Binding Effect, Assignment of Obligations Clause Samples

Binding Effect, Assignment of Obligations. This Agreement shall bind, and shall inure to the benefit of, Borrower, the Banks, and Administrative Agent and their respective successors and assigns. Borrower shall not assign any of its rights or obligations under any Loan Document without the prior written consent of Administrative Agent, which consent may be withheld in Administrative Agent’s absolute discretion. Any such assignment without such consent shall be void.

Binding Effect, Assignment of Obligations. This Revitalization Agreement shall bind, and shall inure to the benefit of, Developer and Authority and their respective successors and assigns. Other than as expressly provided to the contrary in this Revitalization Agreement, Developer shall not assign any of its rights or obligations under this Revitalization Agreement without the prior written consent of Authority, which consent may be withheld in Authority’s sole and absolute discretion. Any such assignment without such consent shall, at Authority’s option, be void.‌

Binding Effect, Assignment of Obligations. This Agreement shall bind, and shall inure to the benefit of, Participant, the City and their respective successors and assigns. Participant shall not assign any of its rights or obligations under any Development Document without the prior written consent of the City Manager, which consent may be withheld in the City Manager’s sole and absolute discretion. Any such assignment without such consent shall, at City’s option, be void. In connection with the foregoing consent requirement, Participant acknowledges that City relied upon Participant’s particular expertise in entering this Agreement and continues to rely on such expertise to ensure the satisfactory completion of the Improvements and the use of the Required Affordable Units in conformity with this Agreement.

Binding Effect, Assignment of Obligations. This Agreement shall bind, and shall inure to the benefit of, Developer and Agency and their respective and permitted successors and assigns. Except as otherwise permitted pursuant to Section 1216.1 or Section 1216.2(b) above, Developer shall not assign any of its rights or obligations under any Project Document without the prior written consent of Executive Director, which consent may be withheld in the Executive Director’s sole and absolute discretion. Any such assignment without such consent shall, at Agency’s option, be void. In connection with the foregoing consent requirement, Developer acknowledges that Agency relied upon Developer’s particular expertise in entering this Agreement and continues to rely on such expertise to ensure the satisfactory completion of the Project.

Binding Effect, Assignment of Obligations. This Agreement shall bind, and shall inure to the benefit of, Borrower and City and their respective successors and assigns. Borrower shall not assign any of its rights or obligations under any the Loan or the Note without the prior written consent of City, which consent may be withheld in City’s absolute discretion. Any such assignment without such consent shall, at City’s option, be void.

Binding Effect, Assignment of Obligations. This Agreement shall bind, and shall inure to the benefit of, Developer and City and their respective and permitted successors and assigns. Except as otherwise permitted pursuant to Section 1215. 1 above, Developer shall not assign any of its rights or obligations under any Project Document without the prior written consent of City Manager, which consent may be withheld in the City Manager's sole and absolute discretion. Any such assignment without such consent shall, at City's option, be void. In connection with the foregoing consent requirement, Developer acknowledges that City relied upon Developer's particular expertise in entering this Agreement and continues to rely on such expertise to ensure the satisfactory completion of the Project.