Common use of Non-Assignability; Binding Effect Clause in Contracts

Non-Assignability; Binding Effect. Neither this Agreement, nor any of the rights or liabilities of the parties hereunder, shall be assignable by any party hereto without the prior written consent of all other parties hereto, except that the Buyer may, without requirement of any consent of AUGI or the Seller, assign the Buyer's rights to indemnification hereunder to any secured lender to the Buyer from time to time. Otherwise, this Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and permitted assigns.

Appears in 4 contracts

Samples: , 1998 Asset Purchase Agreement (Executive Telecard LTD), Asset Purchase Agreement (American United Global Inc), Asset Purchase Agreement (American United Global Inc)

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Non-Assignability; Binding Effect. Neither this Agreement, nor any of the rights or liabilities obligations of the parties hereunder, shall be assignable by any party hereto without the prior written consent of all the other parties heretoparties, except that the Buyer may, without requirement rights of the Seller hereunder may be enforced by the Seller Members upon a distribution of Shares to such Seller Members or enforced by any consent other Holder of AUGI or the Seller, assign the Buyer's rights to indemnification hereunder to any secured lender to the Buyer from time to timeRegistrable Shares. Otherwise, this Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and permitted assigns.

Appears in 1 contract

Samples: Securities Purchase Agreement (Debt Resolve Inc)

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Non-Assignability; Binding Effect. Neither this Agreement, nor any of the rights or liabilities obligations of the parties hereunder, shall be assignable by any party hereto without the prior written consent of all other parties hereto, except that the Buyer may, without requirement of any consent of AUGI or the SellerCompany and Sellers, assign the Buyer's ’s rights to indemnification hereunder under Section 9 to any secured lender to the Buyer from time to time. Otherwise, this Agreement time provided that such lender shall be binding upon and shall inure to the benefit have no rights greater than those of the parties hereto and their respective successors and permitted assignsBuyer hereunder.

Appears in 1 contract

Samples: Stock Purchase Agreement (Iteris, Inc.)

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