Assignment by the Parties. This Agreement shall be binding upon and shall inure to the benefit of each party, his heirs and legal representatives or its or his successors or assigns, except that the obligations of each party under this Agreement may only be assigned or transferred in conjunction with a sale, assignment or transfer of the Shares owned by such party which is permitted by the terms and conditions of this Agreement.
Appears in 3 contracts
Sources: Shareholder Agreement (Derby Cycle Corp), Shareholder Agreement (Derby Cycle Corp), Shareholders' Agreement (Derby Cycle Corp)