Common use of BINDING UPON SUCCESSORS AND ASSIGNS, ASSIGNMENT Clause in Contracts

BINDING UPON SUCCESSORS AND ASSIGNS, ASSIGNMENT. This Agreement and the provisions hereof shall be binding upon each of the parties, their permitted successors and assigns. This Agreement may not be assigned by any party without the prior consent of the others, PROVIDED, HOWEVER, that HCCH shall be permitted at any time prior to the Effective Time to cause the assignment of Merger Sub's rights and obligations under this Agreement to another wholly owned Subsidiary of HCCH (without in any way relieving HCCH of its obligations under this Agreement with respect to Merger Sub or the Merger).

Appears in 2 contracts

Samples: Merger Agreement (HCC Insurance Holdings Inc/De/), Merger Agreement (HCC Insurance Holdings Inc/De/)

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BINDING UPON SUCCESSORS AND ASSIGNS, ASSIGNMENT. This Agreement and the provisions hereof shall be binding upon each of the parties, their permitted successors and assigns. This Agreement may not be assigned by any party without the prior consent of the others, PROVIDEDprovided, HOWEVERhowever, that HCCH HCC shall be permitted at any time prior to the Effective Time to cause the assignment of Merger Sub's rights and obligations under this Agreement to another wholly wholly-owned Subsidiary of HCCH HCC (without in any way relieving HCCH HCC of its obligations under this Agreement with respect to Merger Sub or the Merger).

Appears in 1 contract

Samples: Merger Agreement (HCC Insurance Holdings Inc/De/)

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BINDING UPON SUCCESSORS AND ASSIGNS, ASSIGNMENT. This Agreement and the provisions hereof shall be binding upon each of the parties, their permitted successors and assigns. This Agreement may not be assigned by any party without the prior consent of the others, PROVIDED, HOWEVERprovided however, that HCCH shall be permitted at any time prior to the Effective Time to cause the assignment of Merger Sub's rights and obligations under this Agreement to another wholly owned Subsidiary of HCCH (without in any way relieving HCCH of its obligations under this Agreement with respect to Merger Sub or the Merger).

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (HCC Insurance Holdings Inc/De/)

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