Common use of Binding Effect and Assignment Clause in Contracts

Binding Effect and Assignment. This Agreement (i) creates a continuing security interest in the Collateral, (ii) shall be binding on Debtor and the heirs, executors, administrators, personal representatives, successors and assigns of Debtor, and (iii) shall inure to the benefit of Secured Party and its successors and assigns. Without limiting the generality of the foregoing, Secured Party may pledge, assign or otherwise transfer the Indebtedness and its rights under this Agreement and any of the other Loan Documents to any other party. Debtor's rights and obligations hereunder may not be assigned or otherwise transferred without the prior written consent of Secured Party.

Appears in 13 contracts

Samples: Credit and Security Agreement (Isecuretrac Corp), Security Agreement (Temtex Industries Inc), Advancing Term Credit Agreement (San Juan Partners LLC)

AutoNDA by SimpleDocs

Binding Effect and Assignment. This Agreement (i) creates a continuing security interest in the Collateral, (ii) shall be binding on Debtor and the heirs, executors, administrators, personal representatives, successors and assigns of Debtor, and (iii) shall inure to the benefit of Secured Party and its successors and assigns. Without limiting the generality of the foregoing, Secured Party may pledge, assign or otherwise transfer the Indebtedness and its rights under this Agreement and any of the other Loan Documents to any other party. Debtor's ’s rights and obligations hereunder may not be assigned or otherwise transferred without the prior written consent of Secured Party.

Appears in 8 contracts

Samples: Security Agreement (Us Home Systems Inc), Security Agreement (Us Home Systems Inc), Pledge and Security Agreement (Equus Ii Inc)

Binding Effect and Assignment. This Agreement (i) creates a continuing security interest in the Collateral, Collateral and (iia) shall be binding on Debtor and the heirs, executors, administrators, personal representatives, its successors and permitted assigns of Debtor, and (iiib) shall inure inure, together with all rights and remedies of Secured Party hereunder, to the benefit of Secured Party and its successors Lenders and their respective successors, transferees and assigns. Without limiting the generality None of the foregoing, Secured Party may pledge, assign rights or otherwise transfer the Indebtedness and its rights under this Agreement and any obligations of the other Loan Documents to any other party. Debtor's rights and obligations Debtor hereunder may not be assigned or otherwise transferred without the prior written consent of Secured Party.

Appears in 2 contracts

Samples: Security Agreement (3dfx Interactive Inc), Credit Agreement (E-Dentist Com Inc)

Binding Effect and Assignment. This Agreement (i) creates a continuing security interest in the Collateral, (ii) shall be binding on Debtor and the heirs, executors, administrators, personal representatives, successors and assigns of Debtor, and (iii) shall inure to the benefit of Secured Party and its successors and assigns. Without limiting the generality of the foregoing, Secured Party may pledge, assign or otherwise transfer the Indebtedness and its rights under this Agreement and any of the other Loan Financing Documents to any other party. Debtor's rights and obligations hereunder may not be assigned or otherwise transferred without the prior written consent of Secured Party.

Appears in 2 contracts

Samples: Note Purchase Agreement (Obsidian Enterprises Inc), Security Agreement (Karts International Inc)

Binding Effect and Assignment. This Agreement (i) creates a ----------------------------- continuing security interest in the Collateral, (ii) shall be binding on Debtor and the heirs, executors, administrators, personal representatives, successors and assigns of Debtor, and (iii) shall inure to the benefit of Secured Party and its successors and assigns. Without limiting the generality of the foregoing, Secured Party may pledge, assign or otherwise transfer the Indebtedness and its rights under this Agreement and any of the other Loan Documents to any other party. Debtor's rights and obligations hereunder may not be assigned or otherwise transferred without the prior written consent of Secured Party.

Appears in 1 contract

Samples: Credit Agreement (Data Return Corp)

Binding Effect and Assignment. This Agreement (i) creates a continuing security interest in the Collateral, (ii) shall be binding on Debtor Borrower and the heirs, executors, administrators, personal representatives, successors and assigns of DebtorBorrower, and (iii) shall inure to the benefit of Secured Party and its successors and assigns. Without limiting the generality of the foregoing, Secured Party may pledge, assign or otherwise transfer the Indebtedness and its rights under this Agreement and any of the other Loan Documents to any other party. DebtorBorrower's rights and obligations hereunder may not be assigned or otherwise transferred without the prior written consent of Secured Party.

Appears in 1 contract

Samples: Security Agreement (Canmax Inc /Wy/)

Binding Effect and Assignment. This Agreement (i) creates a continuing security interest in the Collateral, (ii) shall be binding on Debtor and the heirs, executors, administrators, personal representatives, successors and assigns of Debtor, and (iii) shall inure to the benefit of Secured Party and its successors and assigns. Without limiting the generality of the foregoing, Secured Party may pledge, assign or otherwise transfer the Indebtedness and its rights under this Agreement and any of the other Loan Transaction Documents to any other party. Debtor's ’s rights and obligations hereunder may not be assigned or otherwise transferred without the prior written consent of Secured Party.

Appears in 1 contract

Samples: Security Agreement (Edible Garden AG Inc)

Binding Effect and Assignment. This Agreement (i) creates a continuing security interest in the Collateral, (ii) shall be binding on Debtor and the heirs, executors, administrators, personal representatives, successors and assigns of Debtor, and (iii) shall inure to the benefit of Secured Party and its successors and assigns. Without limiting the generality of the foregoing, Secured Party may pledge, assign or otherwise transfer the Indebtedness and its rights under this Agreement and any of the other Loan Documents to any other partyparty in accordance with the Loan Agreement. Debtor's rights and obligations hereunder may not be assigned or otherwise transferred without the prior written consent of Secured Party.

Appears in 1 contract

Samples: Security Agreement (Ascendant Solutions Inc)

AutoNDA by SimpleDocs

Binding Effect and Assignment. This Agreement (i) creates a continuing security interest in the Collateral, (ii) shall be binding on Debtor and the heirs, executors, administrators, personal representatives, successors and assigns of Debtor, and (iii) shall inure to the benefit of Secured Party and its successors and assigns. Without limiting the generality of the foregoing, Secured Party may pledge, assign or otherwise transfer the Indebtedness and its rights under this Agreement and any of the other Loan Documents to any other party. Debtor's rights and obligations hereunder may not be assigned or otherwise transferred without the prior written consent of Secured Party.

Appears in 1 contract

Samples: Security Agreement (Global Casinos Inc)

Binding Effect and Assignment. This Agreement Collateral Assignment (i) creates a continuing security interest in the Collateral, (ii) shall be binding on Debtor and the heirs, executors, administrators, personal representatives, successors and assigns of Debtor, and (iii) shall inure to the benefit of Secured Party and its successors and assigns. Without limiting the generality of the foregoing, Secured Party may pledge, assign or otherwise transfer the Indebtedness Obligations and its rights under this Agreement Collateral Assignment and any of the other Loan Documents to any other party. Debtor's rights and obligations hereunder may not be assigned or otherwise transferred without the prior written consent of Secured Party.

Appears in 1 contract

Samples: Collateral Assignment of Note and Liens (Moody National REIT I, Inc.)

Binding Effect and Assignment. This Agreement (i) creates a continuing security interest in the Collateral, (ii) shall be binding on Debtor and the heirs, executors, administrators, personal representatives, successors and assigns of Debtor, and (iii) shall inure to the benefit of Secured Party and its successors and assigns. Without limiting the generality of the foregoing, Secured Party may pledge, assign or otherwise transfer the Indebtedness and its rights under this Agreement and any of the other Loan Financing Documents to any other party. DebtorXxxxxx's rights and obligations hereunder may not be assigned or otherwise transferred without the prior written consent of Secured Party.

Appears in 1 contract

Samples: Guaranty (Red Oak Hereford Farms Inc)

Binding Effect and Assignment. This Agreement (i) creates a continuing ----------------------------- security interest in the Collateral, (ii) shall be binding on Debtor and the heirs, executors, administrators, personal representatives, successors and assigns of Debtor, and (iii) shall inure to the benefit of Secured Party and its successors and assigns. Without limiting the generality of the foregoing, Secured Party may pledge, assign or otherwise transfer the Indebtedness indebtedness and its rights under this Agreement and any of the other Loan Documents to any other party. Debtor's rights and obligations hereunder may not be assigned or otherwise transferred without the prior written consent of Secured Party.

Appears in 1 contract

Samples: Security Agreement (Us Home Systems Inc /Tx)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!