than the parties to this Agreement, any legal or equitable right, remedy or claim under or with respect to this Agreement or any provision of this Agreement except such rights as may inure to a successor or permitted assignee under this Section. Notwithstanding the above, any Related Person of Parent shall be deemed a third party beneficiary to this Agreement.

Appears in 10 contracts

Samples: Voting Agreement (Ensco International Inc), Voting Agreement (Seacor Smit Inc), Voting Agreement (Ensco International Inc)

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ASSIGNMENT; SUCCESSORS; NO THIRD-PARTY RIGHTS. No party may assign any of its rights or delegate any of its obligations under this Agreement without the prior written consent of the other partiesparty, which will not be unreasonably withheld, except that Parent Buyer may without the consent of Stockholder Sellers assign any of its rights and delegate any of its obligations under this Agreement to any entity that is a Related Person of ParentBuyer. Subject to the preceding sentence, this Agreement will apply to, be binding in all respects upon, and inure to the benefit of Stockholder's each Seller’s heirs, executors, administrators and permitted assigns and Parent's Xxxxx’s successors and permitted assigns. Nothing expressed or referred to in this Agreement will be construed to give any Person, other than the parties to this Agreement, any legal or equitable right, remedy or claim under or with respect to this Agreement or any provision of this Agreement except such rights as may inure to a successor or permitted assignee under this Section. Notwithstanding the above, any Related Person of Parent shall be deemed a third party beneficiary to this Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement

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