Common use of Effectiveness; Binding Effect Clause in Contracts

Effectiveness; Binding Effect. This Agreement shall become ----------------------------- effective when it shall have been executed by the Borrower and the Bank and thereafter shall be binding upon and inure to the benefit of the Borrower, the Bank 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 Bank.

Appears in 5 contracts

Sources: Credit Agreement (Southwest Water Co), Credit Agreement (Southwest Water Co), Credit Agreement (Southwest Water Co)

Effectiveness; Binding Effect. This Agreement shall become ----------------------------- effective when it shall have been executed by the Borrower Borrower, each member of the Lender Group whose signature is provided for on the signature page hereof, and the Bank Agent and thereafter shall be binding upon and inure to the benefit of the Borrower, each Lender, the Bank Agent, 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 BankLenders.

Appears in 2 contracts

Sources: Credit and Security Agreement (Sm&a Corp), Credit and Security Agreement (Sm&a Corp)

Effectiveness; Binding Effect. This Agreement shall ----------------------------- become ----------------------------- effective when it shall have been executed by the Borrower and the Bank and thereafter shall be binding upon and inure to the benefit of the Borrower, the Bank 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 Bank.

Appears in 2 contracts

Sources: Credit Agreement (Southwest Water Co), Credit Agreement (Southwest Water Co)

Effectiveness; Binding Effect. This Agreement shall ----------------------------- become ----------------------------- effective when it shall have been executed by the Borrower Borrower, each member of the Lender Group whose signature is provided for on the signature page hereof, and the Bank Agent and thereafter shall be binding upon and inure to the benefit of the Borrower, each Lender, the Bank Agent, 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 BankLenders.

Appears in 1 contract

Sources: Credit and Security Agreement (Emergent Information Technologies Inc)