Common use of Continuing Obligation; Benefits Clause in Contracts

Continuing Obligation; Benefits. This Agreement, and each and every provision hereof, is a continuing obligation and shall (i) be binding upon the Borrower and the Bank, their successors and assigns, and (ii) inure to the benefit of and be enforceable by the Borrower and Bank and their successors and assigns; provided, that the Borrower may not assign all or any part of this Agreement without the prior written consent of Bank, which consent may be granted or withheld in the sole discretion of Bank.

Appears in 5 contracts

Samples: Loan Agreement (First Franklin Financial Corp), Loan and Security Agreement (Petmed Express Inc), Loan Agreement (Levitt Corp)

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Continuing Obligation; Benefits. This Agreement, and each and every ------------------------------- provision hereof, is a continuing obligation and shall (i) be binding upon the Borrower and the Bank, their successors and assigns, and (ii) inure to the benefit of and be enforceable by the Borrower and Bank and their successors and assigns; provided, that the Borrower may not assign all or any part of this -------- Agreement without the prior written consent of Bank, which consent may be granted or withheld in the sole discretion of Bank.

Appears in 2 contracts

Samples: Loan and Security Agreement (Color Imaging Inc), Loan and Security Agreement (Color Imaging Inc)

Continuing Obligation; Benefits. This Agreement, and each and every provision hereof, is a continuing obligation and shall (ia) be binding upon the Borrower and the Bank, their successors and assigns, and (iib) inure to the benefit of and be enforceable by the Borrower and Bank and their successors and assigns; provided, that the Borrower may not assign all or any part of this Agreement without the prior written consent of Bank, which consent may be granted or withheld in the sole discretion of Bank.

Appears in 1 contract

Samples: Loan and Security Agreement (Color Imaging Inc)

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Continuing Obligation; Benefits. This Agreement, and each and every provision hereof, is a continuing obligation and shall (i) be binding upon the Borrower and the BankLenders, their successors and assigns, and (ii) inure to the benefit of and be enforceable by the Borrower and Bank Lenders and their successors and assigns; provided, that the Borrower may not assign all or any part of this Agreement without the prior written consent of BankLenders, which consent may be granted or withheld in the sole discretion of BankLenders.

Appears in 1 contract

Samples: Loan and Security Agreement (Comtech Telecommunications Corp /De/)

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