Common use of Modification or Termination Clause in Contracts

Modification or Termination. The Loan Documents may only be amended, modified or terminated by a written instrument executed by Lender and each Borrower Party (who is a party to the Loan Document being amended, modified or terminated). Notwithstanding the foregoing, Borrower agrees that it will be bound by any written amendment or modification of the Loan Documents between Lender and any subsequent owner of the Collateral, with or without notice to Borrower, and Borrower's obligations under the Loan Documents will not be impaired because of any such amendment or modification. This Section does not permit Borrower to transfer any of the Collateral.

Appears in 2 contracts

Samples: Loan Agreement (Educational Development Corp), Loan Agreement (Educational Development Corp)

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Modification or Termination. The Loan Documents may only be amended, modified or terminated by a written instrument executed by Lender Lxxxxx and each Borrower Party (who is a party to the Loan Document being amended, modified or terminated). Notwithstanding the foregoing, Borrower Bxxxxxxx agrees that it will be bound by any written amendment or modification of the Loan Documents between Lender and any subsequent owner of the Collateral, with or without notice to Borrower, and BorrowerBxxxxxxx's obligations under the Loan Documents will not be impaired because of any such amendment or modification. This Section does not permit Borrower to transfer any of the Collateral.

Appears in 1 contract

Samples: Loan Agreement (CRAWFORD UNITED Corp)

Modification or Termination. The Loan Documents may only be amended, modified or terminated by a written instrument executed by Lender Xxxxxx and each Borrower Party (who is a party to the Loan Document being amended, modified or terminatedDocument). Notwithstanding the foregoing, Borrower Xxxxxxxx agrees that it will be bound by any written amendment or modification of the Loan Documents between Lender and any subsequent owner of the Collateral, with or without notice to Borrower, and Borrower's Xxxxxxxx’s obligations under the Loan Documents will not be impaired because of any such amendment or modification. This Section does not permit Borrower to transfer any of the Collateral.

Appears in 1 contract

Samples: Loan Agreement

Modification or Termination. The Loan Documents may only be amended, modified or terminated by a written instrument executed by Lender and each Borrower Party (who is a party to the Loan Document being amended, modified or terminatedDocument). Notwithstanding the foregoing, Borrower agrees that it will be bound by any written amendment or modification of the Loan Documents between Lender and any subsequent owner of the Collateral, with or without notice to Borrower, and Borrower's ’s obligations under the Loan Documents will not be impaired because of any such amendment or modification. This Section does not permit Borrower to transfer any of the Collateral.

Appears in 1 contract

Samples: Loan Agreement (ParagonCoin, LTD)

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Modification or Termination. The Loan Documents may only be amended, modified or terminated by a written instrument executed by Lender and each Borrower Party (who is a party to the Loan Document being amended, modified or terminated). Notwithstanding the foregoing, Borrower agrees that it will be bound by any written amendment or modification of the Loan Documents between Lender and any subsequent owner of the Collateral, with or without notice to Borrower, and Borrower's obligations under the Loan Documents will not be impaired because of any such amendment or modification. This Section does not permit Borrower to transfer any of the Collateral.

Appears in 1 contract

Samples: Loan Agreement (Arcadia Biosciences, Inc.)

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