Parties Bound; Assignment. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors, assigns and legal representatives; provided, however, that except as provided in the Loan Agreement or herein, Indemnitors may not, without the prior written consent of Lender, assign any of their rights, powers, duties or obligations hereunder.
Appears in 6 contracts
Samples: Environmental Indemnity (Lodgian Inc), Environmental Indemnity (Lodgian Inc), Environmental Indemnity Agreement (Lodgian Inc)
Parties Bound; Assignment. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors, assigns and legal representativesrepresentatives and an assignment by any Secured Party of all or any part of its interest in the Loans (as and to the extent permitted under the Loan Agreement) shall not affect the liability of the Guarantor hereunder; provided, however, that except as provided in Section 5.15, the Loan Agreement or herein, Indemnitors Guarantor may not, without the prior written consent of LenderAdministrative Agent, assign any of their its rights, powers, duties or obligations hereunder.
Appears in 2 contracts
Samples: Sponsor Guaranty (Bluerock Residential Growth REIT, Inc.), Sponsor Guaranty (Bluerock Residential Growth REIT, Inc.)
Parties Bound; Assignment. This Agreement shall be binding upon and shall inure to the benefit of the parties hereto Debtor, VPS and Secured Party, and their respective successors, assigns successors and legal representativesassigns; provided, however, that except as provided in the Loan Agreement or herein, Indemnitors Obligors may not, not assign any of their respective rights hereunder without the prior written consent of Lenderthe Secured Party, assign and any of their rights, powers, duties or obligations hereundersuch assignment made without such consent will be void.
Appears in 1 contract
Samples: Security Agreement (Secured Financial Network, Inc.)