Persons Entitled to Benefit of Agreement Clause Example from Business Contracts

Persons Entitled to Benefit of Agreement. This Agreement and any Terms Agreement shall inure solely to the benefit of, and shall be binding upon, the Company, the Agents and the controlling persons, directors, officers and affiliates referred to in Section 9 hereof, and their respective successors and assigns, and no other person shall have or be construed to have any legal or equitable right, remedy or claim under or in respect of or by virtue of this Agreement or any Terms Agreement or any provision herein or therein contained; provid...ed, that Merrill Lynch Pierce Fenner & Smith Incorporated ("Merrill Lynch") may, without notice to the Company, assign its rights and obligations under this Agreement to any other registered broker-dealer wholly-owned by Bank of America Corporation to which all or substantially all of Merrill Lynch's investment banking or related business may be transferred following the date of this Agreement. This Agreement and all conditions and provisions hereof and thereof are intended to be for the sole and exclusive benefit of the parties hereto and thereto and said controlling persons, directors, officers and affiliates referred to in Section 9 hereof, and their respective successors, officers, directors, heirs and legal representatives, and this Agreement and any Terms Agreement are not for the benefit of any other person, firm or corporation. No purchaser of Shares from or through any Agent shall be deemed to be a successor merely by reason of purchase. View More