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

Binding Effect; Assignment; No Third Party Benefit. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective permitted successors, permitted assigns and legal representatives. Nothing expressed or mentioned in this Agreement is intended or shall be construed to give any person other than the parties hereto and their respective permitted successors, permitted assigns or legal representatives any legal or equitable right, remedy or claim under, in or in respect of this Agreement or any provision herein contained. Except as otherwise expressly provided in this Agreement, neither this Agreement nor any of the rights, interests, or obligations hereunder shall be assigned by the Purchaser or the Seller to any person, without the prior written consent of the other party; provided, that the Purchaser shall have the right to assign its rights, interests and obligations hereunder to its affiliates without the consent of the Seller.

Appears in 10 contracts

Samples: Purchase Agreement (Sharper Image Corp), Purchase Agreement (Sharper Image Corp), Purchase Agreement (Knightspoint Partners II, L.P.)

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Binding Effect; Assignment; No Third Party Benefit. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective permitted successors, permitted assigns and legal representatives. Nothing expressed or mentioned in this Agreement is intended or shall be construed to give any person other than the parties hereto and their respective permitted successors, permitted assigns or legal representatives any legal or equitable right, remedy or claim under, in or in respect of this Agreement or any provision herein contained. Except as otherwise expressly provided in this Agreement, neither this Agreement nor any of the rights, interests, or obligations hereunder shall be assigned by the Purchaser Purchasers or the Seller Sellers to any person, without the prior written consent of the other party; provided, that the Purchaser Purchasers shall have the right to assign its rights, interests and obligations hereunder to its affiliates without the consent of the SellerSellers.

Appears in 2 contracts

Samples: Purchase Agreement (Knightspoint Partners II, L.P.), Purchase Agreement (Sharper Image Corp)

Binding Effect; Assignment; No Third Party Benefit. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted successors, permitted assigns and legal representatives. Nothing expressed or mentioned in this Agreement is intended or shall be construed to give any person other than the parties hereto and their respective permitted successors, permitted assigns or legal representatives any legal or equitable right, remedy or claim under, in or in respect of this Agreement or any provision herein containedassigns. Except as otherwise expressly provided in this Agreement, neither this Agreement nor any of the rights, interests, or obligations hereunder shall be assigned by either of the Purchaser or the Seller to any person, parties hereto without the prior written consent of the other party; provided, except that the Purchaser shall have the right Buyer may assign to assign its any wholly owned subsidiary of Buyer any of Buyer's rights, interests interests, or obligations hereunder, upon notice to Seller, provided that no such assignment shall relieve Buyer of its obligations hereunder. Except as provided in Article X, nothing in this Agreement, express or implied, is intended to or shall confer upon any person other than the parties hereto, and obligations hereunder to its affiliates without the consent their respective successors and permitted assigns, any rights, benefits, or remedies of the Sellerany nature whatsoever under or by reason of this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (Crescent Operating Inc)

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Binding Effect; Assignment; No Third Party Benefit. This Agreement -------------------------------------------------- shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted successors, permitted assigns and legal representatives. Nothing expressed or mentioned in this Agreement is intended or shall be construed to give any person other than the parties hereto and their respective permitted successors, permitted assigns or legal representatives any legal or equitable right, remedy or claim under, in or in respect of this Agreement or any provision herein containedassigns. Except as otherwise expressly provided in this Agreement, neither this Agreement nor any of the rights, interests, or obligations hereunder shall be assigned by any of the Purchaser or the Seller to any person, parties hereto without the prior written consent of the other party; providedparties, except that the Purchaser shall have the right Buyer may assign to assign its any affiliate of Buyer any of Buyer's rights, interests interests, or obligations hereunder, upon notice to Seller, provided that no such assignment shall relieve Buyer of its obligations hereunder. Except as provided in Article XI, nothing in this Agreement, express or implied, is intended to or shall confer upon any person other than the parties hereto, and obligations hereunder to its affiliates without the consent their respective successors and permitted assigns, any rights, benefits, or remedies of the Sellerany nature whatsoever under or by reason of this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (Access Worldwide Communications Inc)

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