Common use of Binding Effect, Assignment of Obligations Clause in Contracts

Binding Effect, Assignment of Obligations. This Agreement shall bind, and shall inure to the benefit of, Borrower and Lender 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 Lender, which consent may be withheld in Lender’s absolute discretion. Any such assignment without such consent shall be void.

Appears in 6 contracts

Samples: Credit Agreement (JetPay Corp), Revolving Credit Loan Agreement (Global Self Storage, Inc.), Credit Agreement (JetPay Corp)

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Binding Effect, Assignment of Obligations. This Agreement shall bind, ----------------------------------------- and shall inure to the benefit of, Borrower and Lender 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 Lender, which consent may be withheld in Lender’s 's absolute discretion. Any such assignment without such consent shall shall, at Lender's option, be void.

Appears in 2 contracts

Samples: Term Loan Agreement (Unified Western Grocers Inc), Term Loan Agreement (Unified Western Grocers Inc)

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

Appears in 2 contracts

Samples: Loan Agreement (Jagged Peak, Inc.), Construction Loan Agreement (CNL Growth Properties, Inc.)

Binding Effect, Assignment of Obligations. This Agreement shall bind, and shall inure to the benefit of, Borrower Xxxxxxxx and Lender Xxxxxx 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 Lender, which consent may be withheld in LenderXxxxxx’s absolute discretion. Any such assignment without such consent shall shall, at Lender’s option, be void.

Appears in 1 contract

Samples: Construction Loan Agreement

Binding Effect, Assignment of Obligations. This Agreement shall bind, and shall inure to the benefit of, Borrower each Obligor and Lender and their respective successors and assigns. Borrower No Obligor shall not assign any of its rights or obligations under any Loan Document without the prior written consent of Lender, which consent may be withheld in Lender’s absolute discretion. Any such assignment without such consent shall be void.

Appears in 1 contract

Samples: Loan Agreement (Lodging Fund REIT III, Inc.)

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Binding Effect, Assignment of Obligations. This Agreement shall bind, and shall inure to the benefit of, Borrower Borrower, Lender and Lender Bondowner Representative 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 Lender, which consent may be withheld in Lender’s absolute discretion. Any such assignment without such consent shall be void.

Appears in 1 contract

Samples: Loan Agreement

Binding Effect, Assignment of Obligations. This Agreement shall bind, and shall inure to the benefit of, Borrower and Lender 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 Lender, which consent may be withheld in Lender’s absolute discretion. Any such assignment without such consent shall shall, at Lender’s option, be void.

Appears in 1 contract

Samples: Construction Loan Agreement

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