Common use of Assignment; Agreement Binding on Successors and Assigns Clause in Contracts

Assignment; Agreement Binding on Successors and Assigns. As long as this Agreement remains in effect, Administrative Agent, Lender Parties and Secured Swap Counterparties will not sell, assign or otherwise transfer all or any part of the Credit Obligations or the Swap Obligations, as the case may be, unless such sale, assignment or transfer is made expressly subject to the terms and conditions of this Agreement and, in the case of an assignment or novation of Swap Obligations or assignment of Administrative Agent’s or Administrative Agent’s Rights, the assignee or new party has executed a Joinder Agreement in compliance herewith. In connection with any Refinancing of the Credit Agreement where the administrative agent is no longer Administrative Agent named herein (or an Affiliate thereof) then the new administrative agent shall execute and deliver to Administrative Agent a Joinder Supplement in connection therewith. This Agreement shall inure to the benefit of, and shall be binding upon and enforceable against, Credit Parties, Administrative Agent, each Lender Party and each Secured Swap Counterparty and their respective successors and permitted assigns.

Assignment; Agreement Binding on Successors and Assigns. As long as this Agreement remains in effect, Administrative Collateral Agent, Lender Parties and Secured Swap Counterparties will not sell, assign or otherwise transfer all or any part of the Credit Obligations or the Swap Obligations, as the case may be, unless such sale, assignment or transfer is made expressly subject to the terms and conditions of this Agreement and, in the case of an assignment or novation of Swap Obligations or assignment of Administrative Collateral Agent’s or Administrative Collateral Agent’s Rights, the assignee or new party has executed a Joinder Agreement in compliance herewith. In connection with any Refinancing of the Credit Agreement where the administrative agent Collateral Agent is no longer Administrative Collateral Agent named herein (or an Affiliate thereof) then the new administrative agent Collateral Agent shall execute and deliver to Administrative Collateral Agent a Joinder Supplement in connection therewith. This Agreement shall inure to the benefit of, and shall be binding upon and enforceable against, Credit Parties, Administrative Collateral Agent, each Lender Party and each Secured Swap Counterparty and their respective successors and permitted assigns.