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 and their respective successors and permitted assigns. This Agreement is not assignable without the prior written consent of the other Party hereto, provided, however, that Buyer may assign this Agreement to any of its Affiliates without Seller's consent; provided further that any such assignee shall assume in writing all of Buyer's obligations hereunder and that no such assignment shall relieve Buyer of any of its obligations hereunder. Nothing in this Agreement, express or implied, is intended to or shall confer upon any other Person or entity any right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Cas Medical Systems Inc), Asset Purchase Agreement (Cas Medical Systems Inc)

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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 parties hereto and their respective successors and permitted assigns. This Except as expressly provided for in this Agreement, neither this Agreement is not assignable without nor the prior rights or obligations of either party thereto are assignable, except by operation of law, or with the written consent of the other Party heretoparty, provided, however, that Buyer may assign and any such attempted assignment in violation of this Agreement to any shall be void and of its Affiliates without Seller's consent; no force or effect. Except as provided further that any such assignee shall assume in writing all of Buyer's obligations hereunder and that no such assignment shall relieve Buyer of any of its obligations hereunder. Nothing Section 9(h)(i), nothing contained in this Agreement, express or implied, is intended to or shall confer upon any person other Person than the parties hereto and their respective permitted assigns and rights or entity any right, benefit or remedy remedies of any nature whatsoever under or whatsoever. Any Restricted Shares sold by reason a party in compliance with the provisions of Section 9 shall, upon consummation of such sale, be free of the restrictions imposed and the benefits provided with respect to such shares by this Agreement.

Appears in 2 contracts

Samples: Inacom Stock Option Agreement (Inacom Corp), Vanstar Stock Option Agreement (Inacom 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 parties and their respective successors and permitted assigns. This Agreement is not assignable without the prior written consent of the other Party parties hereto, provided, however, ; provided that Buyer may assign this Agreement designate that the Purchased Assets, in whole or in part, shall be sold, conveyed, assigned, transferred and delivered directly to any of its Affiliates without Seller's consent; provided further that any such assignee shall assume in writing all subsidiary of Buyer's obligations hereunder and that no such assignment shall relieve Buyer of any of its obligations hereunder. Nothing in this Agreement, express or implied, is intended to or shall confer upon any other Person person or entity any right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (Carbonite Inc)

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