Common use of Binding Effect; Assignments and Participations Clause in Contracts

Binding Effect; Assignments and Participations. This Agreement will become effective when it has been executed by Borrower and Lender and thereafter will be binding upon and inure to the benefit of Borrower and Lender and their respective successors and assigns, except that Borrower will not have the right to assign its rights under this Agreement or any interest herein without the prior written consent of Lender. Lender may assign or grant participations in or to all or any part of its rights and obligations under this Agreement and the other Loan Documents.

Binding Effect; Assignments and Participations. This Agreement will shall become effective when it has shall have been executed by Borrower and Lender and thereafter will shall be binding upon and inure to the benefit of Borrower and Lender and their respective successors and assigns, except that Borrower will shall not have the right to assign its rights under this Agreement hereunder or any interest herein without the prior written consent of Lender. Lender may assign or grant participations to one or more banks or other entities in or to all or any part of its rights and obligations under this Agreement and the other Loan Documents.

Binding Effect; Assignments and Participations. This Agreement will shall become effective when it has shall have been executed by Borrower and Lender and thereafter will shall be binding upon and inure to the benefit of Borrower and Lender and their respective successors and assigns, except that Borrower will shall not have the right to assign its rights under this Agreement hereunder or any interest herein without the prior written consent of Lender, which Lender may grant or withhold in its sole and absolute discretion. Lender may assign or grant participations to one or more banks or other entities in or to all or any part of its rights and obligations under this Agreement and the other Loan Documents.