Binding Effect; No Assignment or Delegation. This Agreement shall be binding upon and inure to the benefit of each Borrower, Agent and each Lender, and its successors and permitted assignees. The rights and obligations of each Borrower under this Agreement shall not be assigned or delegated without the prior written consent of all 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 Agreement shall be binding upon and inure to the benefit of each Borrower, Agent and each Lender, the Borrower and its successors and permitted assigneesto the benefit of the Banks and the Agent and their respective successors and assigns. The rights and obligations of each the Borrower under this Agreement shall not be assigned or delegated without the prior written consent of all Lendersthe Agent, and any purported assignment or delegation without such consent shall be void.
Appears in 2 contracts
Samples: Loan Agreement (National Consumer Cooperative Bank /Dc/), Loan Agreement (National Consumer Cooperative Bank /Dc/)
Binding Effect; No Assignment or Delegation. This Agreement shall be binding upon and inure to the benefit of each Borrower, Agent and each Lender, the Borrower and its successors and permitted assigneesto the benefit of the Agent and the Banks and their respective successors and assigns. The rights and obligations of each the Borrower under this Agreement shall not be assigned or delegated without the prior written consent of all Lendersthe Majority Banks, and any purported assignment or delegation without such consent shall be void.
Appears in 1 contract
Samples: Acquisition Loan Agreement (Atlantic Acquistion Limited Partnership Et Al)
Binding Effect; No Assignment or Delegation. This Agreement shall be binding upon and inure to the benefit of each Borrower, Agent and each Lender, the Borrower and its successors and permitted assigneesto the benefit of Lenders and the Agent and their respective successors and assigns. The rights and obligations of each the Borrower under this Agreement shall not be assigned or delegated without the prior written consent of all the Majority Lenders, and any purported assignment or delegation without such consent shall be void.
Appears in 1 contract
Samples: Warehouse Revolving Credit Facility Agreement (Marlin Business Services Inc)
Binding Effect; No Assignment or Delegation. This Agreement shall be binding upon and inure to the benefit of each Borrower, Agent and each Lender, the Borrower and its successors and permitted assigneesto the benefit of the Agent, the Lenders and their respective successors and assigns. The rights and obligations of each the Borrower under this Agreement shall not be assigned or delegated without the prior written consent of all the Majority Lenders, and any purported assignment or delegation without such consent shall be void.
Appears in 1 contract
