Common use of Amendment and Restatement; Binding Effect Clause in Contracts

Amendment and Restatement; Binding Effect. (a) This Agreement shall become effective when it shall have been executed by the Borrower and the Administrative Agent, the Loan Parties have executed and delivered the Collateral Documents and when the Administrative Agent shall have been notified by each Lender and Issuer that such Lender or Issuer has executed a Lender Consent and thereafter shall be binding upon and inure to the benefit of the Borrower, the Administrative Agent and each Lender and Issuer and, in each case, their respective successors and assigns; provided, however, that the Borrower shall not have the right to assign its respective rights hereunder or any interest herein without the prior written consent of the Lenders.

Appears in 2 contracts

Samples: Credit Agreement (Knology Inc), Credit Agreement (Knology Inc)

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Amendment and Restatement; Binding Effect. (a) This Agreement shall become effective when it shall have been executed by the Borrower Borrower, Holdings and the Administrative Agent, the Loan Parties have executed and delivered the Collateral Documents Agent and when the Administrative Agent shall have been notified by each Lender and Issuer that such Lender or Issuer has executed a Lender Consent it and thereafter shall be binding upon and inure to the benefit of the BorrowerBorrower and Holdings, the Administrative Agent and each Lender and Issuer and, in each case, their respective successors and assigns; provided, however, that neither Holdings nor the Borrower shall not have the right to assign its respective rights hereunder or any interest herein without the prior written consent of the Lenders.

Appears in 2 contracts

Samples: Credit Agreement (Macquarie Infrastructure CO LLC), Credit Agreement (Macquarie Infrastructure CO LLC)

Amendment and Restatement; Binding Effect. (a) This Agreement shall become effective when it shall have been executed by Holdings, the Borrower and the Administrative Agent, the Loan Parties have executed and delivered the Collateral Documents Agent and when the Administrative Agent shall have been notified by each Lender and Issuer that such Lender or Issuer has executed a Lender Consent and thereafter shall be binding upon and inure to the benefit of Holdings, the Borrower, the Administrative Agent and each Lender and Issuer and, in each case, their respective successors and assigns; provided, however, that neither Holdings nor the Borrower shall not have the right to assign its their respective rights hereunder or any interest herein without the prior written consent of the Lenders.

Appears in 1 contract

Samples: Credit Agreement (Johnsondiversey Holdings Inc)

Amendment and Restatement; Binding Effect. (a) This Agreement shall become effective when on the Effective Date after it shall have been executed by the Company, each Borrower and the Administrative Agent, the Loan Parties have executed Agent and delivered the Collateral Documents and when after the Administrative Agent shall have been notified by each Lender and Issuer that such Lender or Issuer has executed a Lender Consent it and thereafter shall be binding upon and inure to the benefit of the Borrower, the Administrative Agent and each Lender and Issuer and, in each case, their respective successors and assigns; provided, however, that neither the Company nor any Borrower shall not have the right to assign its respective rights hereunder or any interest herein without the prior written consent of the Lenders.

Appears in 1 contract

Samples: Credit Agreement (Suntron Corp)

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Amendment and Restatement; Binding Effect. (a) This Agreement shall become effective when it shall have been executed by the Borrower Borrower, each Administrative Agent and the Administrative Collateral Agent, the Loan Parties have executed and delivered the Collateral Documents and when the Administrative Agent Agents shall have been notified by each applicable Lender and and, in the case of the First Lien Agent, each Issuer that such Lender or Issuer has executed a Lender Consent it and thereafter shall be binding upon and inure to the benefit of the Borrower, the Administrative each Agent and each Lender and Issuer and, in each case, their respective successors and assigns; provided, however, that the Borrower shall not have the right to assign its respective rights hereunder or any interest herein without the prior written consent of the Lenders.

Appears in 1 contract

Samples: Credit Agreement (Hli Operating Co Inc)

Amendment and Restatement; Binding Effect. (a) This Agreement shall become effective when on the Effective Date after it shall have been executed by the Company, each Borrower and the Administrative Agent, the Loan Parties have executed Agent and delivered the Collateral Documents and when after the Administrative Agent shall have been notified by each Lender and Issuer that such Lender or Issuer has executed a Lender Consent it and thereafter shall be binding upon and inure to the benefit of the Company, each Borrower, the Administrative Agent and each Lender and Issuer and, in each case, their respective successors and assigns; provided, however, that neither the Company nor any Borrower shall not have the right to assign its respective rights hereunder or any interest herein without the prior written consent of the Lenders.

Appears in 1 contract

Samples: Credit Agreement (Suntron Corp)

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