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 Pledgor and the heirs, executors, administrators, personal representatives, successors and assigns of Pledgor, 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. Pledgor's rights and obligations hereunder may not be assigned or otherwise transferred without the prior written consent of Secured Party.

Binding Effect and Assignment. This Agreement (i) creates a continuing security interest in the Collateral, (ii) shall be binding on Pledgor and the heirs, executors, administrators, personal representatives, successors and assigns of Pledgor, 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, subject to any rights of Pledgor hereunder. Pledgor's rights and obligations hereunder may not be assigned or otherwise transferred without the prior written consent of Secured Party.

Binding Effect and Assignment. This Agreement (i) creates a continuing security interest in the Collateral, (ii) shall be binding on each Pledgor and the heirs, executors, administrators, personal representatives, its successors and assigns of Pledgorassigns, 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 No party. Pledgor's ’s rights and obligations hereunder may not be assigned or otherwise transferred without the prior written consent of the other party, except that Secured Party’s rights under the Agreement may be assigned to any person to whom the Indebtedness is validly assigned in accordance with the Loan Documents.

Binding Effect and Assignment. This Agreement (i) creates a continuing security interest in the Collateral, (ii) shall be binding on Pledgor and the heirs, executors, administrators, personal representatives, successors and assigns of Pledgor, and (iii) shall inure to the benefit of Secured Party Lender and its successors and assigns. Without limiting the generality of the foregoing, Secured Party Lender 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. Pledgor's ’s rights and obligations hereunder may not be assigned or otherwise transferred without the prior written consent of Secured PartyLender.

Binding Effect and Assignment. This Agreement (i) creates a continuing security interest in the Collateral, (ii) shall be binding on Pledgor and the heirs, executors, administrators, personal representatives, successors and assigns of Pledgor, 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. Pledgor's rights and obligations hereunder may not be assigned or otherwise transferred without the prior written consent of Secured Party.

Binding Effect and Assignment. This Agreement (i) creates a continuing security interest in the CollateralCollateral and the terms, provisions, covenants and conditions hereof, (ii) shall be binding on upon Pledgor and the heirs, executors, administrators, personal representatives, successors and permitted assigns of Pledgor, Pledgor and (iii) shall inure to the benefit of Secured Party and its all successors and assignspermitted assignees of Secured Party. Without limiting the generality of the foregoingforgoing, 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 without the Pledgor’s prior written consent. Pledgor's ’s rights and obligations hereunder may not be assigned or otherwise transferred without the prior written consent of Secured Party.

Binding Effect and Assignment. This Agreement (i) creates a ----------------------------- continuing security interest in the Collateral, (ii) shall be binding on Pledgor and the heirs, executors, administrators, personal representatives, successors and assigns of Pledgor, 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. Pledgor's rights and obligations hereunder may not be assigned or otherwise transferred without the prior written consent of Secured Party.

Binding Effect and Assignment. This Agreement (i) creates a continuing security interest in the Collateral, (ii) shall be binding on Pledgor and the heirs, executors, administrators, personal representatives, successors and assigns of Pledgor, 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. Pledgor's rights and obligations hereunder may not be assigned or otherwise transferred without the prior written consent of Secured Party.

Binding Effect and Assignment. This Agreement (i) creates a continuing security interest in the Collateral, (ii) shall be binding on Pledgor and the heirs, executors, administrators, personal representatives, successors and assigns of Pledgor, Pledgor and (iii) shall inure to the benefit of Secured Party and its the heirs, executors, administrators, personal representatives, successors and assignsassigns of Secured Party. 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 Guaranty Documents to any other party. Pledgor's rights and obligations hereunder may not be assigned or otherwise transferred without the prior written consent of Secured Party.

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

Binding Effect and Assignment. This Agreement (i) creates a continuing security interest in the Collateral, (ii) shall be binding on Pledgor and the heirs, executors, administrators, personal representatives, successors and -17- assigns of Pledgor, 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. Pledgor's rights and obligations hereunder may not be assigned or otherwise transferred without the prior written consent of Secured Party.

Binding Effect and Assignment. This Agreement (i) creates a continuing security interest in the die Collateral, (ii) shall be binding on Pledgor and the heirs, executors, administrators, personal representatives, successors and assigns of Pledgor, 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. Pledgor's rights and obligations hereunder may not be assigned or otherwise transferred without the prior written consent of Secured Party.

Binding Effect and Assignment. This Agreement (i) creates a continuing security interest in the Collateral, (ii) shall be binding on Pledgor and the heirs, executors, administrators, personal representatives, successors and assigns of Pledgor, 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. Pledgor's rights and obligations hereunder may not be assigned or otherwise transferred without the prior written consent of Secured Party.. 67233.2 [August 9, 2001]

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

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

Binding Effect and Assignment. This Agreement (i) creates a continuing security interest in the Collateral, (ii) shall be binding on Pledgor and the heirs, executors, administrators, personal representatives, successors and assigns of Pledgor, and (iii) shall inure to the benefit of Secured Party Pledgee and its successors and assigns. Without limiting the generality of the foregoing, Secured Party Pledgee 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. Pledgor's rights and obligations hereunder may not be assigned or otherwise transferred without the prior written consent of Secured PartyPledgee.

Binding Effect and Assignment. This Agreement (i) creates a continuing security interest in the Collateral, (ii) shall be binding on Pledgor and the heirs, executors, administrators, personal representatives, successors and assigns of Pledgor, 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 and any of the other Loan Documents to any other party. Pledgor's rights and obligations hereunder may not be assigned or otherwise transferred without the prior written consent of Secured Party.