Successors and Assigns Bound Clause Samples
The "Successors and Assigns Bound" clause ensures that the rights and obligations under an agreement are binding not only on the original parties but also on any entities or individuals who legally succeed or are assigned those parties' interests. In practice, this means that if a party to the contract is acquired, merges, or transfers its rights and duties to another entity, the new party is automatically subject to the same terms and conditions as the original signatory. This clause is essential for maintaining the continuity and enforceability of the contract, preventing parties from escaping their obligations through restructuring or assignment.
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Successors and Assigns Bound. This Instrument shall bind, and the rights granted by this Instrument shall inure to, the respective successors and assigns of Lender and Borrower. However, a Transfer not permitted by Section 21 shall be an Event of Default.
Successors and Assigns Bound. This Loan Agreement will bind the respective successors and assigns of Borrower and Lender, and the rights granted by this Loan Agreement will inure to Lender’s successors and assigns.
Successors and Assigns Bound. County and Engineer each bind themselves and their successors and assigns to the other Party and to the successors and assigns of such other Party, with respect to all covenants of this Agreement.
Successors and Assigns Bound. This agreement shall be binding upon and inure to the benefit of the successors and assigns of the parties hereto, where permitted by this agreement.
Successors and Assigns Bound. Guarantor's obligations and liabilities under this Agreement shall be binding upon Guarantor's successors, heirs, legatees, devisees, administrator executors and assigns. The rights and remedies granted to Lenders under this Agreement shall also inure to the benefit of Lenders' successors and assigns, as well as to any and all subsequent holder or holders of any of Borrower's Indebtedness subject to this Agreement.
Successors and Assigns Bound. The covenants and agreements herein contained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of the City and Owner subject to the provisions of this Deed of Trust.
Successors and Assigns Bound. This Instrument will bind the respective successors and assigns of ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇, and the rights granted by this Instrument will inure to ▇▇▇▇▇▇’s successors and assigns.
Successors and Assigns Bound. This Instrument will bind the respective successors and assigns of Borrower and Lender, and the rights granted by this Instrument will inure to Lender’s successors and assigns.
Successors and Assigns Bound. This Agreement shall be binding upon and inure to the benefit of the successors and assigns of the parties hereto where permitted by this Agreement.
Successors and Assigns Bound. This Agreement shall be binding upon the Company, A▇▇▇▇▇▇▇, their respective heirs, executors, administrators, successors in interest or permitted assigns, including without limitation, any partnership, corporation or other entity into which the Company may be merged or by which it may be acquired (whether directly, indirectly or by operation of law), or to which it may assign its rights under this Agreement.