Common use of Benefit and Assignment Clause in Contracts

Benefit and Assignment. This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and permitted assigns. The Borrower may not voluntarily or involuntarily assign its interest under this Agreement without the prior written consent of the Lender. All covenants, agreements, statements, representations, warranties and indemnities in this Agreement by and on behalf of any of the parties hereto shall bind and inure to the benefit of their respective successors and permitted assigns of the parties hereto.

Benefit and Assignment. This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and permitted assigns. The Borrower Neither Borrower, nor Guarantor may not voluntarily assign any of its rights or involuntarily assign its interest duties under this Agreement without the prior written consent of the Lender. All covenantsThe Lender may sell, agreementsassign, statementstransfer or convey, representations, warranties and indemnities in this Agreement by and on behalf of all or any portion of the parties hereto shall bind and inure Loan by participation or otheiwise, without notice to the benefit of their respective successors and permitted assigns of the parties heretoBorrower or Guarantor.