Common use of Successors and Assigns; Benefit Clause in Contracts

Successors and Assigns; Benefit. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, provided that no party may assign, delegate or otherwise transfer any of its rights or obligations under this Agreement without the consent of the other parties hereto except that Merger Sub may transfer or assign, in whole or from time to time in part, to one or more of its affiliates (as such term is defined in Rule 12b-2 under the Exchange Act), the right to purchase Shares pursuant to the Offer, but any such transfer or assignment will not relieve Merger Sub of its obligations under the Offer or prejudice the rights of tendering shareholders to receive payment for Shares validly tendered and accepted for payment pursuant to the Offer. Nothing in this Agreement, expressed or implied, shall confer on any Person other 50 57 than the parties hereto, and their respective successors and assigns, any rights, benefits, remedies, obligations, or liabilities under or by reason of this Agreement.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Renex Corp), Agreement and Plan of Merger (Renex Corp)

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Successors and Assigns; Benefit. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, provided PROVIDED that no party may assign, delegate or otherwise transfer any of its rights or obligations under this Agreement without the consent of the other parties hereto except that Merger Sub Buyer may transfer or assign, in whole or from time to time in part, to one or more of its affiliates (as such term is defined in Rule 12b-2 under the Exchange Act)affiliates, the right to purchase Shares shares pursuant to the Offer, but any such transfer or assignment will not relieve Merger Sub Buyer of its obligations under the Offer or prejudice the rights of tendering shareholders stockholders to receive payment for Shares validly tendered and accepted for payment pursuant to the Offer. Nothing in this Agreement, expressed or implied, shall confer on any Person other 50 57 than the parties hereto, and their respective successors and assigns, any rights, benefits, remedies, obligations, or liabilities under or by reason of this Agreement, except that the present and former officers and directors of the Company and their respective heirs and representatives shall have the rights and benefits set forth in Section 7.03 hereof.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Decrane Aircraft Holdings Inc)

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Successors and Assigns; Benefit. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, provided that no party may assign, delegate or otherwise transfer any of its rights or obligations under this Agreement without the consent of the other parties hereto except that Merger Sub Buyer may transfer or assign, in whole or from time to time in part, to one or more of its affiliates (as such term is defined in Rule 12b-2 under the Exchange Act)affiliates, the right to purchase Shares shares pursuant to the Offer, but any such transfer or assignment will not relieve Merger Sub Buyer of its obligations under the Offer or prejudice the rights of tendering shareholders stockholders to receive payment for Shares validly tendered and accepted for payment pursuant to the Offer. Nothing in this Agreement, expressed or implied, shall confer on any Person other 50 57 than the parties hereto, and their respective successors and assigns, any rights, benefits, remedies, obligations, or liabilities under or by reason of this Agreement, except that the present and former officers and directors of the Company and their respective heirs and representatives shall have the rights and benefits set forth in Section 7.03 hereof.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Decrane Acquisition Co)

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