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Common use of RIGHTS OF Clause in Contracts

RIGHTS OF. ASSIGNEE Any assignee, transferee or sub-participant of a Bank shall (unless limited by the express terms of the assignment, transfer or sub-participation) take the full benefit of every provision of the Security Documents benefiting that Bank.

Appears in 3 contracts

Samples: Loan Facility Agreement, Secured Loan Facility Agreement (Euroseas Ltd.), Loan Facility Agreement (Stolt Offshore S A)

RIGHTS OF. ASSIGNEE Any assignee, assignee or transferee or sub-participant of a Bank shall (unless limited by the express terms of the assignment, transfer assignment or sub-participationtransfer) take the full benefit of every provision of the Security Documents benefiting benefitting that Bank.

Appears in 1 contract

Samples: Loan Facility Agreement (Arlington Tankers Ltd.)