Common use of Lender’s Assignment Clause in Contracts

Lender’s Assignment. The rights of Lender and its assigns hereunder shall not be impaired by Lender's sale, hypothecation or rehypothecation of any Note of the Borrowers or any item of the collateral or by any indulgence, including but not limited to (a) any renewal, extension, or modification which Lender may grant with respect to the indebtedness or any part thereof or (b) any surrender, compromise, release, renewal, extension, exchange or substitution which Lender may grant in respect to the collateral, or (c) any indulgence granted in respect of any endorser, guarantor, or surety. The purchaser assignee, transferee or pledgee of this Agreement, the Note, the Warrants, the Security Agreement, Subordination Agreements, Financing Statements, Collateral, and any other document (or any of them), sold, assigned, transferred, pledged or repledged, shall forthwith become vested with and entitled to exercise all the powers and rights given by this Agreement as if said purchaser, assignee, transferee, or pledgee were originally named as Lender in said documents.