Common use of Binding Effect; No Assignment or Delegation Clause in Contracts

Binding Effect; No Assignment or Delegation. This Loan Agreement shall be binding upon and inure to the benefit of the Borrower and its successors and the Lender and its successors and assigns. The rights and obligations of the Borrower under this Agreement shall not be assigned or delegated without the prior written consent of the Lender, and any purported assignment or delegation without such consent shall be void.

Appears in 59 contracts

Samples: Loan Agreement (Gouverneur Bancorp, Inc./Md/), Loan Agreement (NorthEast Community Bancorp, Inc./Md/), Loan Agreement (William Penn Bancorporation)

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Binding Effect; No Assignment or Delegation. This Loan Agreement shall be binding upon and inure to the benefit of the Borrower each Borrower, Agent and each Lender, and its successors and the Lender and its successors and assignspermitted assignees. The rights and obligations of the each Borrower under this Agreement shall not be assigned or delegated without the prior written consent of the Lenderall Lenders, and any purported assignment or delegation without such consent shall be void.

Appears in 4 contracts

Samples: Credit Agreement (Safeguard Scientifics Inc Et Al), Credit Agreement (Safeguard Scientifics Inc Et Al), Credit Agreement (Safeguard Scientifics Inc Et Al)

Binding Effect; No Assignment or Delegation. This Loan Agreement shall be binding upon and inure to the benefit of the Borrower and its successors and the Lender and its successors and assigns. The rights and obligations of the Borrower under this Agreement shall not be assigned or delegated without the prior written consent of the Lender, and any purported assignment or delegation without such consent shall be void. [This page intentionally left blank.]

Appears in 2 contracts

Samples: Loan Agreement (Astoria Financial Corp), Loan Agreement (Astoria Financial Corp)

Binding Effect; No Assignment or Delegation. This Loan Agreement shall be binding upon and inure to the benefit of the Borrower and its successors and the Lender and its successors and assigns. The rights and obligations of the Borrower under this Agreement shall not be assigned or delegated without the prior written consent of the Lender, and any purported assignment or delegation without such consent shall be void.

Appears in 1 contract

Samples: Loan Agreement (Green Mountain Coffee Inc)

Binding Effect; No Assignment or Delegation. This Loan Agreement shall be binding upon and inure to the benefit of the Borrower and its successors and to the Lender benefit of Lenders and its the Agent and their respective successors and assigns. The rights and obligations of the Borrower under this Agreement shall not be assigned or delegated without the prior written consent of the LenderMajority Lenders, and any purported assignment or delegation without such consent shall be void.

Appears in 1 contract

Samples: Agreement (Marlin Business Services Inc)

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Binding Effect; No Assignment or Delegation. This Loan Agreement shall be binding upon and inure to the benefit of the Borrower and its successors and the Lender and its successors and assigns. The rights and obligations of the Borrower under this Agreement shall not be assigned or delegated without the prior written consent of the Lender, and any purported assignment or delegation without such consent shall be void.. EXHIBIT 10.32

Appears in 1 contract

Samples: Loan Agreement (Hudson City Bancorp Inc)

Binding Effect; No Assignment or Delegation. This Loan Agreement shall be binding upon and inure to the benefit of the Borrower and its successors and permitted assigns and the Lender and its successors and assigns. The rights and obligations of the Borrower under this Loan Agreement shall not be assigned or delegated without the prior written consent of the Lender, and any purported assignment or delegation without such consent shall be void.

Appears in 1 contract

Samples: Loan Agreement (Euronet Worldwide Inc)

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