Benefit of Agreement; Assignment. This Agreement will apply to, be -------------------------------- binding in all respects upon, and inure to the benefit of the successors and permitted assigns of the parties. This Agreement may not be assigned by operation of law or otherwise by the Purchaser without the express written consent of the Seller (which consent may be granted or withheld in the sole discretion of the Seller). Notwithstanding the foregoing, this Agreement and the rights hereunder may be (a) assigned as collateral security to any lender of funds to the Company, and (b) assigned by the Purchaser after the Closing to the beneficial owners of the Purchaser or to any subsequent purchaser or other holder of all or a portion of the shares of the Company Common Stock, provided that in no event shall the Purchaser be relieved from his obligations hereunder in connection with any such assignment.
Appears in 4 contracts
Samples: Stock Purchase Agreement (Spiderboy International Inc), Stock Purchase Agreement (Spiderboy International Inc), Stock Purchase Agreement (Spiderboy International Inc)
Benefit of Agreement; Assignment. This Agreement will apply to, be -------------------------------- binding in all respects upon, and inure to the benefit of the successors and permitted assigns of the parties. This Agreement may not be assigned by operation of law or otherwise by the Purchaser without the express written consent of the Seller Sellers (which consent may be granted or withheld in the sole discretion of the SellerSellers). Notwithstanding the foregoing, this Agreement and the rights hereunder may be (ai) assigned as collateral security to any lender of funds to the Company, and (bii) assigned by the Purchaser after the Closing to the beneficial owners of the Purchaser or to any subsequent purchaser or other holder of all or a portion of the shares of the Company Common StockShares, provided that in no event shall the Purchaser be relieved from his its obligations hereunder in connection with any such assignment.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Innovative Software Technologies Inc), Stock Purchase Agreement (Thaon Communications Inc)
Benefit of Agreement; Assignment. This Agreement will ----------------------------------- apply to, be -------------------------------- binding in all respects upon, and inure to the benefit of the successors and permitted assigns of the parties. This Agreement may not be assigned by operation of law or otherwise by the Purchaser without the express written consent of the Seller Company and the Sellers (which consent may be granted or withheld in the sole discretion of the SellerCompany or the Sellers). Notwithstanding the foregoing, this Agreement and the rights hereunder may be (ai) assigned as collateral security to any lender of funds to the Company, and (bii) assigned by the Purchaser after the Closing to the beneficial owners of the Purchaser or to any subsequent purchaser or other holder of all or a portion of the shares of the Company Common StockShares, provided that in no event shall the Purchaser be relieved from his its obligations hereunder in connection with any such assignment.
Appears in 1 contract
Benefit of Agreement; Assignment. This Agreement will apply ---------------------------------- to, be -------------------------------- binding in all respects upon, and inure to the benefit of the successors and permitted assigns of the parties. This Agreement may not be assigned by operation of law or otherwise by the Purchaser without the express written consent of the Seller Sellers (which consent may be granted or withheld in the sole discretion of the SellerSellers). Notwithstanding the foregoing, this Agreement and the rights hereunder may be (ai) assigned as collateral security to any lender of funds to the Company, and (bii) assigned by the Purchaser after the Closing to the beneficial owners of the Purchaser or to any subsequent purchaser or other holder of all or a portion of the shares of the Company Common StockShares, provided that in no event shall the Purchaser be relieved from his its obligations hereunder in connection with any such assignment.
Appears in 1 contract
Samples: Stock Purchase Agreement (Thaon Communications Inc)