Common use of Binding Effect; Benefit; Assignment Clause in Contracts

Binding Effect; Benefit; Assignment. (a) The provisions of this Agreement shall be binding upon and shall inure to the benefit of the Parties and their respective successors and permitted assigns. No provision of this Agreement is intended to confer any rights, benefits, remedies, obligations or liabilities hereunder upon any Person other than the Parties and their successors and permitted assigns. (b) No Party may assign, delegate or otherwise transfer any of its rights or obligations under this Agreement without the consent of each other Party. Any purported assignment, delegation or transfer not permitted by this Section 8.04(b) is null and void.

Appears in 38 contracts

Sources: Purchase Agreement (Cantor EP Holdings II, LLC), Purchase Agreement (Cantor EP Holdings IV, LLC), Purchase Agreement (CFAC Holdings V, LLC)

Binding Effect; Benefit; Assignment. (a) The provisions of this Agreement shall be binding upon and shall inure to the benefit of the Parties and their respective successors and permitted assigns. No Except with respect to Article VII, no provision of this Agreement is intended to confer any rights, benefits, remedies, obligations or liabilities hereunder upon any Person other than the Parties hereto and their respective successors and permitted assigns. (b) No Party party may assign, delegate or otherwise transfer any of its rights or obligations under this Agreement without the consent of each other Partyparty hereto. Any purported assignment, delegation or transfer not permitted by assignment in violation of this Section 8.04(b9.05(b) is shall be null and void.

Appears in 4 contracts

Sources: Share Purchase Agreement (The9 LTD), Share Purchase Agreement (The9 LTD), Share Purchase Agreement (The9 LTD)

Binding Effect; Benefit; Assignment. (a) The provisions of this Agreement shall be binding upon and shall inure to the benefit of the Parties and their respective successors and permitted assigns. No Except with respect to Article VII, no provision of this Agreement is intended to confer any rights, benefits, remedies, obligations or liabilities hereunder upon any Person other than the Parties hereto and their respective successors and permitted assigns. (b) No Party party may assign, delegate or otherwise transfer any of its rights or obligations under this Agreement without the consent of each other Partyparty hereto. Any purported assignment, delegation or transfer not permitted by assignment in violation of this Section 8.04(b9.07(b) is shall be null and void.

Appears in 3 contracts

Sources: Share Purchase Agreement, Share Purchase Agreement (Zhu Jun), Share Purchase Agreement (Ark Pacific Investment Management LTD)

Binding Effect; Benefit; Assignment. (a) The provisions of this Agreement shall be binding upon and shall inure to the benefit of the Parties and their respective successors and permitted assigns. No provision of this Agreement is intended to confer any rights, benefits, remedies, obligations or liabilities hereunder upon any Person other than the Parties and their successors and permitted assigns. (b) No Party may assign, delegate or otherwise transfer any of its rights or obligations under this Agreement without the consent of each other Partya Majority of the Family Branches. Any purported assignment, delegation or transfer not permitted by this Section 8.04(b4.9(a) is null and void.

Appears in 2 contracts

Sources: Voting and Transfer Agreement (Cantor Fitzgerald, L. P.), Voting and Transfer Agreement (Cantor Fitzgerald, L. P.)

Binding Effect; Benefit; Assignment. (a) The provisions of this Agreement shall be binding upon and shall inure to the benefit of the Parties and their respective successors and permitted assigns. No Except with respect to Article VII, no provision of this Agreement is intended to confer any rights, benefits, remedies, obligations or liabilities hereunder upon any Person other than the Parties hereto and their respective successors and permitted assigns. (b) No Party party may assign, delegate or otherwise transfer any of its rights or obligations under this Agreement without the consent of each other Partyparty hereto. Any purported assignment, delegation or transfer not permitted by assignment in violation of this Section 8.04(b9.06(b) is shall be null and void.

Appears in 2 contracts

Sources: Share Purchase Agreement (The9 LTD), Share Purchase Agreement (The9 LTD)

Binding Effect; Benefit; Assignment. (a) The provisions of this Agreement shall be binding upon and shall inure to the benefit of the Parties parties and their respective successors and permitted assigns. No provision of this Agreement is intended to confer any rights, benefits, remedies, obligations or liabilities hereunder upon any Person other than the Parties parties and their successors and permitted assigns. (b) . No Party party may assign, delegate or otherwise transfer any of its rights or obligations under this Agreement without the consent of each other Partyparty. Any purported assignment, delegation or transfer not permitted by this Section 8.04(b) 8 is null and void.

Appears in 1 contract

Sources: Registration Rights Agreement (Corebridge Financial, Inc.)

Binding Effect; Benefit; Assignment. (a) The provisions of this Agreement shall be binding upon and shall inure to the benefit of the Parties and their respective successors and permitted assigns. No Except with respect to Article 7, no provision of this Agreement is intended to confer any rights, benefits, remedies, obligations or liabilities hereunder upon any Person other than the Parties hereto and their respective successors and permitted assigns. (b) No Party party may assign, delegate or otherwise transfer any of its rights or obligations under this Agreement without the consent of each other Partyparty hereto. Any purported assignment, delegation or transfer not permitted by assignment in violation of this Section 8.04(b9.06(b) is shall be null and void.

Appears in 1 contract

Sources: Share Purchase Agreement (IE LTD)