No Attachment Binding on Successors Clause Example from Business Contracts

This example No Attachment Binding on Successors clause appears in 4 contracts from 1 company

No Attachment Binding on Successors. (a)Except as required by law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge, or hypothecation, or to execution, attachment, levy, or similar process or assignment by operation of law, and any attempt, voluntary or involuntary, to affect any such action shall be null, void, and of no effect. (b)FLIC's obligations under this Agreement shall be binding on any and all successors or assigns, w...hether direct or indirect, by purchase, merger, consolidation or otherwise, to all or substantially all the business or assets of FLIC, in the same manner and to the same extent that FLIC would be required to perform if no such succession or assignment had taken place. View More Arrow