Common use of Binding Effect; Benefits; Assignment Clause in Contracts

Binding Effect; Benefits; Assignment. Upon the entry of an Order by the Court approving this Agreement, all of the terms of this Agreement shall be binding upon, inure to the benefit of and be enforceable by and against Seller and its successors and authorized assigns, and Buyer and its successors and authorized assigns. Nothing in this Agreement, express or implied, is intended to confer upon any other person any rights or remedies under or by reason of this Agreement except as expressly indicated herein. Neither Seller nor Buyer shall assign any of their respective rights or obligations under this Agreement to any other person, firm or corporation without the prior written consent of the other party, except that Buyer may assign its rights and obligations under this Agreement to a direct or indirect wholly-owned subsidiary of Buyer, although Buyer shall remain fully responsible for all of its obligations under this Agreement.

Appears in 2 contracts

Samples: Asset Purchase Agreement (VDC Corp LTD), Asset Purchase Agreement (VDC Corp LTD)

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Binding Effect; Benefits; Assignment. Upon the entry of an Order by the Court approving this Agreement, all All of the terms of this Agreement shall be binding upon, inure to the benefit of and be enforceable by and against Seller and its successors and authorized assigns, and Buyer and its successors and authorized assigns. Nothing in this Agreement, express or implied, is intended to confer upon any other person any rights or remedies under or by reason of this Agreement except as expressly indicated herein. Neither Seller nor Buyer shall assign any of their respective rights or obligations under this Agreement to any other person, firm or corporation without the prior written consent of the other party, except that Buyer may assign its rights and obligations under this Agreement to a direct or indirect wholly-owned subsidiary of Buyer, although Buyer shall remain fully responsible for all of its obligations under this Agreement.

Appears in 2 contracts

Samples: Asset Purchase Agreement (VDC Corp LTD), Asset Purchase Agreement (VDC Corp LTD)

Binding Effect; Benefits; Assignment. Upon the entry of an Order by ------------------------------------ the Court approving this Agreement, all of the terms of this Agreement shall be binding upon, inure to the benefit of and be enforceable by and against Seller and its successors and authorized assigns, and Buyer and its successors and authorized assigns. Nothing in this Agreement, express or implied, is intended to confer upon any other person any rights or remedies under or by reason of this Agreement except as expressly indicated herein. Neither Seller nor Buyer shall assign any of their respective rights or obligations under this Agreement to any other person, firm or corporation without the prior written consent of the other party, except that Buyer may assign its rights and obligations under this Agreement to a direct or indirect wholly-owned subsidiary of Buyer, although Buyer shall remain fully responsible for all of its obligations under this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (Portacom Wireless Inc/)

Binding Effect; Benefits; Assignment. Upon the entry of an Order by the Court approving this Agreement, all of the The terms of this Agreement shall be binding upon, inure to the benefit of and be enforceable by and against Seller and its successors and authorized assigns, and Buyer and its successors and authorized assigns. Nothing in this Agreement, express or implied, is intended to confer upon any other person any rights or remedies under or by reason of this Agreement except as expressly indicated herein. Neither Seller nor Buyer shall assign any of their respective rights or obligations under this Agreement to any other person, firm or corporation without the prior written consent of the other party, except that Buyer may assign its rights and obligations under this Agreement to a direct or indirect wholly-owned subsidiary of BuyerOsage, although Buyer shall remain fully responsible for all of its obligations under this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (Intranet Solutions Inc)

Binding Effect; Benefits; Assignment. Upon the entry of an Order by the Court approving this Agreement, all All of the terms of this Agreement shall be binding upon, inure to the benefit of and be enforceable by and against Seller and its the successors and authorized assignspermitted assigns of the Company, the Holders and Buyer and its successors and authorized assignsBuyer. Nothing in this Agreement, express or implied, is intended to confer upon any other person any rights or remedies under or by reason of this Agreement except as expressly indicated hereinin this Agreement. Neither Seller the Company, the Holders nor Buyer shall assign any of their respective rights or obligations under this Agreement to any other person, firm or corporation without the prior written consent of the other partyparty to this Agreement, except that Buyer may assign its rights and delegate its obligations under this Agreement pursuant to a direct or indirect wholly-owned subsidiary its right to amend the Schedule of Buyer, although Buyer shall remain fully responsible for all of its obligations Purchasers under this AgreementSection 1.2.

Appears in 1 contract

Samples: Stock Purchase Agreement (Berg & Berg Enterprises Inc)

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Binding Effect; Benefits; Assignment. Upon the entry of an Order by the Court approving this Agreement, all All of the terms of this ------------------------------------ Agreement shall be binding upon, inure to the benefit of and be enforceable by and against Seller and its successors and authorized assigns, and Buyer and its successors and authorized assigns. Nothing in this Agreement, express or implied, is intended to confer upon any other person any rights or remedies under or by reason of this Agreement except as expressly indicated herein. Neither Seller nor Buyer shall assign any of their respective rights or obligations under this Agreement to any other person, firm or corporation without the prior written consent of the other party, except that Buyer may assign its rights and obligations under this Agreement to a direct or indirect wholly-owned subsidiary of Buyer, although Buyer shall remain fully responsible for all of its obligations under this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (Portacom Wireless Inc/)

Binding Effect; Benefits; Assignment. Upon the entry of an Order by the Court approving this Agreement, all of the terms of this This Agreement shall be binding upon, inure to the benefit of and be enforceable by binding upon the parties hereto and against Seller and its their respective successors and authorized permitted assigns, heirs and Buyer and its successors and authorized assignslegal representatives. Nothing Except as otherwise set forth herein, nothing in this Agreement, express or implied, is intended to confer upon on any person other person than the parties hereto or their respective successors and permitted assigns any rights rights, remedies, obligations, or remedies liabilities under or by reason of this Agreement except as expressly indicated hereinAgreement. Neither Seller nor Buyer shall No party may assign any of their respective its rights or obligations under this Agreement to any other person, firm or corporation hereunder without the prior written consent of the other party except in connection with the sale of substantially all of such party, 's assets and except that Buyer may assign its rights and obligations under this Agreement hereunder in whole or in part to a direct or indirect wholly-owned subsidiary of Buyer, although if Buyer shall remain fully responsible for all guarantees full and complete performance by the subsidiary of its obligations under this Agreementhereunder in a form reasonably satisfactory to Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Alltrista Corp)

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