Binding on Assignees Clause Samples
The "Binding on Assignees" clause ensures that the rights and obligations established in an agreement extend to any parties who later assume those rights or obligations through assignment. In practice, this means that if one party transfers its interest in the contract to another entity, the new party is legally required to honor all terms and conditions as if they were an original signatory. This clause is essential for maintaining the continuity and enforceability of the contract, preventing parties from evading their responsibilities by simply assigning their interests to others.
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Binding on Assignees. Each and all of the covenants, terms, provisions and agreements herein contained shall be binding upon and inure to the benefit of the successors and assigns of the respective parties hereto, subject to the provisions of Section 10.2, which control the assignment or other transfer of Company Interests.
Binding on Assignees. Either party may assign this Contract. This Contract is binding upon and inures to the benefit of the successors, assigns, heirs, personal representatives, and representatives in bankruptcy of the parties, and, subject to any prior dedications by the assignee, shall be binding upon any purchaser of Buyer’s Facilities and upon any purchaser of the properties of Seller subject to this Contract. Nothing contained in this Section will prevent either party from mortgaging its rights as security for its indebtedness, but security is subordinate to the parties’ rights and obligations under this Contract.
Binding on Assignees. Either party may assign this Contract. This Contract is binding upon and inures to the benefit of the successors, assigns, heirs, personal representatives, and representatives in bankruptcy of the parties, and, subject to any prior dedications by the assignee, shall be binding upon the following parties: (i) any purchaser of Buyer’s Facilities; (ii) any unaffiliated purchaser of all or substantially all of the properties of Seller subject to this Contract; and (iii) any affiliated purchasers of any of the properties of Seller subject to this Contract. Nothing contained in this Section will prevent either party from mortgaging its rights as security for its indebtedness, but security is subordinate to the parties’ rights and obligations under this Contract.
Binding on Assignees. Neither Party may assign this Agreement or any of the rights, interests or obligations under this Agreement without the prior written consent of the other Party, which consent shall not be unreasonably withheld; provided, however, that either Party may assign its rights under this Agreement to a successor in interest resulting from any merger, reorganization, consolidation or as part of a sale of all or substantially all of its assets. This Agreement is binding upon and inures to the benefit of the successors, permitted assigns, and representatives in bankruptcy of the Parties. Nothing contained in this Section will prevent either Party from mortgaging its rights as security for its indebtedness, but any such mortgage shall be subordinate to the Parties’ rights and obligations under this Agreement.
Binding on Assignees. This Agreement shall be binding on and inure to the benefit of the heirs, successors and assigns of the Parties to the Agreement.
Binding on Assignees. 15. The provisions of this agreement shall be binding on all parties, whether companies, trusts, estates, partnerships or individuals, who may be assignees of either Axyn or Bell.
Binding on Assignees. 24 FOURTH AMENDED OPERATING AGREEMENT OF YOSEMITE MORTGAGE FUND II, LLC A California Limited Liability Company THIS FOURTH AMENDED OPERATING AGREEMENT ("Agreement") was made and entered into as of the 31st day of January, 2003, by and among MFP Management LLC, a California limited liability company (the "Manager"), and Pontes Financial Group, Ltd., a California corporation, in its capacit▇ ▇▇ ▇he initial member of the Company (the "Initial Member"), collectively with all other Persons who may become members of the Company from time to time in accordance herewith (the "Members"), and Yosemite Mortgage Fund II, LLC, a California limited liability company (the "Company").
Binding on Assignees. The terms and provisions of this Agreement -------------------- shall be valid and binding upon Seller and Buyer and their respective successors and assigns and shall inure to the benefit of Seller, Buyer, and their respective successors and permitted assigns.
Binding on Assignees. Neither party may assign this Contract nor any of the rights, interests or obligations under this Contract without the prior written consent of the other party, which shall not be unreasonably withheld. This Contract is binding upon and inures to the benefit of the successors, assigns, and representatives in bankruptcy of the parties, and, subject to any prior dedications by the assignee, shall be binding upon any purchaser of Processor’s Facilities and upon any assignee or successor of Supplier. Nothing contained in this Section will prevent either party from mortgaging its rights as security for its indebtedness, but security is subordinate to the parties’ rights and obligations under this Contract.
Binding on Assignees. Neither Party may assign this Agreement or any of the rights, interests or obligations under this Agreement without the prior written consent of the other Party, which consent shall not be unreasonably withheld; provided, however, that either Party may assign its rights under this Agreement to a successor in interest resulting from any SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH TWO ASTERISKS (**). merger, reorganization, consolidation or as part of a sale of all or substantially all of its assets. This Agreement is binding upon and inures to the benefit of the successors, permitted assigns, and representatives in bankruptcy of the Parties. Nothing contained in this Section will prevent either Party from mortgaging its rights as security for its indebtedness, but any such mortgage shall be subordinate to the Parties’ rights and obligations under this Agreement.