Common use of Successors; Assignability Clause in Contracts

Successors; Assignability. This Agreement shall inure to the benefit of and be binding upon the heirs, executors, administrators, successors and assigns of the parties hereto. Neither party may assign its rights hereunder without the prior written consent of the other party, except that the Buyer may assign this Agreement and its rights hereunder to one or more of its lenders as collateral security. Any purported assignment contrary to the provisions of this Section 13.9 shall be void and of no force or effect.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Astris Energi Inc), Asset Purchase Agreement (ACME Global Inc.), Asset Purchase Agreement (Astris Energi Inc)

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Successors; Assignability. This Agreement shall inure to the benefit of and be binding upon the heirs, executors, administrators, successors and assigns of the parties Parties hereto. Neither party the Seller nor the Buyer may assign its any of their rights or obligations hereunder without the prior written consent of the other party, except that the Buyer may assign this Agreement and its rights hereunder to one or more of its lenders as collateral security. Any assignment made or purported assignment to be made contrary to the provisions of this Section 13.9 7.8 shall be void and of no force or effect.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Martin Midstream Partners L.P.)

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Successors; Assignability. This Agreement shall inure to the benefit of and be binding upon the heirs, executors, administrators, successors and assigns of the parties hereto. Neither party Party may assign its rights hereunder without the prior written consent of the other partyParty, except that the Buyer may assign this Agreement and any of its rights and delegate any of its obligations hereunder to one or more any Affiliate without the prior written consent of its lenders as collateral securityany Party hereto. Any purported assignment contrary to the provisions of this Section 13.9 11.9 shall be void and of no force or effect.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Gb Sciences Inc)

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