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Permitted Successors means any asset manager or investment professional of similar asset management experience and expertise approved by the Administrative Agent, which approval shall not be unreasonably withheld or delayed. [As added by First Amendment.]
hereinafter referred to as "the Purchaser" (which expression shall unless the context or meaning thereof be otherwise repugnant mean and include its successors and assigns).
Sub-Clauses. Successors and Assigns. This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and permitted assigns. Successors and Assigns.
Permitted Successors means any asset manager or investment professional of similar asset management experience and expertise approved by the Administrative Agent, which approval shall not be unreasonably withheld or delayed. [As added by First Amendment.]
A successor can be voluntary (as through an assignment), involuntary, or without any action on anyone's part, as by operation of law. A successor by operation of law occurs, for example, when one joint tenant on real estate dies and the interest of that joint tenant passes to the surviving joint tenant.
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Sub-Clauses. Successors and Assigns. This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and permitted assigns. Successors and Assigns.
The Binding Effect, sometimes referred to as "Successors and Assigns," says that the agreement to which it pertains benefits all of the parties involved and legally binds them to the agreement.
A successor can be voluntary (as through an assignment), involuntary, or without any action on anyone's part, as by operation of law. A successor by operation of law occurs, for example, when one joint tenant on real estate dies and the interest of that joint tenant passes to the surviving joint tenant.
According to the theory that a parliament cannot bind its successors, any form of a Bill of Rights cannot be entrenched, and a subsequent parliament could repeal the act.
Binding effect refers to the perceptual attraction between an action and an outcome leading to a subjective compression of time. Most studies investigating binding effects exclusively employ the \u201cpressing\u201d action without exploring other types of actions.

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