Common use of Successors and Assigns; Assignments Clause in Contracts

Successors and Assigns; Assignments. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that the Administrator may not assign or transfer any or all its rights and obligations hereunder without the prior written consent of the Managing Member and the Subordinated Lender. Any assignment or transfer of rights or obligations under this Agreement that does not comply with this Section shall be null and void.

Successors and Assigns; Assignments. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that the Administrator may not assign or transfer any or all its rights and obligations hereunder without the prior written consent of the Managing Member and the Subordinated LenderMember. Any assignment or transfer of rights or obligations under this Agreement that does not comply with this Section shall be null and void.

Successors and Assigns; Assignments. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that neither the Administrator nor the Escrow Agent may not assign or transfer any or all its rights and obligations hereunder without the prior written consent of the Managing Member and the Subordinated LenderMember. Any assignment or transfer of rights or obligations under this Agreement that does not comply with this Section 6.06 shall be null and void.