Common use of Parties Bound; Assignment Clause in Contracts

Parties Bound; Assignment. This Agreement shall inure to the benefit of and shall be binding upon the respective successors and assigns of the Parties hereto, but it may not be assigned in whole or in part by Vendor without prior written notice to Purchaser which shall not be unreasonably withheld or delayed.

Parties Bound; Assignment. This Agreement shall inure to the benefit of and shall be binding upon the respective successors and assigns of the Parties hereto, but it may not be assigned in whole or in part by Vendor without prior written notice to Purchaser which shall not be unreasonably withheld or delayed. Notwithstanding the foregoing, Vendor may assign this Agreement to an affiliate of Vendor in connection with a corporate reorganization or to any purchaser of Vendor’s applicable business unit, without consent of Purchaser.