Common use of Binding Effect and Non-Transferability Clause in Contracts

Binding Effect and Non-Transferability. This Note shall be binding upon and inure to the benefit of Maker and Payee and their respective successors and assigns; provided, that neither Maker nor Payee may assign or transfer this Note without the prior written consent of the other party.

Appears in 2 contracts

Sources: Promissory Note and Pledge Agreement (Lighting Science Group Corp), Promissory Note and Pledge Agreement (Lighting Science Group Corp)