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 hereto without the written consent of the other parties; provided, however, that Buyer may assign its rights hereunder to any affiliate of 3-D which assumes the obligations of Buyer hereunder, but no such assignment shall relieve Buyer or 3-D of any such obligations. 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. Except as otherwise expressly provided in Article XI, 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.

Appears in 2 contracts

Samples: Stock Purchase Agreement (3-D Geophysical Inc), Stock Purchase Agreement (3-D Geophysical Inc)

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Assignment; Binding Nature; No Beneficiaries. This Agreement may not be assigned by any party hereto without the written consent of Buyer and the other partiesDesignated Principals; provided, however, that Buyer may assign its rights hereunder to any affiliate Affiliate of 3-D which Buyer that assumes the obligations of Buyer hereunder, but no such assignment shall relieve Buyer or 3-D of any such obligations. Subject to the preceding sentence, this Agreement shall be binding upon, inure to the benefit of, of and be enforceable by the parties hereto and their respective heirs, personal representatives, legatees, successors and permitted assigns. Except as otherwise expressly provided in Article XIX, 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.

Appears in 1 contract

Samples: Purchase Agreement (Kroll Inc)

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Assignment; Binding Nature; No Beneficiaries. This Agreement may not be assigned by any party hereto without the written consent of the other parties; providedPROVIDED, howeverHOWEVER, that Buyer either of the Buyers may assign its rights hereunder to any affiliate of 3-D TKOG which assumes the obligations of such Buyer hereunder, but no such assignment shall relieve such Buyer or 3-D TKOG of any such obligations. 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. Except as otherwise expressly provided in Article XIXII, 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.

Appears in 1 contract

Samples: Stock Purchase Agreement (Kroll O Gara Co)

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