Common use of Parties Bound Clause Clause in Contracts

Parties Bound Clause. This Agreement shall be binding upon and inure to the benefit to the parties hereto, their respective heirs, executors, administrators, legal representatives, successors and assigns. The parties hereto expressly agree that in the event a party hereto seeks to or does transfer any and all, or part of its assets to a separate entity, not a party to this agreement, said entity shall be liable under this Agreement as if said transfer had not occurred.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Theinternetcorp Net Inc), Agreement and Plan of Reorganization (Theinternetcorp Net Inc)

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Parties Bound Clause. This Agreement shall be binding upon and inure to the benefit to the parties hereto, their respective heirs, executors, administrators, legal representatives, successors and assigns. The parties hereto expressly agree that in the event a party hereto seeks to or does transfer any and all, or part of its assets to a separate entity, not a party to this agreement, said entity shall be liable under this Agreement as if said transfer had not occurred.. 6.17

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Mill Creek Research Inc)

Parties Bound Clause. This Agreement shall be binding upon and inure to the benefit to of the parties heretoparties, their respective heirs, executors, administrators, legal representatives, successors and assigns. The parties hereto to this Agreement expressly agree that in the event a party hereto seeks to or does transfer any and all, part or part all of its assets to a separate entity, not a party to this agreementAgreement, said entity the party shall be liable under this Agreement as if said the transfer had not occurred.

Appears in 1 contract

Samples: Interlocal Cooperation Agreement

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Parties Bound Clause. This Agreement shall be binding upon and inure to the benefit to of the parties heretoparties, their respective heirs, executors, administrators, legal representatives, successors and assigns. The parties hereto to this Agreement expressly agree that in the event a party hereto seeks to or does transfer any and all, part or part all of its assets to a separate entity, entity not a party to this agreementAgreement, said entity the party shall be liable under this Agreement as if said the transfer had not occurred.

Appears in 1 contract

Samples: Interlocal Cooperation Agreement

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