Common use of Successors and Assigns; Parties in Interest Clause in Contracts

Successors and Assigns; Parties in Interest. (a) This Agreement shall be binding upon and shall inure to the benefit of the parties hereto, the other Indemnified Parties, and the respective successors and assigns (if any) of the foregoing. No Person (including any creditor of Medicis or Ascent or any former or current employee of Ascent) who is not a party to this Agreement shall have any rights hereunder as a third-party beneficiary or otherwise.

Appears in 4 contracts

Samples: Securities Purchase Agreement (Biomarin Pharmaceutical Inc), License Agreement (Biomarin Pharmaceutical Inc), Securities Purchase Agreement (Medicis Pharmaceutical Corp)

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Successors and Assigns; Parties in Interest. (a) This Agreement shall be binding upon and shall inure to the benefit of the parties hereto, the other Indemnified Parties, and the respective successors and assigns (if any) of the foregoing. No Person (including any creditor of Medicis or Ascent or any Business Employee, Transferred Employee or any other former or current employee of Ascent) who is not a party to this Agreement shall have any rights hereunder as a third-party beneficiary or otherwise.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Biomarin Pharmaceutical Inc), Asset Purchase Agreement (Medicis Pharmaceutical Corp)

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