Common use of Binding Effect; Assignment; No Third-Party Beneficiaries Clause in Contracts

Binding Effect; Assignment; No Third-Party Beneficiaries. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. Except as expressly provided herein, this Agreement and all rights hereunder may not be assigned by any party hereto except by prior written consent of the other party hereto. The parties intend that this Agreement shall not benefit or create any right or cause of action in or on behalf of any person other than parties hereto.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (Pacwest Bancorp), Purchase and Assumption Agreement (Flagstar Bancorp Inc), Purchase and Assumption Agreement (Flagstar Bancorp Inc)

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Binding Effect; Assignment; No Third-Party Beneficiaries. This The rights and obligations of this Agreement shall be binding upon bind and inure to the benefit of the parties hereto and their respective permitted successors and assigns. Nothing expressed or implied herein shall be construed to give any other person any legal or equitable rights hereunder. Except as expressly provided herein, the rights and obligations of this Agreement and all rights hereunder may not be assigned by any party hereto except by prior written consent of the other parties. There are no third party hereto. The parties intend that beneficiaries to this Agreement shall not benefit or create any right or cause of action in or on behalf of any person other than parties heretoAgreement.

Appears in 2 contracts

Samples: Operating Agreement (Kellstrom Industries Inc), Operating Agreement (Aviation Sales Co)

Binding Effect; Assignment; No Third-Party Beneficiaries. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. Except as expressly provided hereinpermitted assigns and the provisions of Article 11 shall inure to the benefit of the indemnified parties referred to therein; provided, however, that neither this Agreement and all rights nor any of the rights, interests or obligations hereunder may not be assigned by any party of the parties hereto except by without the prior written consent of the other party heretoparties and any such purported assignment shall be void. The parties intend that this This Agreement shall is not benefit intended to confer upon any other Person any rights or create any right or cause of action in or on behalf of any person other than parties heretoremedies hereunder.

Appears in 1 contract

Samples: Asset Purchase Agreement (Texfi Industries Inc)

Binding Effect; Assignment; No Third-Party Beneficiaries. This Agreement shall be binding upon and inure to the benefit of the parties hereto Parties and their respective successors and assigns. Except as expressly provided herein, this This Agreement and all rights or obligations hereunder may not be assigned by any party hereto Party except by prior written consent of the other party heretoParties. Any attempted or purported assignment in violation hereof shall be null and void. The parties Parties intend that this Agreement shall not benefit or create any right or cause of action in or on behalf of any person Person other than parties heretothe Parties, except as expressly provided in Article XII.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Banc of California, Inc.)

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Binding Effect; Assignment; No Third-Party Beneficiaries. This Agreement shall be binding upon and inure to the benefit of the parties hereto Parties and their respective successors and assigns. Except as expressly provided hereinin this Agreement, this Agreement and all rights hereunder may not be assigned by any party hereto Party except by prior written consent of the other party heretoParties, and any purported assignment without such consent shall be null and void. The parties Parties intend that this Agreement shall not benefit or create any right or cause of action in or on behalf of any person Person other than parties heretothe Parties.

Appears in 1 contract

Samples: Purchaser Transition Services Agreement (Capital One Financial Corp)

Binding Effect; Assignment; No Third-Party Beneficiaries. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. Except as expressly provided hereinpermitted assigns and the provisions of Article 11 shall inure to the benefit of the indemnified parties referred to therein; provided, however, that neither this Agreement and all rights nor any of the rights, interests or obligations hereunder may not be assigned by any party of the parties hereto except by without the prior written consent of the other party heretoparties and any such purported assignment shall be void. The parties intend that this This Agreement shall is not benefit intended to confer upon any other Person any rights or create any right or cause of action in or on behalf of any person other than parties hereto.remedies hereunder. 12.7

Appears in 1 contract

Samples: Worldtex Inc

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