Common use of Successors, Assigns, Transferees Clause in Contracts

Successors, Assigns, Transferees. The provisions of this Agreement shall be binding upon and accrue to the benefit of the parties hereto and their respective heirs, personal representatives, successors and permitted assigns. In addition, and whether or not any express assignment shall have been made, the provisions of this Agreement which are for the benefit of the Holders shall also be for the benefit of and enforceable by any Transferee or subsequent holder of Registrable Securities, subject to the provisions contained herein; provided that the Company is given written notice at the time or within 30 days of said transfer, stating the name and address of the Transferee and identifying the securities with respect to which the rights under this Agreement are being transferred; and provided, further, that the Transferee or assignee of such rights assumes in writing the obligations of such Holder under this Agreement (in which case such Holder shall be released from such obligations). Each Holder shall have the exclusive option to determine which rights and obligations shall be assigned to any Transferee.

Appears in 3 contracts

Samples: Investor Rights Agreement (Otelco Telecommunications LLC), Investor Rights Agreement (Brindlee Mountain Telephone Co), Investor Rights Agreement (Otelco Inc.)

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Successors, Assigns, Transferees. The provisions of this Agreement shall be binding upon and accrue to the benefit of the parties hereto and their respective heirs, personal representatives, successors and permitted assigns. In addition, and whether or not any express assignment shall have been made, the provisions of this Agreement which are for the benefit of the Holders shall also be for the benefit of and enforceable by any Transferee or subsequent holder of Registrable Securities, subject to the provisions contained herein; provided that the Company is given written notice at the time or within 30 90 days of said transfer, stating the name and address of the Transferee and identifying the securities with respect to which the such registration rights under this Agreement are being transferred; and provided, further, that the Transferee or assignee of such rights assumes in writing the obligations of such Holder under this Agreement (in which case such Holder shall be released from such obligations). Each Holder shall have the exclusive option to determine which rights and obligations shall be assigned to any Transferee.

Appears in 2 contracts

Samples: Registration Rights Agreement (Volume Services America Inc), Investor Rights Agreement (Alliance Laundry Systems LLC)

Successors, Assigns, Transferees. The provisions of this -------------------------------- Agreement shall be binding upon and accrue to the benefit of the parties hereto and their respective heirs, personal representatives, successors and permitted assigns. In addition, and whether or not any express assignment shall have been made, the provisions of this Agreement which are for the benefit of the Holders shall also be for the benefit of and enforceable by any Transferee or subsequent holder of Registrable Securities, subject to the provisions contained herein; provided that the Company is given written notice at the time or within 30 90 days of said transfer, stating the name and address of the Transferee and identifying the securities with respect to which the such registration rights under this Agreement are being transferred; and provided, further, that the Transferee or assignee of such rights assumes in writing the obligations of such Holder under this Agreement (in which case such Holder shall be released from such obligations). Each Holder shall have the exclusive option to determine which rights and obligations shall be assigned to any Transferee.

Appears in 1 contract

Samples: Registration Rights Agreement (Ipcs Inc)

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Successors, Assigns, Transferees. The provisions of this Agreement shall be binding upon and accrue to the benefit of the parties hereto and their respective heirs, personal representatives, successors and permitted assigns. In addition, and whether or not any express assignment shall have been made, the provisions of this Agreement which are for the benefit of the Holders shall also be for the benefit of and enforceable by any Transferee or subsequent holder of Registrable Securities, subject to the provisions contained herein; provided that the Company is given written notice at the time or within 30 90 days of said transfer, stating the name and address of the Transferee and identifying the securities with respect to which the such registration rights under this Agreement are being transferred; and provided, further, that the Transferee or assignee of such rights assumes in writing will be deemed to have assumed the obligations of such Holder under this Agreement (and if the Transferee or assignee assumes in which case writing such obligations, such Holder shall be released from such obligations). Each Holder shall have the exclusive option to determine which rights and obligations shall be assigned to any Transferee.

Appears in 1 contract

Samples: Registration Rights Agreement (Volume Services America Holdings Inc)

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