Common use of Benefit of Agreement and Assignment Clause in Contracts

Benefit of Agreement and Assignment. (a) the provisions of this Agreement shall be binding upon and inure to the benefit of the respective successors, assigns, heirs, beneficiaries and representatives of Borrower and Lender; provided, however, that Borrower may not assign or transfer any of its rights under this Agreement without the prior written consent of Lender, and any prohibited assignment shall be void. (b) No consent by Lender to any assignment shall release Borrower from its liability for the Obligations. Lender may assign its rights and delegate its duties hereunder without the consent of Borrower. (c) Lender reserves the right to syndicate all or a portion of the transaction created herein or sell, assign, transfer, negotiate, or grant participations in all or any part of, or any interest in Lender’s rights and benefits hereunder. In connection with any such syndication, assignment or participation, Lender may disclose all documents and information which Lender now or hereafter may have relating to Borrower or Borrower’s business. To the extent that Lender assigns its rights and obligations hereunder to a third Person, Lender thereafter shall be released from such assigned obligations to Borrower.

Benefit of Agreement and Assignment. (a) the The provisions of this Agreement shall be binding upon and inure to the benefit of the respective successors, assigns, heirs, beneficiaries and representatives of Borrower Bxxxxxxx and LenderLxxxxx; provided, however, that Borrower may not assign or transfer any of its rights under this Agreement without the prior written consent of Lender, and any prohibited assignment shall be void. (ba) No consent by Lender Lxxxxx to any assignment shall release Borrower from its liability for the Obligations. Lender Lxxxxx may assign its rights and delegate its their duties hereunder without the consent of BorrowerBxxxxxxx. (cb) Lender reserves the right to syndicate all or a portion of the transaction created herein or sell, assign, transfer, negotiate, or grant participations in all or any part of, or any interest in LenderLxxxxx’s rights and benefits hereunder. In connection with any such syndication, assignment or participation, Lender may disclose all documents and information which Lender now or hereafter may have relating to Borrower or Borrower’s business. Any such syndication by Lender shall not require the consent of the Borrower or any other Lender. To the extent that Lender Lxxxxx assigns its rights and obligations hereunder to a third Person, Lender Lxxxxx thereafter shall be released from such assigned obligations to Borrower.

Benefit of Agreement and Assignment. (a) the The provisions of this Agreement shall be binding upon and inure to the benefit of the respective successors, assigns, heirs, beneficiaries and representatives of Borrower Bxxxxxxx and LenderLxxxxx; provided, however, that Borrower may not assign or transfer any of its rights under this Agreement without the prior written consent of Lender, and any prohibited assignment shall be void. (b) No consent by Lender Lxxxxx to any assignment shall release Borrower from its liability for the Obligations. Lender Lxxxxx may assign its rights and delegate its their duties hereunder without the consent of BorrowerBxxxxxxx. (c) Lender reserves the right to syndicate all or a portion of the transaction created herein or sell, assign, transfer, negotiatenegotiate , or grant participations in all or any part of, or any interest in LenderLxxxxx’s rights and benefits hereunder. In connection with any such syndication, assignment or participation, Lender may disclose all documents and information which Lender now or hereafter may have relating to Borrower or Borrower’s business. Any such syndication by Lender shall not require the consent of the Borrower or any other Lender. To the extent that Lender Lxxxxx assigns its rights and obligations hereunder to a third Person, Lender Lxxxxx thereafter shall be released from such assigned obligations to Borrower.