Common use of Binding Effect and Assignment Clause in Contracts

Binding Effect and Assignment. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, executors, legal representatives, permitted successors and assigns; but neither this Agreement nor any of the rights, benefits or obligations hereunder shall be assigned, by operation of law or otherwise, by any party hereto without the prior written consent of the other party. Nothing in this Agreement, express or implied, is intended to confer upon any person or entity, other than the parties hereto and their respective heirs, executors, legal representatives, permitted successors and assigns, any rights, benefits or obligations hereunder.

Appears in 9 contracts

Sources: Stock Purchase Agreement (Resolve Staffing Inc), Stock Purchase Agreement (Resolve Staffing Inc), Merger Agreement (Resolve Staffing Inc)

Binding Effect and Assignment. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, executors, legal representatives, permitted successors and assigns; but neither this Agreement nor any of the rights, benefits or obligations hereunder shall be assigned, by operation of law or otherwise, by any party hereto without the prior written consent of the other party; provided, however, that Company may assign its rights and obligations hereunder to any Affiliate, and Executive specifically consents to such future assignment. Nothing in this Agreement, express or implied, is intended to confer upon any person or entity, entity other than the parties hereto and their respective heirs, executors, legal representatives, permitted successors and assigns, any rights, benefits or obligations hereunder.

Appears in 3 contracts

Sources: Separation and Release of Claims Agreement (Stem, Inc.), Separation and Release of Claims Agreement (Stem, Inc.), Separation and Release of Claims Agreement (Stem, Inc.)

Binding Effect and Assignment. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, executors, legal representatives, permitted successors and assigns; but neither . Neither this Agreement nor any of the rights, benefits or obligations hereunder shall be assigned, by operation of law or otherwise, by any party hereto prior to the Closing without the prior written consent of the other party. Nothing Except as expressly provided herein, nothing in this Agreement, express or implied, Agreement is intended to confer upon any person person, firm, corporation or entity, legal entity other than the parties hereto and their respective heirs, executors, legal representatives, permitted successors and assigns, any rights, benefits or obligations hereunder.

Appears in 2 contracts

Sources: Stock Purchase Agreement (North Coast Energy Inc / De/), Stock Purchase Agreement (Belden & Blake Corp /Oh/)

Binding Effect and Assignment. This Agreement shall be binding upon and inure to the benefit of the parties hereto Parties and their respective heirs, executors, legal representatives, permitted successors and assigns; , but neither this Agreement nor any of the rights, benefits or obligations hereunder shall be assignedassigned or transferred, by operation of law or otherwise, by any party hereto Party without the prior written consent of each other Party; provided that the other partySeller may designate an Affiliate to receive payment of the Purchase Price under Section 2.2 in accordance with Section 2.4. Nothing in this Agreement, express or implied, is intended to confer upon any person or entity, Person other than the parties hereto Parties and their respective heirs, executors, legal representatives, permitted successors and assigns, any rights, benefits or obligations hereunder.

Appears in 2 contracts

Sources: Share Purchase Agreement (Williams Partners L.P.), Share Purchase Agreement (Williams Partners L.P.)

Binding Effect and Assignment. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, executors, legal representatives, permitted successors and assigns; but neither this Agreement nor any of the rights, benefits or obligations hereunder shall be assigned, by operation of law or otherwise, by any party hereto without the prior written consent of the other party, provided, however, that nothing herein shall prohibit the assignment of the Buyer's rights to any lender providing financing in connection with the transactions contemplated hereby. Nothing in this Agreement, express or implied, is intended to confer upon any person or entity, entity other than the parties hereto and their respective heirs, executors, legal representatives, permitted successors and assigns, any rights, benefits or obligations hereunder.

Appears in 1 contract

Sources: Stock Purchase and Redemption Agreement (Neff Corp)

Binding Effect and Assignment. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective permitted heirs, beneficiaries, executors, legal personal representatives, permitted successors and assigns; but neither this Agreement nor any of the rights, benefits or obligations hereunder shall be assigned, by operation of law or otherwise, by any party hereto without the prior written consent of the other partyparties, provided, however, that nothing herein shall prohibit the assignment of Parent’s rights (but not obligations) to any lender. Nothing in this Agreement, express or implied, is intended to confer upon any person or entity, entity other than the parties hereto and their respective heirs, executors, legal representatives, permitted successors and assigns, any rights, benefits or obligations hereunder.

Appears in 1 contract

Sources: Merger Agreement (Roadrunner Transportation Systems, Inc.)

Binding Effect and Assignment. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, executors, legal representatives, permitted successors and assigns; but neither this Agreement nor any of the rights, benefits or obligations hereunder shall be assigned, by operation of law or otherwise, by any party hereto without the prior written consent of the other partyparties, provided, however, that nothing herein shall prohibit the assignment of Buyer’s rights (but not obligations) to any lender. Nothing in this Agreement, express or implied, is intended to confer upon any person or entity, Person (other than the parties hereto and their respective heirs, executors, legal representatives, permitted successors and assigns, hereto) any rights, benefits or obligations hereunder.

Appears in 1 contract

Sources: Stock Purchase Agreement (Forward Air Corp)

Binding Effect and Assignment. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, executors, legal representatives, permitted successors and assigns; but neither this Agreement nor any of the rights, benefits or obligations hereunder shall be assigned, by operation of law or otherwise, by any party hereto without the prior written consent of the other party, provided, however, that nothing herein shall prohibit the assignment of the Buyer's rights to any wholly-owned subsidiary of the Buyer. Nothing in this Agreement, express or implied, is intended to confer upon any person or entity, entity other than the parties hereto and their respective heirs, executors, legal representatives, permitted successors and assigns, any rights, benefits or obligations hereunder.

Appears in 1 contract

Sources: Stock Purchase Agreement (Neff Corp)

Binding Effect and Assignment. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, executors, legal representatives, permitted successors and assigns; but neither this Agreement nor any of the rights, benefits or obligations hereunder shall be assigned, by operation of law or otherwise, by any party hereto without the prior written consent of the other partyparties, provided, however, that nothing herein shall prohibit the assignment of Buyer's rights (but not obligations) to any lender. Nothing in this Agreement, express or implied, is intended to confer upon any person or entity, Person (other than the parties hereto and their respective heirs, executors, legal representatives, permitted successors and assigns, the Subsidiaries) any rights, benefits or obligations hereunder.

Appears in 1 contract

Sources: Stock Purchase Agreement (Forward Air Corp)

Binding Effect and Assignment. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, executors, legal representatives, permitted successors and assigns; but neither . Neither this Agreement nor any of the rights, benefits or obligations hereunder shall be assignedassigned or transferred, by operation of law or otherwise, by any party hereto without the prior written consent of the other party, except that either party shall have the right to assign this Agreement to its Affiliates without the consent of the other party. Nothing in this Agreement, express or implied, is intended to confer upon any person or entity, Person other than the parties hereto and their respective heirs, executors, legal representatives, permitted successors and assigns, any rights, benefits or obligations hereunder.

Appears in 1 contract

Sources: Purchase and Sale Agreement (ONEOK Partners LP)

Binding Effect and Assignment. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, executors, legal representatives, permitted successors and assigns; but neither this Agreement nor any of the rights, benefits or obligations hereunder shall be assigned, by operation of law or otherwise, by any party hereto without the prior written consent of the other party, provided, however, that nothing herein shall prohibit the assignment of Buyer's rights to any Buyer's lender. Nothing in this Agreement, express or implied, is intended to confer upon any person or entity, entity other than the parties hereto and their respective heirs, executors, legal representatives, permitted successors and assigns, any rights, benefits or obligations hereunder.

Appears in 1 contract

Sources: Merger Agreement (Magicworks Entertainment Inc)

Binding Effect and Assignment. This Agreement shall be binding upon and inure to the benefit of the parties hereto Parties and their respective heirs, executors, legal representatives, permitted successors and assigns; but neither . Neither this Agreement nor any of the rights, benefits or obligations hereunder shall be assigned, by operation of law or otherwise, by any party Party hereto prior to the Closing without the prior written consent of the other partyParty, except that Seller may assign all of its rights, benefits and obligations hereunder to an Affiliate without being released from its obligations hereunder. Nothing Except as expressly provided herein, nothing in this Agreement, express or implied, Agreement is intended to confer upon any person or entity, Person other than the parties hereto Parties and their respective heirs, executors, legal representatives, permitted successors and assigns, any rights, benefits or obligations hereunder.

Appears in 1 contract

Sources: Stock Purchase Agreement (Consumers Energy Co)

Binding Effect and Assignment. This Agreement shall be binding upon ----------------------------- and inure to the benefit of the parties hereto and their respective heirs, executors, legal representatives, permitted successors and assigns; but neither this Agreement nor any of the rights, benefits or obligations hereunder shall be assigned, by operation of law or otherwise, by any party hereto without the prior written consent of either the KM General Partner or the SF General Partner, as applicable, other partythan as set forth herein. Nothing in this Agreement, express or implied, is intended to confer upon any person or entity, entity other than the parties hereto and their respective heirs, executors, legal representatives, permitted successors and assigns, any rights, benefits or obligations hereunder.

Appears in 1 contract

Sources: Purchase Agreement (Santa Fe Pacific Pipeline Partners Lp)

Binding Effect and Assignment. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, executors, legal representatives, permitted successors and assigns; but neither this Agreement nor any of the rights, benefits or obligations hereunder shall be assigned, by operation of law or otherwise, by any party hereto (except by the Selling Shareholder, by operation of law, to his heirs and personal representative) without the prior written consent of the each other party. Nothing in this Agreement, express or implied, is intended to confer upon any person or entity, entity other than the parties hereto and their respective heirs, executors, legal representatives, permitted successors and assigns, any rights, benefits or obligations hereunder.

Appears in 1 contract

Sources: Stock Purchase Agreement (Nathans Famous Inc)

Binding Effect and Assignment. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, executors, legal representatives, permitted successors and assigns; but neither this Agreement nor any of the rights, benefits or obligations hereunder shall be assigned, by operation of law or otherwise, by any party hereto without the prior written consent of the other partyparties, except for an assignment of all or a portion of the Buyer's rights hereunder to any one or more wholly-owned subsidiaries or wholly-owned affiliates of the Buyer. Nothing in this Agreement, express or implied, is intended to confer upon any person or entity, entity other than the parties hereto and their respective heirs, executors, legal representatives, permitted successors and assigns, any rights, benefits or obligations hereunder.

Appears in 1 contract

Sources: Stock and Asset Purchase Agreement (Kinder Morgan Inc)

Binding Effect and Assignment. This Agreement shall be binding upon and inure to the benefit of the parties hereto Parties and their respective heirs, executors, legal representatives, permitted successors and assigns; but neither this Agreement nor any of the rights, benefits or obligations hereunder shall be assigned, by operation of law or otherwise, by any party hereto Party without the prior written consent of the other partyParty; provided, however, that Company may assign its rights and obligations hereunder to any Affiliate, and Executive specifically consents to such future assignment. Nothing in this Agreement, express or implied, is intended to confer upon any person or entity, entity other than the parties hereto Parties and their respective heirs, executors, legal representatives, permitted successors and assigns, any rights, benefits or obligations hereunder.

Appears in 1 contract

Sources: Separation and Release of Claims Agreement (Stem, Inc.)

Binding Effect and Assignment. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, executors, legal representatives, permitted successors and assigns; but neither this Agreement nor any of the rights, benefits or obligations hereunder shall be assigned, by operation of law or otherwise, by any party hereto without the prior written consent of the other partyparties, except for an assignment of all or a portion of any Buyer's rights hereunder to any one or more wholly-owned subsidiaries or wholly-owned affiliates of the Buyers. Nothing in this Agreement, express or implied, is intended to confer upon any person or entity, entity other than the parties hereto and their respective heirs, executors, legal representatives, permitted successors and assigns, any rights, benefits or obligations hereunder.

Appears in 1 contract

Sources: Stock Purchase Agreement (Chell Group Corp)