Common use of Successors and Assigns; Disposition of Loans Clause in Contracts

Successors and Assigns; Disposition of Loans. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, except that the Borrower may not assign its rights or delegate its obligations hereunder without the prior written consent of the Lender. The Lender may at any time sell, assign, transfer, grant participations in, or otherwise dispose of any portion of the Advances to banks or other financial institutions. The Lender may disclose any information regarding the Borrower in the Lender's possession to any prospective buyer or participant.

Appears in 5 contracts

Samples: Financing Agreement (Reuter Manufacturing Inc), Financing Agreement (Futech Interactive Products Inc), Financing Agreement (Insignia Systems Inc/Mn)

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Successors and Assigns; Disposition of Loans. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, legal representatives, successors and assigns, except that the Borrower may not assign its rights or delegate its obligations hereunder without the prior written consent of the Lender. The Lender may at any time sell, assign, transfer, grant participations in, or otherwise dispose of any portion of the Advances Loan to banks or other financial institutions. The Lender may disclose any information regarding the Borrower in the Lender's possession to any prospective buyer or participant.

Appears in 4 contracts

Samples: Loan Agreement (Whetstone Ethanol LLC), Loan Agreement (Avecor Cardiovascular Inc), Loan Agreement (Applied Epi Inc)

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