Common use of Binding Effect; Several Agreement Clause in Contracts

Binding Effect; Several Agreement. This Agreement is binding upon each Grantor and the Secured Creditors and their respective successors and permitted (in accordance with Section 10.8.1 of the Credit Agreement) assigns, and shall inure to the benefit of the Grantors, the Secured Creditors and their respective successors and permitted (in accordance with Section 10.8.1 of the Credit Agreement) assigns, except that no Grantor shall have any right to assign or transfer its rights or obligations hereunder or any interest herein, except as specifically permitted by the Credit Agreement, without the prior written consent of the Agent (and any such assignment or transfer shall be void).

Appears in 4 contracts

Samples: Guarantee and Collateral Agreement (PNG Ventures Inc), Control Agreement (PNG Ventures Inc), Control Agreement (Earth Biofuels Inc)

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Binding Effect; Several Agreement. This Agreement is binding upon each Grantor and the Secured Creditors and their respective successors and permitted (in accordance with Section 10.8.1 of the Credit Agreement) assigns, and shall inure to the benefit of the Grantors, the Secured Creditors and their respective successors and permitted (in accordance with Section 10.8.1 of the Credit Agreement) assigns, except that no Grantor shall have any right to assign or transfer its rights or obligations hereunder or any interest herein, except as specifically permitted by the Credit Agreement, without the prior written consent of the Agent (and any such assignment or transfer shall be void).

Appears in 4 contracts

Samples: Guarantee and Collateral Agreement (CareView Communications Inc), Security Agreement (Avinger Inc), Security Agreement (Avinger Inc)

Binding Effect; Several Agreement. This Agreement is binding upon each Grantor and the Secured Creditors and their respective successors and permitted (in accordance with Section 10.8.1 of the Credit AgreementAgreements) assigns, and shall inure to the benefit of the Grantors, the Secured Creditors and their respective successors and permitted (in accordance with Section 10.8.1 of the Credit AgreementAgreements) assigns, except that no Grantor shall have any right to assign or transfer its rights or obligations hereunder or any interest herein, except as specifically permitted by the Credit AgreementAgreements, without the prior written consent of the Agent (and any such assignment or transfer shall be void).

Appears in 1 contract

Samples: Control Agreement (Earth Biofuels Inc)

Binding Effect; Several Agreement. This Agreement is binding upon each Grantor and the Secured Creditors Parties and their respective successors and permitted (in accordance with Section 10.8.1 of the Credit Agreement) assigns, and shall inure to the benefit of the Grantors, the Secured Creditors Parties and their respective successors and permitted (in accordance with Section 10.8.1 of the Credit Agreement) assigns, except that no Grantor shall have any right to assign or transfer its rights or obligations hereunder or any interest herein, except as specifically permitted by the Credit Agreement, without the prior written consent of the Agent (and any such assignment or transfer shall be void).

Appears in 1 contract

Samples: Control Agreement (Earth Biofuels Inc)

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Binding Effect; Several Agreement. This Agreement is binding upon each Grantor and the Secured Creditors and their respective successors and permitted (in accordance with Section 10.8.1 Section10.8.1 of the Credit AgreementAgreements) assigns, and shall inure to the benefit of the Grantors, the Secured Creditors and their respective successors and permitted (in accordance with Section 10.8.1 of the Credit AgreementAgreements) assigns, except that no Grantor shall have any right to assign or transfer its rights or obligations hereunder or any interest herein, except as specifically permitted by the Credit AgreementAgreements, without the prior written consent of the Agent Agent. (and any such assignment or transfer shall be void).

Appears in 1 contract

Samples: Control Agreement (Earth Biofuels Inc)

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