Common use of Binding Effect; Acceptance Clause in Contracts

Binding Effect; Acceptance. This Agreement shall be binding upon the Parties and their respective heirs, legal representatives, successors and assigns and shall inure to the benefit of the Parties and their respective participants, successors and assigns irrespective of whether this or any similar agreement is executed by any other creditor of the Borrower. Notice of acceptance of this Agreement or of reliance upon this Agreement is hereby waived by each of the Parties.

Appears in 6 contracts

Samples: Subordination Agreement (RiceBran Technologies), Subordination Agreement (RiceBran Technologies), Senior Secured Revolving Credit Facility Agreement (RiceBran Technologies)

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Binding Effect; Acceptance. This Agreement shall be binding upon the Parties parties hereto and their respective heirs, legal representatives, successors and assigns and shall inure to the benefit of the Parties each party hereto and their respective its participants, successors and assigns irrespective of whether this or any similar agreement is executed by any other creditor Subordinated Creditor of the Borrower. Notice of acceptance of this Agreement or of reliance upon this Agreement is hereby waived by each of the Parties.

Appears in 3 contracts

Samples: Subordination Agreement (Royal Precision Inc), Subordination Agreement (Royal Precision Inc), Subordination Agreement (Royal Precision Inc)

Binding Effect; Acceptance. This Agreement shall be binding upon the Parties parties and their respective heirs, legal representatives, successors and assigns and shall inure to the benefit of the Parties and their respective participants, successors and assigns irrespective of whether this or any similar agreement is executed by any other creditor of the Borrowerassigns. Notice of acceptance of by any party to this Agreement or of reliance by such party upon this Agreement is hereby waived by each of the Partieswaived.

Appears in 1 contract

Samples: Intercreditor Agreement (Nedak Ethanol, LLC)

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Binding Effect; Acceptance. This Agreement shall be binding upon the Parties each party and their respective its heirs, legal representatives, successors and assigns and shall inure to the benefit of the Parties that party and their respective its participants, successors and assigns irrespective of whether this or any similar agreement is executed by any other creditor of the Borrower. Notice of acceptance of this Agreement or of reliance upon this Agreement is hereby waived by each of the Parties.

Appears in 1 contract

Samples: Remittance and Intercreditor Agreement (San Holdings Inc)

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