Benefit and Burden Clause Samples
The 'Benefit and Burden' clause establishes that any party who receives benefits under an agreement must also accept the associated obligations or responsibilities. In practice, this means that if a party enjoys certain rights, privileges, or advantages provided by the contract, they are equally bound to fulfill the corresponding duties or comply with related terms. For example, if a party is allowed to use a service or asset, they must also adhere to the rules or costs tied to that use. This clause ensures fairness and balance in contractual relationships by preventing parties from selectively accepting only the favorable aspects of an agreement while avoiding the related commitments.
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Benefit and Burden. This Agreement shall be binding upon, and enure for the benefit of, the Creditors and the Borrowers and their respective successors in title.
Benefit and Burden. This Agreement shall inure to the benefit of, and shall be binding upon, the parties hereto and their legatees, distributees, estates, executors or administrators, personal and legal representatives, successors and assigns.
Benefit and Burden. The provisions of this Lease shall be binding upon, and shall inure to the benefit of, the parties hereto and each of their respective successors and permitted assigns.
Benefit and Burden. The provisions of this Lease shall be binding upon, and shall inure to the benefit of, the parties hereto and each of their respective representatives, successors and assigns. Landlord may freely and fully assign its interest hereunder.
Benefit and Burden. This Agreement shall be binding upon, and enure for the benefit of, the Finance Parties, the Borrower and their respective successors.
Benefit and Burden. This Agreement shall be binding upon, and shall enure for the benefit of, the Bank and the Borrower and their respective successors in title.
Benefit and Burden. Subject to the provisions of Article 11 and except as otherwise expressly provided, the provisions of this Lease shall be binding upon, and shall inure to the benefit of, the parties hereto and each of their respective representatives, heirs, successors and assigns.
Benefit and Burden. The covenants, conditions, agreements, terms and provisions herein contained shall be binding upon, and shall inure to the benefit of, the parties hereto and each of their respective personal representatives, successors, heirs, executors, administrators and assigns.
Benefit and Burden. This Amendment shall inure to the benefit of, and shall be binding upon, the parties hereto and their legatees, distributees, estates, executors or administrators, personal and legal representatives, successors and assigns.
Benefit and Burden. This Agreement will be binding upon, will inure to the benefit of, and be enforceable by and against, the parties hereto and their respective successors and permitted assigns.