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 and permitted assigns. 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 parties hereto without the prior written consent of the other party, except that Buyer may assign to any wholly owned subsidiary of Buyer any of Buyer's rights, interests, or obligations hereunder, upon notice to Seller, provided that no such assignment shall relieve Buyer of its obligations hereunder, and Seller may transfer to Shares to the Shareholders. 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 their respective successors and permitted assigns, any rights, benefits, or remedies of any 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 heirs, legal representatives, successors, and permitted assigns. 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 any of the parties hereto without the prior written consent of the other partyparties, except that after payment in full of the Promissory Notes, Buyer may assign to any wholly owned subsidiary of Buyer any of Buyer's rights, interests, or obligations hereunder, upon notice to Sellerthe other party or parties, provided that no such assignment shall relieve Buyer any party of its obligations hereunder, and Seller may transfer to Shares to the Shareholders. Except as provided in Article XXI, nothing in this Agreement, express or implied, is intended to or shall confer upon any person other than the parties hereto, and their respective successors heirs, legal representatives, successors, and permitted assigns, any rights, benefits, or remedies of any nature whatsoever under or by reason of this Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Crescent Operating Inc)

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 and permitted assigns. Except as otherwise expressly provided in this Agreement or the Stockholders' Agreement, neither this Agreement nor any of the rights, interests, or obligations hereunder shall be assigned by either any of the parties hereto without the prior written consent of the other partyparties, except that Buyer any Stockholder may assign to any wholly owned subsidiary affiliate of Buyer such Stockholder any of Buyersuch Stockholder's rights, interests, interests or obligations hereunder, upon notice to Sellerthe other party or parties, provided that no such assignment shall relieve Buyer such Stockholder of its obligations hereunder, and Seller may transfer to Shares to the Shareholders. Except as provided in Article XSection 10.2, nothing in this Agreement, express or implied, is intended to or shall confer upon any person other than the parties hereto, and their respective successors heirs, legal representatives, successors, and permitted assigns, any rights, benefits, or remedies of any nature whatsoever under or by reason of this Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Encore Acquisition Co)

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 assigns. Except as otherwise expressly provided in this Agreement, neither this Agreement nor any of the rights, interests, interests or obligations hereunder shall be assigned by either of the parties hereto without the prior written consent of the other party, except that Buyer may assign to any wholly owned subsidiary or 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, and Seller may transfer to Shares to the Shareholders. Except as expressly provided in Article Xthis Agreement, nothing in this Agreement, express or implied, is intended to or shall confer upon any person Person (including any Employee) other than the parties hereto, and their respective successors and permitted assigns, any rights, benefits, benefits or remedies of any nature whatsoever under or by reason of this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (Brite Voice Systems Inc)

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, legal representatives, successors, and permitted assigns. 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 any of the parties hereto without the prior written consent of the other partyparties, except that Buyer may assign to any wholly wholly-owned subsidiary of Buyer any of Buyer's rights, interests, or obligations hereunder, upon notice to Sellerthe other party or parties, provided that no such assignment shall relieve Buyer of its obligations hereunder, and Seller may transfer to Shares to the Shareholders. 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 their respective successors heirs, legal representatives, successors, and permitted assigns, any rights, benefits, or remedies of any nature whatsoever under or by reason of this Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Crescent Operating Inc)

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, legal representatives, successors, and permitted assigns. 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 any of the parties hereto without the prior written consent of the other parties, which consent may be withheld in such party’s sole judgment; provided, except however, that Buyer may collaterally assign this Agreement to any wholly owned subsidiary sources of Buyer financing solely to secure Buyer’s obligations under any credit arrangements entered into in connection with this Agreement (and any refinancing or substitutions thereof). Any assignment in violation of Buyer's rights, interests, or obligations hereunder, upon notice to Seller, provided that no such assignment the foregoing shall relieve Buyer of its obligations hereunder, be null and Seller may transfer to Shares to the Shareholdersvoid. Except as provided in Section 8.4 and Article X, nothing in this Agreement, express or implied, is intended to or shall confer upon any person Person other than the parties hereto, and their respective successors heirs, legal representatives, successors, and permitted assigns, any rights, benefits, or remedies of any nature whatsoever under or by reason of this Agreement.

Appears in 1 contract

Samples: Merger Agreement (Exco Resources Inc)

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 assigns. 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 any of the parties hereto without the prior written consent of the other partyparties, except that either Triangle or Buyer may assign to Triangle or any wholly owned subsidiary affiliate of Buyer Triangle any of Triangle's or Buyer's rights, interests, or obligations hereunder, upon notice to SellerSellers, provided that no such assignment shall relieve either Triangle or Buyer of its obligations hereunder, and Seller may transfer to Shares to the Shareholders. Except as specifically provided in Article XSection 6.5, nothing in this Agreement, express or implied, is intended to or shall confer upon any person other than the parties hereto, and their respective successors and permitted assigns, any rights, benefits, or remedies of any nature whatsoever under or by reason of this Agreement.. 3

Appears in 1 contract

Samples: Asset Purchase Agreement (Triangle Pacific 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 heirs, legal representatives, successors, and permitted assigns. 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 any of the parties hereto without the prior written consent of the other partyparties, except that a Buyer may assign to any wholly owned subsidiary affiliate of such Buyer any of such Buyer's rights, interests, or obligations hereunder, upon notice to Sellerthe other party or parties, provided that no such assignment shall relieve such Buyer of its obligations hereunder, and Seller may transfer to Shares to the Shareholders. Except as provided in Article XVII, nothing in this Agreement, express or implied, is intended to or shall confer upon any person other than the parties hereto, and their respective successors heirs, legal representatives, successors, and permitted assigns, any rights, benefits, or remedies of any nature whatsoever under or by reason of this Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Flashnet Communications 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 heirs, legal representatives, successors, and permitted assigns. 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 any of the parties hereto without the prior written consent of the other partyparties, except that Buyer may assign to any wholly owned subsidiary of Buyer any of Buyer's rights, interests, or obligations hereunder, upon notice to Sellerthe other party or parties, provided that no such assignment shall relieve Buyer of its obligations hereunder, and Seller may transfer to Shares to the Shareholders. 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 their respective successors heirs, legal representatives, successors, and permitted assigns, any rights, benefits, or remedies of any nature whatsoever under or by reason of this Agreement. In the event the transactions contemplated hereby are consummated, nothing in this Section 11.3 shall render the Seller Employment Agreement and the Chrixxx Xxxloyment Agreement unenforceable.

Appears in 1 contract

Samples: Stock Purchase Agreement (Crescent Operating Inc)

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 assigns. Except as otherwise expressly provided in this Agreement, neither Neither this Agreement nor any of the rights, interests, or obligations hereunder shall be assigned by either of the parties hereto Party without the prior written consent of the other partyParty, except that Buyer may which shall not be unreasonably withheld. This Agreement is binding upon, inures to the benefit of and is enforceable by the Parties hereto and their respective successors and permitted assigns. Notwithstanding, each Party may, without the other Party's consent, assign this Agreement and the rights, obligations and interests of such Party, in whole or in part, to any wholly owned subsidiary purchaser of Buyer any all or substantially all of Buyer's rights, interestsits assets or shares, or obligations hereunder, upon notice to Sellerany successor corporation resulting from any merger or consolidation of such Party with or into such corporation, provided that no any such assignment assignee agrees in writing to be bound by the terms of this Agreement. Nothing contained herein shall relieve Buyer be interpreted or deemed to require the consent of its obligations hereunder, the Seller for any transaction or grant of rights in and Seller may transfer to Shares to the ShareholdersAssets following the Closing. Except as provided in Article X, nothing Nothing in this Agreement, express or implied, is intended to or shall confer upon any person other than the parties Parties hereto, and their respective successors heirs, legal representatives, successors, and permitted assigns, any rights, benefits, or remedies of any nature whatsoever under or by reason of this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (Pharmos 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 heirs, legal representatives, successors, and permitted assigns. Each of the Seller and Buyer may assign either this Agreement or any of their rights, interests or obligations hereunder without the prior written approval of the other Party to a qualified intermediary and/or a qualified exchange accommodation titleholder (as that term is defined in Revenue Procedure 2000-37) in connection with any transaction described in Section 13.5; provided,however, that no such assignment shall relieve the other Party from any of its obligations or liabilities under this Agreement. 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 any of the parties hereto without the prior written consent of the other party, except that Buyer may assign to any wholly owned subsidiary of Buyer any of Buyer's rights, interests, or obligations hereunder, upon notice to Seller, provided that no such assignment shall relieve Buyer of its obligations hereunder, and Seller may transfer to Shares to the Shareholdersparties. Except as provided in Section 9.6 and Article XXII, nothing in this Agreement, express or implied, is intended to or shall confer upon any person Person other than the parties hereto, and their respective successors heirs, legal representatives, successors, and permitted assigns, any rights, benefits, or remedies of any nature whatsoever under or by reason of this Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Integrys Energy Group, Inc.)

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, legal representatives, successors, and permitted assigns. 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 any of the parties hereto without the prior written consent of the other partyparties, except that Buyer Parent may assign to any wholly owned subsidiary of Buyer Parent any of BuyerParent's rights, interests, or obligations hereunder, upon notice to Sellerthe other party or parties, provided that no such assignment shall relieve Buyer Parent of its obligations hereunder, and Seller may transfer to Shares to the Shareholders. 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 their respective successors heirs, legal representatives, successors, and permitted assigns, any rights, benefits, or remedies of any nature whatsoever under or by reason of this Agreement.

Appears in 1 contract

Samples: Stock Acquisition Agreement and Plan of Merger (Crescent Operating Inc)

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