Successors and Assigns; Assignments. This Agreement shall bind and inure to the benefit of and be enforceable by Clearing Bank, Borrower, and Lender and their respective successors and permitted assigns. Lender shall have the right to assign or transfer its rights under this Agreement in connection with any assignment of the Loan and the Loan Documents. Borrower shall not have the right to assign or transfer its rights or obligations under this Agreement without the prior written consent of Lender.
Appears in 2 contracts
Samples: Clearing Account Agreement, Clearing Account Agreement (Powercold Corp)
Successors and Assigns; Assignments. This Agreement shall bind and inure to the benefit of and be enforceable by Clearing Bank, Borrower, Manager and Lender and their respective successors and permitted assigns. Lender shall have the right to assign or transfer its rights under this Agreement in connection with any assignment of the Loan and the Loan Documents. Borrower shall not have the right to assign or transfer its rights or obligations under this Agreement without the prior written consent of Lender.
Appears in 1 contract
Samples: Clearing Account Agreement (Moody National REIT I, Inc.)
Successors and Assigns; Assignments. This Agreement shall bind be ----------------------------------- binding upon and inure to the benefit of the Borrower and be enforceable by Clearing Bank, Borrower, and the Lender and their respective successors and permitted assigns. The Lender shall have the right to may assign or transfer any of its rights or obligations under this Agreement in connection with any assignment of to an affiliate; the Loan and the Loan Documents. Borrower shall may not have the right to assign or transfer any of its rights or obligations under this Agreement without the prior written consent of the Lender.
Appears in 1 contract