Benefits; Binding Effect Clause Samples
The "Benefits; Binding Effect" clause establishes that the rights and obligations outlined in the agreement are legally enforceable and apply to all parties involved, as well as their successors and permitted assigns. In practice, this means that if a party is replaced or their interests are transferred, the new party is still bound by the terms of the contract and entitled to its benefits. This clause ensures continuity and enforceability of the agreement, preventing parties from avoiding their responsibilities or benefits through assignment or succession.
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Benefits; Binding Effect. This Agreement shall be for the benefit of and binding upon the parties hereto and their respective heirs, personal representatives, legal representatives, successors and, where permitted and applicable, assigns, including, without limitation, any successor to the Company, whether by merger, consolidation, sale of stock, sale of assets or otherwise.
Benefits; Binding Effect. This Agreement shall be for the benefit of and binding upon the parties hereto and their respective heirs, personal representatives, legal representatives, successors and, where applicable, assigns. Notwithstanding the foregoing, neither party may assign its rights or benefits hereunder without the prior written consent of the other party hereto.
Benefits; Binding Effect. This Amendment shall be for the benefit of, and shall be binding upon, the parties and their respective heirs, personal representatives, executors, legal representatives, successors and assigns.
Benefits; Binding Effect. This Agreement shall be for the benefit of, and shall be binding upon, the parties and their respective successors and assigns.
Benefits; Binding Effect. This Agreement shall be for the benefit of and binding upon the parties hereto and their respective legal representatives, successors and, where applicable, assigns.
Benefits; Binding Effect. This Agreement shall be for the benefit of, and shall be binding upon, each of the Company and the Employee and their respective heirs, personal representatives, legal representatives, successors and assigns.
Benefits; Binding Effect. This Agreement shall be for the benefit of and binding upon the parties hereto and their respective heirs, personal representatives, legal representatives, successors and, where applicable, assigns. Notwithstanding the foregoing, Employee may not assign the rights or benefits hereunder without the prior written consent of Employer. This Agreement may be assigned by Employer upon notice to Employee.
Benefits; Binding Effect. This Agreement shall be for the benefit of ------------------------ and binding upon the parties and their respective heirs, personal representatives, legal representatives, successors and assigns. If Executive is transferred to an affiliate of the Company, such affiliate will assume this Agreement and upon assumption shall be deemed "the Company" under this Agreement.
Benefits; Binding Effect. This Amended and Restated Promissory Note shall be for the benefit of, and shall be binding upon, the Maker and the Holder and their respective successors and assigns.
Benefits; Binding Effect. The covenants and agreements contained herein shall inure to the benefit of and be binding upon the Member and its permitted successors and permitted assigns. Any permitted person or entity succeeding to the interest of the Member hereunder shall succeed to all of the Member’s rights, interests and obligations under this Agreement and be subject to all of the terms and conditions of this Agreement.