Common use of Assignments; Third-Party Rights Clause in Contracts

Assignments; Third-Party Rights. Borrower shall not assign this Agreement, or delegate any of its obligations hereunder, without the prior written consent of Lender. Lender may assign its rights and obligations under this Agreement separately or together, without Borrower’s consent, only to Xxxxxx Xxx or other entity if such assignment is made with the intent that such entity will further assign rights and obligations to Xxxxxx Mae, but may not delegate its obligations under this Agreement unless it first receives Xxxxxx Mae’s written approval. Upon assignment to Xxxxxx Mae, Xxxxxx Xxx shall be permitted to further assign its rights and obligations under this Agreement.

Appears in 3 contracts

Samples: Master Credit Facility Agreement (Colonial Properties Trust), Master Credit Facility Agreement (Bre Properties Inc /Md/), Master Credit Facility Agreement (Colonial Realty Limited Partnership)

AutoNDA by SimpleDocs

Assignments; Third-Party Rights. No Borrower shall not assign this Agreement, or delegate any of its obligations hereunder, without the prior written consent of Lender. Lender may assign its rights and obligations under this Agreement separately or together, without Borrower’s consent, only to Xxxxxx Xxx or other entity if such assignment is made with the intent that such entity will further assign rights and obligations to Xxxxxx Mae, but may not delegate its obligations under this Agreement unless it first receives Xxxxxx Mae’s written approval. Lender shall first assign its rights under this Agreement separately or together, without Borrower’s consent, to Xxxxxx Xxx. Upon assignment to Xxxxxx Mae, Xxxxxx Xxx shall be permitted to further assign its rights and obligations under this Agreement subject to Section 9.08 of this Agreement.

Appears in 2 contracts

Samples: Master Credit Facility Agreement (Camden Property Trust), Master Credit Facility Agreement (Camden Property Trust)

Assignments; Third-Party Rights. No Borrower shall not assign this Agreement, or delegate any of its obligations hereunder, without the prior written consent of Lender. Lender may assign its rights and and/or obligations under this Agreement separately or together, without Borrower’s consent, only to Xxxxxx Xxx or other entity if such assignment is made with the intent that such entity will further assign rights and obligations to Xxxxxx Mae, but may not delegate its obligations under this Agreement unless it first receives Xxxxxx Mae’s written approval. Lender shall first assign its rights and/or obligations under this Agreement separately or together, without Borrower’s consent, to Xxxxxx Xxx. Upon assignment to Xxxxxx Mae, Xxxxxx Xxx shall be permitted to further assign its rights and and/or obligations under this Agreement subject to Section 9.08 of this Agreement.

Appears in 2 contracts

Samples: Master Credit Facility Agreement (Camden Property Trust), Master Credit Facility Agreement (Camden Property Trust)

Assignments; Third-Party Rights. No Borrower shall not assign this Agreement, or delegate any of its obligations hereunder, without the prior written consent of Lender. Lender may assign its rights and obligations under this Agreement separately or together, without Borrower’s consent, only to Xxxxxx Xxx Fxxxxx Mae or other entity if such assignment is made with the intent that such entity will further assign such rights and obligations to Xxxxxx MaeFxxxxx Mxx, but may not delegate its obligations under this Agreement unless it first receives Xxxxxx Fxxxxx Mae’s written approval. Upon assignment to Xxxxxx MaeFxxxxx Mxx, Xxxxxx Xxx Fxxxxx Mxx shall be permitted to further assign its rights and obligations under this Agreement.

Appears in 1 contract

Samples: Master Credit Facility Agreement (Emeritus Corp\wa\)

AutoNDA by SimpleDocs

Assignments; Third-Party Rights. No Borrower shall not assign this Agreement, or delegate any of its obligations hereunder, without the prior written consent of Lender. Lender may assign its rights and obligations under this Agreement separately or together, without Borrower’s consent, only to Xxxxxx Xxx Mae or other entity if such assignment is made with the intent that such entity will further assign such rights and obligations to Xxxxxx MaeXxx, but may not delegate its obligations under this Agreement unless it first receives Xxxxxx Mae’s written approval. Upon assignment to Xxxxxx MaeXxx, Xxxxxx Xxx shall be permitted to further assign its rights and obligations under this Agreement.

Appears in 1 contract

Samples: Master Credit Facility Agreement (Archstone Smith Operating Trust)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!