Common use of Survival; Binding Effect Clause in Contracts

Survival; Binding Effect. This Agreement shall inure to the benefit of, and be binding upon, the parties hereto and their respective heirs, representatives, successors and assigns. Peterbilt may, without the consent of Rush, assign its rights hereunder to any directly or indirectly wholly owned subsidiary of PACCAR, Inc. for so long as that subsidiary remains a wholly owned subsidiary of PACCAR, Inc. Prior to any Transfer of Shares by Rush to an associate or a Dealer Principal, Rush shall cause such associate or Dealer Principal to enter into an agreement substantially identical to this Right of First Refusal with respect to such Shares unless Peterbilt agrees in writing to waive such requirement.

Appears in 4 contracts

Samples: Right of First Refusal (Rush Enterprises Inc \Tx\), Right of First Refusal (Rush Enterprises Inc \Tx\), Right of First Refusal (Rush Enterprises Inc \Tx\)

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