Common use of Benefit and Assignment Clause in Contracts

Benefit and Assignment. This Agreement will be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. There shall be no assignment of any interest under this Agreement by any party except that Buyer may assign its rights hereunder to any wholly owned subsidiary of Buyer; provided, however, that no such assignment shall relieve the assignor of its obligations under this Agreement. Nothing herein, express or implied, is intended to or shall confer upon any other person any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.

Appears in 4 contracts

Sources: Exchange Agreement (Cendant Corp), Exchange Agreement (Cendant Corp), Exchange Agreement (Cendant Corp)

Benefit and Assignment. This Agreement will be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. There shall be no assignment of any interest under this Agreement by any party except that the Buyer may assign its rights hereunder to any wholly owned subsidiary of the Buyer; provided, however, that no such assignment shall relieve the assignor of its obligations under this Agreement. Nothing herein, express or implied, is intended to or shall confer upon any other person Person any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.

Appears in 4 contracts

Sources: Sale and Purchase Agreement (Tiens Biotech Group Usa Inc), Stock Purchase Agreement (Health Systems Solutions Inc), Asset Purchase Agreement (Health Systems Solutions Inc)

Benefit and Assignment. This Agreement will be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. There shall be no assignment of any interest under this Agreement by any party except that the Buyer may assign its rights hereunder to (a) any wholly owned subsidiary of the Buyer; provided, however, that no such assignment shall relieve the assignor of its obligations under this Agreement; and (b) its senior secured lender as additional collateral for the Buyer’s obligations under its lending agreements with such lender. Nothing herein, express or implied, is intended to or shall confer upon any other person Person any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Forefront Holdings, Inc.), Asset Purchase Agreement (Forefront Holdings, Inc.)

Benefit and Assignment. This Agreement will be binding upon ---------------------- and inure to the benefit of the parties hereto and their respective successors and permitted assigns. There shall be no assignment of any interest under this Agreement by any party except that Buyer may assign its rights hereunder to any wholly owned subsidiary of Buyer; provided, however, that no such assignment -------- ------- shall relieve the assignor of its obligations under this Agreement. Nothing herein, express or implied, is intended to or shall confer upon any other person any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.

Appears in 1 contract

Sources: Exchange Agreement (Homestore Com Inc)

Benefit and Assignment. This Agreement will shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and permitted assigns. There shall be no assignment of any No party may voluntarily or involuntarily assign its interest under this Agreement without the prior written consent of the other party, except for any assignment by any party except that the Buyer may assign its rights hereunder to any wholly owned subsidiary an affiliate of Buyer; providedthe Buyer in which case such assignee, howeverMarquee and the Buyer shall remain fully obligated,jointly and severally, that no such assignment shall relieve the assignor of its obligations under this Agreement. Nothing herein, express or implied, is intended to or shall confer upon any other person any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this AgreementAgreement as an assignor.

Appears in 1 contract

Sources: Stock and Asset Purchase Agreement (Marquee Group Inc)

Benefit and Assignment. This Agreement will be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. There shall be no assignment of any interest under this Agreement by any party party, except that the Buyer may assign its rights hereunder to any wholly owned subsidiary of the Buyer; provided, however, that no such assignment shall relieve the assignor of its obligations under this Agreement. Nothing herein, express or implied, is intended to or shall confer upon any other person Person any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.

Appears in 1 contract

Sources: Asset Purchase Agreement (Greenhold Group Inc)

Benefit and Assignment. This Agreement will be binding upon ---------------------- and inure to the benefit of the parties hereto and their respective successors and permitted assigns. There shall sh all be no assignment of any interest under this Agreement by any party except that Buyer may assign its rights hereunder to any wholly owned subsidiary of Buyer; provided, however, that no such assignment -------- ------- shall relieve the assignor of its obligations under this Agreement. Nothing herein, express or implied, is intended to or shall confer upon any other person any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.

Appears in 1 contract

Sources: Exchange Agreement (Homestore Com Inc)

Benefit and Assignment. This Agreement will be binding upon and ---------------------- inure to the benefit of the parties hereto and their respective successors and permitted assigns. There shall be no assignment of any interest under this Agreement by any party except that the Buyer may assign its rights hereunder to any wholly owned subsidiary of the Buyer; provided, however, that no such -------- ------- assignment shall relieve the assignor of its obligations under this Agreement. Nothing herein, express or implied, is intended to or shall confer upon any other person Person any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.

Appears in 1 contract

Sources: Stock Purchase Agreement (Global Crossing LTD)