Common use of SUCCESSORS; ASSIGNMENTS AND TRANSFERS Clause in Contracts

SUCCESSORS; ASSIGNMENTS AND TRANSFERS. (a) This Agreement and all obligations of the Pledgor hereunder shall be binding upon the successors and assigns of the Pledgor and shall, together with the rights and remedies of IPG hereunder, inure to the benefit of IPG and its respective successors and assigns. The Pledgor shall not consent or agree to any assignments, transfers or other dispositions of any agreement governing the Secured Obligations or any portion thereof or interest therein that would adversely affect the security interest granted to IPG hereunder. (b) IPG may not assign and transfer all of its rights and obligations under this Agreement to another person except in conjunction with the transfer of its rights under the Operating Agreement, the Letter Agreement or the Intercreditor Agreement.