Common use of Benefit and Binding Effect; Assignment Clause in Contracts

Benefit and Binding Effect; Assignment. This Agreement shall be binding upon and shall inure to the benefit of the Stockholders, and their respective successors, executors, administrators and personal representatives and heirs and permitted assigns. The rights and obligations of Apollo, CVP and TSG hereunder may not be assigned, in whole or in part, except to an Affiliate. In the event that any part of this Agreement shall be held to be invalid or unenforceable, the remaining parts hereof shall nevertheless continue to be valid and enforceable as though the invalid portions were not a part hereof.

Appears in 1 contract

Sources: Stockholders' Agreement (TSG Ventures Lp)

Benefit and Binding Effect; Assignment. This Agreement shall be binding upon and shall inure to the benefit of the Stockholders, and their respective successors, executors, administrators and personal representatives and heirs and permitted assigns. The rights and obligations of Apollo, CVP and TSG hereunder may not be assigned, in whole or in part, except to an AffiliateAffillate. In the event that any part of this Agreement shall be held to be invalid or unenforceable, the remaining parts hereof shall nevertheless continue to be valid and enforceable as though the invalid portions were not a part hereof.

Appears in 1 contract

Sources: Stockholders' Agreement (Envirotest Systems Corp /De/)