Common use of Assignments and Participations Binding Effect Clause in Contracts

Assignments and Participations Binding Effect. (a) This Agreement shall become effective when it shall have been executed by the Administrative Agent, the Lenders party hereto, and Borrower. Thereafter, it shall be binding upon and inure to the benefit of Borrower (except for Article 11), the Administrative Agent, each Lender and, to the extent provided in Section 12.4, each other Indemnitee and Secured Party and, in each case, their respective successors and permitted assigns. Except as expressly provided in any Loan Document or the Environmental Indemnity Agreement none of Borrower, the Master Tenant, or the Administrative Agent shall have the right to assign any rights or obligations hereunder or any interest herein.

Assignments and Participations Binding Effect. (a) This Agreement shall become effective when it shall have been executed by the Administrative Agent, the Lenders party hereto, and BorrowerXxxxxxxx. Thereafter, it shall be binding upon and inure to the benefit of Borrower (except for Article 11), the Administrative Agent, each Lender and, to the extent provided in Section 12.4, each other Indemnitee and Secured Party and, in each case, their respective successors and permitted assigns. Except as expressly provided in any Loan Document or the Environmental Indemnity Agreement none of Borrower, the Master Tenant, or the Administrative Agent shall have the right to assign any rights or obligations hereunder or any interest herein.

Assignments and Participations Binding Effect. (a) This Agreement shall become effective when it shall have been executed by the Administrative Agent, the Lenders party hereto, Borrower and BorrowerOperating Tenant. Thereafter, it shall be binding upon and inure to the benefit of Borrower (except for Article 11), the Administrative Agent, each Lender and, to the extent provided in Section 12.4, each other Indemnitee and Secured Party and, in each case, their respective successors and permitted assigns. Except as expressly provided in any Loan Document or the Environmental Indemnity Agreement none of Borrower, the Master Tenant, Operating Tenant or the Administrative Agent shall have the right to assign any rights or obligations hereunder or any interest herein.

Assignments and Participations Binding Effect. (a) This Agreement shall become effective when it shall have been executed by the Administrative Agent, the Lenders party hereto, and Borrowerthe Borrowers. Thereafter, it shall be binding upon and inure to the benefit of Borrower the Borrowers (except for Article 11), the Administrative Agent, each Lender and, to the extent provided in Section 12.4, each other Indemnitee and Secured Party and, in each case, their respective successors and permitted assigns. Except as expressly provided in any Loan Document or the Environmental Indemnity Agreement none of Borrower, the Master Tenant, Borrowers or the Administrative Agent shall have the right to assign any rights or obligations hereunder or any interest herein.