Common use of Non-assignability; Termination Clause in Contracts

Non-assignability; Termination. 17.1 The rights and obligations of the parties under this Agreement and under any Transaction shall not be assigned by either party without the prior written consent of the other party, and any such assignment without the prior written consent of the other party shall be null and void. Subject to the foregoing, this Agreement and any Transaction shall be binding upon and shall inure to the benefit of the parties and their respective successors and assigns. This shall not preclude a party from assigning, charging or otherwise dealing with all or any part of its interest in any sum payable to it under this Agreement. For the avoidance of doubt this means that the Client may use the interest in any sum payable to him/her hereunder for the purposes of securing credit facilities.

Appears in 5 contracts

Samples: Master Retail Repurchase Agreement, Master Retail Repurchase Agreement, Master Retail Repurchase Agreement

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Non-assignability; Termination. 17.1 The rights and obligations of the parties under this Agreement and under any Transaction shall not be assigned by either party without the prior written consent of the other party, and any such assignment without the prior written consent of the other party shall be null and void. Subject to the foregoing, (i) this Agreement and any Transaction shall be binding upon and shall inure to the benefit of the parties and their respective successors and assigns. This shall not preclude ; and (ii) a party from assigningmay assign, charging charge or otherwise dealing deal with all or any part of its interest in any sum payable to it under this Agreement. For , which, for the avoidance of doubt this doubt, means that the Client may use the interest in any sum payable to him/her hereunder for the purposes of securing credit facilities.

Appears in 4 contracts

Samples: Master Retail Repurchase Agreement, Master Retail Repurchase Agreement, Master Retail Repurchase Agreement

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Non-assignability; Termination. 17.1 The rights and obligations of the parties under this Agreement and under any Transaction shall not be assigned by either party without the prior written consent of the other party, and any such assignment without the prior written consent of the other party shall be null and void. Subject to the foregoing, (i) this Agreement and any Transaction shall be binding upon and shall inure to the benefit of the parties and their respective successors and assigns. This shall not preclude ; and (ii) a party from assigningmay assign, charging charge or otherwise dealing deal with all or any part of its interest in any sum payable to it under this Agreement. For , which, for the avoidance of doubt this doubt, means that the Client may use the interest in any sum payable to him/him/ her hereunder for the purposes of securing credit facilities.

Appears in 1 contract

Samples: Master Retail Repurchase Agreement

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