Obligations Binding Upon Transferees Sample Clauses

The "Obligations Binding Upon Transferees" clause ensures that any party who acquires rights or interests under the agreement is also required to comply with its terms and obligations. In practice, this means that if a party sells, assigns, or otherwise transfers their stake in the contract to another entity, the new party must honor all existing commitments, such as payment terms, confidentiality, or performance requirements. This clause is essential for maintaining continuity and enforceability of the agreement, preventing parties from evading responsibilities by transferring their interests to others.
Obligations Binding Upon Transferees. All transferees of Shares or any interest therein will receive and hold such Shares or interests subject to the provisions of this Agreement. Any sale or transfer of the Shares will be void unless the provisions of this Agreement are met.
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Obligations Binding Upon Transferees. All transferees of Shares or any interest therein will receive and hold such Shares or interests subject to the provisions of this Agreement, including, insofar as applicable, the Company’s Repurchase Option, Right of First Refusal and Involuntary Transfer Option under this Section 3. Any sale or transfer of the Shares shall be void unless the provisions of this Agreement are met.
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Obligations Binding Upon Transferees. Any permitted transferee of Notes or any interest therein will receive and hold such Notes or interests subject to the provisions of this Section 10. Any such transferee shall agree in writing that the transferee shall hold the Notes subject to the provisions of this Section 10 and that no further transfers shall be made except as provided in this Section 10. (c)
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Obligations Binding Upon Transferees. All transferees of Shares or any interest therein will receive and hold such Shares or interests subject to the provisions of this Agreement, including, insofar as applicable, the Company's Right of First Refusal and Involuntary Transfer Option under this Section 2. Any sale or transfer of the Shares shall be void unless the provisions of this Agreement are complied with.
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Obligations Binding Upon Transferees. All transferees of Restricted Securities or any interest therein will receive and hold such Restricted Securities or interests subject to the provisions of this Agreement, including, insofar as applicable, the Company's Right of First Refusal and Involuntary Transfer Option under this Section 1.3.
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Obligations Binding Upon Transferees. Any sale, transfer or other disposition of the Shares or any interest therein in violation of this Agreement shall be void and without effect.
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Obligations Binding Upon Transferees. All transferees of Restricted Shares or any interest therein will receive and hold such Restricted Shares or interest therein subject to the provisions of this Agreement, including, insofar as applicable, the Corporation’s Rights. Any sale or transfer of the Restricted Shares shall be void unless the provisions of this Agreement are complied with.
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Related to Obligations Binding Upon Transferees

  • Restrictions Binding on Transferees All transferees of Shares or any interest therein will receive and hold such Shares or interest subject to the provisions of this Agreement, including, insofar as applicable, the Repurchase Option. Any sale or transfer of the Shares shall be void unless the provisions of this Agreement are satisfied.

  • Obligations Binding Its obligations under this Agreement and any Credit Support Document to which it is a party constitute its legal, valid and binding obligations, enforceable in accordance with their respective terms (subject to applicable bankruptcy, reorganisation, insolvency, moratorium or similar laws affecting creditors’ rights generally and subject, as to enforceability, to equitable principles of general application (regardless of whether enforcement is sought in a proceeding in equity or at law)).

  • Agreement Binding Upon Successors and Assigns This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, successors, assigns, executors, trustees or other legal representatives, but the rights and obligations of the parties hereunder may not be Transferred or delegated except as provided in this Agreement and any attempted Transfer or delegation thereof that is not made pursuant to the terms of this Agreement shall be void.

  • Valuations binding Any valuation under Clause 15.2, 15.3 or 15.4 shall be binding and conclusive as regards the Borrowers, as shall be any valuation which the Majority Lenders make of any additional security which does not consist of or include a Security Interest.

  • Assignment; Binding Upon Successors and Assigns Neither party hereto may assign any of its rights or obligations hereunder without the prior written consent of the other party hereto. This Agreement will be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns.