Common use of Benefit and Assignment Clause in Contracts

Benefit and Assignment. This Agreement will be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. There shall be no assignment of any interest under this Agreement by any party except that the Buyer may assign its rights hereunder to any wholly owned subsidiary of the Buyer; provided, however, that no such assignment shall relieve the assignor of its obligations under this Agreement. Nothing herein, express or implied, is intended to or shall confer upon any other Person any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.

Appears in 4 contracts

Samples: Sale and Purchase Agreement (Tiens Biotech Group Usa Inc), Asset Purchase Agreement (Health Systems Solutions Inc), Stock Purchase Agreement (Health Systems Solutions Inc)

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Benefit and Assignment. This Agreement will be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. There shall be no assignment of any interest under this Agreement by any party except that the Buyer may assign its rights hereunder to any wholly owned subsidiary of the Buyer; provided, however, that no such assignment shall relieve the assignor of its obligations under this Agreement. Nothing herein, express or implied, is intended to or shall confer upon any other Person person any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.

Appears in 4 contracts

Samples: Exchange Agreement Agreement (Cendant Corp), Exchange Agreement (Cendant Corp), Exchange Agreement (Cendant Corp)

Benefit and Assignment. This Agreement will be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. There shall be no assignment of any interest under this Agreement by any party except that the Buyer may assign its rights hereunder to (a) any wholly owned subsidiary of the Buyer; provided, however, that no such assignment shall relieve the assignor of its obligations under this Agreement; and (b) its senior secured lender as additional collateral for the Buyer’s obligations under its lending agreements with such lender. Nothing herein, express or implied, is intended to or shall confer upon any other Person any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Forefront Holdings, Inc.), Asset Purchase Agreement (Forefront Holdings, Inc.)

Benefit and Assignment. This Agreement will be binding upon and ---------------------- inure to the benefit of the parties hereto and their respective successors and permitted assigns. There shall be no assignment of any interest under this Agreement by any party except that the Buyer may assign its rights hereunder to any wholly owned subsidiary of the Buyer; provided, however, that no such -------- ------- assignment shall relieve the assignor of its obligations under this Agreement. Nothing herein, express or implied, is intended to or shall confer upon any other Person any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Global Crossing LTD)

Benefit and Assignment. This Agreement will be binding upon ---------------------- and inure to the benefit of the parties hereto and their respective successors and permitted assigns. There shall sh all be no assignment of any interest under this Agreement by any party except that the Buyer may assign its rights hereunder to any wholly owned subsidiary of the Buyer; provided, however, that no such assignment -------- ------- shall relieve the assignor of its obligations under this Agreement. Nothing herein, express or implied, is intended to or shall confer upon any other Person person any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.

Appears in 1 contract

Samples: Exchange Agreement (Homestore Com Inc)

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Benefit and Assignment. This Agreement will be binding upon ---------------------- and inure to the benefit of the parties hereto and their respective successors and permitted assigns. There shall be no assignment of any interest under this Agreement by any party except that the Buyer may assign its rights hereunder to any wholly owned subsidiary of the Buyer; provided, however, that no such assignment -------- ------- shall relieve the assignor of its obligations under this Agreement. Nothing herein, express or implied, is intended to or shall confer upon any other Person person any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.

Appears in 1 contract

Samples: Exchange Agreement (Homestore Com Inc)

Benefit and Assignment. This Agreement will be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. There shall be no assignment of any interest under this Agreement by any party party, except that the Buyer may assign its rights hereunder to any wholly owned subsidiary of the Buyer; provided, however, that no such assignment shall relieve the assignor of its obligations under this Agreement. Nothing herein, express or implied, is intended to or shall confer upon any other Person any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (Greenhold Group Inc)

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