Binding Upon Parties Clause Samples
The "Binding Upon Parties" clause establishes that the terms and obligations of the agreement are legally enforceable on all parties involved. In practice, this means that each party, as well as their successors or permitted assigns, must adhere to the contract's provisions regardless of changes in ownership or control. This clause ensures continuity and enforceability of the agreement, preventing parties from evading their responsibilities through transfer or restructuring.
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Binding Upon Parties. In the resolution of any Dispute pursuant to this Article 20, each of the Parties, their Project Managers and Senior Executives and any Independent Attorney or Independent Arbitrator appointed pursuant hereto, shall give effect to this Article 20.
Binding Upon Parties. In the resolution of any Dispute pursuant to this Article XIX, each of the Parties, their Operating Contacts and Senior Executives shall give effect to this Article XIX.
Binding Upon Parties. Each of the terms, covenants and conditions of this Lease shall be binding upon and inure to the benefit of the parties hereto, their respective heirs, executors, administrators, guardians, custodians, successors and assigns, subject to the provisions of Article 18 respecting Transfers; and all references herein to Landlord and Tenant shall be deemed to include all such parties. The term "Landlord" as used in this Lease, so far as covenants or obligations on the part of Landlord are concerned, shall be limited to mean only the owner or owners of the Property at the time in question.
Binding Upon Parties. Each of the terms and provisions of this Supplement shall be binding upon and inure to the benefit of the parties hereto, their respective heirs, executors, administrators, guardians, custodians, legal representatives, successors and assigns, subject to the provisions of Paragraph 11 above; and all references herein to Landlord and Tenant shall be deemed to include all such parties. The term "Landlord" as used in this Supplement, so far as covenants or obligations on the part of Landlord are concerned, shall be limited to mean only the owner or owners of the Complex at the time in question.
Binding Upon Parties. This Agreement shall inure to the benefit of and be binding upon, the Parties hereto and their respective successors, assigns and designees.