Common use of No Assignment or Benefit to Third Parties Clause in Contracts

No Assignment or Benefit to Third Parties. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors, legal representatives and permitted assigns. Notwithstanding the foregoing, no party to this Agreement may assign any of its rights or delegate any of its obligations under this Agreement without the prior written consent of the other party hereto and any purported assignment in violation of the foregoing shall be null and void; provided, however, that Buyer may assign its rights and obligations under this Agreement to one or more of its Subsidiaries (it being understood that such assignment shall not relieve Buyer of its obligations hereunder). Except as expressly set forth in Article VIII, nothing in this Agreement, express or implied, is intended to confer upon any Person other than Buyer and Seller, and their respective successors, legal representatives and permitted assigns, any rights, benefits or remedies under or by reason of this Agreement.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Hershey Co), Asset Purchase Agreement (B&G Foods, Inc.)

No Assignment or Benefit to Third Parties. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors, legal representatives and permitted assigns. Notwithstanding Subject to the foregoingprovisions of Section 2.10, no party to this Agreement may assign any of its rights or delegate any of its obligations under this Agreement Agreement, by operation of Law or otherwise, without the prior written consent of the other party hereto hereto, except as provided in Section 9.5 and any purported assignment in violation of the foregoing shall be null and void; provided, however, except that Buyer may assign any and all of its rights and obligations under this Agreement to one or more direct or indirect wholly owned subsidiaries of its Subsidiaries VeriFone Holdings, Inc. (it being understood that but no such assignment shall not relieve Buyer of any of its obligations hereunder). Except as expressly set forth in Article VIII, nothing Nothing in this Agreement, express or implied, is intended to confer upon any Person other than Buyer and Buyer, Seller, ROI, the Indemnified Parties and their respective successors, legal representatives and permitted assigns, any rights, benefits rights or remedies under or by reason of this Agreement.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Return on Investment Corp), Asset Purchase Agreement (Return on Investment Corp)

No Assignment or Benefit to Third Parties. This Agreement shall be binding upon and inure to the benefit of the parties Parties hereto and their respective successors, legal representatives and permitted assigns. Notwithstanding the foregoing, no party No Party to this Agreement may assign any of its rights or delegate any of its obligations under this Agreement Agreement, by operation of Law or otherwise, without the prior written consent of the other party hereto and any purported assignment in violation of the foregoing shall be null and void; provided, however, that Buyer may assign its rights and obligations under this Agreement to one or more of its Subsidiaries (it being understood that such assignment shall not relieve Buyer of its obligations hereunder)Parties hereto. Except as expressly set forth in Article VIII, nothing Nothing in this Agreement, express or implied, is intended to confer upon any Person other than ResCap, Seller, Buyer and Seller, Subsidiary and each of their respective successors, legal representatives and permitted assigns, any rights, benefits rights or remedies under or by reason of this Agreement; provided, that, the Buyer Indemnified Parties (solely with respect to their indemnification rights pursuant to this Agreement) and the ResCap Indemnified Parties (solely with respect to their indemnification rights pursuant to this Agreement) shall be third party beneficiaries of such Sections of this Agreement, entitled to enforce those specified provisions hereof.

Appears in 2 contracts

Sources: Purchase Agreement (Gmac LLC), Purchase Agreement (Residential Capital, LLC)

No Assignment or Benefit to Third Parties. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors, legal representatives and permitted assigns. Notwithstanding Subject to the foregoingprovisions of Section 2.10, no party to this Agreement Party may assign any of its rights or delegate any of its obligations under this Agreement without the prior written consent of the each other party hereto Party, except as provided in Section 9.6 and any purported assignment in violation of the foregoing shall be null and void; provided, however, except that Buyer may assign any and all of its rights and delegate any of its obligations under this Agreement or any Ancillary Agreement to one or more any Person that acquires Units from the Buyer in accordance with the terms and conditions of its Subsidiaries the LLC Agreement (it being understood that but no such assignment or delegation shall not relieve Buyer of any of its obligations hereunder). Except as expressly set forth in Article VIII, nothing Nothing in this Agreement, express or implied, is intended to confer upon any Person other than Buyer and Buyer, Seller, FTFC, the Companies, the Indemnified Parties and their respective successors, legal representatives and permitted assigns, any rights, benefits rights or remedies under or by reason of this Agreement.

Appears in 2 contracts

Sources: Master Investment Agreement (Vantiv, Inc.), Master Investment Agreement (Fifth Third Bancorp)

No Assignment or Benefit to Third Parties. Subject to the provisions of Section 3.6, no party to this Agreement may assign any of its rights or delegate any of its obligations under this Agreement, by operation of Law or otherwise, without the prior written consent of the other party hereto, except as provided in Section 10.6 and except that Purchaser may assign any and all of its rights under this Agreement or any Ancillary Agreement to one or more of its wholly owned subsidiaries (but no such assignment shall relieve Purchaser of any of its obligations hereunder). This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors, legal representatives Representatives and permitted assigns. Notwithstanding the foregoing, no party to this Agreement may assign any of its rights or delegate any of its obligations under this Agreement without the prior written consent of the other party hereto and any purported assignment in violation of the foregoing shall be null and void; provided, however, that Buyer may assign its rights and obligations under this Agreement to one or more of its Subsidiaries (it being understood that such assignment shall not relieve Buyer of its obligations hereunder). Except as expressly set forth in Article VIII, nothing Nothing in this Agreement, express or implied, is intended to confer upon any Person Person, other than Buyer and Purchaser, Seller, the Indemnified Parties and their respective successors, legal representatives Representatives and permitted assigns, any rightslegal or equitable right, benefits remedy or remedies claim under or by reason of this Agreement.

Appears in 1 contract

Sources: Asset Purchase Agreement (Decode Genetics Inc)

No Assignment or Benefit to Third Parties. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors, legal representatives and permitted assigns. Notwithstanding Subject to the foregoingprovisions of Section 2.10, no party to this Agreement Party may assign any of its rights or delegate any of its obligations under this Agreement without the prior written consent of the each other party hereto Party, except as provided in Section 9.6 and any purported assignment in violation of the foregoing shall be null and void; provided, however, except that Buyer may assign any and all of its rights and delegate any of its obligations under this Agreement or any Ancillary Agreement to one or more any Person that acquires Units from the Buyer in accordance with the terms and conditions of its Subsidiaries the LLC Agreement (it being understood that but no such assignment or delegation shall not relieve Buyer of any of its obligations hereunder). Except as expressly set forth in Article VIII, nothing Nothing in this Agreement, express or implied, is intended to confer upon any Person other than Buyer and Buyer, Seller, the Indemnified Parties and their respective successors, legal representatives and permitted assigns, any rights, benefits rights or remedies under or by reason of this Agreement.

Appears in 1 contract

Sources: Master Investment Agreement (Fifth Third Bancorp)

No Assignment or Benefit to Third Parties. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors, legal representatives and permitted assigns. Notwithstanding Subject to the foregoingprovisions of Section 2.13, no party to this Agreement may assign any of its rights or delegate any of its obligations under this Agreement Agreement, by operation of Law or otherwise, without the prior written consent of the other party hereto hereto, except as provided in Section 10.5 and any purported assignment in violation of the foregoing shall be null and void; provided, however, except that Buyer may assign any and all of its rights and obligations under this Agreement or any Ancillary Agreement to one or more of its Wholly-Owned Subsidiaries (it being understood that but no such assignment shall not relieve Buyer of any of its obligations hereunder). Except as expressly set forth in Article VIII, nothing Nothing in this Agreement, express or implied, is intended to confer upon any Person other than Buyer and Buyer, Seller, the Indemnified Parties and their respective successors, legal representatives and permitted assigns, any rights, benefits rights or remedies under or by reason of this Agreement.

Appears in 1 contract

Sources: Asset Purchase Agreement (Netgear, Inc)

No Assignment or Benefit to Third Parties. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors, legal representatives and permitted assigns. Notwithstanding Subject to the foregoingprovisions of Section 2.9, no neither party to this Agreement may assign any of its rights or delegate any of its obligations under this Agreement Agreement, by operation of Law or otherwise, without the prior written consent of the other party hereto hereto, except as provided in Section 9.5 and any purported assignment in violation of the foregoing shall be null and void; provided, however, except that Buyer each party may assign any or all of its rights and obligations under this Agreement or any Ancillary Agreement to one or more of its Subsidiaries Affiliates (it being understood that but no such assignment shall not relieve Buyer such party of any of its obligations hereunder). Except as expressly set forth in Article VIII, nothing Nothing in this Agreement, express or implied, is intended to confer upon any Person other than Buyer and the Buyer, the Seller, the Indemnified Parties and their respective successors, legal representatives and permitted assigns, any rights, benefits rights or remedies under or by reason of this Agreement.

Appears in 1 contract

Sources: Share Purchase Agreement (Cree Inc)