Common use of Successors, Assigns and Transferors Clause in Contracts

Successors, Assigns and Transferors. This Note may not be assigned ------------------------------------ or transferred by Payee to (x) any competitor, customer or supplier of Payor or any of its Subsidiaries or (y) to any other Person if such assignment or transfer would cause any interest payments due under this Note to become non-deductible as an expense for any tax purposes. Payor may not assign its obligations under this Note without the prior written consent of Payee except in connection with a transaction permitted under Section 3.2(b) hereof. Subject to the foregoing, the obligations of Payor and Payee under this Note shall be binding upon, and inure to the benefit of, and be enforceable by, Payor and Payee, and their respective successors and permitted assigns, whether or not so expressed.

Appears in 2 contracts

Samples: Choice Hotels International Inc /De, Sunburst Hospitality Corp

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Successors, Assigns and Transferors. This Note may not be assigned ------------------------------------ or transferred by Payee to (x) any competitor, customer or supplier of Payor or any of its Subsidiaries or (y) to any other Person if such assignment or transfer would cause any interest payments due under this Note to become non-deductible as an expense for any tax purposes. Payor may not assign its obligations under this Note without the prior written consent of Payee except in connection with a transaction permitted under Section 3.2(b3.2(d) hereof. Subject to the foregoing, the obligations of Payor and Payee under this Note shall be binding upon, and inure to the benefit of, and be enforceable by, Payor and Payee, and their respective successors and permitted assigns, whether or not so expressed.

Appears in 1 contract

Samples: Purchase Agreement (TTM Technologies Inc)

Successors, Assigns and Transferors. This Note may not be assigned ------------------------------------ or transferred by Payee without the express written consent of Payor and may not be assigned or transferred to (x) any competitor, customer or supplier of Payor or any of its Subsidiaries or (y) to any other Person if such assignment or transfer would cause any interest payments due under this Note to become non-non- deductible as an expense for any tax purposes. Payor may not assign its obligations under this Note without the prior written consent of Payee except in connection with a transaction permitted under Section 3.2(b) hereof. Subject to the foregoing, the obligations of Payor and Payee under this Note shall be binding upon, and inure to the benefit of, and be enforceable by, Payor and Payee, and their respective successors and permitted assigns, whether or not so expressed.

Appears in 1 contract

Samples: Federal Data Corp /Fa/

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Successors, Assigns and Transferors. This Note may not be assigned ------------------------------------ or transferred by Payee to (x) any competitor, customer or supplier of Payor or any of its Subsidiaries or (y) to any other Person if such assignment or transfer would cause any interest payments due under this Note to become non-deductible as an expense for any tax purposes. Payor may not assign its obligations under this Note without the prior written consent of Payee except in connection with a transaction permitted under Section 3.2(b) hereof. Subject to the foregoing, the obligations of Payor and Payee under this Note shall be binding upon, and inure to the benefit of, and be enforceable by, Payor and Payee, and their respective successors and permitted assigns, whether or not so expressed.

Appears in 1 contract

Samples: Federal Data Corp /Fa/

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