Agreement Binding on Parties. This Agreement, and the terms, covenants, and conditions herein contained, shall inure to the benefit of and be binding upon the successors and assigns of each of the parties hereto. Purchaser may not assign its rights hereunder without the prior written consent of Seller other than to a wholly-owned subsidiary of Purchaser; provided, however, such assignment shall not relieve Purchaser of its obligations hereunder.
Appears in 2 contracts
Sources: Sale and Purchase Agreement (Cornerstone Properties Inc), Agreement of Sale and Purchase (Cornerstone Properties Inc)
Agreement Binding on Parties. This Agreement, and the terms, covenants, and conditions herein contained, shall inure to the benefit of and be binding upon the successors heirs, personal representatives, successors, and assigns of each of the parties hereto. Purchaser may not assign its rights hereunder without the prior written consent of Seller other than to a wholly-owned subsidiary of Purchaser; provided, however, such assignment shall not relieve Purchaser of its obligations hereunderSeller.
Appears in 2 contracts
Sources: Agreement of Sale and Purchase (Walden Residential Properties Inc), Agreement of Sale and Purchase (Walden Residential Properties Inc)
Agreement Binding on Parties. This Agreement, and the terms, covenants, and conditions herein contained, shall inure to the benefit of and be binding upon the successors heirs, personal representatives, successors, and permitted assigns of each of the parties hereto. Purchaser Interested Party may not assign its rights hereunder without the prior written consent of Seller other than to a wholly-owned subsidiary of Purchaser; provided, however, such assignment shall not relieve Purchaser of its obligations hereunderSeller.
Appears in 1 contract
Sources: Agreement of Sale and Purchase (Hines Real Estate Investment Trust Inc)