Common use of No Assignment; Binding Effect Clause in Contracts

No Assignment; Binding Effect. This Agreement shall be binding upon and shall inure to the benefit of the Parties hereto and their permitted successors and assigns. No Party to this Agreement may assign or delegate, by operation of law or otherwise, all or any portion of its rights, obligations or liabilities under this Agreement without the prior written consent of the other Party to this Agreement, which such Party may withhold in its absolute discretion, except that (x) each Party hereto may assign any or all of its rights and interests hereunder to an Affiliate and (y) each Party may assign any of its obligations hereunder to an Affiliate; provided, however, that such assignment shall not relieve such Party of any of its obligations hereunder unless agreed to by the non-assigning Party, and any attempt to do so shall be ineffective and void ab initio. Subject to the preceding sentence, this Agreement is binding upon, inures to the benefit of and is enforceable by the Parties hereto and their respective successors and permitted assigns.

Appears in 8 contracts

Samples: Separation and Distribution Agreement (Safe & Green Development Corp), Separation and Distribution Agreement (Safe & Green Development Corp), Separation and Distribution Agreement (Cryptyde, Inc.)

AutoNDA by SimpleDocs

No Assignment; Binding Effect. This Agreement shall be binding upon upon, and shall inure to the benefit benefit, of the Parties hereto and their permitted successors and assigns. No Party to this Agreement may assign or delegate, by operation of law or otherwise, all or any portion of its rights, obligations or liabilities under this Agreement without the prior written consent of the other Party to this AgreementParty, which such Party may withhold in its absolute discretion, except that (xa) each Party hereto may assign any or all of its rights and interests hereunder to an Affiliate thereof and (yb) each Party may assign any of its obligations hereunder to an AffiliateAffiliate thereof; provided, however, that such assignment shall not relieve such Party of any of its obligations hereunder unless agreed to by the non-assigning Party, and any attempt to do so shall be ineffective and void ab initio. Subject to the preceding sentence, this Agreement is binding upon, inures to the benefit of and is enforceable by the Parties hereto and their respective successors and permitted assigns.

Appears in 6 contracts

Samples: Separation and Distribution Agreement (Crane Co), Tax Matters Agreement (Crane Co), Tax Matters Agreement (Crane NXT, Co.)

No Assignment; Binding Effect. This Agreement shall be binding upon upon, and shall inure to the benefit benefit, of the Parties hereto and their permitted successors and assigns. No Party to this Agreement may assign or delegate, by operation of law or otherwise, all or any portion of its rights, obligations or liabilities under this Agreement without the prior written consent of the other Party to this AgreementParty, which such Party may withhold in its absolute discretion, except that (xi) each Party hereto may assign any or all of its rights and interests hereunder to an Affiliate thereof and (yii) each Party may assign any of its obligations hereunder to an AffiliateAffiliate thereof; provided, however, that such assignment shall not relieve such Party of any of its obligations hereunder unless agreed to by the non-assigning Party, and any attempt to do so shall be ineffective and void ab initio. Subject to the preceding sentence, this Agreement is binding upon, inures to the benefit of and is enforceable by the Parties hereto and their respective successors and permitted assigns.

Appears in 3 contracts

Samples: Transition Services Agreement (Crane Co), Transition Services Agreement (Crane NXT, Co.), Transition Services Agreement (Crane Co)

No Assignment; Binding Effect. This Agreement shall be binding upon and shall inure to the benefit of the Parties hereto and their permitted successors and assigns. No Party to this Agreement may assign or delegate, by operation of law or otherwise, all or any portion of its rights, obligations or liabilities under this Agreement without the prior written consent of the other Party party to this Agreement, which such Party may withhold in its absolute discretion, except that (x) each Party hereto may assign any or all of its rights and interests hereunder to an Affiliate and (y) each Party may assign any of its obligations hereunder to an Affiliate; provided, however, that such assignment shall not relieve such Party of any of its obligations hereunder unless agreed to by the non-assigning Party, and any attempt to do so shall be ineffective and void ab initio. Subject to the preceding sentence, this Agreement is binding upon, inures to the benefit of and is enforceable by the Parties hereto and their respective successors and permitted assigns.

Appears in 3 contracts

Samples: Transition Services Agreement (Trinity Industries Inc), Transition Services Agreement (Arcosa, Inc.), Transition Services Agreement (Arcosa, Inc.)

No Assignment; Binding Effect. This Agreement shall be binding upon and shall inure to the benefit of the Parties hereto and their permitted successors and assigns. No Party to Neither this Agreement nor any right, interest or obligation hereunder may assign or delegate, be assigned by operation of law or otherwise, all or any portion of its rights, obligations or liabilities under this Agreement Party hereto without the prior written consent of the other Party Parties hereto and any attempt to this Agreement, which such Party may withhold in its absolute discretiondo so will be void, except that (xi) each for assignments and transfers by operation of law, (ii) a Party hereto may assign any or all of its rights rights, interests and interests obligations hereunder to an Affiliate a wholly-owned Subsidiary, provided that any such Subsidiary agrees in writing to be bound by all of the terms, conditions and provisions contained herein, but no such assignment referred to in clause (yii) each shall relieve such Party may assign any of its obligations hereunder to an Affiliate; provided, however, that such assignment shall not relieve such Party of and (iii) the AC Venture Defendants and the ECP Defendants may assign this Agreement in connection with any of its obligations hereunder unless agreed to by the non-assigning Party, and any attempt to do so shall be ineffective and void ab initiosignificant strategic transaction involving ACS. Subject to the preceding sentence, this Agreement is binding upon, inures to the benefit of and is enforceable by the Parties hereto and their respective successors and permitted assigns.

Appears in 1 contract

Samples: Termination of Certain Obligations Under Settlement Agreement (Advanced Emissions Solutions, Inc.)

No Assignment; Binding Effect. This Agreement shall be binding upon and shall inure to the benefit of the Parties hereto and their permitted successors and assigns. No Party to Neither this Agreement may assign or delegate, by operation of law or otherwise, all (or any portion of its rightsAdditional Agreement) nor any right, obligations interest or liabilities under this Agreement obligation hereunder (or thereunder) may be assigned by any Party hereto (or thereto) without the prior written consent of the other Party hereto (or thereto) and any attempt to this Agreement, which such Party may withhold in its absolute discretiondo so will be void, except that (x) each Party hereto may assign any or all of its rights rights, interests and interests hereunder to an Affiliate and (y) each Party may assign any of its obligations hereunder or under any Additional Agreement to an Affiliate; , provided, howeverthat, any such Affiliate agrees in writing to be bound by all of the terms, conditions and provisions contained herein and that such no assignment by a Party shall not relieve such Party of any of its obligations hereunder unless agreed to by the non-assigning Party, and any attempt to do so shall be ineffective and void ab initiounder this Agreement. Subject to the preceding sentence, this Agreement is binding upon, inures to the benefit of and is enforceable by the Parties hereto and their respective successors and permitted assigns.

Appears in 1 contract

Samples: Services Agreement (A. H. Belo CORP)

AutoNDA by SimpleDocs

No Assignment; Binding Effect. This Agreement shall be binding upon and shall inure to the benefit of the Parties hereto and their permitted successors and assigns. No Party to Neither this Agreement nor any right, interest or obligation hereunder may assign or delegate, be assigned by operation of law or otherwise, all or any portion of its rights, obligations or liabilities under this Agreement party hereto without the prior written consent of the other Party to this Agreement, which such Party may withhold in its absolute discretion, except that (x) each Party parties hereto may assign any or all of its rights and interests hereunder to an Affiliate and (y) each Party may assign any of its obligations hereunder to an Affiliate; provided, however, that such assignment shall not relieve such Party of any of its obligations hereunder unless agreed to by the non-assigning Party, and any attempt to do so will be void, except for assignments and transfers by operation of law, and except that any party may assign this Agreement to any of its Affiliates without the consent of the other parties, provided that (a) no such assignment shall in any way affect the obligations or liabilities of the assigning party under this Agreement, which shall remain in effect notwithstanding such assignment, and (b) if such assignee shall cease to be ineffective an Affiliate of such assigning party, such assignee shall transfer back to such assigning party all such assigned rights and void ab initiobenefits prior to such assignee ceasing to be an Affiliate of such assigning party. Subject to the preceding sentence, this This Agreement is binding upon, inures to the benefit of and is enforceable by the Parties parties hereto and their respective successors and permitted assigns.

Appears in 1 contract

Samples: Stock Purchase Agreement (Ace LTD)

No Assignment; Binding Effect. This Agreement shall be binding upon and shall inure to the benefit of the Parties hereto and their permitted successors and assigns. No Party to Neither this Agreement nor any right, interest or obligation hereunder may assign or delegate, be assigned by operation of law or otherwise, all or any portion of its rights, obligations or liabilities under this Agreement party hereto without the prior written consent of the other Party party hereto and any attempt to this Agreement, which such Party may withhold in its absolute discretiondo so will be void, except (a) for assignments and transfers by operation of Law and (b) that (x) each Party hereto Purchasers may assign any or all of its their rights, interests and obligations hereunder (including without limitation their rights under Article XI) to any Affiliate provided that any such Affiliate agrees in writing to be bound by all of the terms, conditions and interests hereunder provisions contained herein, but no such assignment shall relieve Purchasers of their obligations hereunder. Without limiting the generality of the foregoing, if requested by Purchasers, Sellers agree to an Affiliate and (y) each Party may assign cause the Company to convey at Closing any of its obligations hereunder Subsidiaries to an Affiliate; provided, however, that such assignment shall not relieve such Party of any of its obligations hereunder unless agreed to by the non-assigning Party, and any attempt to do so shall be ineffective and void ab initioPerson Purchasers may direct. Subject to the preceding sentenceforegoing, this Agreement is binding upon, inures to the benefit of and is enforceable by the Parties parties hereto and their respective successors and permitted assigns.

Appears in 1 contract

Samples: Stock Purchase Agreement (Resource America Inc)

No Assignment; Binding Effect. This Agreement shall be binding upon and shall inure to the benefit of the Parties hereto and their permitted successors and assigns. No Party to Neither this Agreement (nor any Additional Agreement) nor any right, interest or obligation hereunder (or thereunder) may assign be assigned by any Party hereto (or delegate, by operation of law or otherwise, all or any portion of its rights, obligations or liabilities under this Agreement thereto) without the prior written consent of the other Party hereto (or thereto) and any attempt to this Agreement, which such Party may withhold in its absolute discretiondo so will be void, except that (x) each Party hereto may assign any or all of its rights rights, interests and interests hereunder to an Affiliate and (y) each Party may assign any of its obligations hereunder or under any Additional Agreement to an Affiliate; , provided, howeverthat, any such Affiliate agrees in writing to be bound by all of the terms, conditions and provisions contained herein and that such no assignment by a Party shall not relieve such Party of any of its obligations hereunder under this Agreement unless agreed to by the non-assigning Party, and any attempt to do so shall be ineffective and void ab initio. Subject to the preceding sentence, this Agreement is binding upon, inures to the benefit of and is enforceable by the Parties hereto and their respective successors and permitted assigns.

Appears in 1 contract

Samples: Services Agreement (A. H. Belo CORP)

Time is Money Join Law Insider Premium to draft better contracts faster.