Common use of Assignment and Modification Clause in Contracts

Assignment and Modification. This Agreement and the rights and obligations hereunder of any of the parties hereto may not be assigned without the prior written consent of the other parties hereto. Subject to the foregoing, this Agreement will be binding upon and inure to the benefit of each of the parties hereto and their respective successors and permitted assigns. No other person will acquire or have any rights under, or by virtue of, this Agreement. No portion of the Escrow Amount shall be subject to interference or control by any creditor of any party hereto, or be subject to being taken or reached by any legal or equitable process in satisfaction of any debt or other liability of any such party hereto prior to the disbursement thereof to such party hereto in accordance with the provisions of this Agreement. This Agreement may be changed or modified only in writing signed by all of the parties hereto. No waiver of any right or remedy hereunder shall be valid unless the same shall be in writing and signed by the party giving such waiver. No waiver by any party with respect to any condition, default or breach of covenant hereunder shall be deemed to extend to any prior or subsequent condition, default or breach of covenant hereunder or affect in any way any rights arising by virtue of any prior or subsequent such occurrence.

Appears in 9 contracts

Samples: Investor Relations Escrow Agreement (China Growth CORP), Holdback Escrow Agreement (China Growth CORP), Investor Relations Escrow Agreement (Dragon Acquisition CORP)

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Assignment and Modification. This Agreement and the rights and obligations hereunder of any of the parties hereto may not be assigned without the prior written consent of the other parties hereto. Subject to the foregoing, this Agreement will be binding upon and inure to the benefit of each of the parties hereto and their respective successors and permitted assigns. No other person will acquire or have any rights under, or by virtue of, this Agreement. No portion of the Escrow Amount Funds shall be subject to interference or control by any creditor of any party hereto, or be subject to being taken or reached by any legal or equitable process in satisfaction of any debt or other liability of any such party hereto prior to the disbursement thereof to such party hereto in accordance with the provisions of this Agreement. This Agreement may be changed or modified only in writing signed by all of the parties hereto. No waiver of any right or remedy hereunder shall be valid unless the same shall be in writing and signed by the party giving such waiver. No waiver by any party with respect to any condition, default or breach of covenant hereunder shall be deemed to extend to any prior or subsequent condition, default or breach of covenant hereunder or affect in any way any rights arising by virtue of any prior or subsequent such occurrence.

Appears in 1 contract

Samples: Investor Relations Escrow Agreement (Emerald Acquisition CORP)

Assignment and Modification. This Agreement and the rights and obligations hereunder of any of the parties hereto may not be assigned without the prior written consent of the other parties hereto. Subject to the foregoing, this Agreement will be binding upon and inure to the benefit of each of the parties hereto and their respective successors and permitted assigns. No other person will acquire or have any rights under, or by virtue of, this Agreement. No portion of the Escrow Amount Funds shall be subject to interference or control by any creditor of any party hereto, or be subject to being taken or reached by any legal or equitable process in satisfaction of any debt or other liability of any such party hereto prior to the disbursement thereof to such party hereto in accordance with the provisions of this Agreement. This Agreement may be changed or modified only in writing signed by all of the parties heretoSeller, the Agent and the Escrow Agent. No waiver of any right or remedy hereunder shall be valid unless the same shall be in writing and signed by the party giving such waiver. No waiver by any party with respect to any condition, default or breach of covenant hereunder shall be deemed to extend to any prior or subsequent condition, default or breach of covenant hereunder or affect in any way any rights arising by virtue of any prior or subsequent such occurrence.

Appears in 1 contract

Samples: Escrow Agreement (Walker Digital, LLC)

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Assignment and Modification. This Agreement and the rights and obligations hereunder of any of the parties hereto Parties may not be assigned without the prior written consent of the other parties heretoParties. Subject to the foregoing, this Agreement will be binding upon and inure to the benefit of each of the parties hereto Parties and their respective successors and permitted assigns. No other person Person will acquire or have any rights under, or by virtue of, this Agreement. No portion of the Escrow Amount Funds shall be subject to interference or control by any creditor of any party hereto, Party or be subject to being taken or reached by any legal or equitable process in satisfaction of any debt or other liability of any such party hereto Party prior to the disbursement thereof to such party hereto Party in accordance with the provisions of this Agreement. This Agreement may be changed or modified only in writing signed by all of the parties heretoParties. No waiver of any right or remedy hereunder shall be valid unless the same shall be in writing and signed by the party Party giving such waiver. No waiver by any party Party with respect to any condition, default or breach of covenant hereunder shall shall, except as expressly provided in such waiver, be deemed to extend to any prior or subsequent condition, default or breach of covenant hereunder or affect in any way any rights arising by virtue of any prior or subsequent such occurrence.

Appears in 1 contract

Samples: Securities Purchase Agreement (Olympus Pacific Minerals Inc)

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