Common use of Enforceability; Successors and Assigns Clause in Contracts

Enforceability; Successors and Assigns. This Agreement will be binding upon and inure to the benefit of and is enforceable by the respective successors and permitted assigns of the parties hereto. This Agreement may not be assigned by the Borrower hereto without the prior written consent of the Agent and each Lender. Any assignment or attempted assignment in contravention of this Section will be void ab initio and will not relieve the assigning party of any obligation under this Agreement.

Appears in 3 contracts

Samples: Credit Agreement, Credit Agreement (XINHUA SPORTS & ENTERTAINMENT LTD), Credit Agreement

AutoNDA by SimpleDocs

Enforceability; Successors and Assigns. (a) Enforceability; Successors and Assigns. This Agreement will be binding upon and inure to the benefit of and is enforceable by the respective successors and permitted assigns of the parties hereto. This Agreement may not be assigned by the Borrower hereto without the prior written consent of the Agent and each Lender. Any assignment or attempted assignment in contravention of this Section will be void ab initio and will not relieve the assigning party of any obligation under this Agreement.

Appears in 2 contracts

Samples: Security Agreement (Scan Optics Inc), Assignment Agreement (Xinhua Finance Media LTD)

Enforceability; Successors and Assigns. This Agreement will be binding upon and inure inures to the benefit of and is enforceable by the respective successors and permitted assigns of the parties hereto. This Agreement may not be assigned by the Borrower any party hereto without the prior written consent of the Agent and each Lenderall other parties hereto. Any assignment or attempted assignment in contravention of this Section will be void ab initio and will not relieve the assigning party of any obligation under this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Pick Communications Corp)

Enforceability; Successors and Assigns. (a) Enforceability; Successors and Assigns. This Agreement will be binding upon and inure to the benefit of and is enforceable by the respective successors and permitted assigns of the parties hereto. This Agreement may not be assigned by the any Borrower hereto without the prior written consent of the Agent and each Lender. Any assignment or attempted assignment in contravention of this Section will be void ab -------- initio and will not relieve the assigning party of any obligation ------ under this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Mediabay Inc)

AutoNDA by SimpleDocs

Enforceability; Successors and Assigns. This Agreement will be binding upon and inure to the benefit of and is enforceable by the respective successors and permitted assigns of the parties hereto. This Agreement may not be assigned by the Borrower hereto without the prior written consent of Lender and may not be assigned by Xxxxxx (other than to any of its Affiliates) without the Agent and each Lenderprior written consent of Xxxxxxxx. Any assignment or attempted assignment in contravention of this Section 10.4 will be void ab initio and will not relieve the assigning party of any obligation under this Agreement.

Appears in 1 contract

Samples: Credit and Security Agreement (Transphorm, Inc.)

Enforceability; Successors and Assigns. This Agreement will be binding upon and inure to the benefit of and is enforceable by the respective successors and permitted assigns of the parties hereto. This Agreement may not be assigned by the Borrower hereto without the prior written consent of the Agent and each LenderXxxxxx. Any assignment or attempted assignment in contravention of this Section 9.4 will be void ab initio and will not relieve the assigning party of any obligation under this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Esports Technologies, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.