Common use of Binding; No Assignment Clause in Contracts

Binding; No Assignment. This Agreement and all of the provisions hereof shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns, but neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned by the Seller without the prior written consent of the Purchaser. The Purchaser may assign all or part of this Agreement and its rights hereunder, (i) to an Affiliate or (ii) from and after the Closing to a Person, not a party to this Agreement, who acquires substantially all of the assets of such party and who assumes all of the obligations of such party hereunder, provided in each such case that no such assignment shall release such party from its duties and obligations hereunder.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Paltalk, Inc.), Asset Purchase Agreement (Aquamer Medical Corp.)

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Binding; No Assignment. This Agreement and all of the provisions hereof shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns, but neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned by any of the Seller parties hereto without the prior written consent of the Purchaser. The other parties, except by operation of Law and except that Purchaser may assign all or part of this Agreement and its rights hereunder, hereunder (ia) to an Affiliate of Purchaser or (iib) from and after the Closing to a Personperson, not a party to this Agreement, who acquires substantially all of the assets of such party Purchaser and who assumes all of the obligations of such party Purchaser hereunder, provided in each such case that no such assignment shall release such party Purchaser from its duties and obligations hereunder.

Appears in 1 contract

Samples: Merger Agreement (MDRNA, Inc.)

Binding; No Assignment. This Agreement and all of the provisions ---------------------- hereof shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns, but neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned by the Seller or the Shareholder without the prior written consent of the Purchaser. The Purchaser may assign all or part of this Agreement and its rights hereunder, hereunder (ia) to an Affiliate or (iib) from and after the Closing to a Personperson, not a party to this Agreement, who acquires substantially all of the assets of such party and who assumes all of the obligations of such party hereunder, provided in each such case that no such assignment shall release such party from its duties and obligations hereunder.

Appears in 1 contract

Samples: Asset Purchase Agreement (Healthcentral Com)

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Binding; No Assignment. This Agreement and all of the provisions hereof shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns, but neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned by any of the Seller parties hereto without the prior written consent of the Purchaser. The Purchaser other parties, except by operation of law and except that either party may assign all or part of this Agreement and its rights hereunder, hereunder (ia) to an Affiliate or (iib) from and after the Closing to a Personperson, not a party to this Agreement, who acquires substantially all of the assets of such party and who assumes all of the obligations of such party hereunder, provided in each such case that no such assignment shall release such party from its duties and obligations hereunder.

Appears in 1 contract

Samples: Stock Purchase Agreement (Official Information Co)

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