Liability; Successors and Assigns. If any party hereto consists of more than one person, the obligations and liabilities of each such person hereunder shall be joint and several. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns forever.
Appears in 3 contracts
Samples: Mortgage and Security Agreement (FelCor Lodging LP), Loan Agreement and Other Loan Documents (FelCor Lodging Trust Inc), Loan Agreement and Other Loan Documents (Sothebys)
Liability; Successors and Assigns. If any party of the parties hereto consists of more than one person, the obligations and liabilities of each such person Person hereunder shall be joint and several. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns forever.
Appears in 2 contracts
Samples: Cash Management Agreement (Supertel Hospitality Inc), Loan Agreement (Supertel Hospitality Inc)
Liability; Successors and Assigns. If any party hereto consists of more than one personPerson, the obligations and liabilities of each such person Person hereunder shall be joint and several. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns forever; provided, however, that no interest herein may be assigned by Borrower or Guarantor without the prior written consent of Lender.
Appears in 2 contracts
Samples: Loan Agreement (Clipper Realty Inc.), Loan Agreement (Clipper Realty Inc.)
Liability; Successors and Assigns. If any party hereto consists of more than one personPerson, the obligations and liabilities of each such person Person hereunder shall be joint and several. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns forever.
Appears in 1 contract
Samples: Loan Agreement (FelCor Lodging LP)
