Common use of Assignments and Participations Binding Effect Clause in Contracts

Assignments and Participations Binding Effect. (a) This Agreement shall become effective when it shall have been executed by the Borrower, the other Credit Parties signatory hereto and the Agent and when the Agent shall have been notified by each Lender and the initial L/C Issuer that such Lender or L/C Issuer has executed it. Thereafter, it shall be binding upon and inure to the benefit of, but only to the benefit of, the Borrower, the other Credit Parties hereto (in each case except for Article VIII), the Agent, each Lender and L/C Issuer and, in each case, their respective successors and permitted assigns. Except as expressly provided in any Loan Document (including in Section 8.9), none of the Borrower, any other Credit Party, any L/C Issuer or the Agent shall have the right to assign any rights or obligations hereunder or any interest herein.

Appears in 3 contracts

Samples: Credit Agreement (Banctec Inc), Credit Agreement (Banctec Inc), Credit Agreement (Banctec Inc)

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Assignments and Participations Binding Effect. (a) This Agreement shall become effective when it shall have been executed by Holdings, the Borrower, the other Credit Parties signatory hereto hereto, Second Lien Collateral Agent and the Agent and when the Agent shall have been notified by each Lender and the initial L/C Issuer that such Lender or L/C Issuer has executed it. Thereafter, it shall be binding upon and inure to the benefit of, but only to the benefit of, Holdings, the Borrower, the other Credit Parties hereto (in each case except for Article VIII), the Agent, Second Lien Collateral Agent, each Lender and L/C Issuer and, in each case, their respective successors and permitted assigns. Except as expressly provided in any Loan Document (including in Section 8.9), none of Holdings, the Borrower, any other Credit Party, any L/C Issuer Second Lien Collateral Agent or the Agent shall have the right to assign any rights or obligations hereunder or any interest herein.

Appears in 1 contract

Samples: Credit Agreement (CSAV Holding Corp.)

Assignments and Participations Binding Effect. (a) This Agreement shall become effective when it shall have been executed by Holdings, the Borrower, the other Credit Parties signatory hereto and the Agent and when the Agent shall have been notified by each Lender and the initial L/C Issuer that such Lender or L/C Issuer has executed it. Thereafter, it shall be binding upon and inure to the benefit of, but only to the benefit of, Holdings, the Borrower, the other Credit Parties hereto (in each case except for Article VIII), the Agent, each Lender and L/C Issuer and, in each case, their respective successors and permitted assigns. Except as expressly provided in any Loan Document (including in Section 8.9), none of Holdings, the Borrower, any other Credit Party, any L/C Issuer or the Agent shall have the right to assign any rights or obligations hereunder or any interest herein.

Appears in 1 contract

Samples: Credit Agreement (CSAV Holding Corp.)

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Assignments and Participations Binding Effect. (a) Binding Effect This Agreement shall become effective when it shall have been executed by the BorrowerBorrowers, the other Credit Parties signatory hereto and the Agent and when the Agent shall have been notified by each Lender and the initial L/C Issuer that such Lender or L/C Issuer has executed it. Thereafter, it shall be binding upon and inure to the benefit of, but only to the benefit of, the BorrowerBorrowers, the other Credit Parties hereto (in each case except for Article VIIIthe Sections 9.2, 9.3, 9.4, 9.5, 9.6, 9.8 and 9.9), the 76 Agent, each Lender and each L/C Issuer receiving the benefits of the Loan Documents and, in each case, their respective successors and permitted assigns. Except as expressly provided in any Loan Document (including in Section 8.99.7), none of the any Borrower, any other Credit Party, any L/C Issuer or the Agent shall have the right to assign any rights or obligations hereunder or any interest herein.

Appears in 1 contract

Samples: Credit Agreement (H&E Equipment Services, Inc.)

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