Common use of Binding Effect of Agreement Clause in Contracts

Binding Effect of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower and the Lender and their respective successors and assigns; provided that the Borrower may not assign or transfer its rights or obligations hereunder. The Lender may sell, transfer or grant participations in this Agreement, the Note, the Security Documents and the other Loan Documents without the prior written consent of the Borrower.

Appears in 4 contracts

Samples: Credit Agreement (Cybex International Inc), Credit Agreement (Cybex International Inc), Credit Agreement (Moore Handley Inc /De/)

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Binding Effect of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower and Borrower, the Lender Lenders and their respective successors and assigns; provided PROVIDED that the Borrower may not assign or transfer its rights or obligations hereunder. The Lender may sell, transfer or grant participations in this Agreement, the Note, the Security Documents and the other Loan Documents without the prior written consent of the Borrower.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Boyle Leasing Technologies Inc), Revolving Credit Agreement (Microfinancial Inc), Revolving Credit Agreement (Microfinancial Inc)

Binding Effect of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower and Borrower, the Lender Agent, the Lenders and their respective successors and assigns; provided that the Borrower may not assign or transfer its rights or obligations hereunder. The Lender may sell, transfer or grant participations in this Agreement, the Note, the Security Documents and the other Loan Documents without the prior written consent of the Borrower.

Appears in 3 contracts

Samples: Credit Agreement (Microfinancial Inc), Credit Agreement (Microfinancial Inc), Credit Agreement (Microfinancial Inc)

Binding Effect of Agreement. This Agreement shall be binding upon --------------------------- and inure to the benefit of the Borrower and Borrower, the Lender and their respective successors and assigns; provided that the Borrower may not assign or transfer -------- its rights or obligations hereunder. The Lender may sell, transfer or grant participations in this Agreement, the Note, the Security Documents and the other Loan Documents without the prior written consent of the Borrower.

Appears in 2 contracts

Samples: Credit Agreement (Viisage Technology Inc), Revolving Credit Agreement (Viisage Technology Inc)

Binding Effect of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower and Borrowers, the Lender Agent, the Lenders and their respective successors and assigns; provided that the Borrower Borrowers may not assign or transfer its their rights or obligations hereunder. The Lender may sell, transfer or grant participations in this Agreement, the Note, the Security Documents and the other Loan Documents without the prior written consent of the Borrower.

Appears in 2 contracts

Samples: Credit Agreement (Microfinancial Inc), Credit Agreement (Microfinancial Inc)

Binding Effect of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower and the Lender and their respective successors and assigns; provided that . The Lender may sell, assign or otherwise transfer all or any portion of its right, title and interest in, and its obligations under, this Agreement, the Revolving Loans made and to be made hereunder, or grant participations in its right, title and interest herein and therein. The Borrower may not assign or transfer its rights or obligations hereunder. The Lender may sell, transfer or grant participations in this Agreement, the Note, the Security Documents and the other Loan Documents without the prior written consent of the Borrower.

Appears in 2 contracts

Samples: Loan Agreement (Charles River Associates Inc), Loan Agreement (C P Clare Corp)

Binding Effect of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower and Borrower, the Lender Lender, the Issuing Bank and their respective successors and assigns; provided PROVIDED that the Borrower may not assign or transfer its rights or obligations hereunder. The Lender may sell, transfer or grant participations in this Agreement, the Note, the Security Documents and the other Loan Documents without the prior written consent of the Borrower.

Appears in 2 contracts

Samples: Credit Agreement (Aspen Technology Inc /De/), Credit Agreement (Signal Technology Corp)

Binding Effect of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower and Borrower, the Lender and their respective successors and assigns; provided , provided, however, that the Borrower may not assign or transfer its the rights or obligations hereunder. The Lender may sell, transfer or grant participations in this Agreement, the Note, the Security Documents and the other Loan Documents hereunder without the prior written consent of the BorrowerLender.

Appears in 2 contracts

Samples: Employment Agreement (Krispy Kreme, Inc.), Credit Agreement (Biosphere Medical Inc)

Binding Effect of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower and Borrower, the Lender Lenders and their respective successors and assigns; provided that the Borrower may not assign or transfer its rights or obligations hereunder. The Lender may sell, transfer or grant participations in this Agreement, the Note, the Security Documents and the other Loan Documents without the prior written consent of the Borrower.

Appears in 1 contract

Samples: Revolving Credit Agreement (Microfinancial Inc)

Binding Effect of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower Borrowers and the Lender Bank and their respective successors and assigns; provided that the Borrower Borrowers may not assign or transfer its any of their rights or obligations hereunder. The Lender may sell, transfer or grant participations in this Agreement, the Note, the Security Documents and the other Loan Documents without the prior written consent of the Borrower.

Appears in 1 contract

Samples: Credit and Security Agreement (Dewolfe Companies Inc)

Binding Effect of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower and Borrower, the Lender Bank and their respective heirs, executors, personal representatives, successors and assigns; , provided that the Borrower may not assign or transfer its rights their right or obligations hereunder. The Lender may sell, transfer or grant participations in under this Agreement, the Note, the Security Documents and the other Loan Documents Agreement without the prior written consent of the BorrowerBank.

Appears in 1 contract

Samples: Loan Agreement (RGC Resources Inc)

Binding Effect of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower Borrowers and the Lender and their respective successors and assigns; provided that the Borrower may not assign or transfer its rights or obligations hereunder. The Lender may sell, assign or otherwise transfer all or any portion of its right, title and interest in, and its obligations under, this Agreement, the Loans made and to be made hereunder, or grant participations in this Agreementits right, the Note, the Security Documents title and the other Loan Documents without the prior written consent of the Borrowerinterest herein and therein. The Borrowers may not assign or transfer their rights or obligations hereunder.

Appears in 1 contract

Samples: Loan Agreement (Starmet Corp)

Binding Effect of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower and the Lender and their respective successors and assigns; provided that . The Lender may sell, assign or otherwise transfer all or any portion of its right, title and interest in, and its obligations under, this Agreement, the Loans made and to be made hereunder, or grant participations in its right, title and interest herein and therein. The Borrower may not assign or transfer its rights or obligations hereunder. The Lender may sell, transfer or grant participations in this Agreement, the Note, the Security Documents and the other Loan Documents without the prior written consent of the Borrower.

Appears in 1 contract

Samples: Loan Agreement (Boston Acoustics Inc)

Binding Effect of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower and the Lender and their respective successors and assigns; provided that the Borrower may not assign or transfer its rights or obligations hereunder. The Lender may sell, transfer or grant participations in this Agreement, the Note, the Security Documents and the other Loan Documents without the prior written consent of the Borrower.

Appears in 1 contract

Samples: Revolving Credit Agreement (Bayport Restaurant Group Inc)

Binding Effect of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower and Borrower, the Lender and their respective successors and assigns; provided that the Borrower no party hereto may not assign or transfer its rights or obligations hereunder. The Lender may sell, transfer or grant participations in this Agreement, the Note, the Security Documents and the other Loan Documents hereunder without the prior written consent of the other party hereto (such consent of the Borrower, in the case of any proposed assignment or transfer by the Lender, not to be unreasonably withheld, conditioned or delayed).

Appears in 1 contract

Samples: Bridge Loan Agreement (MF Merger Sub Corp.)

Binding Effect of Agreement. This Agreement shall be binding ---------------------------- upon and inure to the benefit of the Borrower and Borrower, the Lender Lender, and their respective successors and assigns; , provided that the Borrower may not assign or transfer its rights or obligations hereunder. The Lender may sell, transfer or grant participations in this Agreement, the Note, the Security Documents and the other Loan Documents hereunder without the prior written consent of the BorrowerLender.

Appears in 1 contract

Samples: Revolving Subordinated Loan Agreement (Matrix Capital Corp /Co/)

Binding Effect of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower and the Lender and their respective successors and assigns; provided that the Borrower may not assign or transfer its rights or obligations hereunder. The Lender may sellshall have the unrestricted right at any time or from time to time, transfer or grant participations in this Agreement, the Note, the Security Documents and the other Loan Documents without the prior written consent Borrower's consent, to assign (or participate) all or any portion of the Borrower.its rights and

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Mexican Restaurants Inc)

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Binding Effect of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower and Borrower, the Lender Bank and their respective heirs, executors, personal representatives, successors and assigns; , provided that the Borrower may not assign or transfer its rights or obligations hereunder. The Lender may sell, transfer or grant participations in under this Agreement, the Note, the Security Documents and the other Loan Documents Agreement without the prior written consent of the BorrowerBank.

Appears in 1 contract

Samples: Credit Agreement (Optical Cable Corp)

Binding Effect of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower Borrowers and the Lender Bank and their respective successors and assigns; provided that the neither Borrower may not assign or transfer its rights or obligations hereunder. The Lender may sell, transfer or grant participations in this Agreement, the Note, the Security Documents and the other Loan Documents without the prior written consent of the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Boston Beer Co Inc)

Binding Effect of Agreement. This Agreement shall be binding upon and --------------------------- inure to the benefit of the Borrower and the Lender and their respective successors and assigns; provided that . The Lender may sell, assign or otherwise transfer all or any portion of its right, title and interest in, and its obligations under, this Agreement, the Loans made and to be made hereunder, or, pursuant to Section 7, grant participations in its right, title and interest herein and therein. The Borrower may not assign or transfer its rights or obligations hereunder. The Lender may sell, transfer or grant participations in this Agreement, the Note, the Security Documents and the other Loan Documents without the prior written consent of the Borrower.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Advanced Deposition Technologies Inc)

Binding Effect of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower and the Lender and their respective successors and assigns; provided that the Borrower may not assign or transfer its rights or obligations hereunder. The Lender may sell, transfer or grant participations in this Agreement, the Amended and Restated Note, the Security Documents Agreement and the other Loan Documents without the prior written consent of the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Cybex International Inc)

Binding Effect of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower Borrower, the Lender, and the Lender LC Issuer, and their respective successors and assigns; provided that the Borrower may not assign or transfer its rights or obligations hereunder. The Lender may sell, transfer or grant participations in this Agreement, the Note, the Security Documents and the other Loan Documents without the prior written consent of the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Mexican Restaurants Inc)

Binding Effect of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower and Borrower, the Lender Bank and their respective heirs, executors, personal representatives, successors and assigns; , provided that the Borrower may not assign or transfer its their rights or obligations hereunder. The Lender may sell, transfer or grant participations in under this Agreement, the Note, the Security Documents and the other Loan Documents Agreement without the prior written consent of the BorrowerBank.

Appears in 1 contract

Samples: Loan Agreement (RGC Resources Inc)

Binding Effect of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower and Borrower, the Lender and their respective successors and assigns; , provided that the Borrower borrower may not assign or transfer its their rights or obligations hereunder. The Lender may sell, transfer or grant participations in this Agreement, the Note, the Security Documents and the other Loan Documents hereunder without the prior written consent of the BorrowerLender, any such assignment being void.

Appears in 1 contract

Samples: Loan Agreement (Golden Bear Golf Inc)

Binding Effect of Agreement. This Agreement shall be --------------------------- binding upon and inure to the benefit of the Borrower and the Lender and their respective successors and assigns; provided that . The Lender may sell, assign or otherwise transfer all or any portion of its right, title and interest in, and its obligations under, this Agreement, the Loans made and to be made hereunder, or grant participations in its right, title and interest herein and therein. The Borrower may not assign or transfer its rights or obligations hereunder. The Lender may sell, transfer or grant participations in this Agreement, the Note, the Security Documents and the other Loan Documents without the prior written consent of the Borrower.

Appears in 1 contract

Samples: Loan Agreement (Boston Acoustics Inc)

Binding Effect of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower and Borrower, the Lender Lenders and their respective successors and permitted assigns; provided PROVIDED that the Borrower may not assign or transfer its rights or obligations hereunder. The Lender may sell, transfer or grant participations in this Agreement, the Note, the Security Documents and the other Loan Documents without the prior written consent of the Borrower.

Appears in 1 contract

Samples: Revolving Credit Agreement (Microfinancial Inc)

Binding Effect of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower and the Lender and their respective successors and assigns; provided that the Borrower may not assign or transfer its rights or obligations hereunder. The Lender may sell, transfer or grant participations in this Agreement, the Note, the Security Documents and the other Loan Documents without the prior written consent of the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Andover Medical, Inc.)

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