Common use of Binding Effect; Borrower’ Assignment Clause in Contracts

Binding Effect; Borrower’ Assignment. This Agreement shall become effective when it shall have been executed by Borrower, Agent and by each Lender and thereafter shall be binding upon and inure to the benefit of Borrower, Agent and each of the Lenders and their respective successors and assigns, except that Borrower shall not have the right to assign its rights hereunder or any interest herein without the prior written consent of Agent and all of the Lenders.

Appears in 3 contracts

Samples: Term Loan Agreement (Nordson Corp), Term Loan Agreement (Nordson Corp), Term Loan Agreement (Nordson Corp)

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Binding Effect; Borrower’ Assignment. This Agreement shall become effective when it shall have been executed by Borrower, Agent and by each Lender Bank and thereafter shall be binding upon and inure to the benefit of Borrower, Agent and each of the Lenders Banks and their respective successors and assigns, except that Borrower shall not have the right to assign its rights hereunder or any interest herein without the prior written consent of Agent and all of the LendersBanks.

Appears in 3 contracts

Samples: Credit Agreement (Nordson Corp), Credit Agreement (Nordson Corp), Assignment and Assumption Agreement (Nordson Corp)

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