Parties; Binding Effect Sample Clauses
The "Parties; Binding Effect" clause defines who is legally bound by the agreement and ensures that the contract's terms apply to the named parties and, often, their successors or permitted assigns. In practice, this means that if a party undergoes a merger, acquisition, or transfers its rights under the contract, the obligations and benefits of the agreement will continue to apply to the new entity or individual. This clause is essential for maintaining the enforceability of the contract over time, even if the parties' identities change, thereby providing continuity and legal certainty.
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Parties; Binding Effect. This Agreement shall be binding upon, and shall insure to the benefit of the Partners, their legal representatives, proper transferees, heirs, successors and assigns.
Parties; Binding Effect. This Agreement becomes effective between Viking Cloud and the Party (“the Relying Party”) when the latter submits a certificate validation query or otherwise uses or relies upon any information provided by Viking Cloud through its website or a certificate issued by Viking Cloud.
Parties; Binding Effect. This Agreement becomes effective between MICROS and You (“the Relying Party”) when the latter submits a certificate validation query or otherwise uses or relies upon any information provided by MICROS or Trustwave through their websites or a certificate issued by MICROS.
Parties; Binding Effect. The Owners, Beneficial Owners and Depositors from time to time are parties hereto, are bound by all of the terms and conditions hereof and of the Receipts and are entitled to all of the rights and benefits hereof, by their acceptance of Receipts or any interest therein or by their depositing Securities, as the case may be. For greater certainty, any Person who transfers Receipts to another Person is deemed to assign its rights hereunder and under the transferred Receipts to the transferee and the transferee, on transfer of the Receipts, hereby is deemed to become a party hereto and is thereby bound by all of the terms and conditions hereof and of the Receipts and is entitled to all of the rights and benefits hereof and of the Receipts.