Common use of Assignments by the Borrower Clause in Contracts

Assignments by the Borrower. The rights of the Borrower hereunder are declared to be purely personal and may therefore not be assigned or transferred, nor can the Borrower assign or transfer any of its obligations, any such assignment being null and void insofar as the Lender is concerned and rendering any balance then outstanding of the Principal at Maturity immediately due and payable at the option of the Lender.

Assignments by the Borrower. The rights of the Borrower hereunder are declared to be purely personal and may therefore not be assigned or transferred, nor can the Borrower assign or transfer any of its obligations, any such assignment being null and void insofar as the Lender is concerned and rendering rending any balance then outstanding of the Principal at Maturity amounts referred to in subsection 13.2.1 immediately due and payable at the option of the LenderLender and relieving the Lender from the obligation of making any or any further Advances hereunder.

Assignments by the Borrower. The rights of the Borrower hereunder are declared to be purely personal and may therefore not be assigned or transferred, nor can the Borrower assign or transfer any of its obligations, any such assignment being null and void insofar as the Lender is Finance Parties are concerned and rendering any balance then outstanding of the Principal at Maturity Loans immediately due and payable at the option of the LenderAdministrative Agent and relieving the Lenders from the obligation of making any or any further Advances hereunder.

Assignments by the Borrower. The rights of the Borrower hereunder are declared to be purely personal and may therefore not be assigned or transferred, nor can the Borrower assign or transfer any of its obligations, any such assignment being null and void insofar as the Lender is Lenders are concerned and rendering any balance then outstanding of the Principal at Maturity Loans immediately due and payable at the option of the LenderLenders, and relieving the Lenders from the obligation of making any or any further advances hereunder.

Assignments by the Borrower. The rights of the Borrower hereunder are declared to be purely personal and may therefore not be assigned or transferred, nor can the Borrower assign or transfer any of its obligations, any such assignment being null and void insofar as the Lender is concerned and rendering any balance then outstanding of the Principal at Maturity Loan immediately due and payable at the option of the LenderLender and relieving the Lender from the obligation of making any or any further Advances hereunder.

Assignments by the Borrower. The rights of the Borrower hereunder are declared to be purely personal and may therefore not be assigned or transferred, nor can the Borrower assign or transfer any of its obligations, any such assignment being null and void insofar as the Lender is Lenders are concerned and rendering any balance then outstanding of the Principal at Maturity Revolving Loans immediately due and payable at the option of the LenderLenders, and relieving the Lenders from the obligation of making any or any further advances hereunder.

Assignments by the Borrower. The rights of the Borrower hereunder are declared to be purely personal and may therefore not be assigned or transferred, nor can the Borrower assign or transfer any of its obligations, any such assignment being null and void insofar as the Lender is concerned and rendering any balance then outstanding of the Principal at Maturity Loan immediately due and payable at the option of the Lender.

Assignments by the Borrower. The rights of the Borrower hereunder are declared to be purely personal and may therefore not be assigned or transferred, nor can the Borrower assign or transfer any of its obligations, any such assignment being null and void insofar as the Lender is Lenders are concerned and rendering any balance then outstanding of the Principal at Maturity Loans immediately due and payable at the option of the LenderAgent, acting in accordance with the instructions of the Majority Lenders, and relieving the Lenders from the obligation of making any or any further Advances hereunder.