Common use of Successors; Participations and Assignments Clause in Contracts

Successors; Participations and Assignments. (a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, except that no Borrower may assign or otherwise transfer any of its rights under this Agreement without the prior written consent of all the Lenders. (b) Any Lender may at any time grant to one or more banks or other institutions (each a "PARTICIPANT") participating interests in any of its Commitments or any or all of its Loans. If a Lender grants any such participating

Appears in 1 contract

Samples: Credit Agreement (TRW Inc)

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Successors; Participations and Assignments. (a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, except that no the Borrower may not assign or otherwise transfer any of its rights under this Agreement without the prior written consent of all the LendersLender Parties. (b) Any Lender may at any time grant to one or more banks banks, institutions or other institutions entities that regularly make, purchase or invest in bank loans (each a "PARTICIPANT") participating interests in any of its Commitments Commitment or any or all of its Loans. If a Lender grants any such participatingLoans and

Appears in 1 contract

Samples: Credit Agreement (Lyondell Petrochemical Co)

Successors; Participations and Assignments. (a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, except that no Borrower Amway Party may assign or otherwise transfer any of its rights under this Agreement without the prior written consent of all the LendersBanks. (b) Any Lender Bank may at any time grant to one or more banks or other institutions (each a "PARTICIPANT") participating interests in any of its Commitments Commitment or any or all of its Loans. If a Lender grants any such participatingits

Appears in 1 contract

Samples: Credit Agreement (New Aap LTD)

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Successors; Participations and Assignments. (a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, except that no the Borrower may not assign or otherwise transfer any of its rights under this Agreement without the prior written consent of all the LendersBank Parties. (b) Any Lender Bank may at any time grant to one or more banks or other institutions (each a "PARTICIPANTParticipant") participating interests in any of its Commitments Commitment or any or all of its Loans. If a Lender grants any such participatingany

Appears in 1 contract

Samples: Credit Agreement (Dolco Packaging Corp /De/)

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