Successors-in-Interest and Assigns. Buyer may not assign its rights under this Agreement to any person or entity without the prior written consent of Seller, which consent may be withheld in Seller's sole and absolute discretion; provided, however, that Buyer may assign such rights to a subsidiary wholly-owned by Buyer upon written notice given to Seller not less than five (5) business days prior to the Closing. No assignment by Buyer of any of its rights or obligations under this Agreement shall relieve Buyer of any of its obligations under this Agreement unless Seller expressly agrees to such release in writing. Subject to the foregoing, this Agreement shall be binding on and shall inure to the benefit of the successors-in-interest and assigns of each party to this Agreement.
Appears in 13 contracts
Samples: Purchase and Sale Agreement (Conam Realty Investors 2 L P), Purchase and Sale Agreement (Conam Realty Investors 2 L P), Purchase and Sale Agreement (Conam Realty Investors 4 L P)
