Benefit of the Agreement. 22.1 The undertakings given by the Recipient in this Agreement shall be for the benefit of and may be enforced by the Disclosing Party, any of its Affiliates, any current or future shareholder of the Disclosing Party and any successors- in-title. The undertakings shall be deemed to have been imposed as a stipulation xxxxxx for the benefit of any Affiliate of the Disclosing Party, any third party which becomes a shareholder in the Disclosing Party and any successor-in-title and such benefit may be accepted by such person in writing at any time. The fact that any undertaking may not be enforceable by one of them will not affect its enforceability by any other party. 22.2 For the purposes of clause 22.1, the term "successors-in-title" shall include any third party which acquires – 15.1.1. the business of the Disclosing Party or any part thereof; or 15.1.2. pursuant to any permissible cession, the right to enforce the undertakings embodied in this Agreement.
Appears in 10 contracts
Samples: Mutual Confidentiality and Non Disclosure Agreement, Mutual Confidentiality and Non Disclosure Agreement, Mutual Confidentiality and Non Disclosure Agreement
Benefit of the Agreement. 22.1 The undertakings given by the Recipient in this Agreement shall be for the benefit of and may be enforced by the Disclosing Party, any of its Affiliates, any current or future shareholder of the Disclosing Party and any successors- successors-in-title. The undertakings shall be deemed to have been imposed as a stipulation xxxxxx for the benefit of any Affiliate of the Disclosing Party, any third party which becomes a shareholder in the Disclosing Party and any successor-in-title and such benefit may be accepted by such person in writing at any time. The fact that any undertaking may not be enforceable by one of them will not affect its enforceability by any other party.
22.2 For the purposes of clause 22.1, the term "successors-in-title" shall include any third party which acquires –
15.1.1. the business of the Disclosing Party or any part thereof; or
15.1.2. pursuant to any permissible cession, the right to enforce the undertakings embodied in this Agreement.
Appears in 5 contracts
Samples: Mutual Confidentiality and Non Disclosure Agreement, Mutual Confidentiality and Non Disclosure Agreement, Mutual Confidentiality and Non Disclosure Agreement
Benefit of the Agreement. 22.1 The undertakings given by the Recipient in this Agreement shall be for the benefit of and may be enforced by the Disclosing Party, any of its Affiliates, any current or future shareholder of the Disclosing Party and any successors- successors-in-title. The undertakings shall be deemed to have been imposed as a stipulation xxxxxx for the benefit of any Affiliate of the Disclosing Party, any third party which becomes a shareholder in the Disclosing Party and any successor-in-title and such benefit may be accepted by such person in writing at any time. The fact that any undertaking may not be enforceable by one of them will not affect its enforceability by any other party.
22.2 . For the purposes of clause 22.121.1, the term "successors-in-title" shall include any third party which acquires –
15.1.1. – the business of the Disclosing Party or any part thereof; or
15.1.2. or pursuant to any permissible cession, the right to enforce the undertakings embodied in this Agreement.
Appears in 3 contracts
Samples: Mutual Confidentiality and Non Disclosure Agreement, Mutual Confidentiality and Non Disclosure Agreement, Mutual Confidentiality and Non Disclosure Agreement
