Common use of Binding Effect; Termination Clause in Contracts

Binding Effect; Termination. This Agreement shall be binding upon and inure to the benefit of the Buyer and Seller and their respective successors and permitted assigns. This Agreement shall create and constitute the continuing obligations of the parties hereto in accordance with its terms, and shall remain in full force and effect until such time as the parties hereto shall agree.

Appears in 4 contracts

Samples: Note Purchase Agreement (Mallinckrodt PLC), Sale Agreement (Mallinckrodt PLC), Note Purchase Agreement (Mallinckrodt PLC)

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Binding Effect; Termination. This Agreement shall be binding upon bind and inure to the benefit of of, and be enforceable by, the Buyer and Seller parties hereto and their respective successors successors, heirs, and permitted assigns. This In the event that no Put Event has occurred and the Buyer has received a Letter Ruling satisfactory to Buyer, then this Agreement shall create terminate and constitute the continuing obligations be of the parties hereto in accordance with its terms, and shall remain in full no further force and effect until such time as the parties hereto shall agreeeffect.

Appears in 2 contracts

Samples: Conditional Option Agreement (Covol Technologies Inc), Conditional Option Agreement (Pacificorp /Or/)

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