Common use of Successors and Permitted Assigns Clause in Contracts

Successors and Permitted Assigns. This Agreement shall be binding upon and inure to the benefit of the Parties and their respective successors and permitted assigns, provided, however, except as set forth in Section 2.7, neither Party shall have the right to assign its rights and/or obligations under the Agreement without the prior written consent of the other Party, and any such assignment or transfer, whether effected directly or indirectly, shall be void. Nothing herein shall prevent Buyer after the Closing from assigning any of its right, title and interest in the Assets.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (SM Energy Co), Purchase and Sale Agreement (Oasis Petroleum Inc.)

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Successors and Permitted Assigns. This Agreement shall may not be binding upon and inure to the benefit of the Parties and their respective successors and permitted assigns, provided, however, except as set forth in Section 2.7, neither Party shall have the right to assign its rights and/or obligations under the Agreement assigned by either party hereto without the prior written consent of the other Partyparty. Subject to the foregoing, all of the terms and any such assignment or transfer, whether effected directly or indirectly, provisions of this Agreement shall inure to the benefit of and be void. Nothing herein shall prevent Buyer after binding upon the Closing from assigning any of its right, title parties hereto and interest in the Assetstheir respective successors and permitted assigns.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Li3 Energy, Inc.), Stock Purchase Agreement (Li3 Energy, Inc.)

Successors and Permitted Assigns. This Agreement shall be binding upon and inure to the benefit of the Parties and their respective successors and permitted assigns, provided, however, except as set forth in Section 2.7, neither . No Party shall have the right to may assign its rights and/or obligations under the this Agreement without the prior written consent of the each other Party hereto, which consent may be withheld in such other Party, and any such assignment or transfer, whether effected directly or indirectly, shall be void. Nothing herein shall prevent Buyer after the Closing from assigning any of its right, title and interest in the Assets’s sole discretion.

Appears in 2 contracts

Samples: Contribution Agreement (Costamare Partners LP), Contribution Agreement (Costamare Partners LP)

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Successors and Permitted Assigns. This No party may assign either this Agreement shall or any of its rights, interests or obligations hereunder without the prior written approval of the other party, and any such assignment by a party without prior written approval of the other party will be deemed invalid and not binding upon on such other party. All of the terms, agreements, covenants, representations, warranties and conditions of this Agreement are binding upon, and inure to the benefit of and are enforceable by, the Parties parties and their respective successors and permitted assigns, provided, however, except as set forth in Section 2.7, neither Party shall have the right to assign its rights and/or obligations under the Agreement without the prior written consent of the other Party, and any such assignment or transfer, whether effected directly or indirectly, shall be void. Nothing herein shall prevent Buyer after the Closing from assigning any of its right, title and interest in the Assets.

Appears in 1 contract

Samples: Assignment and Plan of Distribution Agreement (Seneca Erie Gaming Corp)

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