Parties in Interest and Assignment. This Agreement shall be binding upon and inure solely to the benefit of each party hereto, and nothing in this Agreement, express or implied, is intended to or shall confer upon any other Person any right, benefit or remedy of any nature whatsoever under or by reason of this Agreement; provided, however, that Purchaser may assign all or any of its rights and obligations hereunder to any of its Affiliates, provided that no such assignment shall relieve Purchaser of its obligations hereunder if such assignee does not perform such obligations.
Appears in 4 contracts
Samples: Investment Agreement (United Energy Group LTD), Investment Agreement (Transmeridian Exploration Inc), Investment Agreement (United Energy Group LTD)
Parties in Interest and Assignment. (a) This Agreement shall be binding upon upon, and inure solely to the benefit of, the parties hereto and their respective successors and permitted assigns. This Agreement is not made for the benefit of each any person, firm, corporation or other entity not a party hereto, and nothing in this AgreementAgreement will be construed as giving any person, express firm, corporation or impliedother entity, is intended to or shall confer upon any other Person than the parties hereto and their respective successors and permitted assigns, any right, benefit remedy or remedy of any nature whatsoever claim under or by reason in respect of this Agreement; provided, however, that Purchaser may assign all or any of its rights and obligations hereunder to any of its Affiliates, provided that no such assignment shall relieve Purchaser of its obligations hereunder if such assignee does not perform such obligationsprovision hereof.
Appears in 1 contract
Samples: Stock Purchase Agreement (American Business Information Inc /De)