Common use of Sale, Transfer, etc Clause in Contracts

Sale, Transfer, etc. No Junior Creditor shall sell, assign or otherwise transfer all or any portion of the Junior Debt or any Junior Debt Document unless prior to the consummation of any such action, the transferee thereof shall execute and deliver to Agent an agreement substantially identical to this Agreement, providing for the continued subordination and forbearance of the Junior Debt to the Senior Debt as provided herein and for the continued effectiveness of all of the rights of the Senior Creditors arising under this Agreement. Any failure to execute or deliver any such agreement shall make any attempted sale, assignment or other transfer of any portion of the Junior Debt or any Junior Debt Document void ab initio. The subordination effected hereby shall survive any sale, assignment, pledge, disposition or other transfer of all or any portion of the Junior Debt, and the terms of this Agreement shall be binding upon the successors and assigns of such Junior Creditor, as provided in Section 10 below.

Sale, Transfer, etc. No Junior Creditor shall not sell, assign assign, ------------------- pledge, dispose of or otherwise transfer all or any portion of the Junior Debt or any Junior Debt Document (i) without giving prior written notice of such action to Agent, and (ii) unless prior to the consummation of any such action, the transferee thereof shall execute and deliver to Agent an agreement substantially identical to this Agreement, providing for the continued subordination and forbearance of the Junior Debt to the Senior Debt as provided herein and for the continued effectiveness of all of the rights of the Senior Creditors Agent and Lenders arising under this Agreement. Any Notwithstanding the failure to execute or deliver any such agreement shall make any attempted saleagreement, assignment or other transfer of any portion of the Junior Debt or any Junior Debt Document void ab initio. The subordination effected hereby shall survive any sale, assignment, pledge, disposition or other transfer of all or any portion of the Junior Debt, and the terms of this Agreement shall be binding upon the successors and assigns of such Junior Creditor, as provided in Section 10 12 below.

Sale, Transfer, etc. No Junior Creditor shall not sell, assign assign, pledge, dispose of or otherwise transfer all or any portion of the Junior Debt or any Junior Debt Document (a) without giving prior written notice of such action to Senior Lender and (b) unless prior to the consummation of any such action, the transferee thereof shall execute and deliver to Agent Senior Lender an agreement substantially identical to this Agreement, providing for the continued subordination and forbearance of the Junior Debt to the Senior Debt as provided herein and for the continued effectiveness of all of the rights of the Senior Creditors Lender arising under this Agreement. Any Notwithstanding the failure to execute or deliver any such agreement shall make any attempted saleagreement, assignment or other transfer of any portion of the Junior Debt or any Junior Debt Document void ab initio. The subordination effected hereby shall survive any sale, assignment, pledge, disposition or other transfer of all or any portion of the Junior Debt, and the terms of this Agreement shall be binding upon the successors and assigns of such Junior Creditor, as provided in Section 10 17 below.

Sale, Transfer, etc. No The Junior Creditor shall not sell, assign assign, pledge, dispose of or otherwise transfer all or any portion of the Junior Debt or any Junior Debt Document (a) without giving prior written notice of such action to the Senior Creditor, and (b) unless prior to the consummation of any such action, the transferee thereof shall execute and deliver to Agent the Senior Creditor an agreement substantially identical to this Agreement, providing for the continued subordination and forbearance of the Junior Debt to the Senior Debt as provided herein and for the continued effectiveness of all of the rights of the Senior Creditors Creditor and holders of the Senior Debt arising under this Agreement. Any Notwithstanding the failure to execute or deliver any such agreement shall make any attempted saleagreement, assignment or other transfer of any portion of the Junior Debt or any Junior Debt Document void ab initio. The subordination effected hereby shall survive any sale, assignment, pledge, disposition or other transfer of all or any portion of the Junior Debt, and the terms of this Agreement shall be binding upon the successors and assigns of such the Junior Creditor, as provided in Section 10 below.

Sale, Transfer, etc. No Junior Creditor shall sell, assign assign, pledge, dispose of or otherwise transfer all or any portion of the Junior Debt or any Junior Debt Document (a) without giving prior written notice of such action to Lessor, (b) unless prior to the consummation of any such action, the transferee thereof shall execute and deliver to Agent Lessor an agreement substantially identical to this Agreement, providing for the continued subordination and forbearance of the Junior Debt to the Senior Debt Obligations as provided herein and for the continued effectiveness of all of the rights of the Senior Creditors Lessor arising under this AgreementAgreement and (c) unless such sale, assignment, pledge, disposition or other transfer is permitted under the terms of the Junior Debt Documents. Any Notwithstanding the failure to execute or deliver any such agreement shall make any attempted saleagreement, assignment or other transfer of any portion of the Junior Debt or any Junior Debt Document void ab initio. The subordination effected hereby shall survive any sale, assignment, pledge, disposition or other transfer of all or any portion of the Junior Debt, and the terms of this Agreement shall be binding upon the successors and assigns of such the Junior CreditorCreditors, as provided in Section 10 15 below.