Common use of Assignments; Binding Effect Clause in Contracts

Assignments; Binding Effect. (a) Neither this Agreement nor any rights, interests or obligations hereunder may be assigned, delegated or otherwise transferred by the Company, in whole or in part, without the prior written consent of the other parties hereto, and any attempted assignment, delegation or transfer without such consent shall be void and of no effect. Neither this Agreement nor any rights, interests or obligations hereunder may be assigned, delegated or otherwise transferred by any Funding Party, in whole or in part, without the prior written consent of the Company, and any attempted assignment, delegation or transfer without such consent shall be void and of no effect. (b) This Agreement shall be binding upon and inure to the benefit of the Funding Parties and their respective heirs, legal representatives, successors and permitted assigns. This Agreement shall be binding upon and inure to the benefit of the Company. With respect to any Funding Party, this Agreement shall not inure to the benefit of the heirs, legal representatives, successors or assigns of the Company without the prior written consent of such Funding Party.