Common use of Successors and Assigns; Amendment Clause in Contracts

Successors and Assigns; Amendment. This Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns; provided, however, no Borrower may assign this Amendment or any of its respective rights hereunder without the Agent’s and each Lender’s prior written consent. Any prohibited assignment of this Amendment shall be absolutely null and void. This Amendment may only be amended or modified by a writing signed by the Agent, each Lender and the Borrowers.

Appears in 6 contracts

Samples: Credit Agreement (SoftBrands, Inc.), Credit Agreement (SoftBrands, Inc.), Credit Agreement (SoftBrands, Inc.)

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Successors and Assigns; Amendment. This Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns; provided, however, no Borrower may assign this Amendment or any of its respective rights hereunder without the Agent’s and each Lender’s 's prior written consent. Any prohibited assignment of this Amendment shall be absolutely null and void. This Amendment may only be amended or modified by a writing signed by the Agent, each Lender and the Borrowers.

Appears in 3 contracts

Samples: Credit Agreement (Easylink Services Corp), Credit Agreement (Easylink Services Corp), Credit Agreement (Easylink Services Corp)

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Successors and Assigns; Amendment. This Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns; provided, however, no Borrower may not assign this Amendment or any of its respective rights hereunder without the Agent’s and each Lender’s 's prior written consent. Any prohibited assignment of this Amendment shall be absolutely null and void. This Amendment may only be amended or modified by a writing signed by the Agent, each Lender and the BorrowersBorrower.

Appears in 2 contracts

Samples: Loan and Security Agreement (Viskase Companies Inc), Loan and Security Agreement (Viskase Companies Inc)

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