Common use of Binding Effect; No Assignment Clause in Contracts

Binding Effect; No Assignment. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. 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. 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.

Appears in 11 contracts

Samples: Merger Agreement (Worldtalk Communications Corp), Stock Option Agreement (Galaxy Enterprises Inc /Nv/), Stock Option Agreement (Tumbleweed Communications Corp)

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Binding Effect; No Assignment. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. Except as expressly provided for in this Agreement, neither this Agreement agreement nor the rights or the obligations of either party hereto are assignableassignable or transferable, except by operation of law, law or with the written consent of the other 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.

Appears in 3 contracts

Samples: Agreement and Plan of Reorganization (Cardiometrics Inc), Agreement and Plan of Reorganization (Endosonics Corp), Stock Option Agreement (Endosonics Corp)

Binding Effect; No Assignment. (a) This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. Nothing in this Agreement shall create or be deemed to create any third party beneficiary rights in any Person not party to this Agreement. Except as expressly provided for in this Agreementpermitted below, neither no assignment of this Agreement nor the or of any rights or the obligations of hereunder may be made by either party hereto are assignable, except (by operation of law, law or with otherwise) without the prior written consent of the other party. Nothing contained in this Agreement, express or implied, is intended to confer upon any person other than the parties party hereto and their respective permitted assigns any rights or remedies of any nature whatsoever by reason of this Agreementattempted assignment without such required consent shall be void.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Big Entertainment Inc), Asset Purchase Agreement (Big Entertainment Inc)

Binding Effect; No Assignment. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. Except as expressly provided for in this Agreement, neither this Agreement 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. 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.

Appears in 2 contracts

Samples: Target Option Agreement (Amerilink Corp), Target Option Agreement (Tandy Corp /De/)

Binding Effect; No Assignment. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors successors, and permitted assigns. 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. 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.

Appears in 1 contract

Samples: Voting Agreement (Reliance Group Holdings Inc)

Binding Effect; No Assignment. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors successors, and permitted assigns. 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, except that Parent may assign its rights hereunder to any wholly-owned subsidiary of Parent. 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.

Appears in 1 contract

Samples: Stock Option Agreement (Leucadia National Corp)

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Binding Effect; No Assignment. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. 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. 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.. B-5

Appears in 1 contract

Samples: Stock Option Agreement (General Scanning Inc \Ma\)

Binding Effect; No Assignment. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. Except as expressly provided for in this Agreement, neither this Agreement nor the rights or the obligations of either party hereto are assignablelegal representatives, except by operation of law, or with the written consent of the other party. Nothing contained that nothing in this Agreement, express or implied, is intended to or shall confer upon any person other than the parties not a party hereto and their respective permitted assigns any rights right, benefit or remedies remedy of any nature whatsoever under or by reason of this Agreement. This Agreement is not assignable, and any purported assignment shall be void, except by operation of law or by Holdings to any of its affiliates.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Envision Development Corp /Fl/)

Binding Effect; No Assignment. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. 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, except that Parent may assign its rights hereunder to any wholly-owned subsidiary of Parent. 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.

Appears in 1 contract

Samples: Stockholders Agreement (Leucadia National Corp)

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