Affiliates Bound Clause Samples
The "Affiliates Bound" clause ensures that the obligations and rights established in the agreement extend not only to the primary parties but also to their affiliated entities, such as parent companies, subsidiaries, or sister companies. In practice, this means that if a company enters into a contract, its affiliates are also required to comply with the contract’s terms, and may benefit from its protections or be subject to its restrictions. This clause is essential for preventing parties from circumventing contractual obligations by acting through related entities, thereby ensuring comprehensive coverage and accountability across corporate groups.
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Affiliates Bound. Each Party agrees that it will prohibit each of its Affiliates from taking any action that the Party itself is prohibited from taking under this Agreement. All Affiliates of a Party that perform one or more obligations of that Party under this Agreement, or that Control any intellectual property licensed under this Agreement, are bound by all relevant provisions of this Agreement that employ the terms “Exelixis”, “Genentech”, “Party” or “Parties”. In addition, the Affiliates of a Party that receive any Confidential Information of the other Party pursuant to his Agreement are bound by all obligations set forth in Article 10.
Affiliates Bound. Each of Sun and Microsoft agrees to cause each of its Affiliates to be bound by the terms of this Agreement.
Affiliates Bound. The Seller Group shall cause any Affiliates of the Seller Group to comply with this Section 2.
Affiliates Bound. The provisions of this Agreement shall be binding upon the successors in interest to any of the Key Holder Shares if, and only if, such successor or successors are Affiliates of a Key Holder. The Company shall not permit the transfer to any Affiliate of any Key Holder of any of such Key Holder Shares on its books or issue a new certificate representing any of the Voting Stock to any Affiliate of any Key Holder unless and until the person to whom such security is to be transferred shall have executed a written agreement, substantially in the form of this Agreement, pursuant to which such person becomes a party to this Agreement and agrees to be bound by all the provisions hereof as a party hereto and in the capacity of a Key Holder.
Affiliates Bound. Shareholder shall cause any Affiliates of the Shareholder to comply with this Section 2.
Affiliates Bound. During the Term of this Agreement, if the Stockholder transfers any shares of Common Stock to a controlled affiliate of Weatherford, or any holding company or other successor to Weatherford (a "Weatherford Controlled Affiliate"), such Weatherford Controlled Affiliate (and any other subsequent transferee that is a Weatherford Controlled Affiliate) will agree to be bound by the terms of this Agreement as a condition to such transfer and any purported transfer to any such Person who does not agree by executing a counterpart to this Agreement shall be null and void and of no effect.
Affiliates Bound. Each Party agrees to cause each of its respective Affiliates to be bound by the terms of this Agreement.
Affiliates Bound. Each Lender agrees that it shall cause each of its Related Funds that hold Bank Product Obligations or Swap Obligations to act in accordance with this Agreement as if such Related Fund were a signatory hereunder.