Binding and Benefit Sample Clauses
The Binding and Benefit clause establishes that the terms of the agreement are legally enforceable on the parties involved and extend to their successors and permitted assigns. In practice, this means that if a party transfers its rights or obligations under the contract to another entity, the new party is also bound by the contract's terms and can benefit from its provisions. This clause ensures continuity and enforceability of the agreement, preventing parties from evading their responsibilities through assignment or succession, and thereby maintains the integrity and reliability of contractual obligations.
Binding and Benefit. This Agreement shall be binding upon and inure to ------------------- the benefit of the parties hereto and their respective heirs, personal representatives, successors and assigns, except that no party may assign or transfer its rights or obligations under this Agreement without the prior written consent of the other parties hereto; provided, however, that the -------- ------- obligation to register Registerable Shares shall be enforceable by direct or remote transferees of Registerable Shares now owned by the Stockholders only if the transfer results from the death of any person, a gift made without consideration or the transfer of all or substantially all of the assets of an entity, by merger, consolidation, asset sale or otherwise. Without limiting the foregoing, any transferee of Registerable Shares must agree in writing to be bound by the provisions of Subsection 6(c) hereof.
Binding and Benefit. This Agreement shall be binding upon and shall inure to the benefit of the parties hereto, their respective successors and permitted assigns.
Binding and Benefit. This Option Agreement shall be binding upon and inure to the benefit of the Purchaser, its successors and assigns.
Binding and Benefit. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, except that no party may assign or transfer its rights or obligations under this Agreement without the prior written consent of the other parties hereto.
Binding and Benefit. This Sublease shall be binding on and inure to the benefit of the parties to this Sublease, their successors in interest and permitted assigns.
Binding and Benefit. The terms, warranties and agreements herein contained shall bind and inure to the benefit of the respective parties hereto, and their respective legal representatives, successors and assigns.
Binding and Benefit. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, personal representatives, successors and assigns, except that no party may assign or transfer its rights or obligations under this Agreement without the prior written consent of the other parties hereto; provided, however, that the obligation to register Registerable Shares shall be enforceable by direct or remote transferees of Registerable Shares now owned by a Shareholder only if the transfer results from the death of any person, a gift made without consideration or the transfer of all or substantially all of the assets of an entity, by merger, consolidation, asset sale or otherwise.
Binding and Benefit. This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and assigns. Without limiting the generality of the preceding, this Agreement shall survive the Merger and inure to the benefit of HM Acquisition.