BENEFIT OF ASSIGNMENT Sample Clauses

BENEFIT OF ASSIGNMENT. (1) This Assignment shall be binding upon and enure to the benefit of the Mortgagor and the Mortgagee and the successors in title of the Mortgagor and the Mortgagee and assigns of the Mortgagee. All undertakings, agreements, representations and warranties given, made or entered into by the Mortgagor under this Assignment shall survive the making of any assignments hereunder.
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BENEFIT OF ASSIGNMENT. The Borrower may not assign its rights or obligations hereunder. The Lender may at any time upon written notice to the Borrower assign all or any part of its rights or obligations under this agreement to whomsoever the Lender wishes
BENEFIT OF ASSIGNMENT. This Assignment shall be binding upon and enure to the benefit of each party hereto and its successors and permitted assigns (as provided in this Clause 15). The Assignor may not assign or transfer all or any of its rights, benefits and/or obligations under this Assignment. The Security Trustee may assign or transfer all or any of its rights, benefits and/or obligations under this Assignment.
BENEFIT OF ASSIGNMENT. 4.1 The Subcontractor shall not assign or transfer any of its rights or obligations under this deed or the Subcontract. The parties acknowledge that the Subcontractor can subcontract the Subcontract Works in accordance with the terms of the Subcontract.
BENEFIT OF ASSIGNMENT. This assignment and the rights hereunder shall inure to the benefit of the Administrative Agent, the Banks and the Managing Agents, and may be assigned in whole or in part by the Administrative Agent, the Banks and the Managing Agents in connection with any assignment of the Loan Agreement or the Indebtedness evidenced thereby, as is permitted thereunder, and shall be binding upon each Partner and its respective successors and assigns.
BENEFIT OF ASSIGNMENT. This Agreement shall inure to the benefit ----------------------- of the parties hereto and their respective successors and assigns, except that the Borrower may not assign or transfer any of its rights or obligations hereunder without the consent of the Lender.
BENEFIT OF ASSIGNMENT. 8.1 This Assignment shall be binding upon and enure to the benefit of each Assignee and its successor(s) and assign(s) including any transferee from it.
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Related to BENEFIT OF ASSIGNMENT

  • Effect of Assignment Subject to the terms and conditions of this Section 9.6, as of the “Effective Date” specified in the applicable Assignment Agreement: (i) the assignee thereunder shall have the rights and obligations of a “Lender” hereunder to the extent such rights and obligations hereunder have been assigned to it pursuant to such Assignment Agreement and shall thereafter be a party hereto and a “Lender” for all purposes hereof; (ii) the assigning Lender thereunder shall, to the extent that rights and obligations hereunder have been assigned thereby pursuant to such Assignment Agreement, relinquish its rights (other than any rights which survive the termination hereof under Section 9.8) and be released from its obligations hereunder (and, in the case of an Assignment Agreement covering all or the remaining portion of an assigning Lender’s rights and obligations hereunder, such Lender shall cease to be a party hereto; provided, anything contained in any of the Credit Documents to the contrary notwithstanding, such assigning Lender shall continue to be entitled to the benefit of all indemnities hereunder as specified herein with respect to matters arising prior to the effective date of such assignment; (iii) the Revolving Commitments shall be modified to reflect the Revolving Commitment of such assignee and any Revolving Commitment of such assigning Lender, if any; and (iv) if any such assignment occurs after the issuance of any Revolving Note hereunder, the assigning Lender shall, upon the effectiveness of such assignment or as promptly thereafter as practicable, surrender its applicable Revolving Loan Notes to Administrative Agent for cancellation, and thereupon Company shall issue and deliver new Revolving Loan Notes, if so requested by the assignee and/or assigning Lender, to such assignee and/or to such assigning Lender, with appropriate insertions, to reflect the new Revolving Commitments and/or outstanding Revolving Loans of the assignee and/or the assigning Lender.

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