Common use of Benefit of Parties Clause in Contracts

Benefit of Parties. All of the terms and provisions of this Agreement shall be binding upon and inure to the benefit of the parties and their respective permitted successors and assigns. This Agreement shall not be assignable by Selling Stockholder, other than to his legal representatives pursuant to the laws of descent and distribution.

Appears in 2 contracts

Samples: Contingent Payment Agreement (U S Laboratories Inc), Contingent Payment Agreement (U S Laboratories Inc)

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Benefit of Parties. All of the terms and provisions of this Agreement shall be binding upon and inure to the benefit of the parties and their respective permitted successors and assigns. This Agreement shall not be assignable by Selling Stockholder, other than to his legal representatives pursuant to the laws of descent and distributionBuyer or Seller.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Hercules Offshore, Inc.), Earnout Agreement (Hercules Offshore, Inc.)

Benefit of Parties. All of the terms and provisions of this Agreement ------------------ shall be binding upon and inure to the benefit of the parties and their respective permitted successors and assigns. This Agreement shall not be assignable by Selling Stockholder, other than to his legal representatives pursuant to the laws of descent and distribution.

Appears in 1 contract

Samples: Contingent Payment Agreement (U S Laboratories Inc)

Benefit of Parties. All of the terms and provisions of this Agreement shall be binding upon and inure to the benefit of the parties Parties and their respective permitted successors and assigns. This Agreement shall not be assignable by Selling Stockholder, either Party without the express written consent of the other than to his legal representatives pursuant to Party; the laws consent of descent and distributionwhich shall not be unreasonably withheld.

Appears in 1 contract

Samples: Earnout Agreement (Genesis Energy Lp)

Benefit of Parties. All of the terms and provisions of this This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective permitted successors successors, heirs, legal representatives and assigns. This Agreement Purchaser shall not be assignable by Selling Stockholderassign this Agreement to any unaffiliated entity which is not controlled by, other than to his legal representatives pursuant to the laws in control of descent and distribution, or under common control with Purchaser.

Appears in 1 contract

Samples: Asset Purchase Agreement (Firstamerica Automotive Inc /De/)

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Benefit of Parties. All of the terms and provisions of this Agreement shall be binding upon and inure to the benefit of the parties and their respective permitted per- mitted successors and assigns. This Agreement shall not be assignable by Selling StockholderBuyer, other than but it shall be assignable by Seller to his its shareholders or legal representatives pursuant to the laws of descent and distributionsuccessor.

Appears in 1 contract

Samples: Contribution Agreement

Benefit of Parties. All of the terms and provisions of this Agreement shall be binding upon and inure to the benefit of the parties and their respective permitted successors and assigns. This Agreement shall not be assignable by Selling Stockholder, other than to his legal representatives pursuant to the laws of descent and distributioneither party.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Cornerstone Growth & Income REIT, Inc.)

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