Common use of Successors and Assigns; Participants Clause in Contracts

Successors and Assigns; Participants. All covenants and agreements made by or on behalf of the Borrower in this Agreement, the Notes and the Collateral Documents shall bind its successors and assigns and shall inure to the benefit of the Agent and the Banks and their respective successors and assigns. The Borrower may not assign its rights or obligations under this Agreement.

Appears in 3 contracts

Samples: Loan Agreement (GMX Resources Inc), Loan Agreement (GMX Resources Inc), Loan Agreement (GMX Resources Inc)

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Successors and Assigns; Participants. (a) All covenants and agreements made by or on behalf of the Borrower in this Agreement, the Notes Note and the Collateral Documents shall bind its successors and assigns and shall inure to the benefit of the Agent Lender and the Banks and their respective its successors and assigns. The Borrower may not assign its rights or obligations under this Agreement.

Appears in 3 contracts

Samples: Loan Agreement (Exploration Co of Delaware Inc), Loan Agreement (Venus Exploration Inc), Loan Agreement (GMX Resources Inc)

Successors and Assigns; Participants. All covenants and agreements made by or on behalf of the Borrower in this Agreement, the Notes and the Collateral Loan Documents shall bind its successors and assigns and shall inure to the benefit of the Agent and the Banks Lenders and their respective successors and assigns. The Borrower may not assign its rights or obligations under this Agreement.

Appears in 2 contracts

Samples: Loan Agreement (GMX Resources Inc), Loan Agreement (GMX Resources Inc)

Successors and Assigns; Participants. (a) All covenants and agreements made contained by or on behalf of the Borrower in this Agreement, the Notes Note and the Collateral Documents to which it is a party shall bind its successors and assigns and shall inure to the benefit of the Agent Lender and the Banks and their respective its successors and assigns. The Borrower may not assign its rights or obligations under this Agreement.

Appears in 1 contract

Samples: Loan Agreement (International Shipholding Corp)

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Successors and Assigns; Participants. (a) All covenants and agreements made by or on behalf of the Borrower in this Agreement, the Notes Note and the Collateral Documents shall bind its successors and assigns and shall inure to the benefit of the Agent Lender and the Banks and their respective its successors and assigns. The Borrower may not assign its rights or obligations under this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Karts International Inc)

Successors and Assigns; Participants. (a) All covenants and agreements made contained by or on behalf of the Borrower in this Agreement, the Notes Collateral Note and the Collateral Documents Mortgage shall bind its successors and assigns and shall inure to the benefit of the Agent Lender and the Banks and their respective its successors and assigns. The Borrower may not assign its rights or obligations under this Agreement.

Appears in 1 contract

Samples: Collateral Pledge Agreement (Omega Protein Corp)

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