Common use of Succession and Assignment Clause in Contracts

Succession and Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties named herein and their respective successors and permitted assigns. No Party may assign either this Agreement or any of its rights, interests, or obligations hereunder without the prior written approval of the Buyer or the Seller, as the case may be; provided, however, that the Buyer may (i) assign any or all of its rights and interests hereunder to one or more of its wholly-owned subsidiaries and (ii) designate one or more of its wholly-owned subsidiaries to perform its obligations hereunder (in any or all of which cases the Buyer nonetheless shall remain responsible for the performance of all of its obligations hereunder).

Appears in 5 contracts

Sources: Stock Purchase Agreement (Little Wing Partners L P), Stock Purchase Agreement (Little Wing Partners L P), Stock Purchase Agreement (Milestone Scientific Inc/Nj)

Succession and Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties named herein and their respective successors and permitted assigns. No Party may assign either this Agreement or any of his, her, or its rights, interests, or obligations hereunder without the prior written approval of the Buyer or the Seller, as the case may beand Sellers; provided, however, that the Buyer may may: (i) assign any or all of its rights and interests hereunder to one (1) or more of its wholly-owned subsidiaries Affiliates; and (ii) designate one (1) or more of its wholly-owned subsidiaries Affiliates to perform its obligations hereunder (in any or all of which cases the Buyer nonetheless shall remain responsible for the performance of all of its obligations hereunder).

Appears in 4 contracts

Sources: Equity Interest Purchase Agreement (Grove, Inc.), Stock Purchase Agreement (Leafbuyer Technologies, Inc.), Stock Purchase Agreement (General Employment Enterprises Inc)

Succession and Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties named herein and their respective successors and permitted assigns. No Party may assign either this Agreement or any of its rights, interests, interests or obligations hereunder without the prior written approval of the Buyer or the Sellerother Party, as the case may beand any attempt to make any such assignment without such consent shall be null and void; provided, however, that the Buyer may (i) assign this Agreement or any or all of its rights and rights, interests hereunder or obligations, in whole or in part, to one or more of its wholly-owned subsidiaries and (ii) designate one or more of its wholly-owned subsidiaries to perform its obligations hereunder (in any or all of which cases the subsidiaries, but Buyer nonetheless shall remain responsible for the performance jointly and severally liable with any such assignee(s) with respect to all obligations of all of its obligations Buyer hereunder).

Appears in 4 contracts

Sources: Asset Purchase Agreement (Vivus Inc), Asset Purchase Agreement (Vivus Inc), Asset Purchase Agreement (Vivus Inc)

Succession and Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties named herein and their respective successors and permitted assigns. No Party may assign either this Agreement or any of his, her, or its rights, interests, or obligations hereunder without the prior written approval of the Buyer or the Seller, as the case may beand Requisite Sellers; provided, however, that the Buyer may (i) assign any or all of its rights and interests hereunder to one or more of its wholly-owned subsidiaries Affiliates and (ii) designate one or more of its wholly-owned subsidiaries Affiliates to perform its obligations hereunder (in any or all of which cases the Buyer nonetheless shall remain responsible for the performance of all of its obligations hereunder).

Appears in 4 contracts

Sources: Stock Purchase Agreement (Marquie Group, Inc.), Stock Purchase Agreement (Marquie Group, Inc.), Unit Purchase Agreement (Juhl Wind, Inc)

Succession and Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties parties named herein and their respective successors and permitted assigns. No Party party may assign either this Agreement or any of his or its rights, interests, or obligations hereunder without the prior written approval of the Buyer or and the Seller, as the case may be; provided, however, that the Buyer may may, upon prior written notice (i) assign any or all of its rights and interests hereunder to one or more of its wholly-owned subsidiaries and Affiliates, (ii) designate one or more of its wholly-owned subsidiaries Affiliates to perform its obligations hereunder (in any or all of which cases the Buyer nonetheless shall remain responsible for the performance of all of its obligations hereunder)) and (iii) grant a security interest in respect of its rights hereunder to its lenders.

Appears in 3 contracts

Sources: Stock Purchase Agreement (B-Maven, Inc.), Stock Purchase Agreement (Fashion Net Inc), Stock Purchase Agreement (Lmi Aerospace Inc)

Succession and Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties named herein and their respective successors and permitted assigns. No Party may assign either this Agreement or any of his or its rights, interests, or obligations hereunder without the prior written approval of the Buyer or the and Seller, as the case may be; provided, however, that the Buyer may (ia) assign any or all of its rights and interests hereunder to one or more of its wholly-owned subsidiaries Affiliates in which it owns more than 51% of the voting equity, and (iib) designate one or more of its wholly-owned subsidiaries Affiliates to perform its obligations hereunder (in any or all of which cases the Buyer nonetheless shall remain responsible for the performance of all of its obligations hereunder).

Appears in 3 contracts

Sources: Asset Purchase Agreement (Generex Biotechnology Corp), Asset Purchase Agreement (Generex Biotechnology Corp), Asset Purchase Agreement (Generex Biotechnology Corp)

Succession and Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties named herein and their respective successors and permitted assigns. No Party may assign either this Agreement or any of his, her, or its rights, interests, or obligations hereunder without the prior written approval of the Buyer or and the Seller, as the case may be; provided, however, that the Buyer may (i) assign any or all of its rights and interests hereunder to one or more of its wholly-owned subsidiaries Affiliates and (ii) designate one or more of its wholly-owned subsidiaries Affiliates to perform its obligations hereunder (in any or all of which cases the Buyer nonetheless shall remain responsible for the performance of all of its obligations hereunder).

Appears in 2 contracts

Sources: Stock Purchase Agreement (Fields MRS Original Cookies Inc), Stock Purchase Agreement (Pretzel Time Inc)

Succession and Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties named herein and their respective successors successors, heirs, Personal representatives and permitted assigns. No Party may assign either this Agreement or any of his or its rights, interests, or obligations hereunder without the prior written approval of the Buyer or the Seller, as the case may beand Sellers' Representative; provided, however, that the Buyer may (i) assign any or all of its rights and interests hereunder to one or more of its wholly-owned subsidiaries Affiliates and (ii) designate one or more of its wholly-owned subsidiaries Affiliates to perform its obligations hereunder (in any or all of which cases the Buyer nonetheless shall remain responsible for the performance of all of its obligations hereunder).

Appears in 2 contracts

Sources: Purchase Agreement (Pantry Inc), Purchase Agreement (Pantry Inc)

Succession and Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties parties named herein and their respective successors and permitted assigns. No Party may assign either this Agreement or any of his or its rights, interests, or obligations hereunder without the prior written approval of the Buyer or Buyer, the Stockholder and the Seller, as the case may be; provided, however, that the Buyer may (i) assign any or all of its rights and interests hereunder to one or more of its wholly-owned subsidiaries and affiliates, (ii) designate one or more of its wholly-owned subsidiaries affiliates to perform its obligations hereunder (in any or all of which cases the Buyer nonetheless shall remain responsible for the performance of all of its obligations hereunder), and (iii) collaterally assign any or all of its rights and interests hereunder to one or more lenders of the Buyer.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Stran & Company, Inc.), Asset Purchase Agreement (Stran & Company, Inc.)

Succession and Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties named herein and their respective successors and permitted assigns. No Party may assign either this Agreement or any of its rights, interests, or obligations hereunder without the prior written approval of the Buyer or and the Seller, as the case may be; provided, however, that the Buyer may (i) assign any or all of its rights and interests hereunder to one or more of its wholly-owned subsidiaries Affiliates, or to one or more lenders for the Buyer or such affiliates, and (ii) designate one or more of its wholly-owned subsidiaries Affiliates to perform its obligations hereunder (in any or all of which cases the Buyer nonetheless shall remain responsible for the performance of all of its obligations hereunder).

Appears in 2 contracts

Sources: Stock and Asset Purchase Agreement (Spinnaker Industries Inc), Stock and Asset Purchase Agreement (Lynch Corp)

Succession and Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties named herein and their respective successors and permitted assigns. No Party may assign either this Agreement or any of his or its rights, interests, or obligations hereunder without the prior written approval of the Buyer or Buyers and the Seller, as the case may be's Owner; provided, however, that the Buyer Buyers may (i) assign any or all of its their rights and interests hereunder to one or more of its wholly-owned subsidiaries their Affiliates and (ii) designate one or more of its wholly-owned subsidiaries their Affiliates to perform its their obligations hereunder (in any or all of which cases the Buyer Buyers nonetheless shall remain liable and responsible for the performance of all of its their obligations hereunder).

Appears in 2 contracts

Sources: Asset Purchase Agreement (Cumulus Media Inc), Asset Purchase Agreement (Cumulus Media Inc)

Succession and Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties parties named herein and their respective successors and permitted assigns. No Party may assign either this Agreement or any of his or its rights, interests, or obligations hereunder without the prior written approval of the Buyer or Buyer, the Stockholders and the Seller, as the case may be; provided, however, that the Buyer may (i) assign any or all of its rights and interests hereunder to one or more of its wholly-owned subsidiaries and affiliates, (ii) designate one or more of its wholly-owned subsidiaries affiliates to perform its obligations hereunder (in any or all of which cases the Buyer nonetheless shall remain responsible for the performance of all of its obligations hereunder), and (iii) collaterally assign any or all of its rights and interests hereunder to one or more lenders of the Buyer.

Appears in 2 contracts

Sources: Asset Purchase Agreement (1847 Goedeker Inc.), Asset Purchase Agreement (1847 Holdings LLC)

Succession and Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties named herein and their respective successors and permitted assigns. No Party may assign either this Agreement or any of his, her, or its rights, interests, or obligations hereunder without the prior written approval of the Buyer or the Seller, as the case may beother Party; provided, however, that the Buyer may (i) assign any or all of its rights and interests hereunder to one or more of its wholly-owned subsidiaries and (ii) designate one or more of its wholly-owned subsidiaries to perform its obligations hereunder (in any or all of which cases the Buyer nonetheless shall remain responsible for the performance of all of its obligations hereunder). This Agreement shall not confer any rights or remedies upon any Person other than the Parties and their respective successors and permitted assigns.

Appears in 2 contracts

Sources: Stock Purchase Agreement (Td Ameritrade Holding Corp), Stock Purchase Agreement (Td Ameritrade Holding Corp)

Succession and Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties parties named herein and their respective successors and permitted assigns. No Party party may assign either this Agreement or any of his or its rights, interests, or obligations hereunder without the prior written approval of the Buyer or and the Seller, as the case may beSellers; provided, however, that the Buyer may may, upon prior written notice (i) assign any or all of its rights and interests hereunder to one or more of its wholly-owned subsidiaries and Affiliates, (ii) designate one or more of its wholly-owned subsidiaries Affiliates to perform its obligations hereunder (in any or all of which cases the Buyer nonetheless shall remain responsible for the performance of all of its obligations hereunder)) and (iii) grant a security interest in respect of its rights hereunder to its lenders.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Growlife, Inc.), Stock Purchase Agreement (Jackson Products Inc)

Succession and Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties parties named herein and their respective successors and permitted assigns. No Party party may assign either this Agreement or any of his or its rights, interests, or obligations hereunder without the prior written approval of the Buyer or and the Seller, as the case may be; provided, however, that the Buyer may may, upon prior written notice (i) assign any or all of its rights and interests hereunder to one or more of its wholly-owned subsidiaries and Affiliates, (ii) designate one or more of its wholly-owned subsidiaries his Affiliates to perform its his obligations hereunder (in any or all of which cases the Buyer nonetheless shall remain responsible for the performance of all of its his obligations hereunder)) and (iii) grant a security interest in respect of its rights hereunder to his lenders.

Appears in 2 contracts

Sources: Stock Purchase Agreement, Stock Purchase Agreement (International Packaging & Logistics Group Inc.)

Succession and Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties named herein and their respective successors and permitted assigns. No Party may assign either this Agreement or any of his, her, or its rights, interests, or obligations hereunder without the prior written approval of the Buyer or the and Seller, as the case may be; provided, however, that the Buyer may may: (i) assign any or all of its rights and interests hereunder to one (1) or more of its wholly-owned subsidiaries Affiliates; and (ii) designate one (1) or more of its wholly-owned subsidiaries Affiliates to perform its obligations hereunder (in any or all of which cases the Buyer nonetheless shall remain responsible for the performance of all of its obligations hereunder).

Appears in 2 contracts

Sources: Stock Purchase Agreement (XSport Global, Inc.), Stock Purchase Agreement (General Employment Enterprises Inc)

Succession and Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties named herein and their respective successors and permitted assigns. No Party may assign either this Agreement or any of his or its rights, interests, or obligations hereunder without the prior written approval of the Buyer or Representative and the Seller, as the case may beSeller Representative; provided, however, that the Buyer may (i) assign any or all of its rights and interests hereunder to one or more of its wholly-owned subsidiaries Affiliates or to any other designee, and (ii) designate one or more of its wholly-owned subsidiaries Affiliates or any other designee to perform its obligations hereunder (in any or all of which cases the Buyer nonetheless shall remain responsible for the performance of all of its their obligations hereunder).

Appears in 2 contracts

Sources: Stock Purchase Agreement (Novus Robotics Inc.), Stock Purchase Agreement (Ecoland International)

Succession and Assignment. This Agreement shall be binding upon -------------------------- and inure to the benefit of the Parties named herein and their respective successors and permitted assigns. No Party may assign either this Agreement or any of his or its rights, interests, or obligations hereunder without the prior written approval of the Buyer or and the Seller, as the case may beRequisite Sellers; provided, however, that -------- ------- the Buyer may (i) assign any or all of its rights and interests hereunder to one or more of its wholly-owned subsidiaries Affiliates and (ii) designate one or more of its wholly-owned subsidiaries Affiliates to perform its obligations hereunder (hereunder, in any or all of which cases the Buyer nonetheless shall remain responsible for the performance of all of its obligations hereunder).

Appears in 1 contract

Sources: Agreement and Plan of Reorganization (Lexar Media Inc)

Succession and Assignment. This Agreement shall be binding upon ------------------------- and inure to the benefit of the Parties named herein and their respective successors and permitted assigns. No Party may assign either this Agreement or any of his or its rights, interests, or obligations hereunder without the prior written approval of the Buyer or and the Seller, as the case may beSellers; provided, however, that the Buyer may (i) assign any or all of its rights and interests hereunder to one or more of its wholly-owned subsidiaries Affiliates and (ii) designate one or more of its wholly-owned subsidiaries Affiliates to pay and perform its obligations hereunder (in any or all of which cases the Buyer nonetheless shall remain responsible jointly and severally liable for the payment and performance of all of its the obligations of Buyer hereunder).

Appears in 1 contract

Sources: Stock Purchase Agreement (Southwest Water Co)

Succession and Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties named herein and their respective successors and permitted assigns. No Party may assign either this Agreement or any of its rights, interests, or obligations hereunder without the prior written approval of the Buyer or and the Seller, as the case may bewhich approval shall not be unreasonably withheld or delayed; provided, however, that the Buyer may (i) assign any or all of its rights and interests hereunder to one or more of its wholly-owned subsidiaries Affiliates and (ii) designate one or more of its wholly-owned subsidiaries Affiliates to perform its obligations hereunder (in any or all of which cases the Buyer nonetheless shall remain responsible for the performance of all of its obligations hereunder).

Appears in 1 contract

Sources: Stock Purchase Agreement (Aurelio Resource Corp)

Succession and Assignment. This Agreement shall be binding upon and ------------------------- inure to the benefit of the Parties named herein and their respective successors and permitted assigns. No Party may assign either this Agreement or any of its such Party's rights, interests, or obligations hereunder under this Agreement without the prior written approval of the Buyer or and the Seller, as the case may be; provided, however, that the Buyer may may, in its sole discretion, (i) assign ----------------- any or all of its rights and interests hereunder under this Agreement to one or more of its wholly-owned subsidiaries Affiliates and (ii) designate one or more of its wholly-owned subsidiaries Affiliates to perform its obligations hereunder under this Agreement (in any or all of which cases the Buyer nonetheless shall remain responsible for the performance of all of its obligations hereunderunder this Agreement).

Appears in 1 contract

Sources: Purchase Agreement (Luiginos Inc)

Succession and Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties named herein and their respective successors and permitted assigns. No Party may assign either this Agreement or any of his or its rights, interests, or obligations hereunder without the prior written approval of the Buyer and Seller (such approval not to be unreasonably withheld or the Seller, as the case may bedelayed); provided, however, that the Buyer may (i) assign any or all of its rights and interests hereunder to one or more of its wholly-owned subsidiaries Affiliates and (ii) designate one or more of its wholly-owned subsidiaries Affiliates to perform its obligations hereunder (in any or all of which cases the Buyer nonetheless shall remain responsible for the performance of all of its obligations hereunder).

Appears in 1 contract

Sources: Stock Purchase Agreement (Poster Financial Group Inc)

Succession and Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties named herein and their respective successors and permitted assigns. No Party may assign either this Agreement or any of its rights, interests, or obligations hereunder without the prior written approval of the Buyer or the Sellerother party, as the case may be; provided, however, provided that the Buyer may assign its rights hereunder to a wholly owned subsidiary of Buyer, provided (i) assign that such assignment shall not release Buyer of any or all of its rights and interests hereunder to one or more of its wholly-owned subsidiaries obligations hereunder; and (ii) designate one or more of its wholly-owned subsidiaries such Assignee shall, in a writing reasonably satisfactory to Seller, assume and agree to perform its obligations hereunder (in any or all of which cases the Buyer nonetheless shall remain responsible for the performance of all of its Buyer's obligations hereunder).

Appears in 1 contract

Sources: Stock Purchase Agreement (NRG Energy Inc)

Succession and Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties named herein and their respective successors and permitted assigns. No Party may assign either this Agreement or any of his or its rights, interests, or obligations hereunder without the prior written approval of the Buyer or Representative and the Seller, as the case may beSeller Representative; provided, however, that the Buyer Buyers may (i) assign any or all of its rights and interests hereunder to one or more of its wholly-owned subsidiaries Affiliates or to any other designee, and (ii) designate one or more of its wholly-owned subsidiaries Affiliates or any other designee to perform its obligations hereunder (in any or all of which cases the Buyer Buyers nonetheless shall remain responsible for the performance of all of its their obligations hereunder).

Appears in 1 contract

Sources: Stock Purchase Agreement (Galaxy Championship Wrestling Inc)

Succession and Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties named herein and their respective successors and permitted assigns. No Party may assign either this Agreement or any of its rights, interests, interests or obligations hereunder without the prior written approval of the Buyer or and the Seller, as the case may beRepresentative; provided, however, that that, unless expressly prohibited hereunder, the Buyer may (i) assign any or all of its rights and interests hereunder to one or more of its wholly-owned subsidiaries Affiliates and (ii) designate one or more of its wholly-owned subsidiaries Affiliates to perform its obligations hereunder (in any or all of which cases the Buyer nonetheless shall remain responsible for the performance of all of its obligations hereunder).

Appears in 1 contract

Sources: Merger Agreement (Generac Holdings Inc.)

Succession and Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties named herein and their respective successors and permitted assigns. No Neither Party may shall be entitled to assign or transfer either this Agreement or any of its rights, interests, or obligations hereunder without the prior written approval of the other Party, except that Buyer or shall have the Seller, as the case may be; provided, however, that the Buyer may right to (i) assign any or all of its rights and interests hereunder to one or more of its wholly-owned subsidiaries Affiliates, including its new company to be formed in R.O.C. without the prior written consent of Seller and (ii) designate one or more of its wholly-owned subsidiaries Affiliates to perform its obligations hereunder (in any or all of which cases the Buyer nonetheless shall remain responsible for the performance of all of its obligations hereunder).

Appears in 1 contract

Sources: Asset Purchase Agreement (Integrated Telecom Express Inc/ Ca)

Succession and Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties named herein and their respective successors and permitted assigns. No Party may assign either this Agreement or any of its rights, interests, or obligations hereunder without the prior written approval of the Buyer or the Seller, as the case may beother Parties; provided, however, that the Buyer may (i) assign any or all of its rights and interests hereunder to one or more of its wholly-owned subsidiaries Affiliates; (ii) Buyer may assign its right to purchase the Central Shares to ; and (iiiii) designate one or more of its wholly-owned subsidiaries Affiliates to perform its obligations hereunder (in any or all of which cases the Buyer nonetheless shall remain responsible for the performance of all of its obligations hereunder).

Appears in 1 contract

Sources: Purchase Agreement

Succession and Assignment. This Agreement shall be binding upon and -------------------------- inure to the benefit of the Parties named herein and their respective successors and permitted assigns. No Party may assign either this Agreement or any of his or its rights, interests, or obligations hereunder without the prior written approval of the Buyer or and the Seller, as the case may beRequisite Sellers; provided, however, that the ----------------- Buyer may (i) assign any or all of its rights and interests hereunder to one or more of its wholly-owned subsidiaries Affiliates and (ii) designate one or more of its wholly-owned subsidiaries Affiliates to perform its obligations hereunder (in any or all of which cases the Buyer nonetheless shall remain responsible for the performance of all of its obligations hereunder).

Appears in 1 contract

Sources: Stock Purchase Agreement (Intellisys Group Inc)

Succession and Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties named herein and their respective successors and permitted assigns. No Party may assign either this Agreement or any of its rights, interests, or obligations hereunder without the prior written approval of the Buyer or the Seller, as the case may beother Parties; provided, however, that the Buyer may (i) assign any or all of its rights and interests hereunder to one or more of its wholly-owned subsidiaries Affiliates, (ii) make a collateral assignment of such rights and interests to one or more of its lenders and (iiiii) designate one or more of its wholly-owned subsidiaries Affiliates to perform its obligations and exercise its rights hereunder (in any or all of which cases the Buyer shall nonetheless shall remain responsible for the performance of all of its obligations hereunder).

Appears in 1 contract

Sources: Stock Purchase Agreement (Geokinetics Inc)

Succession and Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties named herein and their respective successors and permitted assigns. No Party may assign either this Agreement or any of his, her, or its rights, interests, or obligations hereunder without the prior written approval of the Buyer or the Seller, as the case may beand SNIH Stockholders; provided, however, that the Buyer may may: (i) assign any or all of its rights and interests hereunder to one (1) or more of its wholly-owned subsidiaries Affiliates; and (ii) designate one (1) or more of its wholly-owned subsidiaries Affiliates to perform its obligations hereunder (in any or all of which cases the Buyer nonetheless shall remain responsible for the performance of all of its obligations hereunder).

Appears in 1 contract

Sources: Merger Agreement (GEE Group Inc.)

Succession and Assignment. This Agreement shall be binding upon and ------------------------- inure to the benefit of the Parties named herein and their respective successors and permitted assigns. No Party may assign either this Agreement or any of his or its rights, interests, or obligations hereunder without the prior written approval of the Buyer or and the Seller, as the case may beRequisite Sellers; provided, however, that the ----------------- Buyer may (i) assign any or all of its rights and interests hereunder to one or more of its wholly-owned subsidiaries Affiliates and (ii) designate one or more of its wholly-owned subsidiaries Affiliates to perform its obligations hereunder (in any or all of which cases the Buyer nonetheless shall remain responsible for the performance of all of its obligations hereunder).

Appears in 1 contract

Sources: Stock Purchase Agreement (Intellisys Group Inc)

Succession and Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties parties named herein and their respective successors and permitted assigns. No Party party may assign either this Agreement or any of its rights, interests, or obligations hereunder without the prior written approval of the Buyer or the Seller, as the case may beother party; provided, however, that the Buyer may (i) assign any or all of its rights and interests hereunder to one or more of its wholly-owned subsidiaries Affiliates and (ii) designate one or more of its wholly-owned subsidiaries Affiliates to perform its obligations hereunder or may assign its rights and obligations hereunder to a successor of substantially all of the Acquired Assets (in any or all of which cases the Buyer nonetheless shall remain responsible for the performance of all of its obligations hereunder).

Appears in 1 contract

Sources: Plan of Reorganization and Stock Exchange Agreement (Ibiz Technology Corp)

Succession and Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties named herein and their respective successors and permitted assigns. No Party may assign either this Agreement or any of his or its rights, interests, or obligations hereunder without the prior written approval of the Buyer or and the Seller, as the case may be; provided, however, that the Buyer may (i) assign any or all of its rights and interests hereunder to one or more of its wholly-owned subsidiaries Affiliates or to any other designee, and (ii) designate one or more of its wholly-owned subsidiaries Affiliates or any other designee to perform its obligations hereunder (in any or all of which cases the Buyer nonetheless shall remain responsible for the performance of all of its their obligations hereunder).

Appears in 1 contract

Sources: Stock Purchase Agreement (Universal Equity Partners Inc)

Succession and Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties named herein and their respective successors and permitted assigns. No Party may assign or delegate either this Agreement or any of its rights, interests, or obligations hereunder without the prior written approval of the Buyer or the Sellerand Sellers, as the case may beand any such assignment that is not consented to shall be null and void; provided, however, that the Buyer may (i) assign any or all of its rights and interests hereunder to one or more of its wholly-owned subsidiaries Affiliates and (ii) designate one or more of its wholly-owned subsidiaries Affiliates to perform its obligations hereunder (in any or all of which cases the Buyer nonetheless shall remain responsible for the performance of all of its obligations hereunder).

Appears in 1 contract

Sources: Purchase Agreement (American Financial Group Inc)

Succession and Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties named herein in this Agreement and their respective successors and permitted assigns. No Party may assign either this Agreement or any of its rights, interests, or obligations hereunder without the prior written approval of the Buyer or the Seller, as the case may beother Party; provided, however, that the Buyer may (i) assign any or all of its rights and interests hereunder to one or more of its wholly-owned subsidiaries Subsidiaries and (ii) designate one or more of its wholly-owned subsidiaries Subsidiaries to perform its obligations hereunder (in any or all of which cases the Buyer nonetheless shall remain responsible for the performance of all of its obligations hereunder).

Appears in 1 contract

Sources: Asset Purchase Agreement (Napro Biotherapeutics Inc)

Succession and Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties named herein and their respective successors and permitted assigns. No Party may assign either this Agreement or any of its rights, interests, or obligations hereunder without the prior written approval of the Buyer or Purchaser and the Seller, as the case may be; provided, however, that the Buyer may Purchaser shall have the right in its sole discretion to (i) assign any or all of its rights and interests hereunder to one or more of its wholly-owned subsidiaries Affiliates, and (ii) designate one or more of its wholly-owned subsidiaries Affiliates to perform its obligations hereunder (in any or all of which cases the Buyer Purchaser nonetheless shall remain responsible for and shall ensure the performance of all of its obligations hereunder).

Appears in 1 contract

Sources: Put and Call Option Agreement (Mobile Telesystems Ojsc)

Succession and Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties named herein and their respective successors and permitted assigns. No Party may assign either this Agreement or any of his, her or its rights, interests, or obligations hereunder without the prior written approval of the Buyer or and the Seller, as the case may beSellers' Agent; provided, however, that the Buyer may (i) assign any or all of its rights and interests hereunder to one or more of its wholly-owned subsidiaries Affiliates and (ii) designate one or more of its wholly-owned subsidiaries Affiliates to perform its obligations hereunder (in any or all of which cases the Buyer nonetheless shall remain responsible for the performance of all of its obligations hereunder).

Appears in 1 contract

Sources: Agreement and Plan of Merger (Delias Inc)

Succession and Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties named herein and their respective successors and permitted assigns. No Party may assign either this Agreement or any of his, her, or its rights, interests, or obligations hereunder without the prior written approval of the Buyer or the Seller, as the case may beand Requisite Controlling Shareholders; provided, however, that the Buyer may (i) assign any or all of its rights and interests hereunder to one or more of its wholly-owned subsidiaries Affiliates and (ii) designate one or more of its wholly-owned subsidiaries Affiliates to perform its obligations hereunder (in any or all of which cases the Buyer nonetheless shall remain liable and responsible for the performance of all of its obligations hereunder).

Appears in 1 contract

Sources: Agreement With Controlling Shareholders (Isecuretrac Corp)

Succession and Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties named herein and their respective successors successors, legal representatives and permitted assigns. No Party may assign either this Agreement or any of its rightsrights or delegate any of its obligations under this Agreement, interestsby operation of Law or otherwise, or obligations hereunder without the prior written approval consent of the Buyer or the Seller, as the case may beother Party; provided, however, that the each of Buyer and Seller may (i) assign any or all of its rights and interests hereunder to one or more of its wholly-owned subsidiaries Affiliates and (ii) designate one or more of its wholly-owned subsidiaries Affiliates to perform its obligations hereunder (in any or all of which cases the Buyer and Seller, as applicable, nonetheless shall remain responsible for the performance of all of its obligations hereunder).

Appears in 1 contract

Sources: Interest Purchase Agreement

Succession and Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties named herein and their respective successors successors, permitted assigns, heirs, executors, and administrators and permitted assigns. No Party may assign either this Agreement or any of its rights, interests, or obligations hereunder without the prior written approval of the Buyer or the Seller, as the case may be; provided, other Party provided however, that the Buyer may Purchaser may: (i) assign any or all of its rights and interests hereunder to one or more of its wholly-owned subsidiaries affiliates; and (ii) designate one or more of its wholly-owned subsidiaries affiliates to perform its obligations hereunder (in any or all of which cases the Buyer Purchaser nonetheless shall remain responsible for the performance of all of its obligations hereunder). Any purported assignment in violation of this § 13.5 shall be void and of no effect.

Appears in 1 contract

Sources: Asset Purchase Agreement (Optibase LTD)

Succession and Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties named herein and their respective successors successors, permitted assigns, heirs, executors, and administrators and permitted assigns. No Party may assign either this Agreement or any of its rights, interests, or obligations hereunder without the prior written approval of the Buyer or the Seller, as the case may beother Party; provided, provided however, that the Buyer may Purchaser may: (i) assign any or all of its rights and interests hereunder to one or more of its wholly-owned subsidiaries affiliates; and (ii) designate one or more of its wholly-owned subsidiaries affiliates to perform its obligations hereunder (in any or all of which cases the Buyer Purchaser nonetheless shall remain responsible for the performance of all of its obligations hereunder). Any purported assignment in violation of this § ‎12.5 shall be void and of no effect.

Appears in 1 contract

Sources: Asset Purchase Agreement (Optibase LTD)

Succession and Assignment. This Agreement shall be binding upon and ------------------------- inure to the benefit of the Parties named herein and their respective successors and permitted assigns. No Party may assign either this Agreement or any of its rights, interests, interests or obligations hereunder without the prior written approval of the Buyer or the Seller, as the case may beother Parties; provided, however, that that, unless expressly prohibited hereunder, the Buyer may (i) assign any or all of its rights and interests hereunder to one or more of its wholly-owned subsidiaries Affiliates and (ii) designate one or more of its wholly-owned subsidiaries Affiliates to perform its obligations hereunder and (ii) assign any or all of its rights and interests hereunder as security for any obligations arising in connection with the Financing (in any or all of which cases the Buyer nonetheless shall remain responsible for the performance of all of its obligations hereunder).

Appears in 1 contract

Sources: Stock Purchase Agreement (Pacer International Inc)

Succession and Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties parties named herein and their respective successors and permitted assigns. No Party party may assign either this Agreement or any of his or its rights, interests, or obligations hereunder without the prior written approval of the Buyer or and the Seller, as the case may beSelling Shareholders; provided, however, that the Buyer may may, upon prior written notice (i) assign any or all of its rights and interests hereunder to one or more of its wholly-owned subsidiaries and Affiliates, (ii) designate one or more of its wholly-owned subsidiaries Affiliates to perform its obligations hereunder (in any or all of which cases the Buyer nonetheless shall remain responsible for the performance of all of its obligations hereunder)) and (iii) grant a security interest in respect of its rights hereunder to its lenders.

Appears in 1 contract

Sources: Share Purchase Agreement (Protea Biosciences Group, Inc.)

Succession and Assignment. This Agreement shall be binding upon and -------------------------- inure to the benefit of the Parties named herein and their respective successors and permitted assigns. No Party may assign either this Agreement or any of its his rights, interests, or obligations hereunder without the prior written approval of the Buyer or and the Seller, as the case may beRequisite Seller Stockholders; provided, however, that the Buyer may (i) assign any or all of its rights and interests hereunder to one or more of its wholly-owned subsidiaries Affiliates and (ii) designate one or more of its wholly-owned subsidiaries Affiliates to perform its obligations hereunder (in any or all of which cases the Buyer nonetheless shall remain liable and responsible for the performance of all of its obligations hereunder).

Appears in 1 contract

Sources: Agreement With Seller Stockholders (Intellisys Group Inc)