Common use of Parties Benefited Clause in Contracts

Parties Benefited. (a) This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. Neither this Agreement nor any right or obligation in or under this Agreement may be transferred (whether by way of security or otherwise) or delegated by either party without the prior written consent of the other party, except that (i) a party may make a transfer of all (but not less than all) of its rights and obligations under this Agreement pursuant to a consolidation or amalgamation with, or merger with or into, or transfer of all or substantially all its assets to, another entity, and (ii) the Issuer may assign and transfer its rights hereunder to the Trustee under the Indenture. Any purported transfer that is not in compliance with this provision will be void.

Appears in 6 contracts

Samples: Master Participation and Assignment Agreement (BC Partners Lending Corp), Master Participation Agreement (Bain Capital Specialty Finance, Inc.), Master Participation and Assignment Agreement (Bain Capital Specialty Finance, Inc.)

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Parties Benefited. (a) This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. Neither this Agreement nor any right or obligation in or under this Agreement may be transferred (whether by way of security or otherwise) or delegated by either party without the prior written consent of the other party, except that (i) a party the Transferor may make a transfer of all (but not less than all) of its rights and obligations under this Agreement pursuant to a consolidation or amalgamation with, or merger with or into, or transfer of all or substantially all its assets to, another entity, entity and (ii) the Issuer Transferee may assign and transfer gxxxx x xxxx on all of its rights hereunder to under this Agreement under and in accordance with the Trustee under Credit Agreement entered into in connection with the IndentureFinancing Transaction. Any purported transfer that is not in compliance with this provision will be void.

Appears in 1 contract

Samples: Master Participation and Assignment Agreement (CION Investment Corp)

Parties Benefited. (a) This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. Neither this Agreement nor any right or obligation in or under this Agreement may be transferred (whether by way of security or otherwise) or delegated by either party without the prior written consent of the other party, except that (i) a party the Transferor may make a transfer of all (but not less than all) of its rights and obligations under this Agreement pursuant to a consolidation or amalgamation with, or merger with or into, or transfer of all or substantially all its assets to, another entity, entity and (ii) the Issuer Transferee may assign and transfer xxxxx x xxxx on all of its rights hereunder to under this Agreement under and in accordance with the Trustee under Credit Agreement entered into in connection with the IndentureFinancing Transaction. Any purported transfer that is not in compliance with this provision will be void.

Appears in 1 contract

Samples: Master Participation and Assignment Agreement (CION Investment Corp)

Parties Benefited. (a) This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. Neither this Agreement nor any right or obligation in or under this Agreement may be transferred (whether by way of security or otherwise) or delegated by either party without the prior written consent of the other party, except that (i) a party may make a transfer of all (but not less than all) of its rights and obligations under this Agreement pursuant to a consolidation or amalgamation with, or merger with or into, or transfer of all or substantially all its assets to, another entity, entity and (ii) the Issuer Transferee may assign and transfer xxxxx x xxxx on all of its rights hereunder to under this Agreement under and in accordance with the Trustee under Credit Agreement entered into in connection with the IndentureLending Transaction. Any purported transfer that is not in compliance with this provision will be void. No Person shall be a third party beneficiary of this Agreement.

Appears in 1 contract

Samples: Master Sale and Participation Agreement (Owl Rock Core Income Corp.)

Parties Benefited. (a) This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. Neither this Agreement nor any right or obligation in or under this Agreement may be transferred (whether by way of security or otherwise) or delegated by either party without the prior written consent of the other party, except that (i) a party may make a transfer of all (but not less than all) of its rights and obligations under this Agreement pursuant to a consolidation or amalgamation with, or merger with or into, or transfer of all or substantially all its assets to, another entity, entity and (ii) the Issuer Transferee may assign and transfer xxxxx x xxxx on all of its rights hereunder to under this Agreement under and in accordance with the Trustee under Indenture entered into in connection with the IndentureNotes Transaction. Any purported transfer that is not in compliance with this provision will be void.

Appears in 1 contract

Samples: Master Participation and Assignment Agreement (CM Finance Inc)

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Parties Benefited. (a) This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. Neither this Agreement nor any right or obligation in or under this Agreement may be transferred (whether by way of security or otherwise) or delegated by either party without the prior written consent of the other party, except that (i) a party may make a transfer of all (but not less than all) of its rights and obligations under this Agreement pursuant to a consolidation or amalgamation with, or merger with or into, or transfer of all or substantially all its assets to, another entity, and (ii) Buyer may xxxxx x xxxx on its rights hereunder under the Issuer Loan Agreement and the other Transaction Documents (under and as defined in the Loan Agreement) and (iii) Buyer may assign and transfer its rights hereunder to the Trustee under the IndentureAdministrative Agent. Any purported transfer that is not in compliance with this provision will be void.

Appears in 1 contract

Samples: Participation and Assignment Agreement (Stepstone Private Credit Fund LLC)

Parties Benefited. (a) This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. Neither this Agreement nor any right or obligation in or under this Agreement may be transferred (whether by way of security or otherwise) or delegated by either party without the prior written consent of the other party, except that (i) a party may make a transfer of all (but not less than all) of its rights and obligations under this Agreement pursuant to a consolidation or amalgamation with, or merger with or into, or transfer of all or substantially all its assets to, another entity, and (ii) the Issuer may assign and transfer its rights hereunder to the Collateral Trustee under the Indenture. Any purported transfer that is not in compliance with this provision will be void.

Appears in 1 contract

Samples: Master Participation Agreement (Barings Private Credit Corp)

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