Common use of Binding Effect; No Assignment Clause in Contracts

Binding Effect; No Assignment. This Agreement will be binding upon and inure to the benefit of and be enforceable by and against, as applicable, the successors and assigns of the Parties hereto. Nothing in this Agreement, expressed or implied, is intended to confer on any person other than the Parties hereto and those persons or categories of persons specifically enumerated herein, or their respective successors and assigns, any rights, remedies, obligations or liabilities under or by reason of this Agreement. No Party to this Agreement may, directly or indirectly, assign its rights or delegate its obligations hereunder (whether voluntarily, involuntarily, or by operation of law) without the prior written consent of the other Parties. Any such attempted assignment will be null and void.

Appears in 14 contracts

Samples: Discount Management Program Standstill Agreement (BlackRock Innovation & Growth Term Trust), Discount Management Program Standstill Agreement (Blackrock Munivest Fund, Inc.), Discount Management Program Standstill Agreement (BlackRock ESG Capital Allocation Term Trust)

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Binding Effect; No Assignment. This Agreement will be binding upon and inure to the benefit of and be enforceable by and against, as applicable, the successors and assigns of the Parties hereto. Nothing in this Agreement, expressed or implied, is intended to confer on any person other than the Parties hereto and those persons or categories of persons specifically enumerated herein, or their respective successors and assigns, assigns any rights, remedies, obligations or liabilities under or by reason of this Agreement. No Party to this Agreement may, directly or indirectly, assign its rights or delegate its obligations hereunder (whether voluntarily, involuntarily, or by operation of law) without the prior written consent of the other Parties. Any such attempted assignment will be null and void.

Appears in 12 contracts

Samples: Standstill Agreement (ClearBridge Energy Midstream Opportunity Fund Inc.), Standstill Agreement (Saba Capital Management, L.P.), Standstill Agreement (Saba Capital Management, L.P.)

Binding Effect; No Assignment. This Agreement will be binding upon and inure to the benefit of and be enforceable by and against, as applicable, the successors and assigns of the Parties hereto. Nothing in this Agreement, expressed or implied, is intended to confer on any person other than the Parties hereto and those persons or categories of persons specifically enumerated hereinhereto, or their respective successors and assigns, assigns any rights, remedies, obligations or liabilities under or by reason of this Agreement. No Party to this Agreement may, directly or indirectly, assign its rights or delegate its obligations hereunder (whether voluntarily, involuntarily, or by operation of law) without the prior written consent of the other PartiesParty. Any such attempted assignment will be null and void.

Appears in 10 contracts

Samples: Standstill Agreement (Aberdeen Emerging Markets Equity Income Fund, Inc.), Standstill Agreement (Aberdeen Emerging Markets Equity Income Fund, Inc.), Standstill Agreement (Clough Global Equity Fund)

Binding Effect; No Assignment. This Agreement will be binding upon and inure to the benefit of and be enforceable by and against, as applicable, the successors and assigns of the Parties hereto. Nothing in this Agreement, expressed or implied, is intended to confer on any person other than the Parties hereto and those persons or categories of persons specifically enumerated hereinhereto, or their respective successors and assigns, assigns any rights, remedies, obligations or liabilities under or by reason of this Agreement. No Party to this Agreement may, directly or indirectly, assign its rights or delegate its obligations hereunder (whether voluntarily, involuntarily, or by operation of law) without the prior written consent of the other PartiesParty. Any such attempted assignment will be null and void.

Appears in 6 contracts

Samples: Agreement (Western Investment LLC), Agreement (Macquarie Global Infrastructure Total Return Fund Inc.), Agreement (Western Investment LLC)

Binding Effect; No Assignment. This Agreement will be binding upon and inure to the benefit of and be enforceable by and against, as applicable, the successors and assigns of the Parties parties hereto. Nothing in this Agreement, expressed or implied, is intended to confer on any person Person other than the Parties hereto and those persons or categories of persons specifically enumerated hereinparties hereto, or their respective successors and assigns, assigns any rights, remedies, obligations or liabilities under or by reason of this Agreement. No Party party to this Agreement may, directly or indirectly, assign its rights or delegate its obligations hereunder (whether voluntarily, involuntarily, or by operation of law) without the prior written consent of the other Partiesparty. Any such attempted assignment will be null and void.

Appears in 5 contracts

Samples: Settlement Agreement (Madison Covered Call & Equity Strategy Fund), Offer and Standstill Agreement (Western Asset Variable Rate Strategic Fund Inc.), Settlement Agreement (Bulldog Investors, LLC)

Binding Effect; No Assignment. This Agreement will shall be binding upon and inure to the benefit of and be enforceable by and against, as applicable, the successors and assigns of the Parties parties hereto. Nothing in this Agreement, expressed or implied, is intended to confer on any person or entity other than the Parties parties hereto and those persons or categories of persons specifically enumerated herein, or their respective successors heirs, successors, executors, administrators and assigns, assigns any rights, remedies, obligations or liabilities under or by reason of this Agreement. No Party party to this Agreement may, directly or indirectly, may assign its rights or delegate its obligations hereunder (whether voluntarily, involuntarily, or by operation of law) without the prior written consent of the other Partiesparty. Any such attempted assignment will shall be null and void.

Appears in 4 contracts

Samples: Separation Agreement (Kitty Hawk Inc), Execution Copy Separation Agreement (Kalitta Conrad A), 1 Agreement (Christopher M Tom)

Binding Effect; No Assignment. This Agreement will shall be binding upon and inure to the benefit of and be enforceable by and against, as applicable, the successors and assigns of the Parties parties hereto. Nothing in this Agreement, expressed or implied, is intended to confer on any person Person other than the Parties hereto and those persons or categories of persons specifically enumerated hereinparties hereto, or their respective successors heirs, successors, executors, administrators and assigns, assigns any rights, remedies, obligations or liabilities under or by reason of this Agreement. No Party party to this Agreement may, directly or indirectly, may assign its rights or delegate its obligations hereunder (whether voluntarily, involuntarily, or by operation of law) without the prior written consent of the other Partiesparties. Any such attempted assignment will shall be null and void.

Appears in 4 contracts

Samples: Standstill Agreement (Limoneira CO), Standstill Agreement (Limoneira CO), Standstill Agreement (Calavo Growers Inc)

Binding Effect; No Assignment. This Agreement will shall be binding ----------------------------- upon and inure to the benefit of and be enforceable by and against, as applicable, the successors and assigns of the Parties parties hereto. Nothing in this Agreement, expressed or implied, is intended to confer on any person Person other than the Parties parties hereto and those persons or categories of persons specifically enumerated herein, or their respective successors heirs, successors, executors, administrators and assigns, assigns any rights, remedies, obligations or liabilities under or by reason of this Agreement. No Party Neither party to this Agreement may, directly or indirectly, may assign its rights or delegate its obligations hereunder (whether voluntarily, involuntarily, or by operation of law) without the prior written consent of the other Partiesparty. Any such attempted assignment will shall be null and void.

Appears in 2 contracts

Samples: Standstill Agreement (Tc Group LLC), Standstill Agreement (Tc Group LLC)

Binding Effect; No Assignment. This Agreement will be binding upon and inure to the benefit of and be enforceable by and against, as applicable, the successors and assigns of the Parties heretoParties. Nothing in this Agreement, expressed or implied, is intended to confer on any person other than the Parties hereto and those persons or categories of persons specifically enumerated herein, or their respective successors and assigns, any rights, remedies, obligations or liabilities under or by reason of this Agreement. No Party to this Agreement may, directly or indirectly, assign its rights or delegate its obligations hereunder (whether voluntarily, involuntarily, involuntarily or by operation of law) without the prior written consent of the other Parties. Any such attempted assignment or delegation will be null and void.

Appears in 2 contracts

Samples: Standstill Agreement (Saba Capital Management, L.P.), Standstill Agreement (Saba Capital Management, L.P.)

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Binding Effect; No Assignment. This Agreement will be binding upon and inure to the benefit of and be enforceable by and against, as applicable, the successors and assigns of the Parties hereto. Nothing in this Agreement, expressed or implied, is intended to confer on any person other than the Parties hereto and those persons or categories of persons specifically enumerated herein, or their respective successors and assigns, assigns any rights, remedies, obligations or liabilities under or by reason of this Agreement. No Party to this Agreement may, directly or indirectly, assign its rights or delegate its obligations hereunder (whether voluntarily, involuntarily, or by operation of law) without the prior written consent of the other PartiesParty. Any such attempted assignment will be null and void.

Appears in 2 contracts

Samples: Standstill Agreement (Templeton Dragon Fund Inc), Standstill Agreement (Saba Capital Management, L.P.)

Binding Effect; No Assignment. This Agreement will be binding upon and inure to the benefit of and be enforceable by and against, as applicable, the successors and assigns of the Parties hereto. Nothing in this Agreement, expressed or implied, is intended to confer on any person Person other than the Parties hereto and those persons or categories of persons specifically enumerated hereinhereto, or their respective successors and assigns, assigns any rights, remedies, obligations or liabilities under or by reason of this Agreement. No Party to this Agreement may, directly or indirectly, assign its rights or delegate its obligations hereunder (whether voluntarily, involuntarily, or by operation of law) without the prior written consent of the other PartiesParty. Any such attempted assignment will be null and void.

Appears in 2 contracts

Samples: Settlement Agreement (Salomon Brothers Municipal Partners Fund Inc), Settlement Agreement (Salomon Brothers Municipal Partners Fund Ii Inc)

Binding Effect; No Assignment. This Agreement will be binding upon and inure to the benefit of and be enforceable by and against, as applicable, the successors and assigns of the Parties hereto. Nothing in this Agreement, expressed or implied, is intended to confer on any person other than the Parties hereto and those persons or categories of persons specifically enumerated herein, or their respective successors and assigns, any rights, remedies, obligations or liabilities under or by reason of this Agreement. No Party to this Agreement may, directly or indirectly, assign its rights or delegate its obligations hereunder (whether voluntarily, involuntarily, or by operation of law) without the prior written consent of the other Parties. Any such attempted assignment will be null and void.

Appears in 2 contracts

Samples: Standstill Agreement (Karpus Management, Inc.), Standstill Agreement (Western Asset Inflation-Linked Income Fund)

Binding Effect; No Assignment. This Agreement will be binding upon and inure to the benefit of and be enforceable by and against, as applicable, the successors and assigns of the Parties hereto. Nothing in this Agreement, expressed or implied, is intended to confer on any person other than the Parties hereto and those persons or categories of persons specifically enumerated hereinhereto, or their respective successors and assigns, any rights, remedies, obligations or liabilities under or by reason of this Agreement. No Party to this Agreement may, directly or indirectly, assign its rights or delegate its obligations hereunder (whether voluntarily, involuntarily, or by operation of law) without the prior written consent of the other PartiesParty. Any such attempted assignment will be null and void.

Appears in 1 contract

Samples: Standstill Agreement (Karpus Management, Inc.)

Binding Effect; No Assignment. This Agreement will shall be binding upon and inure to the benefit of and be enforceable by and against, as applicable, the successors and assigns of the Parties parties hereto. Nothing in this Agreement, expressed or implied, is intended to confer on any person Person other than the Parties parties hereto and those persons or categories of persons specifically enumerated herein, or their respective successors heirs, successors, executors, administrators and assigns, assigns any rights, remedies, obligations or liabilities under or by reason of this Agreement. No Party Neither party to this Agreement may, directly or indirectly, may assign its rights or delegate its obligations hereunder (whether voluntarily, involuntarily, or by operation of law) without the prior written consent of the other Partiesparty. Any such attempted assignment will shall be null and void.

Appears in 1 contract

Samples: Standstill Agreement (Aviall Inc)

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