Agreement Binding on Assigns and Successors No Third Party Beneficiaries Clause Samples

This clause establishes that the rights and obligations under the agreement are binding not only on the original parties but also on their legal successors and permitted assigns. In practice, this means that if a party is acquired, merges, or otherwise transfers its interests, the agreement continues to apply to the new entity or individual. Additionally, the clause clarifies that no third party who is not a signatory to the agreement can claim any rights or benefits from it. Its core function is to ensure continuity and enforceability of the agreement despite changes in party identity, while also preventing unintended third parties from asserting claims under the contract.
Agreement Binding on Assigns and Successors No Third Party Beneficiaries 
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Related to Agreement Binding on Assigns and Successors No Third Party Beneficiaries

  • Successors; No Third-Party Beneficiaries Subject to the terms of Article 13, the terms of this Agreement shall be binding upon, and inure to the benefit of, the parties hereto and their successors and assigns. Nothing in this Agreement, whether express or implied, shall be construed to give any person or entity (other than the parties hereto and their respective successors and assigns and, in the case of

  • Successors and Assigns; Third Party Beneficiaries This Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective successors and assigns. Except as provided herein, including without limitation, with respect to the Trustee, Certificate Administrator, Master Servicer and Special Servicer and any Non-Lead Master Servicer, Non-Lead Special Servicer or Non-Lead Trustee, none of the provisions of this Agreement shall be for the benefit of or enforceable by any Person not a party hereto. Subject to Section 14 and Section 15, each Note Holder may assign or delegate its rights or obligations under this Agreement. Upon any such assignment, the assignee shall be entitled to all rights and benefits of the applicable Note Holder hereunder. For the avoidance of doubt, the representations in Section 11 shall not be binding upon any Securitization Trust.

  • Binding Effect; No Third Party Beneficiaries This Agreement shall be binding upon and inure to the benefit of the Company and Award Recipient and their respective heirs, representatives, successors and permitted assigns. This Agreement shall not confer any rights or remedies upon any person other than the Company and the Award Recipient and their respective heirs, representatives, successors and permitted assigns. The parties agree that this Agreement shall survive the issuance of the Shares.