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Common use of Security Provider Clause in Contracts

Security Provider. The Security Provider may not assign, delegate or transfer any of its rights or obligations under this Agreement without the consent of the Lenders, and any purported assignment, delegation or transfer in violation of this provision shall be void and of no effect.

Appears in 6 contracts

Samples: Security Agreement (Warp Technology Holdings Inc), Security Agreement (Warp Technology Holdings Inc), Security Agreement (Warp Technology Holdings Inc)

Security Provider. The No Security Provider may not assign, delegate or transfer any of its rights or obligations under this Agreement without the consent of the Security Agent (acting on behalf of the Majority Lenders), and any purported assignment, delegation or transfer in violation of this provision shall be void and of no effect.

Appears in 2 contracts

Samples: Security Agreement, Security Agreement (Iridium Communications Inc.)