Common use of Joint and Several; Successors and Assigns Clause in Contracts

Joint and Several; Successors and Assigns. If there is more than one Borrower, each of them shall be jointly and severally liable for all amounts, which become due, and the performance of all obligations under this Agreement, and the term “the Borrower” shall include each as well as all of them. This Agreement shall be binding upon the Borrower and upon its heirs and legal representatives, its successors and assignees, and shall inure to the benefit of, and be enforceable by, the Bank, its successors and assignees and each direct or indirect assignee or other transferee of any of the Obligations; provided, however, that this Agreement may not be assigned by the Borrower without the prior written consent of the Bank.

Appears in 24 contracts

Samples: Credit Agreement (Corning Natural Gas Holding Corp), Credit Agreement (Corning Natural Gas Holding Corp), Credit Agreement (Corning Natural Gas Holding Corp)

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Joint and Several; Successors and Assigns. If there is more than one BorrowerDebtor, each of them shall be jointly and severally liable for all amounts, which become due, and the performance of all obligations under this Agreement, Agreement and the term “the BorrowerDebtor” shall include each as well as all of them. This Agreement shall be binding upon the Borrower Debtor and upon its heirs and legal representatives, its successors and assignees, and shall inure to the benefit of, and be enforceable by, the BankSecured Party, its successors and assignees and each direct or indirect assignee or other transferee of any of the Obligations; provided, however, that this Agreement may not be assigned by the Borrower Debtor without the prior written consent of the BankSecured Party.

Appears in 20 contracts

Samples: General Security Agreement (Rand Capital Corp), General Security Agreement (Corning Natural Gas Holding Corp), General Security Agreement (Corning Natural Gas Holding Corp)

Joint and Several; Successors and Assigns. If there is more than one BorrowerDebtor, each of them shall be jointly and severally liable for all amounts, which become due, and the performance of all obligations under this Agreement, Agreement and the term “the Borrower” "Debtor" shall include each as well as all of them. This Agreement shall be binding upon the Borrower Debtor and upon its heirs and legal representatives, its successors and assignees, and shall inure to the benefit of, and be enforceable by, the BankSecured Party, its successors and assignees and each direct or indirect assignee or other transferee of any of the Obligations; provided, however, that this Agreement may not be assigned by the Borrower Debtor without the prior written consent of the BankSecured Party.

Appears in 6 contracts

Samples: Specific Security Agreement (Corning Natural Gas Corp), Specific Security Agreement (Corning Natural Gas Corp), General Security Agreement (Pro Fac Cooperative Inc)

Joint and Several; Successors and Assigns. If there is more than one Borrower, each of them shall be jointly and severally liable for all amounts, which become due, and the performance of all obligations under this Agreement, and the term "the Borrower" shall include each as well as all of them. This Agreement shall be binding upon the Borrower and upon its heirs and legal representatives, its successors and assignees, and shall inure to the benefit of, and be enforceable by, the Bank, its successors and assignees and each direct or indirect assignee or other transferee of any of the Obligations; provided, however, that this Agreement may not be assigned by the Borrower without the prior written consent of the Bank.

Appears in 6 contracts

Samples: Credit Agreement (Corning Natural Gas Corp), Credit Agreement (Corning Natural Gas Corp), Blue Ridge Real Estate Co

Joint and Several; Successors and Assigns. If there is more than one Borrower, each of them shall be jointly and severally liable for all amounts, which become due, and the performance of all obligations under this Agreement, and the term “the Borrower” shall include each as well as all of them. This Agreement shall be binding upon the Borrower and upon its heirs and legal representatives, its successors and assignees, and shall inure to the benefit of, and be enforceable by, the Bank, its successors and assignees and each direct or indirect assignee or other transferee of any of the ObligationsLoan; provided, however, that this Agreement may not be assigned by the Borrower without the prior written consent of the Bank.

Appears in 1 contract

Samples: Credit Agreement (ARKO Corp.)

Joint and Several; Successors and Assigns. If there is more than one Borrower, each of them shall be jointly and severally liable for all amounts, which become due, and the performance of all obligations under this Agreement, and the term “the Borrower” shall include each as well as all of them. This Agreement shall be binding upon the Borrower and Bank and upon its their heirs and legal representatives, its their successors and assignees, and shall inure to the benefit of, and be enforceable by, the Bank, its the Borrower and their successors and assignees and each direct or indirect assignee or other transferee of any of the Obligations; provided, however, that this Agreement may not be assigned by the Borrower without the prior written consent of the Bank.

Appears in 1 contract

Samples: Credit Agreement (Youbet Com Inc)

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Joint and Several; Successors and Assigns. If there is more than one Borrower, each of them shall be jointly and severally liable for all amounts, which become due, and the performance of all obligations under this Agreement, and the term “the Borrower” shall include each as well as all of them. This Agreement shall be binding upon the Borrower Borrowers and upon its their heirs and legal representatives, its their successors and assignees, and shall inure to the benefit of, and be enforceable by, the Bank, its successors and assignees and each direct or indirect assignee or other transferee of any of the Obligations; provided, however, that this Agreement may not be assigned by the Borrower without the prior written consent of the Bank.

Appears in 1 contract

Samples: Credit Agreement (GTJ REIT, Inc.)

Joint and Several; Successors and Assigns. If there is more than one Borrower, each of them shall be jointly and severally liable for all amounts, which become due, and the performance of all obligations under this Agreement, and the term "the Borrower" shall include each as well as all of them. This Agreement shall be binding upon the Borrower and upon its heirs and legal representatives, its successors and assignees, and shall inure to the benefit of, and be enforceable by, the BankBank and MIDFA, its their successors and assignees and each direct or indirect assignee or other transferee of any of the Obligations; provided, however, that this Agreement may not be assigned by the Borrower without the prior written consent of the BankBank and MIDFA.

Appears in 1 contract

Samples: Credit Agreement (Advancis Pharmaceutical Corp)

Joint and Several; Successors and Assigns. If there is more than one BorrowerDebtor, each of them shall be jointly and severally liable for all amounts, which become due, and the performance of all obligations under this Agreement, Agreement and the term “the Borrower” "Debtor" shall include each as well as all of them. This Agreement shall be binding upon the Borrower Debtor and upon its heirs and legal representatives, its successors and assignees, and shall inure to the benefit of, and be enforceable by, the BankSecured Party, its successors and assignees and each direct or indirect assignee or other transferee of any of the Obligations; provided, however, that this Agreement may not be assigned by the Borrower Debtor without the prior written consent of the BankSecured Party and MIDFA.

Appears in 1 contract

Samples: Specific Security Agreement (Advancis Pharmaceutical Corp)

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