Common use of Assignability and Parties in Interest Clause in Contracts

Assignability and Parties in Interest. This Agreement shall inure to the benefit of and be binding upon (i) the Purchaser and NewSTL and their respective successors and assigns, including, but not limited to, any corporation which may acquire all or substantially all of the assets and business of the Purchaser or NewSTL and any corporation with and into which any of the Purchaser or NewSTL may be consolidated or merged, or any corporation that is the successor corporation of any of them in an exchange of stock; and (ii) Selling Shareholder, his heirs, guardians and personal and legal representatives. Selling Shareholder may not assign any of his rights or delegate any of its obligations hereunder without the prior written consent of the Purchaser. This Agreement shall inure to the benefit of the Purchaser and NewSTL, notwithstanding the fact that NewSTL is not a party hereto. All references in this Agreement to the Purchaser shall be deemed to include NewSTL.

Assignability and Parties in Interest. This Agreement shall inure to the benefit of and be binding upon (i) the Purchaser and NewSTL and their respective successors and assigns, including, 134 but not limited to, any corporation which may acquire all or substantially all of the assets and business of the Purchaser or NewSTL and any corporation with and into which any of the Purchaser or NewSTL may be consolidated or merged, or any corporation that is the successor corporation of any of them in an exchange of stock; and (ii) Selling Shareholder, his heirs, guardians and personal and legal representatives. Selling Shareholder may not assign any of his rights or delegate any of its obligations hereunder without the prior written consent of the Purchaser. This Agreement shall inure to the benefit of the Purchaser and NewSTL, notwithstanding the fact that NewSTL is not a party hereto. All references in this Agreement to the Purchaser shall be deemed to include NewSTL.

Assignability and Parties in Interest. This Agreement shall inure to the benefit of and be binding upon (i) the Purchaser and NewSTL and their respective successors and assigns, including, 128 but not limited to, any corporation which may acquire all or substantially all of the assets and business of the Purchaser or NewSTL and any corporation with and into which any of the Purchaser or NewSTL may be consolidated or merged, or any corporation that is the successor corporation of any of them in an exchange of stock; and (ii) Selling Shareholder, his heirs, guardians and personal and legal representatives. Selling Shareholder may not assign any of his rights or delegate any of its obligations hereunder without the prior written consent of the Purchaser. This Agreement shall inure to the benefit of the Purchaser and NewSTL, notwithstanding the fact that NewSTL is not a party hereto. All references in this Agreement to the Purchaser shall be deemed to include NewSTL.