SUCCESSORS AND ASSIGNS IN GENERAL Clause Samples

The "Successors and Assigns in General" clause establishes that the rights and obligations under the agreement are binding upon, and benefit, not only the original parties but also their successors and permitted assigns. In practice, this means that if a party undergoes a merger, acquisition, or transfers its interests to another entity, the new party will inherit the contractual responsibilities and benefits. This clause ensures continuity and enforceability of the contract even if the parties change, thereby preventing disruption or uncertainty due to changes in ownership or control.
SUCCESSORS AND ASSIGNS IN GENERAL. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, except that the Company may not assign or transfer its rights hereunder or any interest herein or delegate its duties hereunder (other than in a merger or other combination of the type described in Section 4.01) without the prior written consent of the holders of the Notes. Each holder of the Notes may assign, pledge or transfer all or any portion of its Notes or its rights hereunder to the extent permitted by law, including state and federal securities laws. In the event of any such assignment, pledge or transfer, such assignee shall, to the extent provided in such assignment, pledge or transfer, be entitled to exercise the rights of the holder of a Note making such assignment, pledge or transfer and shall be deemed a holder of a Note under this Agreement.
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SUCCESSORS AND ASSIGNS IN GENERAL. This Agreement will be binding upon and, subject to Section 7.02, inure to the benefit of the parties hereto and their respective 37 successors and assigns, except that Borrower may not assign or transfer its rights under this Agreement or any interest under this Agreement or delegate its liabilities, obligations or duties, without the prior written consent of Requisite Lenders. Any Person which is not already a party to this Agreement and which becomes the holder of any Note will, by virtue of becoming such a holder, become a party to this Agreement as an additional Lender. The assigning Lender will give Borrower prompt written notice of any assignment of or participation in the Loans or any Note. Any Committed Lender may delegate its Commitment in whole or in part to any other Person, in which event such Committed Lender will provide to Borrower and each other Committed Lender written notice of such delegation and a restatement of the attached EXHIBIT A showing the name and address for notice of such other Person, the Commitment Amount for such Person and the revised Commitment Amount (which will be zero, in the case of a delegation in full) for the delegating Committed Lender, whereupon such Person (if not already a Committed Lender), by virtue of such delegation, will become a party to this Agreement as an additional Committed Lender; PROVIDED that, without Borrower's prior consent, no such delegation will relieve the delegating Committed Lender of the delegated Commitment to the extent it is not performed by the delegate.
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SUCCESSORS AND ASSIGNS IN GENERAL. This Agreement will be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, except that IWCH may not assign or transfer its rights under this Agreement or any interest under this Agreement or delegate its liabilities, obligations or duties, without the prior written consent of Majority IWCH Noteholders and Majority PWH Noteholders. Any Person which is not already a party to this Agreement and which becomes the holder of any Note or Warrant will, by virtue of becoming such a holder, become a party to this Agreement and as an additional Noteholder or Warrantholder, as the case may be.
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SUCCESSORS AND ASSIGNS IN GENERAL. This Agreement shall be --------------------------------- binding upon and, subject to Section 7.02 hereof, inure to the benefit of the parties hereto and their respective successors and assigns, except that Borrower may not assign or transfer any of its rights hereunder or any interest herein or delegate its liabilities, obligations or duties hereunder without the prior written consent of Lender. Lender shall give Borrower prompt written notice of any assignment of or participation in the Loan hereunder. In connection with any such transfer of the Loan (or any portion thereof), Borrower shall (i) legend the instrument evidencing such Loan (or such portion thereof) by stating on the face of such instrument that it was issued with "original issue discount" and (ii) comply with such other requirements as may be imposed by Treas. Reg. '1.1275-3(b)(1) or any successor provision.
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SUCCESSORS AND ASSIGNS IN GENERAL. This Agreement will be binding upon and, subject to Section 7.02, inure to the benefit of the parties hereto and their respective successors and assigns, except that Borrower may not assign or transfer its rights under this Agreement or any interest under this Agreement or delegate its liabilities, obligations or duties, without the prior written consent of Requisite Lenders. Any Person which is not already a party to this Agreement and which becomes the holder of any Note will, by virtue of becoming such a holder, become a party to this Agreement and as an additional Lender. The assigning Lender will give Borrower prompt written notice of any assignment of or participation in the Loans or any Note.
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SUCCESSORS AND ASSIGNS IN GENERAL. This Agreement will be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, except that IWC China may not assign or transfer its rights under this Agreement or any interest under this Agreement or delegate its liabilities, obligations or duties, without the prior written consent Vanguard.
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SUCCESSORS AND ASSIGNS IN GENERAL. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, except that the Loan Parties may not assign or transfer their rights hereunder or any interest herein or delegate its duties hereunder without the prior written consent of Lender. Lender or any assignees of Lender may assign all or any portion of its interest in and rights under this Agreement and the Senior Subordinated Note to any other Person (an "Assignee"), or grant a participating or beneficial interest in this Agreement and the Obligations to any lending institution (a "Participant"). Lender shall give the Company prompt written notice of any assignment of or participation in the Obligations. The Company shall maintain a register, which shall include, without limitation, a record of ownership that identifies each owner of any interest in the Obligations, for registration as to the rights to principal and interest on the Senior Subordinated Note and shall promptly register any such assignment or participation in the Obligations upon receipt of such notice. To facilitate any assignment or participation, the Loan Parties shall, from time to time at the request of Lender, execute and deliver to Lender or to such party or parties as Lender may designate, any and all further instruments as may in the reasonable opinion of Lender be necessary or advisable to give full force and effect to any transfer contemplated by this Section.
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Related to SUCCESSORS AND ASSIGNS IN GENERAL

  • 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 Generally The provisions of this Agreement and the other Loan Documents shall be binding upon and inure to the benefit of the parties hereto and thereto and their respective successors and assigns permitted hereby, except that the Borrower may not assign or otherwise transfer any of its rights or obligations hereunder or thereunder without the prior written consent of the Administrative Agent and each Lender and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an assignee in accordance with the provisions of subsection (b) of this Section, (ii) by way of participation in accordance with the provisions of subsection (d) of this Section or (iii) by way of pledge or assignment of a security interest subject to the restrictions of subsection (f) of this Section (and any other attempted assignment or transfer by any party hereto shall be null and void). 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 subsection (d) of this Section and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent, the L/C Issuer and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.

  • Successors and Assigns; Third Parties This Agreement is intended to bind and inure to the benefit of the Parties and their respective successors and permitted assigns, as applicable. There are no third party beneficiaries under this Agreement, and the rights or obligations of any Party under this Agreement may not be assigned, delegated, or transferred to any other person or entity.

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

  • Successors and Assigns Subject to applicable securities laws, this Warrant and the rights and obligations evidenced hereby shall inure to the benefit of and be binding upon the successors and permitted assigns of the Company and the successors and permitted assigns of Holder. The provisions of this Warrant are intended to be for the benefit of any Holder from time to time of this Warrant and shall be enforceable by the Holder or holder of Warrant Shares.