Common use of Parties Obligated and Benefited Clause in Contracts

Parties Obligated and Benefited. This Agreement shall be binding upon the Parties and their respective assigns and successors in interest and shall inure solely to the benefit of the Parties and their respective assigns and successors in interest, and no other Person shall be entitled to any of the benefits conferred by this Agreement, except that the Shareholders shall be third party beneficiaries of this Agreement. Without the prior written consent of the other Party, no Party may assign this Agreement or the Collateral Documents or any of its rights or interests or delegate any of its duties under this Agreements or the Collateral Documents; provided, however, that Pegasus (a) may assign this Agreement and the Collateral Documents or any of its rights or interests or delegate any of its duties hereunder or thereunder to an Affiliate; provided, however, that any such assignment or delegation shall not release Pegasus from

Appears in 1 contract

Samples: Agreement and Plan of Merger (Weber Donald W)

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Parties Obligated and Benefited. This Agreement shall be binding upon the Parties and their respective assigns and successors in interest by operation of law and shall inure solely to the benefit of the Parties and their respective assigns and successors in interestby operation of law, and no other Person shall be entitled to any of the benefits conferred by this Agreement, except that the Shareholders shall be third party beneficiaries of this Agreement. Without the prior written consent of the other Party, no Party may assign this Agreement or the Collateral Documents or any of its rights or interests or delegate any of its duties under this Agreements Agreement or the Collateral Documents; provided, however, that Pegasus (a) may collaterally assign its rights under this Agreement and the Collateral Documents to any Persons providing debt financing to Pegasus or any of its rights or interests or delegate any of its duties hereunder or thereunder to an Affiliate; provided, however, that any such assignment or delegation shall not release Pegasus fromAffiliates.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Pegasus Communications Corp)

Parties Obligated and Benefited. This Agreement shall be binding upon the Parties and their respective assigns and successors in interest and shall inure solely to the benefit of the Parties and their respective assigns and successors in interest, and no other Person shall be entitled to any of the benefits conferred by this Agreement, except that the Shareholders shall be entitled to enforce the Company's rights under this Agreement as third party beneficiaries of this Agreement. Without the prior written consent of the other Party, no Party may assign this Agreement or the Collateral Documents or any of its rights or interests or delegate any of its duties under this Agreements Agreement or the Collateral Documents; provided, however, that Pegasus (a) may assign this Agreement and the Collateral Documents or any of its rights or interests or delegate any of its duties hereunder or thereunder to an Affiliate; provided, however, that any such assignment or delegation shall not release Pegasus from.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Pegasus Communications Corp)

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Parties Obligated and Benefited. This Agreement shall be binding upon the Parties and their respective assigns and successors in interest and shall inure solely to the benefit of the Parties and their respective assigns and successors in interest, and no other Person shall be entitled to any of the benefits conferred by this Agreement, except that the Shareholders shall be entitled to enforce the Company's rights under this Agreement as third party beneficiaries of this Agreement. Without the prior written consent of the other Party, no Party may assign this Agreement or the Collateral Documents or any of its rights or interests or delegate any of its duties under this Agreements or the Collateral Documents; provided, however, that Pegasus (a) may assign this Agreement and the Collateral Documents or any of its rights or interests or delegate any of its duties hereunder or thereunder to an Affiliate; provided, however, that any such assignment or delegation shall not release Pegasus from.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Summe Richard D)

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