Binding Upon Clause Examples

The "Binding Upon" clause establishes that the terms of an agreement are legally enforceable not only by the original parties but also by their successors, assigns, heirs, or representatives. In practice, this means that if a party to the contract is replaced, merges with another entity, or passes away, the obligations and rights under the contract continue to apply to the new party or estate. This clause ensures continuity and enforceability of the contract, preventing parties from escaping their responsibilities through changes in ownership or succession.
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Binding Upon. This AGREEMENT shall be binding upon and shall inure to the benefit of each of the parties hereto and their respective heirs, devisees, legatees, executors, administrators, successors, and permitted assigns.
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Binding Upon. This agreement shall be for the benefit of and binding upon the parties hereto, their heirs, administrators, executors, successors and assigns, and the parties hereto do covenant and agree that they, themselves, and their heirs, executors, administrators, successors and assigns, will execute any and all instruments, releases, assignments and consents that may be required of them in accordance with the provisions of this agreement.
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Binding Upon. This Agreement shall be binding upon and inure to the benefit of only the Parties hereto, and their respective successors and permitted assigns.
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Binding Upon. This contract will be binding upon, and insure to, the benefit of the parties hereto, their heirs, successors, personal representatives and assigns.
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Binding Upon. Parties The covenants and agreements herein contained shall inure to the benefit of and be binding upon the parties hereto, their respective heirs, legal representatives, successors and assigns.
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Related to Binding Upon

  • Binding upon Successors This Agreement shall be binding upon and inure to the benefit of the parties hereto and to their respective heirs, legal representatives, successors and permitted assigns.

  • Binding Agreement This Agreement shall be binding and inure to the benefit of the Parties hereto and their respective heirs, legal successors, and assigns.

  • Binding Obligations The obligations expressed to be assumed by it in each Finance Document are, subject to any general principles of law limiting its obligations which are specifically referred to in any legal opinion delivered pursuant to Clause 4 (Conditions of Utilisation), legal, valid, binding and enforceable obligations.

  • Binding Nature This Agreement shall be binding upon, and inure to the benefit of, the successors and personal representatives of the respective parties hereto.

  • Binding Obligation Each Receivable represents the genuine, legal, valid and binding payment obligation in writing of the Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws, now or hereafter in effect, affecting the enforcement of creditors’ rights in general, and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity).