Common use of Binding Force Clause in Contracts

Binding Force. 12.1 No party to this Agreement may assign or otherwise dispose of, in whole or in part, the rights that are conferred on it herein, nor may it waive such rights without the consent of all the signatories. 12.2 The fact that one or more persons, mentioned herein or in a Schedule hereto as Signatories or Registrants in respect of this Agreement, have not signed this Agreement does not discharge the Signatories or Registrants who have signed it of their obligations hereunder. 12.3 Each of the parties hereto covenants that any person to whom it is Related shall respect this Agreement as though it were a party hereto. 12.4 Notwithstanding the foregoing provisions, RECYC-QUÉBEC may at any time assign its rights to a subsidiary or any organisation, entity or government department designated by the minister and substitute the latter as debtor pursuant hereto, by simple notice to the other Signatories and Registrants. Such delegation shall effect novation as of the date thereof or as of such prior date as indicated in the notice, subject, in the latter case, to the rights acquired by a third party prior to the delegation and subject, in every case, to the obligations of RECYC-QUÉBEC under the second paragraph of subsection 14.5.