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

Binding Effect; No Assignment; No Third-Party Beneficiaries. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. Neither this Agreement nor the rights or the obligations of either party hereto are assignable, except by operation of law, or with the written consent of the other party (it being agreed that all transactions contemplated by Section 2.1(b) and (c) of the Business Combination Agreement shall not be considered assignments in violation of this Section 13). Nothing contained in this Agreement, express or implied, is intended to confer upon any person other than the parties hereto and their respective permitted assigns any rights or remedies of any nature whatsoever by reason of this Agreement. Any Restricted Shares sold by a party in compliance with the provisions of Section 8 shall, upon consummation of such sale, be free of the restrictions imposed with respect to such shares by this Agreement, unless and until such party shall repurchase or otherwise become the beneficial owner of such shares, and any transferee of such shares shall not be entitled to the registration rights of such party.

Appears in 4 contracts

Samples: Trenwick Stock Option Agreement (Lasalle Re Holdings LTD), Lasalle Stock Option Agreement (Trenwick Group Inc), Lasalle Stock Option Agreement (Lasalle Re Holdings LTD)

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Binding Effect; No Assignment; No Third-Party Beneficiaries. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. Neither Except as expressly provided for in this Agreement, neither this Agreement nor the rights or the obligations of either party hereto are assignable, except by operation of law, or with the written consent of the other party (it being agreed that all transactions contemplated by Section 2.1(b) and (c) of the Business Combination Agreement shall not be considered assignments in violation of this Section 13)party. Nothing contained in this Agreement, express or implied, is intended to confer upon any person other than the parties hereto and their respective permitted assigns any rights or remedies of any nature whatsoever by reason of this Agreement. Any Restricted Company Shares sold by a party in compliance with the provisions of Section 8 7 shall, upon consummation of such sale, be free of the restrictions imposed with respect to such shares by this Agreement, unless and until such party shall repurchase or otherwise become the beneficial owner of such shares, and any transferee of such shares shall not be entitled to the registration rights of such party.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Kulicke & Soffa Industries Inc), Agreement and Plan of Merger (Kulicke & Soffa Industries Inc), Stock Option Agreement (Kulicke & Soffa Industries Inc)

Binding Effect; No Assignment; No Third-Party Beneficiaries. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. Neither this Agreement nor the rights or the obligations of either party hereto are assignable, except by operation of law, or with the written consent of the other party (it being agreed that all transactions contemplated by Section 2.1(b) and (c) of the Business Combination Agreement shall not be considered assignments in violation of this Section 13)party. Nothing contained in this Agreement, express or implied, is intended to confer upon any person other than the parties hereto and their respective permitted assigns any rights or remedies of any nature whatsoever by reason of this Agreement. Any Restricted Shares sold by a party in compliance with the provisions of Section 8 shall, upon consummation of such sale, be free of the restrictions imposed with respect to such shares by this Agreement, unless and until such party shall repurchase or otherwise become the beneficial owner of such shares, and any transferee of such shares shall not be entitled to the registration rights of such party.

Appears in 3 contracts

Samples: 1 Stock Option Agreement (Trenwick Group Inc), Stock Option Agreement (Chartwell Re Holdings Corp), Stock Option Agreement (Chartwell Re Corp)

Binding Effect; No Assignment; No Third-Party Beneficiaries. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. Neither Except as expressly provided for in this Agreement, neither this Agreement nor the rights or the obligations of either party hereto are assignable, except by operation of law, or with the written consent of the other party (it being agreed that all transactions contemplated by Section 2.1(b) party, and (c) of the Business Combination Agreement shall not be considered assignments any such attempted assignment in violation of this Section 13)Agreement shall be void and of no force or effect. Nothing contained in this Agreement, express or implied, is intended to confer upon any person other than the parties hereto and their respective permitted assigns any rights or remedies of any nature whatsoever by reason of this Agreementwhatsoever. Any Restricted Shares sold by a party in compliance with the provisions of Section 8 10 shall, upon consummation of such sale, be free of the restrictions imposed with respect to such shares by this Agreement, unless and until such party shall repurchase or otherwise become the beneficial owner of such shares, and any transferee of such shares shall not be entitled to the registration rights of such party.such

Appears in 3 contracts

Samples: Stock Option Agreement (Networks Associates Inc/), Stock Option Agreement (Cybermedia Inc), Stock Option Agreement (Networks Associates Inc/)

Binding Effect; No Assignment; No Third-Party Beneficiaries. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. Neither Except as expressly provided for in this Agreement, neither this Agreement nor the rights or the obligations of either party hereto are assignable, except by operation of law, or with the written consent of the other party (it being agreed that all transactions contemplated by Section 2.1(b) and (c) of the Business Combination Agreement shall not be considered assignments in violation of this Section 13)party. Nothing contained in this Agreement, express expressed or implied, is intended to confer upon any person other than the parties hereto and their respective permitted assigns any rights or remedies of any nature whatsoever by reason of this Agreement. Any Restricted Shares sold by a party in compliance with the provisions of Section 8 10 shall, upon consummation of such sale, be free of the restrictions imposed with respect to such shares by this Agreement, ; unless and until such party shall repurchase or otherwise become the beneficial owner of such shares, and any transferee of such shares shall not be entitled to the registration rights of such party.

Appears in 3 contracts

Samples: Stock Option Agreement (Indiana Energy Inc), Stock Option Agreement (Sigcorp Inc), Stock Option Agreement (Ku Energy Corp)

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Binding Effect; No Assignment; No Third-Party Beneficiaries. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. Neither Except as expressly provided for in this Agreement, neither this Agreement nor the rights or the obligations of either party hereto are assignable, except by operation of law, or with the written consent of the other party (it being agreed that all transactions contemplated by Section 2.1(b) party, and (c) of the Business Combination Agreement shall not be considered assignments any such attempted assignment in violation of this Section 13)Agreement shall be void and of no force or effect. Nothing contained in this Agreement, express or implied, is intended to confer upon any person other than the parties hereto and their respective permitted assigns any rights or remedies of any nature whatsoever by reason of this Agreementwhatsoever. Any Restricted Shares sold by a party in compliance with the provisions of Section 8 9 shall, upon consummation of such sale, be free of the restrictions imposed with respect to such shares by this Agreement, unless and until such party shall repurchase or otherwise become the beneficial owner of such shares, and any transferee of such shares shall not be entitled to the registration rights of such party.

Appears in 2 contracts

Samples: Exhibit 2 Stock Option Agreement (CFM Technologies Inc), Exhibit 5 Stock Option Agreement (Mattson Technology Inc)

Binding Effect; No Assignment; No Third-Party Beneficiaries. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. Neither Except as expressly provided for in this Agreement, neither this Agreement nor the rights or the obligations of either party hereto are assignable, except by operation of law, or with the written consent of the other party (it being agreed that all transactions contemplated by Section 2.1(b) and (c) of the Business Combination Agreement shall not be considered assignments in violation of this Section 13)party. Nothing contained in this Agreement, express expressed or implied, is intended to confer upon any person other than the parties hereto and their respective permitted assigns any rights or remedies of any nature whatsoever by reason of this Agreement. Any Restricted Shares sold by a party in compliance with the provisions of Section 8 10 shall, upon consummation of such sale, be free of the restrictions imposed with respect to such shares by this Agreement, unless and until such party shall repurchase or otherwise become the beneficial owner of such shares, and any transferee of such shares shall not be entitled to the registration rights of such party.

Appears in 1 contract

Samples: Energy Corporation Stock Option Agreement (Ku Energy Corp)

Binding Effect; No Assignment; No Third-Party Beneficiaries. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. Neither Except as expressly provided for in this Agreement, neither this Agreement nor the rights or the obligations of either party hereto are assignable, except by operation of law, or with the written consent of the other party (it being agreed that all transactions contemplated by Section 2.1(b) and (c) of the Business Combination Agreement shall not be considered assignments in violation of this Section 13)party. Nothing contained in this Agreement, express or implied, is intended to confer upon any person other than the parties hereto and their respective permitted assigns any rights or remedies of any nature whatsoever by reason of this Agreement. Any Restricted Shares sold by a party in compliance with the provisions of Section 8 9 shall, upon consummation of such sale, be free of the restrictions imposed with respect to such shares by this Agreement, unless and until such party shall repurchase or otherwise become the beneficial owner of such shares, and any transferee of such shares shall not be entitled to the registration rights of such party.

Appears in 1 contract

Samples: Stock Option Agreement (Horizon CMS Healthcare Corp)

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