Common use of Successors and Assigns Participations Clause in Contracts

Successors and Assigns Participations. (a) This Agreement shall be binding upon and inure to the benefit of the Companies, the Lender, all future holders of the Note and their respective successors and assigns, except that no Company may assign or transfer any of its rights or obligations under this Agreement without the prior written consent of the Lender. (b) The Lender reserves the right to sell participations in or to sell and assign its rights, duties or obligations with respect to the Loans or the Commitments to such banks, lending institutions or other parties as it may choose and without the consent of the Companies. The Lender may furnish any information concerning Aceto or any of its Subsidiaries in its possession from time to time to any assignee or participant (or proposed assignee or participant). The Lender may at any time pledge or assign or grant a security interest in all or any part of its rights under this Agreement and its Note to a Federal Reserve Bank, provided that no such assignment shall release the transferor Lender from its Commitment or its obligations hereunder or substitute any such pledgee or assignee for the Lender as a party to this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Aceto Corp), Credit Agreement (Aceto Corp)

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Successors and Assigns Participations. (a) This Agreement shall be binding upon and inure to the benefit of the CompaniesCompany, the Lender, all future holders of the Note Notes and their respective successors and assigns, except that no the Company may not assign or transfer any of its rights or obligations under this Agreement without the prior written consent of the Lender. (b) The Lender reserves the right to sell participations in or to sell and assign its rights, duties or obligations with respect to the Loans or the Commitments to such banks, lending institutions or other parties as it may choose and without the consent of the CompaniesCompany. The Lender Subject to Section 9.11, the Bank may furnish any information concerning Aceto the Company or any of its Subsidiaries in its possession from time to time to any assignee or participant (or proposed assignee or participant). The Lender may at any time pledge or assign or grant a security interest in all or any part of its rights under this Agreement and its Note Notes to a Federal Reserve Bank, provided that no such assignment shall release the transferor Lender from its Commitment Commitments or its obligations hereunder or substitute any such pledgee or assignee for the Lender as a party to this Agreement.

Appears in 1 contract

Samples: Credit Agreement (1 800 Flowers Com Inc)

Successors and Assigns Participations. (a) This Agreement shall be binding upon and inure to the benefit of the Companies, the Lender, all future holders of the Note and their respective successors and assigns, except that no Company may assign or transfer any of its rights or obligations under this Agreement without the prior written consent of the Lender. (b) The Lender reserves the right to sell participations in or to sell and assign its rights, duties or obligations with respect to the Loans or the Commitments Commitment to such banks, lending institutions or other parties financial institutions as it may choose and without the consent of the Companies; provided so long as no Default or Event of Default shall have occurred and be continuing, each assignment of the Loan and Commitment shall be in the minimum amount of $5,000,000 per assignee. The Lender may furnish any information concerning Aceto ELM or any of its Subsidiaries in its possession from time to time to any assignee or participant (or proposed assignee or participant). The Lender may at any time pledge or assign or grant a security interest in all or any part of its rights under this Agreement and its Note to a Federal Reserve Bank, provided that no such assignment shall release the transferor Lender from its Commitment or its obligations hereunder or substitute any such pledgee or assignee for the Lender as a party to this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Eon Labs Inc)

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Successors and Assigns Participations. (a) This Agreement shall be binding upon and inure to the benefit of the CompaniesCompany, the Lender, all future holders of the Note Notes and their respective successors and assigns, except that no the Company may not assign or transfer any of its their rights or obligations under this Agreement without the prior written consent of the Lender. (b) The Lender reserves the right to sell participations in or to sell and assign its rights, duties or obligations with respect to the Loans or the Commitments to such banks, lending institutions or other parties as it may choose and without the consent of the CompaniesCompany. The Lender may furnish any information concerning Aceto or any of its Subsidiaries the Company in its possession from time to time to any assignee or participant (or proposed assignee or participant). The Lender may at any time pledge or assign or grant a security interest in all or any part of its rights under this Agreement and its Note Notes to a Federal Reserve Bank, provided that no such assignment shall release the transferor Lender from its Commitment Commitments or its obligations hereunder or substitute any such pledgee or assignee for the Lender as a party to this Agreement.

Appears in 1 contract

Samples: Credit Agreement (American Medical Alert Corp)

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