Permitted Successors definition
Examples of Permitted Successors in a sentence
Subject to this Section 9.7, this Agreement shall be binding upon, inure to the benefit of, and be enforceable by and against, the parties and their Permitted Successors.
Section 8.7 Permitted Successors and Assigns; Disclosure of Information.
Subject to this Section 8.7, this Agreement shall be binding upon, inure to the benefit of, and be enforceable by and against, the parties and their Permitted Successors.
Notwithstanding anything else herein to the contrary, the parties specifically disavow any desire or intention to create a "third party" beneficiary contract, and specifically declare that no person or entity, save and except for the parties or their Permitted Successors, shall have any rights hereunder nor any right of enforcement hereof.
The capital contribution and indemnification requirements and all other terms and provisions of this Agreement are for the sole and exclusive benefit of the Parties and their Permitted Successors and shall not be deemed to create any rights for the benefit of any other Person except for any Preferred Affiliate pursuant to Section 6.5 and Article 10.
Any such written amendment, modification, supplement, or waiver effected in accordance with clauses (a) or (b) of this Section 6.3 shall be binding upon each Party and its Permitted Successors or Assigns.
Permitted Successors and Assigns shall mean (i) any corporation or other entity which may acquire all or substantially all of the Company's assets and business, (ii) any corporation or other entity with or into which the Company may be consolidated or merged, or (iii) any corporation or other entity that is the successor corporation or entity in an exchange of stock or partnership interest.
Subject to this Section 6.7, this Agreement shall be binding upon, inure to the benefit of, and be enforceable by and against the parties and their Permitted Successors.
Buyer shall not have the right to transfer, assign, sell or sublicense any license granted under this Agreement to any individual or entity, other than a Permitted Successor, and no rights with respect to the license granted under this Agreement shall run in favor of any transferee or sublicensee other than Permitted Successors.
Each Party and its Permitted Successors shall have the right from time to time and at any time during the term of this Agreement to change its address for Notices or facsimile number by giving Notice of such claim to each other Party as provided in Section 14.2. Each Party shall have the right to specify as its address any other address located within the United States of America.