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 permitted assigns thereof. Without the prior written consent of the other party, neither party hereto may assign or transfer all or any portion of its rights, duties and obligations hereunder and any attempt to do so without such consent shall be null and void; provided, however, that no assignment by either of the parties hereto of any of its rights, interests or obligations hereunder shall relieve such party of its obligations under this Agreement.

Appears in 3 contracts

Samples: Stock Purchase Agreement, Stock Purchase Agreement, Asset Purchase Agreement

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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 Parties hereto and the respective successors and permitted assigns thereof. Without the prior written consent of the other partyeach Party hereto, neither party no Party hereto may assign or transfer all or any portion of its rights, duties and obligations hereunder and any attempt to do so without such consent shall be null and void; provided, however, that no assignment by either of the parties hereto of any of its rights, interests or obligations hereunder shall relieve such party or any part thereof to any other Person. Xxxxxxx and Halex may assign its respective rights hereunder in whole or in part to one or more of its obligations under this Agreementrespective Affiliates.

Appears in 1 contract

Samples: Asset Purchase Agreement (Qep Co 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 permitted assigns thereof. Without the prior written consent of the other party, neither party hereto the Buyer may assign or transfer all or any portion of its rights, duties and duties, or obligations hereunder or any part thereof to any other person, which shall thereupon become the Buyer, provided that at the time of such assignment the Buyer unconditionally and irrevocably guarantees the payment and performance of any attempt to do duties or obligations so without such consent shall be null and void; provided, however, that no assignment by either assigned. None of the parties hereto of any of its rights, interests rights or obligations hereunder shall relieve such party be assignable or transferable by any Party without the prior written consent of its obligations under this Agreementthe other Parties.

Appears in 1 contract

Samples: Share Purchase Agreement (Software Ag Systems Inc)

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