Common use of Binding Effect; Assignability; Benefit Clause in Contracts

Binding Effect; Assignability; Benefit. (a) Except as otherwise provided herein, this Agreement shall inure to the benefit of and be binding upon the parties hereto and with respect to the Stockholder, those of its Permitted Assigns to whom the Stockholder has assigned or transferred all or part of this Agreement. Any Stockholder that ceases to Beneficially Own any Company Securities shall cease to be bound by the terms hereof (other than Sections 3.02, 4.02, 4.05, 4.06, 4.07, 4.08, 4.10 and 4.11).

Appears in 3 contracts

Samples: Stockholders Agreement (Reynolds Consumer Products Inc.), Stockholders Agreement (Reynolds Consumer Products Inc.), Stockholders Agreement (Reynolds Consumer Products Inc.)

AutoNDA by SimpleDocs

Binding Effect; Assignability; Benefit. (a) Except as otherwise provided herein, this Agreement shall inure to the benefit of and be binding upon the parties hereto and with respect to their respective heirs, successors, legal representatives and permitted assigns. If the Stockholder, those of its Permitted Assigns to whom the Stockholder has assigned or transferred all or part of this Agreement. Any Stockholder that Shareholder ceases to Beneficially Own beneficially own any Company Securities Securities, it shall cease to be bound by the terms hereof (other than Sections 3.02, 4.02, 4.05, 4.06, 4.07, 4.08, 4.10 4.09 and 4.114.10).

Appears in 2 contracts

Samples: Shareholder’s Agreement (Nu Holdings Ltd.), Shareholder’s Agreement (Nu Holdings Ltd.)

Binding Effect; Assignability; Benefit. (a) Except as otherwise provided herein, this Agreement shall inure to the benefit of and be binding upon the parties hereto and with respect to the Stockholder, those of its Permitted Assigns to whom the Stockholder has assigned or transferred all or part of this Agreement. Any Stockholder that ceases to Beneficially Own any Company Securities shall cease to be bound by the terms hereof (other than Sections 3.023.03, 4.02, 4.05, 4.06, 4.07, 4.08, 4.10 and 4.11).

Appears in 1 contract

Samples: Stockholders Agreement (Pactiv Evergreen Inc.)

AutoNDA by SimpleDocs

Binding Effect; Assignability; Benefit. (a) Except as otherwise provided herein, this Agreement shall inure to the benefit of and be binding upon the parties hereto and with respect to the Stockholder, those of its Permitted Assigns (i) to whom the Stockholder has assigned or transferred all or part of this Agreement; or (ii) in respect of whom, the Stockholder has added as a party to this Agreement, by notice in writing to the Company. Any Stockholder that ceases to Beneficially Own any Company Securities shall cease to be bound by the terms hereof (other than Sections 3.023.03, 4.02, 4.05, 4.06, 4.07, 4.08, 4.10 and 4.11).

Appears in 1 contract

Samples: Stockholders Agreement (Pactiv Evergreen Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.