Common use of 1Successors and Assigns Clause in Contracts

1Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of Obligors, Agent, Lenders, Secured Parties, and their respective successors and assigns, except that (a) no Obligor may assign or delegate its rights or obligations under any Loan Documents; and (b) any assignment by a Lender must be made in compliance with Section 13.3. Agent may treat the Person which made any Loan as the owner thereof for all purposes until such Person makes an assignment in accordance with Section 13.3. Any authorization or consent of a Lender shall be conclusive and binding on any subsequent transferee or assignee of such Lender.

Appears in 2 contracts

Samples: Loan, Security and Guaranty Agreement (Helix Energy Solutions Group Inc), Loan, Security and Guaranty Agreement (Helix Energy Solutions Group Inc)

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1Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of ObligorsBorrower, Agent, Lenders, Secured Parties, and their respective successors and assigns, except that (a) Borrower shall have no Obligor may right to assign its rights or delegate its rights or obligations under any Loan Documents; and (b) any assignment by a Lender must be made in compliance with Section 13.3. Agent may treat the Person which made any Loan as the owner thereof for all purposes until such Person makes an assignment in accordance with Section 13.3. Any <->112<-> authorization or consent of a Lender shall be conclusive and binding on any subsequent transferee or assignee of such Lender.

Appears in 1 contract

Samples: Loan Agreement and Forbearance Agreement (School Specialty Inc)

1Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of ObligorsBorrowers, Agent, Lenders, Secured Parties, and their respective successors and assigns, except that (a) no Obligor may Borrower shall have the right to assign its rights or delegate its rights or obligations under any Loan Documents; and (b) any assignment by a Lender must be made in compliance with Section 13.3. Agent may treat the Person which made any Loan as the owner thereof for all purposes until such Person makes an assignment in accordance with Section 13.3. Any authorization or consent of a Lender shall be conclusive and binding on any subsequent transferee or assignee of such Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Adara Acquisition Corp.)

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1Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of Obligors, Agent, Lenders, Secured Parties, and their respective successors and assigns, except that (a) no Obligor may assign or delegate its rights or obligations under any Loan Documents; and (b) any assignment by a Lender must be made in compliance with Section 13.3. Agent may treat the Person which made any Loan as the owner thereof for all purposes until such ​ ​ Person makes an assignment in accordance with Section 13.3. Any authorization or consent of a Lender shall be conclusive and binding on any subsequent transferee or assignee of such Lender.

Appears in 1 contract

Samples: Loan, Security and Guaranty Agreement (Helix Energy Solutions Group Inc)

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