BINDING EFFECT; SUCCESSORS & ▇▇▇▇▇▇▇ Clause Samples

The "Binding Effect; Successors & Assigns" clause establishes that the rights and obligations outlined in the agreement are legally enforceable not only by the original parties but also by their successors and permitted assigns. In practice, this means that if a party undergoes a merger, acquisition, or transfers its interests to another entity, the new party will be bound by the terms of the contract as if they were an original signatory. This clause ensures continuity and enforceability of the agreement, preventing parties from evading their responsibilities through organizational changes or transfers.
BINDING EFFECT; SUCCESSORS & ▇▇▇▇▇▇▇. This Contract shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and assigns.
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BINDING EFFECT; SUCCESSORS & ▇▇▇▇▇▇▇. This Cooperative Purchasing Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and assigns.
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BINDING EFFECT; SUCCESSORS & ▇▇▇▇▇▇▇. This Master Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and assigns.
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BINDING EFFECT; SUCCESSORS & ▇▇▇▇▇▇▇. This Cooperative Master Contract shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and assigns.
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Related to BINDING EFFECT; SUCCESSORS & ▇▇▇▇▇▇▇

  • Binding Effect; Successors and Assigns This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties hereto and their respective successors, assigns (including any direct or indirect successor by purchase, merger, consolidation or otherwise to all or substantially all of the business or assets of the Company), spouses, heirs and personal and legal representatives. The Company shall require and cause any successor (whether direct or indirect, and whether by purchase, merger, consolidation or otherwise) to all, substantially all, or a substantial part, of the business or assets of the Company, by written agreement in form and substance satisfactory to Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place. This Agreement shall continue in effect regardless of whether Indemnitee continues to serve as a director, officer, employee, agent or fiduciary (as applicable) of the Company or of any other enterprise at the Company's request.

  • Binding Effect, Etc Any amendment or waiver consented to as provided in this Section 17 applies equally to all holders of Notes and is binding upon them and upon each future holder of any Note and upon the Company without regard to whether such Note has been marked to indicate such amendment or waiver. No such amendment or waiver will extend to or affect any obligation, covenant, agreement, Default or Event of Default not expressly amended or waived or impair any right consequent thereon. No course of dealing between the Company and the holder of any Note nor any delay in exercising any rights hereunder or under any Note shall operate as a waiver of any rights of any holder of such Note. As used herein, the term “this Agreement” and references thereto shall mean this Agreement as it may from time to time be amended or supplemented.