Common use of Benefit; Assignment Clause in Contracts

Benefit; Assignment. Subject to provisions herein to the contrary, this Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective legal representatives, successors, and assigns. No party may assign this Agreement without the prior written consent of the other parties, which consent shall not be unreasonably withheld; provided, however, that, except for the obligations in Sections 12.27 and 12.28, any party may, without the prior written consent of the other parties, assign its rights and delegate its duties hereunder to one or more Affiliates (provided such Affiliates have the ability, including the financial wherewithal, to perform the assignor’s responsibilities hereunder) so long as written notice is provided to the other parties.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Community Health Systems Inc), Asset Purchase Agreement (Community Health Systems Inc)

Benefit; Assignment. Subject to provisions herein to the contrary, this Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective legal representatives, successors, and assigns. No party may assign this Agreement without the prior written consent of the other parties, which consent shall not be unreasonably withheld; provided, however, that, except for the obligations in Sections 12.27 and 12.28, any party that Buyer may, without the prior written consent of the other partiesSeller, assign its rights and delegate its duties hereunder to one or more Affiliates (provided as defined in Section 12.18) but no such Affiliates have the ability, including the financial wherewithal, to perform the assignor’s responsibilities hereunder) so long as written notice is provided assignment shall relieve Buyer of any of its obligations hereunder except to the other partiesextent fully performed by such assignee.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Sunlink Health Systems Inc), Asset Purchase Agreement (Sunlink Health Systems Inc)

Benefit; Assignment. Subject to provisions herein to the contrary, this Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective legal representatives, successorssuccessors and assigns and no others; provided, and assigns. No however, that no party may assign this Agreement without the prior written consent of the other partiesparty, which consent shall not be unreasonably withheld; provided. The foregoing notwithstanding, however, that, except for the obligations in Sections 12.27 and 12.28, any party Buyer may, without the prior written consent of the other partiesSeller Parties, assign its rights and delegate its duties hereunder to one or more Affiliates (provided such Affiliates have the ability, including the financial wherewithal, to perform the assignor’s responsibilities hereunder) so long as written notice is provided to the other partiesany Affiliate of Buyer.

Appears in 1 contract

Sources: Stock Purchase Agreement (Acadia Healthcare Company, Inc.)

Benefit; Assignment. Subject to provisions herein to the contrary, this Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective legal representatives, successors, and assigns. No party may assign this Agreement without the prior written consent of the other parties, which consent shall not be unreasonably withheld; provided, however, that, except for the obligations in Sections 12.27 and 12.28, any party that Buyer may, without the prior written consent of the other partiesSeller, assign its rights and delegate its duties hereunder to one or more Affiliates (provided such Affiliates have the ability, including the financial wherewithal, to perform the assignor’s responsibilities hereunder) so long as written notice is provided to the other partiesdefined in Section 14.18).

Appears in 1 contract

Sources: Asset Purchase Agreement (Acadia Healthcare Company, Inc.)

Benefit; Assignment. Subject to provisions herein to the ------------------ contrary, this Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective legal representatives, successors, successors and assigns. No party ; provided, however, that neither Seller nor SAFECARE may assign this Agreement without the prior written consent of the other partiesBuyer, which consent shall and that Buyer may not be unreasonably withheld; provided, however, that, except for the obligations in Sections 12.27 and 12.28, assign this Agreement to any party may, person not an Affiliate of Buyer without the prior written consent of the other partiesSeller and SAFECARE, assign which may be withheld in their sole discretion. Any assignment by any party shall not relieve such assignor from its rights and delegate its duties hereunder to one or more Affiliates (provided such Affiliates have the ability, including the financial wherewithal, to perform the assignor’s responsibilities obligations hereunder) so long as written notice is provided to the other parties.

Appears in 1 contract

Sources: Asset Purchase Agreement (Health Management Associates Inc)

Benefit; Assignment. Subject to provisions herein to the contrary, this Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective legal representatives, successorssuccessors and assigns and no others; provided, and assigns. No however, that no party may assign this Agreement without the prior written consent of the other partiesparty, which consent shall not be unreasonably withheld; provided. The foregoing notwithstanding, however, that, except for the obligations in Sections 12.27 and 12.28, any party Buyer may, without the prior written consent of the other partiesSeller, assign its rights and delegate its duties hereunder to one any entity that is controlled by Buyer; provided, however, that Buyer shall not be relieved from any liability or more Affiliates (provided obligation hereunder as a result of such Affiliates have the ability, including the financial wherewithal, to perform the assignor’s responsibilities hereunder) so long as written notice is provided to the other partiesassignment.

Appears in 1 contract

Sources: Asset Purchase Agreement (Geo Group Inc)