Common use of Binding Effect; Participations Clause in Contracts

Binding Effect; Participations. (a) This Agreement shall be binding upon and inure to the benefit of the Borrower and the Liquidity Provider and their respective successors and permitted assigns, except that neither the Liquidity Provider (except as otherwise provided in this Section 7.08) nor (except as contemplated by Section 3.08) the Borrower shall have the right to assign, pledge or otherwise transfer its rights or obligations hereunder or any interest herein, subject to the Liquidity Provider’s right to grant Participations pursuant to Section 7.08(b) and the Liquidity Provider shall have the right to assign its rights and transfer its obligations hereunder provided any such assignment and transfer is consented to by American in connection with the arranging of a Replacement Liquidity Facility pursuant to Section 3.05(e) of the Intercreditor Agreement.

Binding Effect; Participations. (a) This Agreement shall be binding upon and inure to the benefit of the Borrower and the Liquidity Provider and their respective successors and permitted assigns, except that neither the Liquidity Provider (except as otherwise provided in this Section 7.08) nor (except as contemplated by Section 3.08) the Borrower shall have the right to assign, pledge or otherwise transfer its rights or obligations hereunder or any interest herein, subject to the Liquidity Provider’s right to grant Participations pursuant to Section 7.08(b) ), and the Liquidity Provider shall have the right to assign its rights and transfer its obligations hereunder provided any such assignment and transfer is consented to by American in connection with the arranging of a Replacement Liquidity Facility pursuant to Section 3.05(e) of the Intercreditor Agreement; provided that any such assignment and transfer is consented to by American.

Binding Effect; Participations. (a) This Agreement shall be binding upon and inure to the benefit of the Borrower and the Liquidity Provider and their respective successors and permitted assigns, except that neither the Liquidity Provider (except as otherwise provided in this Section 7.08) nor (except as contemplated by Section 3.08) the Borrower shall have the right to assign, pledge or otherwise transfer its rights or obligations hereunder or any interest herein, subject to the Liquidity Provider’s right to grant Participations pursuant to Section 7.08(b) ), and the Liquidity Provider shall have the right to assign its rights and transfer its obligations hereunder in connection with the arranging of a Replacement Liquidity Provider pursuant to Section 3.05(e) of the Intercreditor Agreement; provided that any such assignment and transfer is consented to by American the Borrower in connection accordance with the arranging of a Replacement Liquidity Facility pursuant to Section 3.05(e3.05(m) of the Intercreditor Agreement.