Common use of Parties Bound by Agreement; Successors and Assigns Clause in Contracts

Parties Bound by Agreement; Successors and Assigns. The terms, conditions and obligations of this Agreement shall inure to the benefit of and be binding upon the parties hereto and the respective successors and assigns thereof. Without the prior written consent of the Buyer nor the Company may not assign its rights, duties or obligations hereunder or any part thereof to any other person or entity. The Buyer may assign its rights and duties hereunder in whole or in part (before or after the Closing) to one or more entities but if it does so, it shall remain liable for all the Buyer’s obligations hereunder.

Appears in 2 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement (Gallagher Arthur J & Co)

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Parties Bound by Agreement; Successors and Assigns. The terms, conditions and obligations of this Agreement shall inure to the benefit of and be binding upon the parties hereto and the respective successors and assigns thereof. Without the prior written consent of the Buyer Buyer, neither the Shareholders nor the Company may not assign its or their rights, duties or obligations hereunder or any part thereof to any other person or entity. The Buyer may assign its rights and duties hereunder in whole or in part (before or after the Closing) to one or more entities but if it does so, it shall remain liable for all the Buyer’s obligations hereunder.

Appears in 1 contract

Samples: Asset Purchase Agreement (TRX Inc/Ga)

Parties Bound by Agreement; Successors and Assigns. The terms, conditions conditions, and obligations of this Agreement shall inure to the benefit of and be binding upon the parties hereto and the respective successors and assigns thereof. Without the prior written consent of the other party, Buyer nor the Company may not assign its rights, duties duties, or obligations hereunder or any part thereof to any other person or entity. The , which shall thereupon become Buyer, provided that at the time of such assignment Buyer may assign its rights unconditionally and irrevocably guarantees the payment and performance of any duties hereunder in whole or in part (before or after the Closing) to one or more entities but if it does so, it shall remain liable for all the Buyer’s obligations hereunderso assigned.

Appears in 1 contract

Samples: Asset Purchase Agreement (Keryx Biophamaeuticals Inc)

Parties Bound by Agreement; Successors and Assigns. The terms, conditions and obligations of this Agreement shall inure to the benefit of and be binding upon the parties hereto and the respective successors and assigns thereof. Without the prior written consent of Buyer, neither the Buyer Shareholders nor D. Sxxxxx xxx the Company Companies may not assign its their rights, duties or obligations hereunder or any part thereof to any other person or entity. The Buyer may assign its rights and duties hereunder in whole or in part (before or after the Closing) to one or more entities affiliates but if it does so, it shall remain liable for all the Buyer’s 's obligations hereunder.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (World Access Inc /New/)

Parties Bound by Agreement; Successors and Assigns. The terms, conditions and obligations of this Agreement shall inure to the benefit of and be binding upon the parties hereto and the respective successors and assigns thereof. Without the prior written consent of Buyer, neither the Buyer Shareholder nor the Company may not assign its rights, duties or obligations hereunder or any part thereof to any other person or entity. The Buyer may assign its rights and duties hereunder in whole or in part (before or after the Closing) to one or more affiliated entities but if it does so, it shall remain liable for all the Buyer’s 's obligations hereunder.

Appears in 1 contract

Samples: Asset Purchase Agreement (Transworld Healthcare Inc)

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Parties Bound by Agreement; Successors and Assigns. The terms, conditions and obligations of this Agreement shall inure to the benefit of and be binding upon the parties hereto and the respective successors and assigns thereof. Without the prior written consent of the other party, Buyer nor the Company may not assign its rights, duties duties, or obligations hereunder or any part thereof to any other person or entity. The , who shall thereupon become Buyer, provided that at the time of such assignment Buyer may assign its rights unconditionally and irrevocably guarantees the payment and performance of any duties hereunder in whole or in part (before or after the Closing) to one or more entities but if it does so, it shall remain liable for all the Buyer’s obligations hereunderso assigned.

Appears in 1 contract

Samples: Asset Purchase Agreement (Imcor Pharmaceutical Co)

Parties Bound by Agreement; Successors and Assigns. The terms, conditions conditions, and obligations of this Agreement shall inure to the benefit of and be binding upon the parties hereto and the respective successors and assigns thereof. Without the prior written consent of the Buyer nor the Company other party, Purchaser may not assign its rights, duties duties, or obligations hereunder or any part thereof to any other person or entity. The Buyer may assign its rights , which shall thereupon become Purchaser, provided that at the time of such assignment Purchaser unconditionally and irrevocably guarantees the payment and performance of any duties hereunder in whole or in part (before or after the Closing) to one or more entities but if it does so, it shall remain liable for all the Buyer’s obligations hereunderso assigned.

Appears in 1 contract

Samples: Asset Purchase Agreement (Iceweb Inc)

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