Common use of Benefits and Assignment Clause in Contracts

Benefits and Assignment. The provisions of this Agreement shall be binding upon and inure to the benefit of and be enforceable by the Parties and their respective successors and assigns. This Agreement is made solely for the benefit of AmeriVest and Sheridan Investments, and their respective successors and assigns, including the surviving entity in the event of a merger, consolidation, or other business reorganization, and no other person shall acquire or have any right under or by virtue of this Agreement.

Appears in 2 contracts

Sources: Revolving Line of Credit Agreement (Amerivest Properties Inc), Revolving Line of Credit Agreement (Amerivest Properties Inc)