Common use of Binding Nature of Agreement; No Assignment Clause in Contracts

Binding Nature of Agreement; No Assignment. This Agreement shall be binding upon and inure to the benefit of the parties hereto and its respective successors and assigns, except that no party may assign or transfer its rights or obligations under this Agreement without the prior consent of the other party hereto, except that Buyer shall have the option, exercisable by giving written notice to Seller prior to the Closing Date, of assigning its rights under this Agreement to one or more affiliates of Buyer formed for the sole purpose of acquiring the Shares; provided, that Buyer shall not be released in any way from, and shall remain responsible for, its obligations under this Agreement.

Binding Nature of Agreement; No Assignment. This Agreement shall be binding upon and inure to the benefit of the parties hereto and its their respective successors and assigns, except that no . No party may assign or transfer its rights or obligations under this Agreement without the prior written consent of the other party hereto; provided, except that however, notwithstanding the foregoing provisions of this sentence, Buyer shall have the option, exercisable by giving written notice to Seller prior to the Closing Date, may assign all or any portion of assigning its rights under this Agreement to one or more affiliates of Buyer formed for provided Buyer remains personally liable to fully perform the sole purpose terms of acquiring the Shares; provided, that this Agreement and Buyer shall not be released in any way from, and shall remain responsible for, its obligations under this Agreementgive notice to Shareholders.

Binding Nature of Agreement; No Assignment. This Agreement shall be binding upon and inure to the benefit of the parties hereto and its their respective successors and assigns, except that no party may assign assign, delegate, or transfer its rights or obligations under this Agreement without the prior written consent of the other party parties hereto. Shareholders recognize and agree that, except that notwithstanding anything to contrary in this Agreement, Buyer shall have the optionmay assign, exercisable by giving written notice to Seller prior to the Closing Datedelegate, of assigning or transfer its rights under this Agreement to one any of Buyer's lenders. Any assignment, delegation, or more affiliates transfer made in violation of Buyer formed for the sole purpose of acquiring the Shares; provided, that Buyer this Section 8.4 shall not be released in any way from, null and shall remain responsible for, its obligations under this Agreementvoid.

Binding Nature of Agreement; No Assignment. This Agreement shall be binding upon and inure to the benefit of the parties hereto and its respective successors and assigns, except that no party may assign or transfer its rights or obligations under this Agreement without the prior consent of the other party hereto. Notwithstanding the foregoing, except that Buyer shall have the option, exercisable by giving written notice to Seller prior to the Closing DateClosing, of assigning its rights under this Agreement to one or more affiliates of Buyer formed for the sole purpose of acquiring the Shares; provided, that Buyer shall not be released in any way from, and shall remain responsible for, its obligations under this Agreement.