Common use of Non-assignability; Termination Clause in Contracts

Non-assignability; Termination. 17.1 The rights and obligations of the parties under this Agreement and under any Transaction shall not be assigned by either party without the prior consent of the other party, and any such assignment without the prior consent of the other party shall be null and void. Subject to the foregoing, (i) this Agreement and any Transaction shall be binding upon and shall inure to the benefit of the parties and their respective successors and assigns; and (ii) a party may assign, charge or otherwise deal with all or any part of its interest in any sum payable to it under this Agreement, which, for the avoidance of doubt, means that the Client may use the interest in any sum payable to him/her hereunder for the purposes of securing credit facilities. 17.2 Each Party may terminate this Agreement by giving written notice to the other, except that Transactions under this Agreement shall, notwithstanding such notice, remain effective until all Transactions open at the time of the notice have been closed in a manner which is satisfactory to the Regulator. 17.3 All remedies hereunder shall survive the Termination of this Agreement in respect of the relevant Transaction and termination of this Agreement.

Appears in 4 contracts

Samples: Master Retail Repurchase Agreement, Master Retail Repurchase Agreement, Master Retail Repurchase Agreement

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Non-assignability; Termination. 17.1 The rights and obligations of the parties under this Agreement and under any Transaction shall not be assigned by either party without the prior written consent of the other party, and any such assignment without the prior written consent of the other party shall be null and void. Subject to the foregoing, (i) this Agreement and any Transaction shall be binding upon and shall inure to the benefit of the parties and their respective successors and assigns; and (ii) . This shall not preclude a party may assignfrom assigning, charge charging or otherwise deal dealing with all or any part of its interest in any sum payable to it under this Agreement, which, for . For the avoidance of doubt, doubt this means that the Client may use the interest in any sum payable to him/her hereunder for the purposes of securing credit facilities. 17.2 Each Party may terminate this Agreement by giving written notice to the other, except that Transactions under this Agreement shall, notwithstanding such notice, remain effective until all Transactions open at the time of the notice have been closed in a manner which is satisfactory to the Regulator. 17.3 All remedies hereunder shall survive the Termination of this Agreement in respect of the relevant Transaction and termination of this Agreement.

Appears in 4 contracts

Samples: Master Retail Repurchase Agreement, Master Retail Repurchase Agreement, Master Retail Repurchase Agreement

Non-assignability; Termination. 17.1 The rights and obligations of the parties under this Agreement and under any Transaction shall not be assigned by either party without the prior written consent of the other party, and any such assignment without the prior written consent of the other party shall be null and void. Subject to the foregoing, (i) this Agreement and any Transaction shall be binding upon and shall inure to the benefit of the parties and their respective successors and assigns; and (ii) . This shall not preclude a party may assignfrom assigning, charge charging or otherwise deal dealing with all or any part of its interest in any sum payable to it under this Agreement, which, for . For the avoidance of doubt, doubt this means that the Client may use the interest in any sum payable to him/her hereunder for the purposes of securing credit facilities. 17.2 Each Party may terminate this Agreement by giving written notice to the other, except that Transactions under this Agreement shall, notwithstanding such notice, remain ,r e m a i n effective until all Transactions open at the time of the notice have been closed in a manner which is satisfactory to the Regulator. 17.3 All remedies hereunder shall survive the Termination of this Agreement in respect of the relevant Transaction and termination of this Agreement.

Appears in 1 contract

Samples: Master Retail Repurchase Agreement

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Non-assignability; Termination. 17.1 The rights and obligations of the parties under this Agreement and under any Transaction shall not be assigned by either party without the prior consent of the other party, and any such assignment without the prior consent of the other party shall be null and void. Subject to the foregoing, (i) this Agreement and any Transaction shall be binding upon and shall inure to the benefit of the parties and their respective successors and assigns; and (ii) a party may assign, charge or otherwise deal with all or any part of its interest in any sum payable to it under this Agreement, which, for the avoidance of doubt, means that the Client may use the interest in any sum payable to him/him/ her hereunder for the purposes of securing credit facilities. 17.2 Each Party may terminate this Agreement by giving written notice to the other, except that Transactions under this Agreement shall, notwithstanding such notice, remain effective until all Transactions open at the time of the notice have been closed in a manner which is satisfactory to the Regulator. 17.3 All remedies hereunder shall survive the Termination of this Agreement in respect of the relevant Transaction and termination of this Agreement.

Appears in 1 contract

Samples: Master Retail Repurchase Agreement

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