Parties Affected Clause Samples
The "Parties Affected" clause defines which individuals or entities are subject to the terms and obligations of the agreement. It typically clarifies whether the contract applies only to the named parties or also extends to affiliates, subsidiaries, employees, or agents. By specifying the scope of who is bound or benefits from the contract, this clause ensures clarity and prevents disputes over who is responsible for or entitled to enforce the agreement's provisions.
Parties Affected. This Loan Authorization and Agreement will be binding upon Borrower and Borrower's successors and assigns and will inure to the benefit of SBA and its successors and assigns.
Parties Affected. The rights, liabilities and remedies provided for herein shall extend to the heirs, legal representatives, successors and, so far as the terms of this LEASE permit, assigns of the parties hereto, and the words "LESSOR" and "LESSEE" and their accompanying verbs or pronouns, wherever used in this LEASE, shall apply equally to all persons, firms, or corporations which may be or become parties hereto.
Parties Affected. This Agreement shall be binding upon and inure to the benefit of the officers, directors, shareholders, employees, partners, attorneys, affiliates, representatives, spouses, trustees, heirs, successors, and assigns of the Parties.
Parties Affected. Nothing in this Agreement, whether express or implied, is intended to confer upon any individual or entity, or other than the parties hereto (and their respective heirs, representatives, successors, and permitted assigns), any rights or remedies hereunder or otherwise. Nothing in this Agreement is intended to relieve or discharge any liability of any party hereto or any third party. No provision in this Agreement shall give any individual or entity any right of subrogation against any party hereto.
Parties Affected. This Agreement shall inure to and shall be binding upon the parties hereto, the successors and assigns of Company, and the heirs and personal representatives of Executive.
Parties Affected. Each of the covenants and obligations 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 XXII respecting transfers of this lease or tenant's interest herein.
Parties Affected. This Agreement shall be binding upon and inure to the benefit of the Parties, their representatives, and their permitted successors and assigns. The action of any officer, partner, agent or other representative of any Party shall be deemed to be the action of said Party.
Parties Affected. All of the terms, provisions and conditions of this Agreement shall be binding upon and shall inure to the benefit of and be enforceable by the parties hereto, and their respective heirs, personal representatives, successors and assigns.
Parties Affected. This Agreement shall be binding upon ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇▇'s successors and assigns. No provision stated herein shall be waived without the prior written consent of SBA. This loan shall be administered as provided in the Guaranty Agreement.
Parties Affected. ● This Loan Authorization and Agreement will be binding upon B▇▇▇▇▇▇▇ and B▇▇▇▇▇▇▇'s successors and assigns and will inure to the benefit of SBA and its successors and assigns.