Common use of Binding Nature; Successors and Assigns; Appointment of Representative Clause in Contracts

Binding Nature; Successors and Assigns; Appointment of Representative. (a) This Agreement and all of the provisions hereof will be binding upon and inure to the benefit of the Parties and their respective successors and permitted assigns and executors, administrators and heirs. The Company may not assign, delegate, transfer or otherwise dispose of any of its rights or obligations under this Agreement in whole or in part without, in each case, obtaining the prior written consent of Partnership (which consent may be withheld in the sole discretion of Partnership). Partnership may from time to time assign, delegate, transfer or otherwise dispose of any of its rights or obligations under this Agreement in whole or in part to any one or more Persons without consent. By way of example only and without limitation, Partnership may from time to time (i) assign, delegate, transfer or otherwise dispose of its right to receive shares of Class A Common Stock or cash hereunder to its limited partners, (ii) distribute shares of Class A Common Stock or cash received by Partnership hereunder to its limited partners or (iii) assign, delegate, transfer or otherwise dispose of its Exchange Right to one or more Persons. If Partnership makes any such assignment, delegation, transfer or other disposition, it shall have the right to specify the extent thereof and any terms or conditions applicable thereto, including limitations on transfer, assignment or exercise of rights under this Agreement and assignment of rights as to payment but reservation as to other rights. By way of example only and without limitation, Partnership may from time to time (i) require that the Exchange Right be exercised in certain minimum lots of Membership Units and shares of Class B Common Stock, (ii) establish certain time periods during which the Exchange Right may not be exercised or (iii) impose a deadline for the exercise of the Exchange Right. Each Party agrees that Partnership shall have the right to appoint a representative to perform any of the rights or obligations of Partnership under this Agreement or designate a process for appointing and removing such a representative. The Company shall not be required to recognize any purported assignee, delegatee or transferee as such unless such purported assignee, delegatee or transferee provides the Company with evidence reasonably satisfactory to the Company of the assignment, delegation or transfer to such purported assignee, delegatee or transferee.

Binding Nature; Successors and Assigns; Appointment of Representative. (a) This Agreement and all of the provisions hereof will be binding upon and inure to the benefit of the Parties and their respective successors and permitted assigns and executors, administrators and heirs. The Company Edgen may not assign, delegate, transfer or otherwise dispose of any of its rights or obligations under this Agreement in whole or in part without, in each case, obtaining the prior written consent of Partnership (which consent may be withheld in the sole discretion of Partnership). Partnership may from time to time assign, delegate, transfer or otherwise dispose of any of its rights or obligations under this Agreement in whole or in part to any one or more Persons without consent. By way of example only and without limitation, Partnership may from time to time (i) assign, delegate, transfer or otherwise dispose of its right to receive shares of Class A Common Stock or cash hereunder Tax Benefit Payments to its limited partners, (ii) distribute shares of Class A Common Stock or cash amounts received by Partnership hereunder in respect of Tax Benefit Payments to its limited partners partners, (ii) appoint a representative to act on Partnership’s or its limited partners’ behalves with respect to matters arising out of or related to this Agreement, including Article V hereof, or (iii) assign, delegate, transfer or otherwise dispose of its right to initiate any Taxable Exchange Right to one or more Persons. If Partnership makes any such assignment, delegation, transfer or other disposition, it shall have the right to specify the extent thereof and any terms or conditions applicable thereto, including limitations on transfer, assignment or exercise of rights under this Agreement and assignment of rights as to payment but reservation as to other rights. By way of example only and without limitation, Partnership may from time to time (i) require that the Exchange Right be exercised in certain minimum lots of Membership Units and shares of Class B Common Stock, (ii) establish certain time periods during which the Exchange Right may not be exercised or (iii) impose a deadline for the exercise of the Exchange Right. Each Party agrees that Partnership shall have the right to appoint a representative to perform any of the rights or obligations of Partnership under this Agreement or designate a process for appointing and removing such a representative. The Company Edgen shall not be required to recognize any purported assignee, delegatee or transferee as such unless such purported assignee, delegatee or transferee provides the Company Edgen with evidence reasonably satisfactory to the Company Edgen of the assignment, delegation or transfer to such purported assignee, delegatee or transferee.

Binding Nature; Successors and Assigns; Appointment of Representative. (a) This Agreement and all of the provisions hereof will be binding upon and inure to the benefit of the Parties and their respective successors and permitted assigns and executors, administrators and heirs. The Company Edgen may not assign, delegate, transfer or otherwise dispose of any of its rights or obligations under this Agreement in whole or in part without, in 5 Use appropriate entity for each respective TRA. each case, obtaining the prior written consent of Partnership (which consent may be withheld in the sole discretion of Partnership). Partnership may from time to time assign, delegate, transfer or otherwise dispose of any of its rights or obligations under this Agreement in whole or in part to any one or more Persons without consent. By way of example only and without limitation, Partnership may from time to time (i) assign, delegate, transfer or otherwise dispose of its right to receive shares of Class A Common Stock or cash hereunder Tax Benefit Payments to its limited partners, (ii) distribute shares of Class A Common Stock or cash amounts received by Partnership hereunder in respect of Tax Benefit Payments to its limited partners partners, (ii) appoint a representative to act on Partnership’s or its limited partners’ behalves with respect to matters arising out of or related to this Agreement, including Article V hereof, or (iii) assign, delegate, transfer or otherwise dispose of its right to initiate any Taxable Exchange Right to one or more Persons. If Partnership makes any such assignment, delegation, transfer or other disposition, it shall have the right to specify the extent thereof and any terms or conditions applicable thereto, including limitations on transfer, assignment or exercise of rights under this Agreement and assignment of rights as to payment but reservation as to other rights. By way of example only and without limitation, Partnership may from time to time (i) require that the Exchange Right be exercised in certain minimum lots of Membership Units and shares of Class B Common Stock, (ii) establish certain time periods during which the Exchange Right may not be exercised or (iii) impose a deadline for the exercise of the Exchange Right. Each Party agrees that Partnership shall have the right to appoint a representative to perform any of the rights or obligations of Partnership under this Agreement or designate a process for appointing and removing such a representative. The Company Edgen shall not be required to recognize any purported assignee, delegatee or transferee as such unless such purported assignee, delegatee or transferee provides the Company Edgen with evidence reasonably satisfactory to the Company Edgen of the assignment, delegation or transfer to such purported assignee, delegatee or transferee.