Common use of SCOPE OF PERMITTED ASSIGNMENTS Clause in Contracts

SCOPE OF PERMITTED ASSIGNMENTS. This Agreement shall inure to the benefit of the parties and their respective heirs, legal representatives, successors and permitted assigns. This Agreement shall be binding upon the parties and their respective heirs, legal representatives, successors and assigns, except that any such assignment shall not relieve the assigning party of its obligations hereunder. This Agreement is not intended to, and does not create, any rights in any third parties.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Tesoro Corp /New/), Sale and Purchase Agreement (Valero Energy Corp/Tx), Sale and Purchase Agreement (Tesoro Petroleum Corp /New/)

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SCOPE OF PERMITTED ASSIGNMENTS. This Agreement shall inure to the benefit of of, and be binding upon, the parties hereto and their respective heirs, legal representatives, successors and permitted assigns. This Agreement shall be binding upon the parties and their respective heirs, legal representatives, successors and assigns, except that any such assignment shall not relieve the assigning party of its obligations hereunder. This Agreement agreement is not intended to, and does not create, any rights in any third parties.

Appears in 1 contract

Samples: Sale and Purchase Agreement (Valero Energy Corp/Tx)

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