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 successors, heirs, personal representatives and permitted assigns; provided, however, that neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned by any of the parties hereto (by operation of law or otherwise) without the prior written consent of the other parties, except that upon written notice to Sellers (a) Buyer may assign to any other direct wholly owned domestic corporate subsidiary of Buyer all of Buyer’s rights, interests or obligations hereunder, provided as a condition of such assignment to any subsidiary of Buyer, such subsidiary shall be required to make the same representations to Sellers as Buyer had under Article III hereof. Except as set forth in this Section 7.02, nothing in this Agreement, express or implied, is intended to or shall confer upon any Person other than Buyer, Company and Sellers any rights, benefits or remedies of any nature whatsoever under or by reason of this Agreement.

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 heirs, legal representatives, successors, heirs, personal representatives and permitted assigns; provided. Except as otherwise expressly provided in this Agreement, however, that neither this Agreement nor any of the rights, interests interests, or obligations hereunder shall be assigned by any of the parties hereto (by operation of law or otherwise) without the prior written consent of the other parties, except that upon written notice to Sellers (a) after payment in full of the Promissory Notes, Buyer may assign to any other direct wholly owned domestic corporate subsidiary of Buyer all any of Buyer’s 's rights, interests interests, or obligations hereunder, upon notice to the other party or parties, provided as a condition of that no such assignment to shall relieve any subsidiary party of Buyer, such subsidiary shall be required to make the same representations to Sellers as Buyer had under Article III hereofits obligations hereunder. Except as set forth provided in this Section 7.02Article XI, nothing in this Agreement, express or implied, is intended to or shall confer upon any Person person other than Buyerthe parties hereto, Company and Sellers their respective heirs, legal representatives, successors, and permitted assigns, any rights, benefits benefits, or remedies of any nature whatsoever under or by reason of this Agreement.