Successors and Assigns and Assignment Clause Samples

The "Successors and Assigns and Assignment" clause defines how rights and obligations under a contract may be transferred to other parties. It typically specifies whether a party can assign its interests or delegate its duties to third parties, and under what conditions such transfers are permitted, such as requiring prior written consent. This clause ensures continuity of contractual obligations and clarifies the process for transferring interests, thereby preventing unauthorized assignments and protecting the interests of all parties involved.
Successors and Assigns and Assignment. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns; provided, that neither this Agreement nor any of the rights hereunder may be assigned by any of the parties hereto without the prior written consent of the other party.
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Successors and Assigns and Assignment. This Agreement shall bind and inure to the benefit of DISTRICT and CITY and their respective successors and permitted assigns.
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Successors and Assigns and Assignment. (a) Buyer may assign this Agreement and/or any of Buyer’s rights hereunder to any third-party individual or entity, without Seller’s consent (but upon written notice to Buyer and Escrow Holder. No transfer, whether with or without Seller’s consent, shall operate to release Buyer or alter Buyer’s primary liability to perform the obligations of Buyer under this Agreement or cause the Seller to incur any costs or other economic detriment in connection with the transfer. (b) This Agreement shall be binding upon and shall inure to the benefit of the permitted successors and assigns of the parties hereto.
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Successors and Assigns and Assignment. This Agreement shall bind and inure to the benefit of CSA 70 D-1 and LACSD and their respective successors and permitted assigns. LACSD may assign LACSD’s rights under this Agreement to a LACSD Affiliate without the prior written consent of CSA 70 D-1; provided, however, that LACSD provide written notice to CSA 70 D-1 and Escrow Holder at least ten (10) business days prior to Closing. In the event LACSD assigns its rights under this Agreement to a LACSD Affiliate as provided in this Section 7.4, LACSD and such assignee shall execute and deliver an assignment of this Agreement in a form approved by CSA 70 D-1. Any subsequent assignment other than to a LACSD Affiliate may be made only with the prior written consent of CSA 70 D-1. Any assignment of this Agreement in violation of the foregoing provisions shall be null and void. For purposes of this Agreement, “LACSD Affiliate” means any entity that is fifty percent (50%) or more controlled by LACSD (meaning LACSD is the controlling manager, member, general partner, or hold other similar managerial capacity) and in which LACSD owns a substantial economic interest. LACSD shall not be released and discharged from any liability or obligations under this Agreement on account of such assignment.
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Related to Successors and Assigns and Assignment

  • Successors and Assignment This Agreement shall (a) be binding upon and inure to the benefit of all successors and assigns of the Company (including any transferee of all or a substantial portion of the business, stock and/or assets of the Company and any direct or indirect successor by merger or consolidation or otherwise by operation of law), and (b) be binding on and shall inure to the benefit of the heirs, personal representatives, executors and administrators of the Independent Director. The Independent Director has no power to assign this Agreement or any rights and obligations hereunder.

  • Successors and Assignments 5.5.1 With the written consent of the Owner, the Professional may assign a portion of his financial interest to a recognized financial institution for underwriting operations covered by this Agreement. The Owner and the Professional each binds himself, his Partners, Successors, Assigns, and legal Representatives or such other party in respect to all covenants of this Agreement. Neither the Owner, nor the Professional, shall assign, sublet, or transfer interest in this Agreement without the written consent of the Owner.

  • Successors and Assigns; Assignment Except as otherwise provided in this Agreement, this Agreement, and the rights and obligations of the parties hereunder, will be binding upon and inure to the benefit of their respective successors, assigns, heirs, executors, administrators and legal representatives. The Company may assign any of its rights and obligations under this Agreement. No other party to this Agreement may assign, whether voluntarily or by operation of law, any of its rights and obligations under this Agreement, except with the prior written consent of the Company.

  • Successors and Assigns; Participations and Assignments (a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that (i) the Company may not assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of each Bank (and any attempted assignment or transfer by the Company without such consent shall be null and void) and (ii) no Bank may assign or otherwise transfer its rights or obligations hereunder except in accordance with this Section. Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants (to the extent provided in paragraph (c) of this Section) and, to the extent expressly contemplated hereby, the Administrative Agent’s and each Bank’s Affiliates and their respective directors, officers, employees, agents and advisors) any legal or equitable right, remedy or claim under or by reason of this Agreement. (i) Subject to the conditions set forth in paragraph (b)(ii) below, any Bank may assign to one or more assignees (each, an “Assignee”) all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitments and the Loans at the time owing to it) with the prior written consent of: (A) the Company (such consent not to be unreasonably withheld or delayed), provided that no consent of the Company shall be required (x) for an assignment to a Bank, an affiliate of a Bank, or an Approved Fund (as defined below) or (y) if an Event of Default under Sections 9(a) or (i) has occurred; and (B) the Administrative Agent, provided that no consent of the Administrative Agent shall be required for an assignment of all or any portion of a Loan to a Bank, an affiliate of a Bank or an Approved Fund. (ii) Assignments shall be subject to the following additional conditions: (A) except in the case of an assignment to a Bank, an affiliate of a Bank or an Approved Fund or an assignment of the entire remaining amount of the assigning Bank Commitments or Loans hereunder, the amount of the Commitments or Loans of the assigning Bank subject to each such assignment (determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent) shall not be less than $5,000,000 unless each of the Company and the Administrative Agent otherwise consent, provided that such amounts shall be aggregated in respect of each Bank and its affiliates or Approved Funds, if any; (B) the parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee of $3,500; and (C) the Assignee, if it shall not be a Bank, shall deliver to the Administrative Agent an administrative questionnaire.

  • Successors and Assignees This Agreement shall inure to the benefit of and be binding upon the successors and permitted assignees of the Parties.