Common use of Successors and Assigns; Participations; Purchasing Lenders Clause in Contracts

Successors and Assigns; Participations; Purchasing Lenders. (a) This Agreement shall be binding upon and inure to the benefit of Intermediate Holdings, the Borrowers, the Lenders and the Administrative Agent, all future holders of the Term Loans, and their respective successors and assigns permitted hereby, except that (i) no Borrower may assign or transfer any of its rights or obligations under this Agreement without the prior written consent of each Lender (and any attempted assignment or transfer by any Borrower without such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer its rights and obligations hereunder except in accordance with this Section.

Appears in 4 contracts

Samples: Credit Agreement (Cumulus Media Inc), Credit Agreement (Cumulus Media Inc), Credit Agreement (Cumulus Media Inc)

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Successors and Assigns; Participations; Purchasing Lenders. (a) This Agreement shall be binding upon and inure to the benefit of Intermediate HoldingsParent, the BorrowersBorrower, the Lenders and the Administrative Agent, all future holders of the Term Loans, and their respective successors and assigns permitted herebyhereby (including any Affiliate of the Issuing Lender that issues any Letter of Credit), except that (i) no the Borrower may not assign or transfer any of its rights or obligations under this Agreement without the prior written consent of each Lender (and any attempted assignment or transfer by any the Borrower without such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer its rights and obligations hereunder except in accordance with this Section.

Appears in 3 contracts

Samples: Credit Agreement (Cumulus Media Inc), Credit Agreement (Cumulus Media Inc), First Lien Credit Agreement (Cumulus Media Inc)

Successors and Assigns; Participations; Purchasing Lenders. (a) This Agreement shall be binding upon and inure to the benefit of Intermediate Holdings, the Borrowers, the Lenders and the Administrative Agent, all future holders of the Term Loans, Commitments and/or related Revolving Exposure, and their respective successors and assigns permitted herebyhereby (including any Affiliate or branch of any Issuing Bank that issues any Letter of Credit), except that (i) no Borrower may assign or transfer any of its rights or obligations under this Agreement without the prior written consent of each Lender (and any attempted assignment or transfer by any Borrower without such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer its rights and obligations hereunder except in accordance with this SectionSection 11.6.

Appears in 2 contracts

Samples: Credit Agreement (Cumulus Media Inc), Credit Agreement (Cumulus Media Inc)

Successors and Assigns; Participations; Purchasing Lenders. (a) This Agreement shall be binding upon and inure to the benefit of Intermediate Holdings, the Borrowers, the Lenders and the Administrative Agent, all future holders of the Term Loans, Commitments and/or related Revolving Exposure, and their respective successors and assigns permitted herebyhereby (including any Affiliate or branch of any Issuing Bank that issues any Letter of Credit), except that (i) no Borrower may assign or transfer any of its rights or obligations under this Agreement without the prior written consent of each Lender (and any attempted assignment or transfer by any Borrower without such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer its rights and obligations hereunder except in accordance with this Section.Section 11.6. 163

Appears in 1 contract

Samples: Credit Agreement (Cumulus Media Inc)

Successors and Assigns; Participations; Purchasing Lenders. (a) This The provisions of this Agreement shall be binding upon and inure to the benefit of Intermediate Holdings, the Borrowers, the Lenders and the Administrative Agent, all future holders of the Term Loans, parties hereto and their respective successors and assigns permitted herebyhereby (including any Affiliate of the Issuing Bank that issues any Letter of Credit), except that (i) no the Borrower may not assign or otherwise transfer any of its rights or obligations under this Agreement hereunder without the prior written consent of each Lender (and any attempted assignment or transfer by any the Borrower without such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer its rights and or obligations hereunder except in accordance with this Section.

Appears in 1 contract

Samples: Credit Agreement (Audiovox Corp)

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Successors and Assigns; Participations; Purchasing Lenders. (a) This Agreement shall be binding upon and inure to the benefit of Intermediate Holdings, the Borrowers, the Lenders and the Administrative Agent, all future holders of the Term Loans, Commitments and/or related Revolving Exposure, and their respective successors and assigns permitted herebyhereby (including any Affiliate or branch of any Issuing Bank that issues any Letter of Credit), except that (i) no Borrower may assign or transfer any of its rights or obligations under this Agreement without the prior written consent of each Lender (and any attempted assignment or transfer by any Borrower without such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer its rights and obligations hereunder except in accordance with this Section.

Appears in 1 contract

Samples: Credit Agreement (Cumulus Media Inc)

Successors and Assigns; Participations; Purchasing Lenders. (a) This Agreement shall be binding upon and inure to the benefit of Intermediate Holdings, the BorrowersCompany, the Lenders and the Administrative Agent, all future holders of the Term Loans, and their respective successors and assigns permitted herebyhereby (including any affiliate of the Issuing Lender that issues any Letter of Credit), except that (i) no Borrower the Company may not assign or transfer any of its rights or obligations under this Agreement without the prior written consent of each Lender (and any attempted assignment or transfer by any Borrower the Company without such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer its rights and obligations hereunder except in accordance with this Section.

Appears in 1 contract

Samples: Credit Agreement (Citadel Broadcasting Corp)

Successors and Assigns; Participations; Purchasing Lenders. (a) This Agreement shall be binding upon and inure to the benefit of Intermediate HoldingsParent, the BorrowersBorrower, the Lenders and the Administrative Agent, all future holders of the Term Loans, and their respective successors and assigns permitted hereby, except that (i) no the Borrower may not assign or transfer any of its rights or obligations under this Agreement without the prior written consent of each Lender (and any attempted assignment or transfer by any the Borrower without such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer its rights and obligations hereunder except in accordance with this Section.

Appears in 1 contract

Samples: Second Lien Credit Agreement (Cumulus Media Inc)

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