Common use of Survival of Covenants; Successors and Assigns Clause in Contracts

Survival of Covenants; Successors and Assigns. (a) All covenants, agreements, representations, and warranties made herein and in the certificates delivered pursuant hereto shall survive the making of any Advance hereunder and shall continue in full force and effect so long as the Commitment is in effect and until all obligations of the Authority hereunder and under the Bank Note shall have been paid in full. Whenever in this Agreement any of the parties hereto is referred to, such reference shall, subject to the last sentence of this Section, be deemed to include the successors and assigns of such party, and all covenants, promises and agreements by or on behalf of the Authority which are contained in this Agreement and the Bank Note shall inure to the benefit of the successors and assigns of the Bank. The Authority may not transfer its rights or obligations under this Agreement or the Bank Note without the prior written consent of the Bank. The Bank may transfer some or all of its rights and obligations under this Agreement with the prior written consent of the Authority (which consent shall not be withheld unreasonably), provided that

Survival of Covenants; Successors and Assigns. (a) All covenants, agreements, representations, representations and warranties made herein and in the certificates delivered pursuant hereto shall survive the making of any Advance hereunder and shall continue in full force and effect so long as the Commitment Agreement is in effect and until all obligations of the Authority Borrower hereunder and under the Bank Note other Related Documents shall have been paid in full. Whenever in this Agreement any of the parties hereto is referred to, such reference shall, subject to the last sentence of this SectionSection 7.2, be deemed to include the successors and assigns of such party, and all covenants, promises and agreements by or on behalf of the Authority Borrower which are contained in this Agreement and the Bank Note shall inure to the benefit of the successors and assigns of the Bank. The Authority Borrower may not transfer its rights or obligations under this Agreement or the Bank Note without the prior written consent of the Bank. The Bank may transfer some or all of its rights and obligations under this This Agreement with is made solely for the prior written consent benefit of the Authority Borrower and the Bank, and no other Person or entity (which consent including, without limitation, the Bond Issuer) shall not be withheld unreasonably)have any right, provided thatbenefit or interest under or because of the existence of this Agreement.