Binding Obligation; Assignment Sample Clauses

Binding Obligation; Assignment. This Agreement shall inure to the benefit of and constitute a binding obligation upon the parties hereto and their respective successors and assigns. Subject to VI(G), no party may assign its rights or delegate its duties hereunder without the prior written consent of the other party, such consent not to be unreasonably withheld.
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Binding Obligation; Assignment. This AGREEMENT shall be binding upon the PARTIES and their respective successors and assigns. Neither PARTY may assign its interest in this AGREEMENT without the prior written consent of the other PARTY.
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Binding Obligation; Assignment. This Guaranty shall be binding upon the Guarantor, and the Guarantor's successors and assigns; provided, that the Guarantor shall not assign or transfer any of its obligations hereunder without the prior written consent of the Bank. The Bank may at any time assign or transfer its interest herein and the transferee shall thereupon become vested with all of the rights and powers given to the Bank herein. Executed on the date first written above. HOSOKAWA MICRON CORPORATION By: /s/ [Illegible] --------------------------- Name: Title: November 1, 1996 The Bank of Tokyo-Mitsubishi, Ltd. New York Branch 0000 Xxxxxx xx xxx Xxxxxxxx Xxx Xxxx, XX 00000 Re: HOSOKAWA MICRON INTERNATIONAL INC. COMMERCIAL PAPER PROGRAM Gentlemen: We refer to our guaranty, dated December 16, 1991, in your favor (the "Guaranty") which guarantees the payment when due of all amounts payable by Hosokawa Micron International Inc., a Delaware corporation (the "Company"), to you under the Letter of Credit Agreement, dated as of December 16, 1991, between the Company and you (as amended, the "Credit Agreement"). We hereby acknowledge that the Letter of Credit issued by you pursuant to the Credit Agreement has been extended and may be further extended from time to time. We hereby agree that the Guaranty will remain in full force and effect, enforceable against us as a guaranty of the payment of all amounts payable by the Company to you under the Credit Agreement, as the same may be amended from time to time (with or without our consent). Very truly yours, HOSOKAWA MICRON CORPORATION, a Japanese corporation By: /s/ X. Xxxxxxx --------------------------- Name: X. Xxxxxxx Title: Managing Director ================================================================================ ELEVENTH AMENDMENT TO LETTER OF CREDIT AGREEMENT between HOSOKAWA MICRON INTERNATIONAL INC. as Account Party and THE BANK OF TOKYO-MITSUBISHI, LTD., NEW YORK BRANCH as Issuing Bank Dated as of November 14, 1997 ================================================================================ Relating to Hosokawa Micron International Inc. US$ 75,000,000 Commercial Paper Program ================================================================================ ELEVENTH AMENDMENT TO LETTER OF CREDIT AGREEMENT ELEVENTH AMENDMENT TO LETTER OF CREDIT AGREEMENT (this "AMENDMENT"), dated as of November 14, 1997, between Hosokawa Micron International Inc., a Delaware corporation, having an office at 000 Xxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00...
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Binding Obligation; Assignment 
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Related to Binding Obligation; Assignment

  • Binding Obligation Each Receivable shall constitute the genuine, legal, valid and binding payment obligation in writing of the related Obligor, enforceable by the holder thereof in accordance with its terms, except as enforceability may be subject to or limited by bankruptcy, insolvency, reorganization, moratorium, liquidation or other similar laws affecting the enforcement of creditors’ rights in general and by general principles of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at law.

  • Binding Agreement; Assignment This Agreement shall inure to the benefit of, be binding upon, and be enforceable by the Company and its successors and assigns. The Participant shall not assign (except in accordance with Section 6 hereof) any part of this Agreement without the prior express written consent of the Company.

  • Binding Agreement; Assignments Whenever in this Agreement any of the parties hereto is referred to, such reference shall be deemed to include the successors and assigns of such party; and all covenants, promises and agreements by or on behalf of the parties that are contained in this Agreement shall bind and inure to the benefit of their respective successors and assigns. Neither the Borrower nor any Guarantor may assign or transfer any of its rights or obligations hereunder (and any such attempted assignment or transfer shall be void) without the prior written consent of the Required Lenders. Notwithstanding the foregoing, at the time any Guarantor is released from its obligations under the Guarantee Agreement in accordance with such Guarantee Agreement and the Credit Agreement, such Guarantor will cease to have any rights or obligations under this Agreement.

  • Binding Obligations This Agreement and each of the other Transaction Documents to which it is a party constitutes legal, valid and binding obligations of the Servicer, enforceable against the Servicer in accordance with their respective terms, except (i) as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and (ii) as such enforceability may be limited by general principles of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law.

  • Execution and Binding Obligation This Agreement has been duly executed and delivered by the Purchaser, and constitutes a legal, valid and binding agreement of the Purchaser enforceable against it in accordance with its terms subject only to any limitation under bankruptcy, insolvency or other Law affecting the enforcement of creditors’ rights generally and the discretion that a court may exercise in the granting of equitable remedies such as specific performance and injunction.

  • Authorization; Binding Obligation Seller has the power and authority to make, execute, deliver and perform this Agreement and the other Transaction Documents to which the Seller is a party and all of the transactions contemplated under this Agreement and the other Transaction Documents to which the Seller is a party, and has taken all necessary corporate action to authorize the execution, delivery and performance of this Agreement and the other Transaction Documents to which the Seller is a party. This Agreement and the other Transaction Documents to which the Seller is a party constitute the legal, valid and binding obligation of Seller enforceable in accordance with their terms, except as enforcement of such terms may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally and by the availability of equitable remedies.

  • Legal, Valid and Binding Obligation This Assignment constitutes a legal, valid and binding obligation of the Transferor enforceable against the Transferor in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors’ rights in general and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity);

  • Valid and Binding Obligation This Agreement constitutes the legal, valid and binding obligation of the Grantor, enforceable against the Grantor in accordance with its terms, except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium, and other laws of general application affecting enforcement of creditors’ rights generally, (ii) as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies, and (iii) to the extent the indemnification provisions contained in this Agreement may be limited by applicable federal or state securities laws.

  • Authorization and Binding Obligation The execution, delivery, and performance of this Agreement by Buyer have been duly authorized by all necessary actions on the part of Buyer. This Agreement has been duly executed and delivered by Buyer and constitutes the legal, valid, and binding obligation of Buyer, enforceable against Buyer in accordance with its terms except as the enforceability of this Agreement may be affected by bankruptcy, insolvency, or similar laws affecting creditors' rights generally and by judicial discretion in the enforcement of equitable remedies.

  • Valid Sale; Binding Obligation This Agreement evidences a valid sale, transfer and assignment of the Receivables, enforceable against creditors of and purchasers from the Seller, and constitutes a legal, valid and binding obligation of the Seller enforceable in accordance with its terms, except as enforceability may be subject to or limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights in general and by general principles of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at law.

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