Common use of Benefit and Assignment Clause in Contracts

Benefit and Assignment. This Agreement shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors and permitted assigns. Neither this Agreement nor any rights hereunder may be assigned or transferred, and no duties may be delegated, by Seller without the prior written consent of Buyer. Buyer may assign or transfer its rights and delegate its duties hereunder to any Affiliate of Buyer.

Appears in 3 contracts

Samples: Asset Purchase Agreement (American Italian Pasta Co), Asset Purchase Agreement (American Italian Pasta Co), Asset Purchase Agreement (American Italian Pasta Co)

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Benefit and Assignment. This Agreement shall be binding upon, upon and shall inure to the benefit of, of the parties hereto and their respective successors and permitted assigns. Neither Buyer nor Seller may assign this Agreement nor any rights hereunder may be assigned or transferred, and no duties may be delegated, by Seller without the prior written consent of Buyer. the other party hereto, except that Buyer may assign or transfer this Agreement to an Affiliate if Buyer fully guarantees to Seller the performance hereunder of its rights and delegate its duties hereunder to any Affiliate of BuyerAffiliate.

Appears in 3 contracts

Samples: Option Agreement (Legacy Communications Corp), Asset Purchase Agreement (Legacy Communications Corp), Option Agreement (Legacy Communications Corp)

Benefit and Assignment. This Agreement shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors and permitted assigns. Neither this Agreement nor any rights hereunder may not be assigned by the Buyer without the prior written consent of the Seller, whether by merger, operation of law or transferred, and no duties otherwise. This Agreement may not be delegated, assigned by the Seller without the prior written consent of the Buyer, whether by merger, operation of law or otherwise. Buyer may assign or transfer its rights This Agreement shall be binding upon and delegate its duties hereunder inure to any Affiliate the benefit of Buyerthe parties hereto, their permitted successors, assignees and beneficiaries in interest.

Appears in 2 contracts

Samples: Guaranty Agreement (Green Plains Inc.), Guaranty Agreement (Green Plains Inc.)

Benefit and Assignment. This Agreement shall be binding upon, upon and shall inure to the benefit of, of the parties hereto and their respective successors and permitted assigns. Neither Seller may assign its interest under this Agreement nor any rights hereunder may be assigned or transferred, and no duties may be delegated, by Seller without with the prior written consent of Buyer. Buyer may assign or transfer its rights and delegate its duties hereunder to any Affiliate of Buyer, which consent shall not be unreasonably withheld.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Debut Broadcasting Corporation, Inc.), Asset Purchase Agreement (Debut Broadcasting Corporation, Inc.)

Benefit and Assignment. This Agreement shall be binding upon, and inure to the benefit of, the parties hereto hereto, their legal representatives, successors, and their respective successors and permitted assignsassignees. Neither This Agreement may not be assigned by either party, except that Purchaser shall have the right to assign this Agreement nor any rights hereunder may be assigned or transferred, and no duties may be delegated, by Seller without the prior written consent of Buyer. Buyer may assign or transfer its rights and delegate its duties hereunder to any Affiliate entity controlled by Purchaser. No such assignment by Purchaser shall relieve Purchaser of Buyerits obligations hereunder.

Appears in 2 contracts

Samples: Asset Purchase Agreement (ORBCOMM Inc.), Asset Purchase Agreement (ORBCOMM Inc.)

Benefit and Assignment. This Agreement shall be binding upon, upon and inure to the benefit of, of the parties hereto and their respective successors and permitted assigns. Neither this Agreement nor any The rights hereunder of the Seller may not be assigned. The rights of the Buyer may be assigned to a subsidiary or transferredaffiliate of the Buyer, provided that any such assignment shall in no way relieve the Buyer of its obligations and no duties may be delegated, by Seller without the prior written consent of Buyer. Buyer may assign or transfer its rights and delegate its duties hereunder to any Affiliate of Buyerresponsibilities under this Agreement.

Appears in 2 contracts

Samples: Agreement (Medical Technology Systems Inc /De/), Asset Acquisition Agreement (Medical Technology Systems Inc /De/)

Benefit and Assignment. This Agreement shall be binding upon, upon and shall inure to the benefit of, of the parties hereto and their respective successors and permitted assigns. Neither Buyer nor Seller may assign this Agreement nor any rights hereunder may be assigned or transferred, and no duties may be delegated, by Seller without the prior written consent of Buyer. the other parties hereto except that Buyer may assign or transfer its rights and delegate (but not its duties hereunder obligations) under this Agreement to any an Affiliate of Buyer.

Appears in 1 contract

Samples: Escrow Agreement (Salem Communications Corp /De/)

Benefit and Assignment. This Agreement shall be binding upon, upon and inure to the benefit of, of the parties hereto and their respective successors and permitted assigns. Neither this Agreement nor any The rights of the Seller hereunder may not be assigned. The rights of the Buyer may be assigned to a subsidiary or transferredaffiliate of the Buyer, provided that any such assignment shall in no way relieve the Buyer of its obligations and no duties may responsibilities under this Agreement unless the Seller consents thereto (such consent not to be delegated, by Seller without the prior written consent of Buyer. Buyer may assign or transfer its rights and delegate its duties hereunder to any Affiliate of Buyerunreasonably withheld).

Appears in 1 contract

Samples: Asset Acquisition Agreement (Medical Technology Systems Inc /De/)

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Benefit and Assignment. This Agreement shall be binding upon, upon and shall inure to the benefit of, of the parties hereto and their respective successors and permitted assigns. Neither Buyer nor Seller may assign this Agreement nor any rights hereunder may be assigned or transferred, and no duties may be delegated, by Seller without the prior written consent of Buyer. the other parties hereto except that Buyer may assign or transfer its rights and delegate its duties hereunder obligations under this Agreement to any an Affiliate of Buyer; provided, that Buyer will remain liable in the event such assignee fails to fulfill Buyer's obligations hereunder.

Appears in 1 contract

Samples: Asset Purchase Agreement (Acme Intermediate Holdings LLC)

Benefit and Assignment. This Agreement shall be binding upon, bind and inure to the benefit of, the parties hereto Buyer and their respective its successors and permitted assigns and Seller and its successors and assigns. Neither ; provided, however, that no party to this Agreement nor shall assign its rights or obligations hereunder to any rights hereunder may be assigned or transferredPerson, and no duties may be delegated, by Seller without the prior express written consent of Buyer. the other party, except that Buyer may assign or transfer its rights this Agreement to a Buyer’s Affiliate without the consent of Seller so long as Buyer remains obligated for the satisfaction and delegate its duties hereunder to any Affiliate performance of Buyer’s obligations hereunder.

Appears in 1 contract

Samples: Stock Purchase Agreement (Amgen Inc)

Benefit and Assignment. This Agreement shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors and permitted assigns. Neither this Agreement nor any rights hereunder may be assigned or transferred, and no duties may be delegated, by Seller either party without the prior written consent of Buyer. the other, except Seller may assign this Agreement to any entity purchasing all or substantially all of the assets of Seller and Buyer may assign or transfer its rights and delegate its duties hereunder to any Affiliate of BuyerBuyer so long as Buyer agrees to guarantee the performance of all of the obligations assigned to its Affiliate in the form of a guarantee acceptable to Seller and its counsel.

Appears in 1 contract

Samples: Asset Purchase Agreement (American Italian Pasta Co)

Benefit and Assignment. This Agreement shall be binding upon, upon and shall inure to the benefit of, of the parties hereto and their respective successors and permitted assigns. Neither Buyer nor Seller may assign this Agreement nor any rights hereunder may be assigned or transferred, and no duties may be delegated, by Seller without the prior written consent of Buyer. the other parties hereto except that Buyer may assign or transfer its rights and delegate its duties hereunder obligations under this Agreement to any Affiliate other party; provided, that Buyer will remain liable in the event such assignee fails to fulfill any of Buyer's obligations hereunder.

Appears in 1 contract

Samples: Asset Purchase Agreement (Acme Intermediate Holdings LLC)

Benefit and Assignment. This Agreement shall be binding upon, upon and shall inure to the benefit of, of the parties hereto and their respective successors and permitted assigns. Neither Seller may not voluntarily or involuntarily assign its interest under this Agreement nor any rights hereunder may be assigned or transferred, and no duties may be delegated, by Seller without the prior written consent of BuyerBuyers. Buyer may Buyers shall have the right to assign and/or delegate all or transfer any portion of its rights and delegate obligations under this Agreement, including without limitation, assignments as collateral, provided that no such assignment and/or delegation shall relieve Buyers of their obligations hereunder in the event that its duties hereunder assignee fails to any Affiliate of Buyer.perform the obligations delegated. All

Appears in 1 contract

Samples: Asset Purchase Agreement (Regent Communications Inc)

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