Common use of Successors and Assigns Participations Assignments Clause in Contracts

Successors and Assigns Participations Assignments. (a) This Agreement shall be binding upon and shall inure to the benefit of Company, the Agent and the Banks, and their respective successors and assigns. (b) The foregoing shall not authorize any assignment by Company of its rights or duties hereunder, and no such assignment shall be made (or effective) without the prior written approval of the Banks. (c) None of the Banks may assign or grant participations in its rights or obligations hereunder or under the other Loan Documents without the prior written approval of the Agent, and, so long as no Event of Default has occurred and is continuing, the Company except that the approval of Company and Agent shall not be required for the grant of a participation by a Bank to its Affiliate. Upon the consummation of any assignment under this Section, Agent shall prepare and distribute to Company and each Bank, a revised EXHIBIT "C" to this Agreement setting forth the applicable new Percentages of the Banks (including the assignee Bank) taking into account such assignment. (d) Nothing in this Agreement, the other Loan Documents or the Notes, expressed or implied, is intended to or shall confer on any Person other than the respective parties hereto and thereto and their successors permitted hereunder and thereunder any benefit or any legal or equitable right, remedy or other claim under this Agreement, the Notes or the other Loan Documents.

Successors and Assigns Participations Assignments. (a) This Agreement shall be binding upon and shall inure to the benefit of Company, the Agent and the Banks, and their respective successors and assigns. (b) The foregoing shall not authorize any assignment by Company of its rights or duties hereunder, and no such assignment shall be made (or effective) without the prior written approval of the Banks. (c) None of the Banks may assign or grant participations in its rights or obligations hereunder or under the other Loan Documents without the prior written approval of the Agent, and, so long as no Event of Default has occurred and is continuing, the Company except that the approval of Company and Agent shall not be required for the grant of a participation by a Bank to its AffiliateCompany. Upon the consummation of any assignment under this Section, Agent shall prepare and distribute to Company and each Bank, a revised EXHIBIT Exhibit "C" to this Agreement setting forth the applicable new Percentages of the Banks (including the assignee Bank) taking into account such assignment. (d) Nothing in this Agreement, the other Loan Documents or the Notes, expressed or implied, is intended to or shall confer on any Person other than the respective parties hereto and thereto and their successors permitted hereunder and thereunder any benefit or any legal or equitable right, remedy or other claim under this Agreement, the Notes or the other Loan Documents.