Common use of The Chargors Clause in Contracts

The Chargors. No Chargor may assign or transfer any of its rights or obligations under this Security Agreement without the prior consent of the Collateral Agent other than in connection with the transfer of shares to a Guarantor as contemplated by the Company Reorganization, provided that such transfer is expressly subject to this Security and the transferee agrees to be bound by the terms of this Security Agreement in a form reasonably satisfactory to the Collateral Agent.

The Chargors. No Chargor may assign or transfer any of its rights or obligations under this Security Agreement without the prior consent of the Collateral Agent other than in connection with the transfer of shares to a Note Guarantor as contemplated by the Company ReorganizationReorganization (as defined in the Credit Agreement), provided that such transfer is expressly subject to this Security and the transferee agrees to be bound by the terms of this Security Agreement in a form reasonably satisfactory to the Collateral AgentAgreement.