Binding Effect; No Third-Party Beneficiaries; Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties 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 a Party to this Agreement. No assignment of this Agreement or of any rights or obligations hereunder may be made by either the Seller or the Purchaser (by operation of law or otherwise) without the prior written consent of the other Parties hereto and any attempted assignment without the required consents shall be void.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Franklin Electric Co Inc), Stock Purchase Agreement (Tecumseh Products Co)
Binding Effect; No Third-Party Beneficiaries; Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties 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 person or entity not a Party party to this Agreement, except as otherwise contemplated by Section 2. No assignment of this Agreement or of any rights or obligations hereunder may be made by either the Seller any Party, directly or the Purchaser indirectly (by operation of law or otherwise) ), without the prior written consent of the other Parties hereto Parties, and any attempted assignment without the required consents shall be void.
Appears in 1 contract
Samples: Agreement (ATRM Holdings, Inc.)
Binding Effect; No Third-Party Beneficiaries; Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties parties 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 a Party party to this Agreement. No assignment of this Agreement or of any rights or obligations hereunder may be made by either the Seller or the Purchaser (by operation of law or otherwise) without the prior written consent of the other Parties parties hereto and any attempted assignment without the required consents shall be void.
Appears in 1 contract
