Assignment; Participation. This Agreement shall be binding upon, and shall inure to the benefit of, Borrower, Administrative Agent, the Banks and their respective successors and permitted assigns. Borrower may not assign or transfer its rights or obligations hereunder.
Appears in 2 contracts
Sources: Revolving Loan Agreement (Bay Apartment Communities Inc), Revolving Credit Agreement (Vornado Realty Lp)
Assignment; Participation. This Agreement shall be binding upon, and shall inure to the benefit of, Borrower, Administrative Agent, the Banks Lender and their respective successors and permitted assignssuccessors. Borrower may not assign or transfer its rights or obligations hereunder. Lender may assign its rights, duties and obligations under this Agreement and any of the other Loan Documents. Lender may sell participations in its rights, duties and obligations under this Agreement or any of the other Loan Documents.
Appears in 1 contract
Sources: Term Loan Agreement (Associated Business & Commerce Insurance Corp)
Assignment; Participation. This Agreement shall be binding upon, and shall inure to the benefit of, the Borrower, Administrative Agent, the Banks Bank and their respective successors and permitted assigns. , except that the Borrower may not assign or transfer its their rights or obligations hereunder.
Appears in 1 contract