Common use of Binding Provisions; Assignment Clause in Contracts

Binding Provisions; Assignment. This Agreement and all of the covenants and agreements contained in this Agreement shall be binding upon and inure to the benefit of the Parties hereto and, except as provided herein, their respective successors and assigns. This Agreement may not be assigned (a) by any Seller Party that is a party hereto without the prior written consent of the Buyer or (b) by the Buyer without the prior written consent of the Seller, except that the Buyer may assign this Agreement or its rights and obligations hereunder to any of its Affiliates. The Party making any such assignment shall remain primarily liable with respect to any of its obligations so assigned. Any attempt to assign this Agreement in a manner prohibited by this Section 9.1 shall be void.

Appears in 3 contracts

Samples: Unit Purchase Agreement, Unit Purchase Agreement (Chesapeake Energy Corp), Unit Purchase Agreement (Access Midstream Partners Lp)

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Binding Provisions; Assignment. This Agreement and all of the covenants and agreements contained in this Agreement shall be binding upon and inure to the benefit of the Parties hereto and, except as provided herein, their respective successors and assigns. This Agreement may not be assigned (a) by any Seller Party that is a party hereto without the prior written consent of the Buyer or (b) by the Buyer without the prior written consent of the SellerSeller Parties, except that the Buyer may assign this Agreement or its rights and obligations hereunder to any of its Affiliates. The ; provided, however, that the Party making any such assignment shall remain primarily liable with respect to any of its obligations so assigned. Any attempt to assign this Agreement in a manner prohibited by this Section 9.1 shall be void.

Appears in 1 contract

Samples: Unit Purchase Agreement (Chesapeake Midstream Partners Lp)

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