Common use of NO ASSIGNMENT BY THE BORROWERS Clause in Contracts

NO ASSIGNMENT BY THE BORROWERS. The Borrowers and any other parties to the Security Documents (other than the Bank) may not assign any rights and/or obligations under this Agreement or any of the other Security Documents or any documents executed pursuant to this Agreement and/or the other Security Documents.

Appears in 2 contracts

Samples: Loan Agreement (Poseidon Containers Holdings Corp.), Loan Agreement (Costamare Inc.)

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NO ASSIGNMENT BY THE BORROWERS. The Borrowers and any other parties to the Security Documents (other than the Bank) may not assign any rights and/or obligations under this Agreement or any of the other Security Documents or any documents executed pursuant to this Agreement and/or the other Security Documents.

Appears in 1 contract

Samples: Loan Agreement (Euroseas Ltd.)

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NO ASSIGNMENT BY THE BORROWERS. The Borrowers and any other parties to the Security Documents (other than the Bank may not (without the prior written consent of the Bank) may not assign or transfer any of its rights and/or obligations under this Agreement or any of the other Security Documents or any documents executed pursuant to this Agreement and/or the other Security Documents.

Appears in 1 contract

Samples: Loan Agreement (FreeSeas Inc.)

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