Common use of Binding Effect; Acceptance Clause in Contracts

Binding Effect; Acceptance. This Agreement shall be binding upon the Manager and its successors and assigns and shall inure to the benefit of the Lender and its respective successors and assigns irrespective of whether this or any similar agreement is executed by any other creditor of the Loan Parties. Notice of acceptance by the Lender of this Agreement or of reliance by the Lender upon this Agreement is hereby waived by the Manager.

Appears in 4 contracts

Samples: Management Fee Subordination Agreement (1847 Goedeker Inc.), Management Fee Subordination Agreement (1847 Goedeker Inc.), Management Fee Subordination Agreement (1847 Holdings LLC)

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