Binding Effect; No Assignment or Delegation. This Agreement shall be binding upon and inure to the benefit of the Borrower and its successors and to the benefit of the Banks and the Agent and their respective successors and assigns. The rights and obligations of the Borrower under this Agreement shall not be assigned or delegated without the prior written consent of the Agent, and any purported assignment or delegation without such consent shall be void.
Appears in 2 contracts
Samples: Loan Agreement by and Among National Consumer Cooperative Bank and Certain Banks Named Therein and Fleet National (National Consumer Cooperative Bank /Dc/), Loan Agreement (National Consumer Cooperative Bank /Dc/)
Binding Effect; No Assignment or Delegation. This Agreement shall be binding upon and inure to the benefit of the Borrower and its successors and to the benefit of the Banks and Agent, the Agent Lenders and their respective successors and assigns. The rights and obligations of the Borrower under this Agreement shall not be assigned or delegated without the prior written consent of the AgentMajority Lenders, and any purported assignment or delegation without such consent shall be void.
Appears in 1 contract
Binding Effect; No Assignment or Delegation. This Agreement shall be binding upon and inure to the benefit of the Borrower and its successors and to the benefit of the Banks Agent and the Agent Banks and their respective successors and assigns. The rights and obligations of the Borrower under this Agreement shall not be assigned or delegated without the prior written consent of the AgentMajority Banks, and any purported assignment or delegation without such consent shall be void.
Appears in 1 contract
Samples: Acquisition Loan Agreement (Atlantic Acquistion Limited Partnership Et Al)
Binding Effect; No Assignment or Delegation. This Agreement shall be binding upon and inure to the benefit of the Borrower and its successors and to the benefit of the Banks Lender and the Agent and their respective its successors and assigns. The rights and obligations of the Borrower under this Agreement shall not be assigned or delegated without the prior written consent of the AgentLender, and any purported assignment or delegation without such consent shall be void.
Appears in 1 contract
Binding Effect; No Assignment or Delegation. This Agreement shall be binding upon and inure to the benefit of the Borrower and its successors and to the benefit of the Banks and the Administrative Agent and their respective successors and assigns. The rights and obligations of the Borrower under this Agreement shall not be assigned or delegated without the prior written consent of the AgentMajority Banks, and any purported assignment or delegation without such consent shall be void.
Appears in 1 contract
Binding Effect; No Assignment or Delegation. This Agreement shall be binding upon and inure to the benefit of the Borrower and its successors and to the benefit of the Banks and the Agent and their respective successors and assigns. The rights and obligations of the Borrower under this Agreement shall not be assigned or delegated without the prior written consent of the AgentAgent and each of the Banks, and any purported assignment or delegation without such consent shall be void.
Appears in 1 contract
Samples: Credit Agreement (National Consumer Cooperative Bank /Dc/)
