Common use of Binding Effect; Benefit; Assignment; Joinder Clause in Contracts

Binding Effect; Benefit; Assignment; Joinder. (a) This Agreement shall inure to the benefit of and be binding upon and enforceable by and against the Parties and, only with respect to the provisions of Section 5.10 (Use of Marks; Name Change of the Company), Section 5.12 (Indemnity; Directors’ and Officers’ Insurance) and Article VIII), shall inure to the benefit of and be enforceable by the Persons benefiting from the provisions thereof all of whom are intended to be third-party beneficiaries thereof. Neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned by either Party without the prior written consent of the other Party. Any attempted assignment in violation of this Section 10.4 will be void.

Appears in 2 contracts

Samples: Stock Purchase Agreement, Stock Purchase Agreement (Envestnet, Inc.)

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Binding Effect; Benefit; Assignment; Joinder. (a) This Agreement shall inure to the benefit of and be binding upon and enforceable by and against the Parties parties hereto and, only with respect to the provisions of Section 5.10 5.3 (Use of Marks; Name Change of the CompanyD&O Indemnity), Section 5.12 5.8 (Indemnity; Directors’ and Officers’ InsuranceTransfer Taxes), Section 9.5 (Release) and Article VIII), Section 9.13 (Specific Enforcement) shall inure to the benefit of and be enforceable by the Persons benefiting from the provisions thereof all of whom are intended to be third-party beneficiaries thereof. Neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned by either Party any of the parties hereto without the prior written consent of the other Partyparty. Any attempted assignment in violation of this Section 10.4 9.6 will be void.

Appears in 1 contract

Samples: Stock Purchase Agreement (Noah Education Holdings Ltd.)

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Binding Effect; Benefit; Assignment; Joinder. (a) This Agreement shall inure to the benefit of and be binding upon and enforceable by and against the Parties parties hereto and, only with respect to the provisions of Section 5.10 (Use of Marks; Name Change of the Company), Section 5.12 (Indemnity; Directors’ Sections 5.8 and Officers’ Insurance) and Article VIII)5.15, shall inure to the benefit of and be enforceable by the Persons benefiting from the provisions thereof all of whom are intended to be third-party beneficiaries thereof. Neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned by either Party any of the parties hereto without the prior written consent of each of the other Partyparties hereto; provided, however, that the Stockholders’ Representatives may assign their rights and obligations under this Agreement to any of their Affiliates without prior written consent. Any attempted assignment in violation of this Section 10.4 10.5(a) will be void.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Universal Health Services Inc)

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