Parties; Binding Effect Sample Clauses

The "Parties; Binding Effect" clause defines who is legally bound by the agreement and ensures that the contract's terms apply to the named parties and, often, their successors or permitted assigns. In practice, this means that if a party undergoes a merger, acquisition, or transfers its rights under the contract, the obligations and benefits of the agreement will continue to apply to the new entity or individual. This clause is essential for maintaining the enforceability of the contract over time, even if the parties' identities change, thereby providing continuity and legal certainty.
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Parties; Binding Effect. This Agreement shall be binding upon, and shall insure to the benefit of the Partners, their legal representatives, proper transferees, heirs, successors and assigns.
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Parties; Binding Effect. This Agreement becomes effective between Viking Cloud and the Party (“the Relying Party”) when the latter submits a certificate validation query or otherwise uses or relies upon any information provided by Viking Cloud through its website or a certificate issued by Viking Cloud.
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Parties; Binding Effect. This Agreement becomes effective between MICROS and You (“the Relying Party”) when the latter submits a certificate validation query or otherwise uses or relies upon any information provided by MICROS or Trustwave through their websites or a certificate issued by MICROS.
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Parties; Binding Effect. The Owners, Beneficial Owners and Depositors from time to time are parties hereto, are bound by all of the terms and conditions hereof and of the Receipts and are entitled to all of the rights and benefits hereof, by their acceptance of Receipts or any interest therein or by their depositing Securities, as the case may be. For greater certainty, any Person who transfers Receipts to another Person is deemed to assign its rights hereunder and under the transferred Receipts to the transferee and the transferee, on transfer of the Receipts, hereby is deemed to become a party hereto and is thereby bound by all of the terms and conditions hereof and of the Receipts and is entitled to all of the rights and benefits hereof and of the Receipts.
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Related to Parties; Binding Effect

  • Term; Binding Effect This Agreement shall (a) remain in full force and effect until payment and satisfaction in full of all of the Obligations; (b) be binding upon each Debtor, and its successors and permitted assigns; and (c) inure to the benefit of the Collateral Agent, for the benefit of the Lenders and their respective successors and assigns.

  • Governing Law; Binding Effect This First Supplemental Indenture shall be governed by and construed in accordance with the laws of the State of New York and shall be binding upon the parties hereto and their respective successors and assigns.

  • Successors; Binding Effect Each Indemnifying Party will require any successor (whether direct or indirect, by purchase, merger, consolidation, reorganization or otherwise) to all or substantially all of the business and assets of such Indemnifying Party, by agreement in form and substance satisfactory to Manager, the Fund, the Other Investors and their counsel, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that such Indemnifying Party would be required to perform if no such succession had taken place. This Agreement shall be binding upon and inure to the benefit of each party hereto and its successors and permitted assigns, and each other Indemnitee, but neither this Agreement nor any right, interest or obligation hereunder shall be assigned, whether by operation of law or otherwise, by the Company Entities without the prior written consent of Manager, the Fund and the Other Investors.

  • Assignability; Binding Effect This Agreement is not assignable by any Party without the prior written consent of the other Parties and any attempt to assign this Agreement without such consent shall be void and of no effect. This Agreement shall be binding upon and inure to the benefit of the Parties and their respective successors and permitted assigns.

  • Benefits; Binding Effect This Agreement shall be for the benefit of and binding upon the parties hereto and their respective heirs, personal representatives, legal representatives, successors and, where permitted and applicable, assigns, including, without limitation, any successor to the Company, whether by merger, consolidation, sale of stock, sale of assets or otherwise.