Common use of Binding Effect; Third Party Beneficiary Rights Clause in Contracts

Binding Effect; Third Party Beneficiary Rights. This Agreement shall be binding upon, inure to the benefit of, and be enforceable by the heirs, personal representatives, successors and permitted assigns of the parties hereto. Nothing expressed or referred to in this Agreement is intended or shall be construed to give any person other than the parties to this Agreement, or their respective heirs, personal representatives, successors or assigns, any legal or equitable rights, remedy or claim under or in respect of this Agreement or any provision contained herein except that the Majority Stockholder shall have all the rights, remedies and claims hereunder as if it were an original signatory hereto.

Binding Effect; Third Party Beneficiary Rights. This Agreement ---------------------------------------------- shall be binding upon, inure to the benefit of, and be enforceable by the heirs, personal representatives, successors and permitted assigns of the parties hereto. Nothing expressed or referred to in this Agreement is intended or shall be construed to give any person other than the parties to this Agreement, or their respective heirs, personal representatives, successors or assigns, any legal or equitable rights, remedy or claim under or in respect of this Agreement or any provision contained herein except that the Majority Stockholder shall have all the rights, remedies and claims hereunder as if it were an original signatory hereto.