Common use of Effective; Binding Clause in Contracts

Effective; Binding. This Agreement will be effective upon the due execution hereof by each Party. Upon becoming effective, this Agreement will be binding upon each Party and upon each successor and assignee of each Party and will inure to the benefit of, and be enforceable by, each Party and each successor and assignee of each Party; provided, however, that, except as provided for in the immediately following sentence, no Party may assign any right or obligation arising pursuant to this Agreement without first obtaining the written consent of the other Parties. Buyer may assign all or a portion of its rights and obligations under this Agreement to one or more Affiliates of Buyer upon prior written notice to Sellers’ Representative, provided that Buyer will remain liable hereunder notwithstanding any such assignment.

Appears in 2 contracts

Samples: Merger Agreement (Glass House Brands Inc.), Merger Agreement (Glass House Brands Inc.)

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Effective; Binding. This Agreement will be effective upon the due execution hereof by each Party. Upon becoming effective, this Agreement will be binding upon each Party and upon each successor and assignee of each Party and will inure to the benefit of, and be enforceable by, each Party and each successor and assignee of each Party; provided, however, that, except as provided for in the immediately following sentence, no Party may assign any right or obligation arising pursuant to this Agreement without first obtaining the written consent of the other Parties. Buyer may assign all or a portion of its rights and obligations under under‌ this Agreement to one or more Affiliates of Buyer upon prior written notice to Sellers’ Representative, provided that Buyer will remain liable hereunder notwithstanding any such assignment.

Appears in 1 contract

Samples: Equity Purchase Agreement

Effective; Binding. This Agreement will be effective upon the due execution hereof by each Party. Upon becoming effective, this Agreement will be binding upon each Party and upon each successor and assignee of each Party and will inure to the benefit of, and be enforceable by, each Party and each successor and assignee of each Party; provided, however, that, except as provided for in the immediately following sentence, no Party may assign any right or obligation arising pursuant to this Agreement without first obtaining the written consent of the other Parties. Buyer may assign all or a portion of its rights and obligations under this Agreement to one or more Affiliates of Buyer upon prior written notice to Sellers’ RepresentativeSeller, provided that Buyer will remain liable hereunder notwithstanding any such assignment.assignment.‌

Appears in 1 contract

Samples: Equity Purchase Agreement

Effective; Binding. This Agreement will be effective upon the due execution hereof by each Party. Upon becoming effective, this Agreement will be binding upon each Party and upon each successor and assignee of each Party and will inure to the benefit of, and be enforceable by, each Party and each successor and assignee of each Party; provided, however, that, except as provided for in the immediately following sentence, no Party may assign any right or obligation arising pursuant to this Agreement without first obtaining the written consent of the other Parties. Buyer may assign all or a portion of its rights and obligations under this Agreement to one or more Affiliates of Buyer upon prior written notice to Sellers’ RepresentativeSeller, provided that Buyer will remain liable hereunder notwithstanding any such assignment.

Appears in 1 contract

Samples: Equity Purchase Agreement (Vireo Health International, Inc.)

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Effective; Binding. This Agreement will be effective upon the due execution hereof by each Party. Upon becoming effective, this Agreement will be binding upon each Party and upon each successor and assignee of each Party and will inure to the benefit of, and be enforceable by, each Party and each successor and assignee of each Party; provided, however, that, except as provided for in the immediately following sentence, no Party may assign any right or obligation arising pursuant to this Agreement without first obtaining the written consent of the other Parties. Buyer may assign all or a portion of its rights and obligations under this Agreement to one or more Affiliates of Buyer upon prior written notice to the Sellers’ Representative, provided that Buyer will remain liable hereunder notwithstanding any such assignment.

Appears in 1 contract

Samples: Equity Purchase Agreement

Effective; Binding. This Agreement will be effective upon the due execution hereof by each Partyparty to this Agreement. Upon becoming effective, this Agreement will be binding upon each Party party to this Agreement and upon each successor and assignee of each Party party to this Agreement and will inure to the benefit of, and be enforceable by, each Party party to this Agreement and each successor and assignee of each Partyparty to this Agreement; provided, however, that, except as provided for in the immediately following sentence, no Party party to this Agreement may assign any right or obligation arising pursuant to this Agreement without first obtaining the prior written consent of the other Partiesparties. Buyer may assign all or a portion of its rights and obligations under this Agreement to one or more Affiliates of Buyer upon prior written notice to Sellers’ Representative, provided that Buyer will remain liable hereunder notwithstanding any such assignmentBuyer.

Appears in 1 contract

Samples: Asset Purchase Agreement (Satcon Technology Corp)

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