Common use of Binding Effect; Assignability; Multiple Note Purchasers Clause in Contracts

Binding Effect; Assignability; Multiple Note Purchasers. (a) This Agreement shall be binding upon and inure to the benefit of the Borrower, the Servicer, the Agent, the Note Purchaser, the Trustee, the Bank, the Collateral Custodian and their respective successors and permitted assigns. The Note Purchaser and its successors and assigns may assign (i) this Agreement and the Note Purchaser’s rights and obligations hereunder and interest herein in whole or in part (including by way of the sale of participation interests therein) and/or (ii) any Advance (or portion thereof) or any Variable Funding Note (or any portion thereof) to any Person; provided that the Note Purchaser and any successor and assign shall only assign its rights and obligations hereunder to an Affiliate of Xxxxx Fargo and that such assignee executes and delivers to the Servicer, the Borrower and the Agent a fully-executed Transferee Letter substantially in the form of Exhibit O hereto (a “Transferee Letter”) and a fully-executed Joinder Supplement. None of the Borrower, the Equityholder, the Transferor or the Servicer may assign any of its rights and obligations hereunder or under any Transaction Document or any interest herein or in any Transaction Document without the prior written consent of the Note Purchaser and the Agent.

Binding Effect; Assignability; Multiple Note Purchasers. (a) This Agreement shall be binding upon and inure to the benefit of the Borrower, the Servicer, the Agent, the Note Purchaser, the Trustee, the Bank, the Collateral Custodian and their respective successors and permitted assigns. The Note Purchaser and its successors and assigns may assign (i) this Agreement and the Note Purchaser’s rights and obligations hereunder and interest herein in whole or in part (including by way of the sale of participation interests therein) and/or (ii) any Advance (or portion thereof) or any Variable Funding Note (or any portion thereof) to any Person; provided that the Note Purchaser and any successor and assign shall only assign its rights and obligations hereunder to an Affiliate of Xxxxx Fargo Wachovia and that such assignee executes and delivers to the Servicer, the Borrower and the Agent a fully-executed Transferee Letter substantially in the form of Exhibit O hereto (a “Transferee Letter”) and a fully-executed Joinder Supplement. None of the Borrower, the Equityholder, the Transferor or the Servicer may assign any of its rights and obligations hereunder or under any Transaction Document or any interest herein or in any Transaction Document without the prior written consent of the Note Purchaser and the Agent.