Common use of Assignment; Third-Party Rights Clause in Contracts

Assignment; Third-Party Rights. This Agreement shall be binding upon and inure to the benefit of the parties and their permitted successors and assigns. Participant shall not assign this Agreement (including by operation of law) without the prior written consent of FINRA, which consent may not be unreasonably withheld, provided, that in no event shall consent be granted where such assignment would adversely affect FINRA and would cause FINRA or any of its affiliated entities to be in violation of applicable laws or regulations, including FINRA Rules. In the event that consent to assign is granted, Participant unconditionally guarantees the payment and performance by such assignee entity of all obligations under this Agreement. FINRA or its assigns may assign this Agreement upon notice to Participant. Except as otherwise provided in this Agreement, nothing in this Agreement shall entitle any individual or entity to any rights as a third-party beneficiary under this Agreement. Nothing in this Agreement shall constitute the parties as partners or participants in a joint venture, and neither party is appointed the agent of the other.

Appears in 7 contracts

Samples: Finra Transparency Services Participation Agreement, Finra Transparency Services Participation Agreement, Finra Transparency Services Participation Agreement

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Assignment; Third-Party Rights. This Agreement shall be binding upon and inure to the benefit of the parties and their permitted successors and assigns. Participant shall not assign this Agreement (including by operation of law) without the prior written consent of FINRANASD, which consent may not be unreasonably withheld, provided, that in no event shall consent be granted where such assignment would adversely affect FINRA NASD and would cause FINRA NASD or any of its affiliated entities to be in violation of applicable laws or regulations, including FINRA the NASD Rules. In the event that consent to assign is granted, Participant unconditionally guarantees the payment and performance by such assignee entity of all obligations under this Agreement. FINRA NASD or its assigns may assign this Agreement upon notice to Participant. Except as otherwise provided in this Agreement, nothing in this Agreement shall entitle any individual or entity to any rights as a third-party beneficiary under this Agreement. Nothing in this Agreement shall constitute the parties as partners or participants in a joint venture, and neither party is appointed the agent of the other.

Appears in 2 contracts

Samples: Participation Agreement, Trace Participation Agreement

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Assignment; Third-Party Rights. This Agreement shall be binding upon and inure to the benefit of the parties and their permitted successors and assigns. Participant shall not assign this Agreement (including by operation of law) without the prior written consent of FINRA, which consent may not be unreasonably withheld, provided, that in no event shall consent be granted where such assignment would adversely affect FINRA and would cause FINRA or any of its affiliated entities to be in violation of applicable laws or regulations, including FINRA Rules. In the event that consent to assign is granted, Participant unconditionally guarantees the payment and performance by such assignee entity of all obligations under this Agreement. FINRA or its assigns may assign this Agreement upon notice to Participant. Except as otherwise provided in this Agreement, nothing in this Agreement shall entitle any individual or entity to any rights as a third-third- party beneficiary under this Agreement. Nothing in this Agreement shall constitute the parties as partners or participants in a joint venture, and neither party is appointed the agent of the other.

Appears in 1 contract

Samples: Finra Transparency Services Participation Agreement

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