Common use of Binding Nature and Assignment Clause in Contracts

Binding Nature and Assignment. This Agreement will be binding on the Parties and their respective successors and permitted assigns. Except as provided in this Section 16.10, neither Party may, or will have the power to, assign this Agreement without the prior written consent of the other, which consent shall not be unreasonably withheld, except that either Party may assign its rights and obligations under this Agreement to an Affiliate which expressly assumes such Party's obligations and responsibilities hereunder, without the approval of the other Party. The assigning Party shall remain fully liable for and shall not be relieved from the full performance of all obligations under this Agreement. Any attempted assignment that does not comply with the terms of this Section 16.10 shall be null and void. Any Party assigning its rights or obligations to an Affiliate in accordance with this Agreement shall provide written notice thereof to the other Party together with a copy of the assignment document, within three (3) business days of such assignment.

Appears in 2 contracts

Samples: Information Systems Management Agreement (Flagstar Companies Inc), Information Systems Management Agreement (Simione Central Holdings Inc)

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Binding Nature and Assignment. This The Agreement will be binding on the Parties and their respective successors and permitted assigns. Except as provided in this Section 16.1017.9, neither Party may, or will have the power to, assign this the Agreement without the prior written consent of the other, which consent shall not be unreasonably withheld, except that either Party may assign its rights and obligations under this the Agreement in whole or in part to an Affiliate which expressly assumes such Party's obligations and responsibilities hereunder, without the approval of the other Party. The assigning Party shall remain fully liable for and shall not be relieved from the full performance of all obligations under this the Agreement. Any attempted assignment that does not comply with the terms of this Section 16.10 17.9 shall be null and void. Any Party assigning its rights or obligations to an Affiliate in accordance with this the Agreement shall provide written notice thereof to the other Party together with a copy of the assignment document, within three (3) business days of such assignment.

Appears in 1 contract

Samples: Master Agreement for Operations Support Services (Fidelity National Information Services, Inc.)

Binding Nature and Assignment. This The Agreement will be binding on the Parties and their respective successors and permitted assigns. Except as provided in this Section 16.1017.9, neither Party may, ------------ or will have the power to, assign this the Agreement without the prior written consent of the other, which consent shall not be unreasonably withheld, except that either Party may assign its rights and obligations under this the Agreement in whole or in part to an Affiliate which expressly assumes such Party's obligations and responsibilities hereunder, without the approval of the other Party. The assigning Party shall remain fully liable for and shall not be relieved from the full performance of all obligations under this the Agreement. Any attempted assignment that does not comply with the terms of this Section 16.10 17.9 ------------ shall be null and void. Any Party assigning its rights or obligations to an Affiliate in accordance with this the Agreement shall provide written notice thereof to the other Party together with a copy of the assignment document, within three (3) business days of such assignment.

Appears in 1 contract

Samples: Master Agreement for Operations Support Services (Equifax Inc)

Binding Nature and Assignment. This The Agreement will be binding on the Parties and their respective successors and permitted assigns. Except as provided in this Section 16.1017.9, neither Party may, or will have the power to, assign this the Agreement without the prior written consent of the other, which consent shall not be unreasonably withheld, except that either Party may assign its rights and obligations under this the Agreement in whole or in part to an Affiliate which expressly assumes such Party's ’s obligations and responsibilities hereunder, without the approval of the other Party. The assigning Party shall remain fully liable for and shall not be relieved from the full performance of all obligations under this the Agreement. Any attempted assignment that does not comply with the terms of this Section 16.10 17.9 shall be null and void. Any Party assigning its rights or obligations to an Affiliate in accordance with this the Agreement shall provide written notice thereof to the other Party together with a copy of the assignment document, within three (3) business days of such assignment.

Appears in 1 contract

Samples: Master Agreement for Operations Support Services (Certegy Inc)

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Binding Nature and Assignment. This The Agreement will be binding on the Parties and their respective successors and permitted assigns. Except as provided in this Section 16.1017.9, neither Party may, ------------ or will have the power to, assign this the Agreement without the prior written consent of the other, which consent shall not be unreasonably withheld, except that either Party Equifax may assign its rights and obligations under this the Agreement to an Affiliate which expressly assumes such Party's its obligations and responsibilities hereunder, without the approval of the other PartyEDS. The assigning Party shall remain fully liable for and shall not be relieved from the full performance of all obligations under this the Agreement. Any attempted assignment that does not comply with the terms of this Section 16.10 17.9 shall be null and void. Any Party assigning If Equifax assigns ------------ its rights or obligations to an Affiliate in accordance with this Agreement the Agreement, Equifax shall provide written notice thereof to the other Party EDS together with a copy of the assignment document, within three (3) business days of after such assignment.

Appears in 1 contract

Samples: Master Agreement for Operations Support Services (Equifax Inc)

Binding Nature and Assignment. This The Agreement will be binding on the Parties and their respective successors and permitted assigns. Except as provided in this Section 16.10SECTION 17.9, neither Party may, or will have the power to, assign this the Agreement without the prior written consent of the other, which consent shall not be unreasonably withheld, except that either Party may assign its rights and Equifax / IBM Confidential obligations under this the Agreement in whole or in part to an Affiliate which expressly assumes such Party's obligations and responsibilities hereunder, without the approval of the other Party. The assigning Party shall remain fully liable for and shall not be relieved from the full performance of all obligations under this the Agreement. Any attempted assignment that does not comply with the terms of this Section 16.10 SECTION 17.9 shall be null and void. Any Party assigning its rights or obligations to an Affiliate in accordance with this the Agreement shall provide written notice thereof to the other Party together with a copy of the assignment document, within three (3) business days of such assignment.

Appears in 1 contract

Samples: Master Agreement for Operations Support Services (Equifax Inc)

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