Common use of Binding Effect; Assignment; Termination Clause in Contracts

Binding Effect; Assignment; Termination. This letter agreement shall be binding upon the Borrower, its successors and assigns and shall inure to the benefit of the Borrower and the Bank and their respective permitted successors and assigns. The Borrower may not assign this letter agreement or any rights hereunder without the express written consent of the Bank. The Bank may, in accordance with applicable law, from time to time assign or grant participations in this letter agreement, the Term Loans and/or the Term Note. Without limitation of the foregoing generality,

Appears in 4 contracts

Samples: Essential Therapeutics Inc, Letter Agreement (Arqule Inc), Organogenesis Inc

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Binding Effect; Assignment; Termination. This letter agreement shall be binding upon the Borrower, its successors and assigns and shall inure to the benefit of the Borrower and the Bank and their respective permitted successors and assigns. The Borrower may not assign this letter agreement or any rights hereunder without the express written consent of the Bank. The Bank may, in accordance with applicable law, from time to time assign or grant participations in this letter agreement, the Term Loans Revolving Loans, the Revolving Note and/or the Term Noteletters of credit issued hereunder and/or any of the other Obligations. Without limitation of the foregoing generality,:

Appears in 1 contract

Samples: Dragon Systems Inc

Binding Effect; Assignment; Termination. This letter agreement shall --------------------------------------- be binding upon the Borrower, its successors and assigns and shall inure to the benefit of the Borrower and the Bank and their respective permitted successors and assigns. The Borrower may not assign this letter agreement or any rights hereunder without the express written consent of the Bank. The Bank may, in accordance with applicable law, from time to time assign or grant participations in this letter agreement, the Term Loans Revolving Loans, the Revolving Note and/or the Term Noteletters of credit issued hereunder and/or any of the other Obligations. Without limitation of the foregoing generality,:

Appears in 1 contract

Samples: Letter Agreement (Aseco Corp)

Binding Effect; Assignment; Termination. This letter agreement shall --------------------------------------- be binding upon the Borrower, its successors and assigns and shall inure to the benefit of the Borrower and the Bank and their respective permitted successors and assigns. The Borrower may not assign this letter agreement or any rights hereunder without the express written consent of the Bank. The Bank may, in accordance with applicable law, from time to time assign or grant participations in this letter agreement, the Term Loans Demand Loans, the Demand Note and/or the Term Noteletters of credit issued hereunder. Without limitation of the foregoing generality,:

Appears in 1 contract

Samples: Letter Agreement (Microtouch Systems Inc)

Binding Effect; Assignment; Termination. This letter agreement shall be binding upon the Borrower, its Borrower and the Bank and their respective successors and assigns and shall inure to the benefit of the Borrower and the Bank and their respective permitted successors and assigns. The Borrower may not assign this letter agreement or any rights hereunder without the express written consent of the Bank. The Bank may, in accordance with applicable law, from time to time assign or grant participations in this letter agreement, the Term Loans and/or the Term Note. Without limitation of the foregoing generality,

Appears in 1 contract

Samples: Loan Modification Agreement (Quantum Bridge Communications Inc)

Binding Effect; Assignment; Termination. This letter agreement shall be binding upon the Borrower, its successors and assigns and shall inure to the benefit of the Borrower and the Bank and their respective permitted successors and assigns. The Borrower may not assign this letter agreement or any rights hereunder without the express written consent of the Bank. The Bank may, in accordance with applicable law, from time to time assign or grant participations participation in this letter agreement, the Term Loans Revolving Loans, the Revolving Note and/or the Term Noteletters of credit issued hereunder. Without limitation of the foregoing generality,:

Appears in 1 contract

Samples: Palomar Medical Technologies Inc

Binding Effect; Assignment; Termination. This letter agreement shall be binding upon the Borrower, its successors and assigns and shall inure to the benefit of the Borrower and the Bank and their respective permitted successors and assigns. The Borrower may not assign this letter agreement or any rights hereunder without the express written consent of the Bank. The Bank may, in accordance with applicable law, from time to time assign or grant participations in this letter agreement, the Term Loans Revolving Loans, the Revolving Note and/or the Term Noteletters of credit issued hereunder. Without limitation of the foregoing generality,:

Appears in 1 contract

Samples: Sapient Corp

Binding Effect; Assignment; Termination. This letter agreement shall --------------------------------------- be binding upon the Borrower, its Borrower and the Bank and their respective successors and assigns and shall inure to the benefit of the Borrower and the Bank and their respective permitted successors and assigns. The Borrower may not assign this letter agreement or any rights hereunder without the express written consent of the Bank. The Bank may, in accordance with applicable law, from time to time assign or grant participations in this letter agreement, the any Term Loans and/or the any Term NoteNotes. Without limitation of the foregoing generality,

Appears in 1 contract

Samples: Letter Agreement (Sycamore Networks Inc)

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Binding Effect; Assignment; Termination. This letter agreement shall be binding upon the Borrower, its successors and assigns and shall inure to the benefit of the Borrower and the Bank and their respective permitted successors and assigns. The Borrower may not assign this letter agreement or any rights hereunder without the express written consent of the Bank. The Bank may, in accordance with applicable law, from time to time assign or grant participations in this letter agreement, the Term Loans Loans, the Notes and/or the Term Noteany letters of credit issued hereunder. Without limitation of the foregoing generality,

Appears in 1 contract

Samples: Letter Agreement (Abiomed Inc)

Binding Effect; Assignment; Termination. This letter agreement shall be binding upon the Borrower, its successors and assigns and shall inure to the benefit of the Borrower and the Bank and their respective permitted successors and assigns. The Borrower may not assign this letter agreement or any rights hereunder without the express written consent of the Bank. The Bank may, in accordance with applicable law, from time to time assign or grant participations in this letter agreement, any of the Term Loans Loans, any of the Notes and/or the Term Noteany letters of credit issued hereunder. Without limitation of the foregoing generality,

Appears in 1 contract

Samples: Geltex Pharmaceuticals Inc

Binding Effect; Assignment; Termination. This letter agreement shall be binding upon the Borrower, its Borrower and the Bank and their respective successors and assigns and shall inure to the benefit of the Borrower and the Bank and their respective permitted successors and assigns. The Borrower may not assign this letter agreement or any rights hereunder without the express written consent of the Bank. The Bank may, in accordance with applicable law, from time to time assign or grant participations in this letter agreement, the Term Loans and/or Loan or the Term Note. Without limitation of the foregoing generality,

Appears in 1 contract

Samples: Letter Agreement (Diacrin Inc /De/)

Binding Effect; Assignment; Termination. This letter agreement shall be binding upon the Borrower, its Borrower and the Bank and their respective successors and assigns and shall inure to the benefit of the Borrower and the Bank and their respective permitted successors and assigns. The Borrower may not assign this letter agreement or any rights hereunder without the express written consent of the Bank. The Bank may, in accordance with applicable law, from time to time assign or grant participations in this letter agreement, the Term Revolving Loans and/or or the Term Revolving Note. Without limitation of the foregoing generality,

Appears in 1 contract

Samples: Letter Agreement (Exchange Applications Inc)

Binding Effect; Assignment; Termination. This letter agreement shall --------------------------------------- be binding upon the Borrower, its successors and assigns and shall inure to the benefit of the Borrower and the Bank and their respective permitted successors and assigns. The Borrower may not assign this letter agreement or any rights hereunder without the express written consent of the Bank. The Bank may, in accordance with applicable law, from time to time assign or grant participations in this letter agreement, the Term Loans and/or the Term Note. Without limitation of the foregoing generality,

Appears in 1 contract

Samples: Letter Agreement (Curis Inc)

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