Common use of Transfer of Subordinated Debt Clause in Contracts

Transfer of Subordinated Debt. Each Obligor may not assign or transfer its rights and obligations in respect of the Subordinated Debt except to another Obligor without the prior written consent of Agent, and any such transferee or assignee, as a condition to acquiring an interest in the Subordinated Debt shall agree to be bound hereby, in form satisfactory to Agent.

Transfer of Subordinated Debt. Each No Obligor may not assign or transfer its rights and obligations in respect of the Subordinated Debt except (other than to the Borrower or another Obligor Guarantor so long as such Guarantor is not an Inactive Subsidiary) without the prior written consent of AgentLender, and any such transferee or assignee, as a condition to acquiring an interest in the Subordinated Debt shall agree to be bound hereby, in form reasonably satisfactory to AgentLender.

Transfer of Subordinated Debt. Each No Obligor may not assign or transfer its rights and obligations in respect of the Subordinated Debt except to another Obligor without the prior written consent of Agent, Agent and any such transferee or assignee, as a condition to acquiring an interest in the Subordinated Debt shall agree to be bound hereby, in form reasonably satisfactory to Agent.