Clause Library

Successors and Assigns

Clarifies that the contract's rights and obligations will bind and benefit not only the parties but also their successors and assigns.

Drafting Tips

Specify that the contract's rights and obligations bind successors and permitted assigns, ensuring continuity of obligations under the contract.
Sample Clauses
Source Master Video Lottery Terminal Contract [TWIN RIVER WORLDWIDE HOLDINGS, INC.]
(2019-01-25) - DE - Hotels & Motels

This Incremental Amendment shall be binding upon and inure to the benefit of each of
Source Master Video Lottery Terminal Contract [TWIN RIVER WORLDWIDE HOLDINGS, INC.]
(2019-01-25) - DE - Hotels & Motels

the undersigned and their respective successors and permitted assigns.
Source Commercial Lease Agreement [SKYWATER TECHNOLOGY, INC]
(2021-03-22) - DE - Semiconductors & Related Devices

The representations, warranties, covenants, agreements and obligations herein contained shall extend to, bind and inure to the benefit not only of the parties hereto but their respective successors and permitted assigns.
Source Quarterly Financial Report (Form 10-Q) [FULL HOUSE RESORTS INC]
(2020-05-13) - DE - Hotels & Motels

All covenants and agreements by Borrower in this Agreement shall bind Borrower's successors and assigns and shall benefit Lender and its successors and assigns. Borrower may not assign its rights under this Agreement without the prior written consent of Lender.
Source Stock Incentive Plan [TENABLE HOLDINGS, INC.]
(2018-06-29) - DE - Services-Prepackaged Software

This Agreement shall inure to the benefit of the successors and assigns of the Corporation and, subject to the restrictions on transfer herein set forth, be binding upon Purchaser and Purchaser's heirs, executors, administrators, successors and assigns. The failure of the Corporation in any instance to exercise the Right of First Refusal, Purchase Right, Transfer Restriction or other right described herein shall not constitute a waiver of any of such rights as may subsequently arise under the provisions of this Agreement. No waiver of any breach or condition of this Agreement shall be deemed to be a waiver of any other or subsequent breach or condition, whether of a like or different nature.
Source Severance Agreement [ONCOLIX, INC.]
(2017-08-29) - FL - Pharmaceutical Preparations

For purposes of this Agreement, "Successors and Assigns" shall mean a corporation or other entity acquiring all or substantially all the assets and business of the Company (including this Agreement) whether by operation of law or otherwise.
Source Assignment and Assumption of Real Estate Contract [LIGHTSTONE VALUE PLUS REIT V, INC.]
(2020-05-15) - MD - Real Estate Investment Trusts

5. Successors and Assigns. This Assignment shall be binding upon and inure to the benefit of the successors and assigns of Assignor and Assignee.
Source Share Purchase Agreement [HIGH TIDE INC.]
(2021-03-22) - Z4 - Retail-Retail Stores, NEC

Section 9.08 Successors and Assigns. This Agreement shall be binding upon and enure to the benefit of the Company, the Buyer and their successors and permitted assigns. Neither Party may assign its rights or obligations hereunder without the prior written consent of the other Party. No assignment shall relieve the assigning party of any of its obligations hereunder.
Source Preferred Share Purchase Agreement [17 EDUCATION & TECHNOLOGY GROUP INC.]
(2020-10-20) - E9 - Services-Educational Services

Except as otherwise expressly provided herein, the provisions hereof shall inure to the benefit of, and be binding upon, the successors, assigns, heirs, executors and administrators of the Parties hereto. This Agreement and the rights and obligations therein may not be assigned by any Party without the written consent of all other Parties, provided that the Series F Investor may assign its rights and obligations under this Agreement to its Affiliate without the consent of the other Parties; provided that the assignee shall assume all of the obligations of such Series F Investor hereunder in writing and such Series F Investor shall deliver a copy of the relevant assignment agreement to the Company.
Source Lease Agreement [10X GENOMICS, INC.]
(2019-08-19) - DE - Laboratory Analytical Instruments

The terms, covenants and conditions of this Lease shall, subject to the provisions as to assignment, apply to and bind the heirs, successors, executors, administrators and assigns of all of the parties hereto.
Source Office Lease [2U, INC.]
(2017-02-24) - DE - Services-Prepackaged Software

This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, legal representatives, successors, successors-in-title and assigns; provided, however, that in the event of the assignment or transfer of the interest of Lender, upon the assumption of the successor or assignee, all obligations and liabilities of the assigning Lender under this Agreement shall terminate, and thereupon all such obligations and liabilities shall be the responsibility of such party to whom Lender's interest is assigned or transferred. When used herein, the term "landlord" refers to Landlord and to any successor to the interest of Landlord under the Lease and "Lender" refers to Lender and to any assignee of the note secured by the Deed of Trust and Lender's servicer of the Loan, if any.
Source Office Lease [2U, INC.]
(2017-02-24) - DE - Services-Prepackaged Software

This License shall inure to the benefit of, and be binding upon the parties hereto and their respective successors and approved assigns. Tenant may not assign or sublicense this License without Landlord's prior written consent, which consent may be granted or withheld in Landlord's sole discretion; provided however that Tenant shall be permitted to assign or sublicense this License in connection with a permitted assignment or sublease, as applicable, of the Lease in accordance with the terms thereof. Nothing in this License shall prohibit or restrict Landlord from assigning its interests under the Lease.
Source Office Lease [2U, INC.]
(2017-02-24) - DE - Services-Prepackaged Software

This License shall inure to the benefit of, and be binding upon the parties hereto and their respective successors and approved assigns. Tenant may not assign or sublicense this License without Landlord's prior written consent, which consent may be granted or withheld in Landlord's sole discretion; provided however that Tenant shall be permitted to assign or sublicense this License in connection with a permitted assignment or sublease, as applicable, of the Lease in accordance with the terms thereof. Nothing in this License shall prohibit or restrict Landlord from assigning its interests under the Lease.
Source Employment Agreement [AFFINION GROUP HOLDINGS, INC.]
(2018-03-01) - DE - Services-Business Services, NEC

This Agreement shall bind and inure to the benefit of and be enforceable by the Participant, the Company and their respective permitted successors and assigns (including personal representatives, heirs and legatees), except that the Participant may not assign any rights or obligations under this Agreement except to the extent and in the manner expressly permitted herein.
Source Supply Agreement [AGRIFY CORP]
(2021-01-13) - NV - Agricultural Services

This Agreement shall be binding upon and inure to the benefit of the parties and their permitted successors and assigns.
Source Unsecured Line of Credit Promissory Note [AHP SERVICING LLC]
(2019-10-10) - DE - Real Estate

This Note may be assigned or transferred by Lender to any Person. Borrower may not assign or transfer this Note or any of its rights hereunder without the prior written consent of Lender. This Note shall inure to the benefit of, and be binding upon, the Parties and their permitted assigns.
Source Stock Option Agreement [AKOUOS, INC.]
(2020-03-24) - DE - Pharmaceutical Preparations

SUCCESSORS AND ASSIGNS. Except as otherwise expressly provided to the contrary, the provisions of this Agreement shall inure to the benefit of, and be binding upon, the Company and its successors and assigns and be binding upon the Transferee and the Transferee's legal representatives, heirs, legatees, distributees, assigns and transferees by operation of law, whether or not any such person has become a party to this Agreement or has agreed in writing to join herein and to be bound by the terms, conditions and restrictions hereof.
Source Registration Statement (Form S-1) [ALIGOS THERAPEUTICS, INC.]
(2020-09-25) - DE - Biological Products, (No Diagnostic Substances)

This Note shall inure to the benefit of and be binding upon the respective successors and assigns of the parties. Nothing in this Note is intended to confer upon any party other than the parties hereto or their respective successors and assigns any rights, remedies, obligations or liabilities under or by reason of this Note, except as expressly provided in this Note. Notwithstanding the forgoing, any transfer of this Note may be effected only in accordance with the provisions of this Note and the consent of the Company and by surrender of this Note to the Company and reissuance of a new note to the transferee. The Lender and any subsequent holder of this Note receives this Note subject to the foregoing terms and conditions, as well as all other terms and conditions contained in this Note, and agrees to comply with all such terms and conditions for the benefit of the Company and Lender.
Source Term Loan Credit Agreement [ALLEGRO MICROSYSTEMS, INC.]
(2020-10-13) - Semiconductors & Related Devices

The rights and benefits of the Company under this Agreement shall be transferable to any one or more persons or entities, and all covenants and agreements hereunder shall inure to the benefit of, and be enforceable by the Company's successors and assigns. The rights and obligations of Holder under this Agreement may only be Transferred to Family Members of Holder as expressly provided herein or otherwise with the prior written consent of the Company, and any purported Transfer in violation of the foregoing shall be null and void ab initio.
Source Securities Purchase Agreement [ALLERGEN RESEARCH CORP]
(2017-03-15) - DE - Pharmaceutical Preparations

Without the prior written consent of the Company, the rights and obligations of the Purchaser under this Agreement may only be assigned to a transferee of the Shares that is an Affiliate of the Purchaser and only upon compliance with the transfer restrictions set out in Section 5.4 hereof. Without the consent of the Purchaser, the Company may not assign its rights and obligations under this Agreement. The provisions hereof shall inure to the benefit of, and be binding upon, the successors and permitted assigns of the parties hereto.
Source Prospectus Supplement [ARCH THERAPEUTICS, INC.]
(2020-04-27) - NV - Surgical & Medical Instruments & Apparatus

SUCCESSORS AND ASSIGNS Under this Note, Borrower includes its successors, and Lender includes its successors and assigns. Lender may at any time assign to one or more assignees all or a portion of its rights and obligations under this Note.