Common use of Binding Effect; Assignment; No Third Party Benefit Clause in Contracts

Binding Effect; Assignment; No Third Party Benefit. This -------------------------------------------------- Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns; provided, however, that prior to Closing, neither party may assign its rights or delegate any of its duties and obligations under this Agreement or the Ancillary Documents without the prior written consent of the other; provided, further, that after the Closing, Buyer may not assign its rights or delegate any of its duties and obligations under this Agreement and the Ancillary Documents without the prior written consent of Seller. Except as expressly provided herein, nothing in this Agreement, express or implied, is intended to or shall confer upon any Person other than the parties hereto, and their respective successors and permitted assigns, any rights, benefits, or remedies of any nature whatsoever under or by reason of this Agreement.

Appears in 4 contracts

Samples: Purchase and Sale Agreement (Aroc Inc), Purchase and Sale Agreement (Aroc Inc), Purchase and Sale Agreement (Aroc Inc)

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Binding Effect; Assignment; No Third Party Benefit. This -------------------------------------------------- Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns; provided, however, that prior to Closing, neither party may assign its rights or delegate any of its duties and obligations under this Agreement or the Ancillary Documents without the prior written consent of the other; provided, further, that after the Closing, Buyer the Company may not assign its rights or delegate any of its duties and obligations under this Agreement and the Ancillary Documents without the prior written consent of Sellerthe holders of the Notes. Except as expressly provided herein, nothing in this Agreement, express or implied, is intended to or shall confer upon any Person other than the parties hereto, and their respective successors and permitted assigns, any rights, benefits, or remedies of any nature whatsoever under or by reason of this Agreement.

Appears in 3 contracts

Samples: Purchase Agreement (American Rivers Oil Co /De/), Purchase Agreement (Alliance Resources PLC), Purchase Agreement (Encap Equity 1996 Limited Partnership)

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Binding Effect; Assignment; No Third Party Benefit. This Agreement -------------------------------------------------- Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns; provided, however, that prior to Closing, neither party may assign its rights or delegate any of its duties and obligations under this Agreement or the Ancillary Documents without the prior written consent of the other; provided, further, that after the Closing, Buyer the Company may not assign its rights or delegate any of its duties and obligations under this Agreement and the Ancillary Documents without the prior written consent of Sellerthe holder of the Notes. Except as expressly provided herein, nothing in this Agreement, express or implied, is intended to or shall confer upon any Person other than the parties hereto, and their respective successors and permitted assigns, any rights, benefits, or remedies of any nature whatsoever under or by reason of this Agreement.

Appears in 1 contract

Samples: Purchase Agreement (Aroc Inc)

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