Effect on Successors. Subject to the limitations on transferability contained herein, this Agreement shall be binding upon and inure to the benefit of the Member and its successors and assigns. Each Person who becomes a member, by becoming a member, ratifies, affirms, and confirms, and agrees to be bound by, all actions taken by the Company, pursuant to the provisions of this Agreement, as the same may be amended from time to time, prior to the date such Person becomes a member of the Company.
Effect on Successors. This Agreement shall be binding upon, enforceable by, and inure to the benefit of the parties and their permitted successors and assigns.
Effect on Successors. This Agreement shall be binding upon and inure to the benefit of the Parties and their respective successors, heirs (in the case of the Executive) and assigns.
Effect on Successors. Without in any way limiting the provisions of Section 9.1, this Agreement shall be binding upon, enforceable by, and inure to the benefit of the parties and their permitted successors and assigns.
Effect on Successors. This Agreement is binding upon the Parties and their subsidiaries, affiliates, officers, directors, agents, personal or other representatives, successors in interest, transferees and assigns, and each of them.
Effect on Successors. The burdens of the development agreement shall be binding upon and the benefits of the agreement shall inure to all successors in interest to the parties to the agreement as provided in F.S. § 163.3239. (Ord. No. 97-10, § 1(1-3.16), 7-3-1997) Sec. 90-692. Enforcement. Such persons as are defined by state law shall have standing to enforce the development agreement as provided in F.S. § 163.3243.
Effect on Successors. 14. This agreement shall be binding upon and inure to the benefit of, the successors and assigns of the executors, trustees, administrators, personal representatives and heirs of Plaintiff and GVC.
Effect on Successors. This Agreement shall be binding upon and inure to the benefit of the parties hereto and to their respective heirs, executors, administrators, successors and assigns. SafeStitch LLC Exclusive License and Development Agreement Page 15 of 17 Signature Page Cxxxxxxxx University By: /s/ Dxxxx X Xxxxxx May 26, 2006 Dxxxxx X. Xxxxxx Date VP, Administration and Finance Cxxxxxxxx University SafeStitch LLC By: /s/ Jxxxxxx X. Xxxxxxxx May 4, 2006 Jxxxxxx X. Xxxxxxxx Date Business Manager SafeStitch LLC SafeStitch LLC Exclusive License and Development Agreement Page 16 of 17 EXHIBIT A RESEARCH AND DEVELOPMENT BUDGET Annual Total Personnel Director 150,000 300,000 * Biomedical engineer — consultant 100,000 200,000 * Biomedical engineer — knotting / electrical 100,000 200,000 Biomedical engineer — needle mechanism 100,000 200,000 Biomedical engineer — automation 100,000 200,000 Animal technician 30,000 60,000 Research fellow 40,000 40,000 Administrative assistant 30,000 60,000 SUBTOTAL SALARIES 1,260,000 Taxes and Benefits — 37% 281,200 TOTAL PERSONNEL 1,541,200 Direct Costs Animals 82,400 Surgical supplies 20,000 Office supplies 10,000 Operating room equipment 10,000 Consultant costs 300,000 Prototype expense 350,000 TOTAL DIRECT COSTS 772,400 Indirect Costs and Overhead Cxxxxxxxx University Indirect Cost Allowance — 20% 462,700 Legal 150,000 Accounting 30,000 Insurance 50,000 Licenses and fees 10,000 Travel 20,000 Marketing 10,000 Contingency at 10% 304,630 TOTAL INDIRECT COSTS 1,037,330 TOTAL BUDGET 3,350,930 * No benefits included
Effect on Successors. This Agreement is personal to Rush and may not be assigned by Rush without the written agreement of the Company. This Agreement shall be binding on the Company, its successors and assigns.
Effect on Successors. This Warrant shall be binding upon any corporation succeeding the Company by merger, consolidation or acquisition of all or substantially all of the Company's assets and/or securities. All of the obligations of the Company relating to the Shares issuable upon the exercise of this Warrant shall survive the exercise and termination of this Warrant. All of the covenants and agreements of the Company shall inure to the benefit of the successors and assigns of the Holder.
