Common use of Assignment; Binding Nature; No Beneficiaries Clause in Contracts

Assignment; Binding Nature; No Beneficiaries. This Agreement may not be assigned by any Party without the prior written consent of Purchaser, a Majority in Interest, and Xxxxxxxxxxxxx; provided, however, that Purchaser may assign its rights hereunder to any direct or indirect wholly-owned subsidiary of Purchaser which assumes the obligations of Purchaser hereunder, but no such assignment shall relieve Purchaser of any such obligations, and further provided, that consideration provided for by Article 2 shall in any event be issued in shares of the original Purchaser hereunder which shall be the entity that sells shares to the underwriters pursuant to the Underwriting Agreement. Subject to the preceding sentence, this Agreement shall be binding upon, inure to the benefit of, and be enforceable by the parties hereto and their respective heirs, personal representatives, legatees, successors and permitted assigns. This Agreement shall not confer any rights or remedies upon any Person other than the parties hereto and their respective heirs, personal representatives, legatees, successors and permitted assigns.