Common use of Successors and Assigns Participations Assignments Clause in Contracts

Successors and Assigns Participations Assignments. (a) 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 (i) the Borrower may not assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of each Lender (and any attempted assignment or transfer by the Borrower without such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer its rights or obligations hereunder except in accordance with this Section.

Appears in 13 contracts

Samples: Credit Agreement (Qwest Corp), Credit Agreement (Lumen Technologies, Inc.), Credit Agreement (Qwest Corp)

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Successors and Assigns Participations Assignments. (a) The provisions of this This Agreement shall be binding upon upon, and inure to the benefit of the parties hereto and their respective successors and assigns permitted herebyassigns, except that (i) the Borrower may not not, directly or indirectly, assign or otherwise transfer transfer, or attempt to assign or transfer, any of its rights Rights, duties, or obligations hereunder under any Loan Papers to which it is a party without the prior express written consent of each Lender (and any attempted assignment or transfer by the Borrower without such consent shall be null and void) all Lenders, and (ii) except as permitted under Section 2.21 and this Section 9.20, no Lender may assign transfer, pledge, assign, sell participations in, or otherwise transfer encumber its rights or obligations hereunder except in accordance with this Sectionportion of the Obligation.

Appears in 2 contracts

Samples: Agreement (Century Telephone Enterprises Inc), Agreement (Centurytel Inc)

Successors and Assigns Participations Assignments. (a) 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 herebyhereby (including any affiliate of the Issuing L/C Lender that issues any Letter of Credit), except that (i) the Borrower may not assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of each Lender (and any attempted assignment or transfer by the Borrower without such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer its rights or obligations hereunder except in accordance with this Section.

Appears in 2 contracts

Samples: Credit Agreement (Centurylink, Inc), Credit Agreement (Centurylink, Inc)

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Successors and Assigns Participations Assignments. (a) 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 herebyhereby (including any affiliate of the Issuing Lender that issues any Letter of Credit), except that (i) the Borrower may not assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of each Lender (and any attempted assignment or transfer by the Borrower without such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer its rights or obligations hereunder except in accordance with this Section.

Appears in 1 contract

Samples: Year Revolving Credit Agreement (Centurylink, Inc)

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