Successors and Assigns; Third Party Beneficiary. Subject to the exceptions specifically set forth in this Agreement, the terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective executors, administrators, heirs, successors and permitted assigns of the parties. This Agreement may not be assigned (whether by operation of law or otherwise) by the Company without the prior written consent of the Lender. Lender’s rights under this Agreement and the related agreements of the Company contemplated hereby (including the Note and the Security Agreement) may be assigned, in whole or in part, by the Lender without the consent of the Company.
Appears in 6 contracts
Samples: Loan Agreement (Itec Environmental Group Inc), Loan Agreement (Itec Environmental Group Inc), Loan Agreement (Itec Environmental Group Inc)
Successors and Assigns; Third Party Beneficiary. Subject to the exceptions specifically set forth in this Agreement, the terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective executors, administrators, heirs, successors and permitted assigns of the parties. This Agreement may not be assigned (whether by operation of law or otherwise) by the Company without the prior written consent of the Lender. Lender’s rights under this This Agreement and the related agreements of the Company contemplated hereby (including the Note and the Security Agreement) may be assigned, in whole or in part, assigned by the Lender without the consent of the Company.
Appears in 5 contracts
Samples: Loan Agreement (Itec Environmental Group Inc), Loan Agreement (Itec Environmental Group Inc), Loan Agreement (Better Biodiesel, Inc)
Successors and Assigns; Third Party Beneficiary. Subject to the exceptions specifically set forth in this Agreement, the terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective executors, administrators, heirs, successors and permitted assigns of the parties. This Agreement may not be assigned (whether by operation of law or otherwise) by the Company without the prior written consent of the LenderLenders. Lender’s rights under this This Agreement and the related agreements of the Company contemplated hereby (including the Note and the Security Agreement) may be assigned, in whole or in part, assigned by the Lender Lenders without the consent of the Company.
Appears in 4 contracts
Samples: Loan Agreement (Itec Environmental Group Inc), Loan Agreement (Itec Environmental Group Inc), Loan Agreement (Itec Environmental Group Inc)
Successors and Assigns; Third Party Beneficiary. Subject to the exceptions specifically set forth in this Agreement, the terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective executors, administrators, heirs, successors and permitted assigns of the parties. This Agreement may not be assigned (whether by operation of law or otherwise) by the Company without the prior written consent of the LenderICG. LenderICG’s rights under this Agreement and the related agreements of the Company contemplated hereby (including the Note Note(s) and the Security Agreement) may be assigned, in whole or in part, by the Lender ICG without the consent of the Company.
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