Amendment; Successors and Assigns. This Note may not be modified or amended, nor may any rights hereunder be waived, except in a writing signed by the party against whom enforcement of the modification, amendment or waiver is sought. This Note shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and assigns. The Company's obligations under this Note may not be assigned or transferred by the Company without the prior written consent of the registered Holder hereof or thereof, except in connection with a merger permitted by Section 2.2. This Note may not be assigned by the initial Holder prior to termination of the Operating Agreement.
Appears in 3 contracts
Samples: Subordination Agreement (Right Start Inc /Ca), Subordination Agreement (Right Start Inc /Ca), Subordination Agreement (Right Start Inc /Ca)
Amendment; Successors and Assigns. This Note may not be modified or amended, nor may any rights hereunder be waived, except in a writing signed by the party against whom enforcement of the modification, amendment or waiver is sought. This Note shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and assigns. The Company's obligations under this Note may not be assigned or transferred by the Company without the prior written consent of the registered Holder hereof or thereof, except in connection with a merger permitted by Section 2.2. This Note may not be assigned by the initial Holder prior to termination of the Operating Agreement.
Appears in 2 contracts
Samples: Subordination Agreement (Fao Inc), Subordination Agreement (Fao Inc)