Common use of Successors, Assigns and Third Party Beneficiaries Clause in Contracts

Successors, Assigns and Third Party Beneficiaries. This Agreement shall be binding upon and inure to the benefit of the Parties and their respective successors and permitted assigns. Neither Party shall assign this Agreement, directly or indirectly, by operation of law or otherwise, without the prior written consent of the other Party, and any purported assignment that does not comply with this Clause 10.2 shall be null and void ab initio, provided that KPR may assign this Agreement to an Associate of KPR or to any successor of substantially all of the assets utilized in the Elastomers Business outside the U.S., and provided that SIRM may assign this Agreement to an Associate of SIRM or to a successor to any business of SIRM or its Associates to which some or all of the assets relate, and provided that, in each case, such Associate or successor assumes in writing all of the assigning Party’s obligations hereunder and the assigning Party shall remain bound by the terms of this Clause 10.2 and shall not be relieved of any of its obligations under this Agreement. Except as this Agreement may expressly provide otherwise, nothing in this Agreement is intended or shall be construed to confer upon any person, other than the Parties or their respective successors and permitted assigns, any rights, remedy, or claim under or by reason of this Agreement or any provision herein contained.

Successors, Assigns and Third Party Beneficiaries. This Agreement shall be binding upon and inure to the benefit of the Parties and their respective successors and permitted assigns. Neither Party shall assign this Agreement, directly or indirectly, by operation of law or otherwise, without the prior written consent of the other Party, and any purported assignment that does not comply with this Clause 10.2 11.2 shall be null and void ab initio, ; provided that KPR SEL may assign this Agreement to an Associate of KPR SEL or to any successor of substantially all of the assets utilized in the Elastomers Business outside in the U.S., and provided that SIRM SOC may assign this Agreement to an Associate of SOC or SIRM or to a successor to any business of SIRM SOC or its Associates to which some or all of the assets relate, and provided that, in each case, such Associate or successor assumes in writing all of the assigning Party’s obligations hereunder and the assigning Party shall remain bound by the terms of this Clause 10.2 11.2 and shall not be relieved of any of its obligations under this Agreement. Except as this Agreement may expressly provide otherwise, nothing in this Agreement is intended or shall be construed to confer upon any person, other than the Parties or their respective successors and permitted assigns, any rights, remedy, or claim under or by reason of this Agreement or any provision herein contained.