Common use of Survival of Agreements; Assignment Clause in Contracts

Survival of Agreements; Assignment. All covenants, agreements, representations and warranties made herein shall survive the delivery to the Grantees of the Shares and payment therefor and, notwithstanding any investigation heretofore or hereafter made by the Grantees or on the Grantees' behalf, shall continue in full force and effect. Whenever in this Agreement any of the parties hereto are referred to, such reference shall be deemed to include the successors and assigns of such party. This Agreement and the rights hereunder shall not be assignable or transferable by any party hereto except as expressly provided herein and no such assignment shall relieve an assignor of its obligations hereunder; provided, however, that Parent may assign its rights and obligations hereunder to any of its Affiliates. All covenants, promises and agreements in this Agreement by or on behalf of the Company, Merger Sub, Parent or the Grantees shall bind and inure to the benefit of the successors and assigns of such parties hereto.

Appears in 2 contracts

Sources: Restricted Share Grant and Shareholders' Agreement (Interactivecorp), Restricted Share Grant and Shareholders' Agreement (Usa Interactive)

Survival of Agreements; Assignment. All covenants, agreements, representations and warranties made herein shall survive the delivery to the Grantees Stockholder of the Shares and payment therefor and, notwithstanding any investigation heretofore or hereafter made by the Grantees Stockholder or on the Grantees' Stockholder’s behalf, shall continue in full force and effect. Whenever in this Agreement any of the parties hereto are referred to, such reference shall be deemed to include the permitted successors and assigns of such party. This Agreement and the rights hereunder shall not be assignable or transferable by any party hereto except as expressly provided herein and no such assignment shall relieve an assignor of its obligations hereunder; provided, however, that Parent the Company may assign its rights and obligations hereunder to any of its Affiliates. All covenants, promises and agreements in this Agreement by or on behalf of the Company, Merger Sub, Parent IAC or the Grantees Stockholder shall bind and inure to the benefit of the permitted successors and assigns of such parties hereto.

Appears in 1 contract

Sources: Restricted Share Grant and Stockholder’s Agreement (Tree.com, Inc.)