Common use of Binding Effect; Persons Benefiting; No Assignment Clause in Contracts

Binding Effect; Persons Benefiting; No Assignment. This Agreement shall inure to the benefit of and be binding upon the Parties hereto and their respective successors and permitted assigns. Except for the provisions of Section 8.2 (which section is intended for the benefit of the Persons identified therein), nothing in this Agreement is intended or shall be construed to confer upon any Person other than the Parties and their respective successors and permitted assigns any right, remedy or claim under or by reason of their Agreement or any part hereof. This Agreement shall not be assigned by any of the Partnership, the GP or any Seller without the prior written consent of Buyers and any purported assignment or other transfer without such consent shall be void and unenforceable. This Agreement shall not be assigned by a Buyer without the prior written consent of the Sellers and any purported assignment or other transfer without such consent shall be void and unenforceable, provided, that the consent of the Sellers shall not be required for an assignment to a Person who is an Affiliate of a Buyer.

Appears in 2 contracts

Samples: Purchase Agreement (Fly Leasing LTD), Purchase Agreement (Fly Leasing LTD)

AutoNDA by SimpleDocs

Binding Effect; Persons Benefiting; No Assignment. This Agreement shall inure to the benefit of and be binding upon the Parties parties hereto and their respective successors and permitted assigns. Except for the provisions of Section 8.2 (which section is intended for the benefit of the Persons identified therein)as otherwise provided herein, nothing in this Agreement is intended or shall be construed to confer upon any Person entity or person other than the Parties parties hereto and their respective successors and permitted assigns any right, remedy or claim under or by reason of their Agreement or any part hereof. This Agreement shall may not be assigned by any of the Partnership, the GP or any Seller parties hereto without the prior written consent of Buyers the other parties hereto and any purported assignment or other transfer without such consent shall be void and unenforceable. This Agreement ; provided, however, that without such prior consent, Purchaser shall not be assigned by a Buyer without have the prior written consent right to assign all or any part of its right, title, interest or obligations hereunder to any wholly-owned Subsidiary of Purchaser or to any Person that may hereafter acquire all or any portion of the Sellers and any purported assignment or other transfer without such consent shall be void and unenforceable, provided, that the consent of the Sellers shall not be required for an assignment to a Person who is an Affiliate of a BuyerBusiness.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Jean Coutu Group (PJC) Inc.), Stock Purchase Agreement (Rite Aid Corp)

AutoNDA by SimpleDocs

Binding Effect; Persons Benefiting; No Assignment. This Agreement shall inure to the benefit of and be binding upon the Parties parties hereto and their respective successors and permitted assigns. Except for the provisions of Section 8.2 (which section is intended for the benefit of the Persons identified therein), nothing Nothing in this Agreement is intended or shall be construed to confer upon any Person entity or person other than the Parties parties hereto and their respective successors and permitted assigns any right, remedy or claim under or by reason of their this Agreement or any part hereof. This Agreement shall may not be assigned by any of the Partnership, the GP or any Seller parties hereto without the prior written consent of Buyers the other parties hereto and any purported assignment or other transfer without such consent shall be void and unenforceable. This Agreement shall not be assigned by a Buyer without the prior written consent of the Sellers and any purported assignment or other transfer ; provided, however, that without such consent prior consent, Parent shall be void and unenforceablehave the right to assign all or any part of its right, providedtitle, interest or obligations hereunder to any wholly owned Subsidiary of Parent, provided that the consent of the Sellers shall not be required Parent remains liable for an assignment to its obligations hereunder notwithstanding a Person who is an Affiliate of a Buyerpermitted assignment.

Appears in 1 contract

Samples: Form of Lock Up Agreement (Alexander & Baldwin, Inc.)

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