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

Binding Effect; No Third-Party Beneficiaries; Assignment. This Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective successors and permitted assigns; and nothing in this Agreement, express or implied, is intended to confer upon any other person or entity any rights, benefits or remedies of any nature whatsoever under or by reason of this Agreement. This Agreement may not be assigned by either party hereto, except with the prior written consent of the other party hereto.

Appears in 16 contracts

Samples: Transition Services Agreement (Babcock & Wilcox Enterprises, Inc.), Transition Services Agreement (Babcock & Wilcox Enterprises, Inc.), Transition Services Agreement (Babcock & Wilcox Enterprises, Inc.)

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Binding Effect; No Third-Party Beneficiaries; Assignment. This Agreement shall inure to the benefit of and be binding upon the parties hereto Parties and their respective successors and permitted assigns; and, except as provided in Article III and Section 6.5(d) and Section 6.10, nothing in this Agreement, express or implied, is intended to confer upon any other person or entity Person except the Parties and their respective Subsidiaries any rights, benefits or remedies of any nature whatsoever under or by reason of this Agreement. This Agreement may not be assigned by either party heretoParty, except with the prior written consent of the other party heretoParty.

Appears in 8 contracts

Samples: Master Separation Agreement, Master Separation Agreement, Master Separation Agreement (Babcock & Wilcox Enterprises, Inc.)

Binding Effect; No Third-Party Beneficiaries; Assignment. This Agreement shall inure to the benefit of and be binding upon the parties hereto Parties and their respective successors and permitted assigns; assigns and nothing in this Agreement, express or implied, is intended to confer upon any other person or entity Person except the Parties and their respective Subsidiaries any rights, benefits or remedies of any nature whatsoever under or by reason of this Agreement. This Agreement may not be assigned by either party heretoParty, except with the prior written consent of the other party heretoParty.

Appears in 5 contracts

Samples: Tax Matters Agreement (Greatbatch, Inc.), Tax Matters Agreement (Nuvectra Corp), Tax Matters Agreement (Qig Group, LLC)

Binding Effect; No Third-Party Beneficiaries; Assignment. This Agreement shall inure to the benefit of and be binding upon the parties hereto Parties and their respective successors and permitted assigns; and, except as provided in Article III and Section 6.9, nothing in this Agreement, express or implied, is intended to confer upon any other person or entity Person except the Parties and their respective Groups any rights, benefits or remedies of any nature whatsoever under or by reason of this Agreement. This Agreement may not be assigned by either party heretoParty, except with the prior written consent of the other party heretoParty.

Appears in 3 contracts

Samples: Separation and Distribution Agreement (Greatbatch, Inc.), Separation and Distribution Agreement (Nuvectra Corp), Separation and Distribution Agreement (Qig Group, LLC)

Binding Effect; No Third-Party Beneficiaries; Assignment. This Agreement shall inure to the benefit of and be binding upon the parties hereto Parties and their respective successors and permitted assigns; and, except for the rights to indemnification provided to the members of the X. Xxx Group and the B&W Group under this Agreement, nothing in this Agreement, express or implied, is intended to confer upon any other person or entity Person any rights, benefits or remedies of any nature whatsoever under or by reason of this Agreement. This Agreement may not be assigned by either party heretoParty (including by operation of law or otherwise), except with the prior written consent of the other party heretoParty.

Appears in 3 contracts

Samples: Tax Sharing Agreement (McDermott International Inc), Tax Sharing Agreement (Babcock & Wilcox Co), Tax Sharing Agreement (Babcock & Wilcox Co)

Binding Effect; No Third-Party Beneficiaries; Assignment. This Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective successors and permitted assigns; and nothing in this Agreement, express or implied, is intended to confer upon any other person or entity any rights, benefits or remedies of any nature whatsoever under or by reason of this Agreement. This Agreement may not be assigned by either party hereto, except with the prior written consent of the other party hereto. Any purported assignment in violation of this Section 11.2 is void.

Appears in 3 contracts

Samples: Transition Services Agreement (Nuvectra Corp), Transition Services Agreement (Greatbatch, Inc.), Transition Services Agreement (Qig Group, LLC)

Binding Effect; No Third-Party Beneficiaries; Assignment. This Agreement shall inure to the benefit of and be binding upon the parties hereto Parties and their respective successors and permitted assigns; and nothing in this Agreement, express or implied, is intended to confer upon any other person or entity any rights, benefits or remedies of any nature whatsoever under or by reason of this Agreement. This Except as otherwise provided in Sections 2.1 and 2.4 with respect to the assignment of certain rights and obligations to a Party’s Affiliates, this Agreement may not be assigned by either party heretoParty, except with the prior written consent of the other party heretoParty.

Appears in 2 contracts

Samples: Transition Services Agreement (Phillips 66), Transition Services Agreement (Phillips 66)

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Binding Effect; No Third-Party Beneficiaries; Assignment. This Agreement shall inure to the benefit of and be binding upon the parties hereto Parties and their respective successors and permitted assigns; and, except as provided in Article III and Section 6.5(d) and Section 6.12, nothing in this Agreement, express or implied, is intended to confer upon any other person or entity Person except the Parties and their respective Subsidiaries any rights, benefits or remedies of any nature whatsoever under or by reason of this Agreement. This Agreement may not be assigned by either party heretoParty, except with the prior written consent of the other party heretoParty.

Appears in 2 contracts

Samples: Master Separation Agreement (Seventy Seven Energy Inc.), Master Separation Agreement (Chesapeake Oilfield Operating LLC)

Binding Effect; No Third-Party Beneficiaries; Assignment. This Agreement shall inure to the benefit of and be binding upon the parties hereto Parties and their respective successors and permitted assigns; and nothing in this Agreement, express or implied, is intended to confer upon any other person or entity any rights, benefits or remedies of any nature whatsoever under or by reason of this Agreement. This Except as otherwise provided in Sections 2.1 and 2.3 of this Agreement with respect to the assignment of certain rights and obligations to a Party’s Affiliates, this Agreement may not be assigned by either party heretoParty, except with the prior written consent of the other party heretoParty.

Appears in 1 contract

Samples: Transition Services Agreement (EP Energy Corp)

Binding Effect; No Third-Party Beneficiaries; Assignment. This Agreement shall be binding on and inure to the benefit of and be binding upon the parties hereto and their respective successors and permitted assigns; and nothing in this Agreementassigns of the Parties. Subject to the immediately preceding sentence, express or implied, is intended to confer upon any other no person or entity other than the Parties has or will have any rights, benefits rights or remedies of any nature whatsoever under or by reason of this Agreement. This Agreement may shall not be assigned in whole or in part by either party hereto, except with Party without first obtaining the prior written consent of the other party heretoother, and any attempted assignment without such prior written consent shall be void and of no force or effect.

Appears in 1 contract

Samples: Community Agreement

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