Common use of Binding Effect; Several Agreement Clause in Contracts

Binding Effect; Several Agreement. This Agreement is binding upon Pledgor and Secured Party and their respective successors and permitted assigns, and shall inure to the benefit of Pledgor, Secured Party and their respective successors and permitted assigns, except that Pledgor shall have no right to assign or transfer its rights or obligations hereunder or any interest herein (and any such assignment or transfer shall be void) except as expressly contemplated by this Agreement or the Indentures. Secured Party may assign and transfer all or any of its rights and obligations under this Agreement in accordance with the STID, and Secured Party shall be entitled to disclose such information concerning the Pledgor and this Agreement as the Secured Party considers appropriate to any actual or proposed direct or indirect successor or to any person to whom information may be required to be disclosed by applicable law.