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

Binding Effect; Borrower’s Assignment. This Agreement shall become effective when it shall have been executed by Borrower, Agent and 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 18 contracts

Samples: Credit Agreement (Cintas Corp), Credit Agreement (Cintas Corp), Credit and Security Agreement (Kratos Defense & Security Solutions, Inc.)

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Binding Effect; Borrower’s Assignment. This Agreement shall become effective when it shall have been executed by each Borrower, Agent and each Lender and thereafter shall be binding upon and inure to the benefit of each Borrower, Agent and each of the Lenders and their respective successors and assigns, except that no 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 7 contracts

Samples: Credit Agreement (Core Molding Technologies Inc), Credit Agreement (Applied Industrial Technologies Inc), Credit Agreement (IHS Inc.)

Binding Effect; Borrower’s Assignment. This Agreement shall become effective when it shall have been executed by each Borrower, Agent and by each Lender Bank and thereafter shall be binding upon and inure to the benefit of each Borrower, Agent and each of the Lenders Banks and their respective successors and assigns, except that no 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 6 contracts

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

Binding Effect; Borrower’s Assignment. This Agreement shall become effective when it shall have been executed by Borrower, Agent and 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 permitted 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 5 contracts

Samples: Credit and Security Agreement (Shiloh Industries Inc), Credit and Security Agreement (Shiloh Industries Inc), Assignment and Acceptance Agreement (Parametric Technology Corp)

Binding Effect; Borrower’s Assignment. This Agreement shall become effective when it shall have been executed by each Borrower, Agent and each Lender and thereafter shall be binding upon and inure to the benefit of each Borrower, Agent and each of the Lenders and their respective successors and permitted assigns, except that no 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 5 contracts

Samples: Credit Agreement (Teletech Holdings Inc), Credit and Security Agreement (Epiq Systems Inc), Credit Agreement (Teletech Holdings Inc)

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

Appears in 4 contracts

Samples: Credit and Security Agreement (Sleep Number Corp), Credit and Security Agreement (Sleep Number Corp), Credit and Security Agreement (Sleep Number Corp)

Binding Effect; Borrower’s 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: Credit Agreement (Steris Corp), Credit Agreement (Steris Corp), Credit Agreement (Steris Corp)

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

Appears in 2 contracts

Samples: Credit and Security Agreement, Credit and Security Agreement (Kratos Defense & Security Solutions, Inc.)

Binding Effect; Borrower’s Assignment. This Agreement shall become effective when it shall have been executed by each Borrower, Agent and each Lender the Required Lenders and thereafter shall be binding upon and inure to the benefit of each Borrower, Agent and each of the Lenders and their respective successors and assigns, except that no 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 2 contracts

Samples: Credit Agreement (Gibraltar Industries, Inc.), Credit Agreement (Gibraltar Industries, Inc.)

Binding Effect; Borrower’s Assignment. This Agreement shall become effective when it shall have been executed by each Borrower, Agent (on its own behalf and, by signing as Agent, as Collateral Agent) and each Lender and thereafter shall be binding upon and inure to the benefit of each Borrower, Agent, Collateral Agent and each of the Lenders and their respective successors and assigns, except that no 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 2 contracts

Samples: Credit Agreement (Nn Inc), Credit Agreement (Nn Inc)

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Binding Effect; Borrower’s Assignment. This Agreement shall become effective when it shall have been executed by Borrower, Agent each Borrower and each Lender and thereafter shall be binding upon and inure to the benefit of Borrower, Agent Borrowers and each of the Lenders Lender and their respective successors and assigns, except that no 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 LendersLender.

Appears in 2 contracts

Samples: Credit and Security Agreement (Colonial Commercial Corp), Credit and Security Agreement (Hawk Corp)

Binding Effect; Borrower’s Assignment. This Agreement shall become effective when it shall have been executed by Borrower, Agent and each Lender and thereafter shall be binding upon and inure to the benefit of each Borrower, Agent and each of the Lenders Lender and their respective successors and assigns, except that no 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 1 contract

Samples: Credit Agreement (Cooper Companies Inc)

Binding Effect; Borrower’s 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 Agent, each LC Issuer and all of the Lenders.

Appears in 1 contract

Samples: Credit Agreement (Steris Corp)

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

Appears in 1 contract

Samples: Assignment and Acceptance Agreement (Sg Blocks, Inc.)

Binding Effect; Borrower’s Assignment. This Agreement shall become effective when it shall have been executed by BorrowerXxxxxxxxx, Agent and by each Lender and thereafter shall be binding upon and inure to the benefit of BorrowerBorrowers, Agent and each of the Lenders and their respective successors and assigns, except that no Borrower shall not have the right to assign its rights hereunder (including, in each case, by way of an LLC Division) or any interest herein without the prior written consent of Agent and all of the Lenders.

Appears in 1 contract

Samples: Term Loan Agreement (Nordson Corp)

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

Appears in 1 contract

Samples: Assignment and Acceptance Agreement (Ignite Restaurant Group, Inc.)

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