Common use of Effectiveness; Binding Effect; Assignability Clause in Contracts

Effectiveness; Binding Effect; Assignability. (a) This Agreement shall become effective on the Closing Date and shall, from and after such date, be binding upon and inure to the benefit of the Seller and the Purchaser and their respective successors and permitted assigns. The Seller may not assign any of its rights or delegate any of its duties hereunder without the prior written consent of the Purchaser. No provision of this Agreement shall in any manner restrict the ability of the Purchaser to assign, participate, grant security interests in, or otherwise transfer any of their rights or remedies hereunder.

Appears in 4 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Imperial Holdings, Inc.), Purchase and Sale Agreement (Imperial Holdings, Inc.)

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Effectiveness; Binding Effect; Assignability. (a) This Agreement shall become effective on the Closing Date and shall, from and after such date, be binding upon and inure to the benefit of the Seller and the Purchaser and their respective successors and permitted assignsassignees. The Seller may not assign any of its rights or delegate any of its duties hereunder without the prior written consent of the Purchaser. No provision of this Agreement shall in any manner restrict the ability of the Purchaser (or any Person claiming by or though the Purchaser as an assignee of the Purchaser) to assign, participate, grant security interests in, in or otherwise transfer any of their its rights or remedies hereunder.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Business Development Corp of America)

Effectiveness; Binding Effect; Assignability. (a) This Agreement shall become effective on the Closing Date and shall, from and after such date, be binding upon and inure to the benefit of each of the Seller Sellers and the Purchaser and their respective successors and permitted assigns. The Seller None of the Sellers may not assign any of its their rights or delegate any of its their duties hereunder or any interest herein without the prior written consent of the PurchaserAgent. No provision of this Agreement shall in any manner restrict the ability of the Purchaser (or the Company or any Bank Investor as assignees of the Purchaser) to assign, participate, grant security interests in, or otherwise transfer any of their rights or remedies hereunder.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Lci International Inc /Va/)

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Effectiveness; Binding Effect; Assignability. (a) This Agreement shall become effective on the Closing Date and shall, from and after such date, be binding upon and inure to the benefit of the Seller and the Purchaser and their respective successors and permitted assigns. The Seller may not assign any of its rights or delegate any of its duties hereunder without the prior written consent of the PurchaserPurchaser and the Trustee. No provision of this Agreement shall in any manner restrict the ability of the Purchaser (or the Trustee or any Noteholder as assignees of the Purchaser) to assign, participate, grant security interests in, or otherwise transfer any of their rights or remedies hereunder.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (Wentworth J G & Co Inc)

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