Otherwise Void. Any purported assignment, pledge, or other transfer in violation of this section is void from beginning and not effective.
Appears in 5 contracts
Sources: Loan Agreement (Matrix Bancorp Inc), Credit Agreement (Rac Financial Group Inc), Loan Agreement (Matrix Capital Corp /Co/)
Otherwise Void. Any purported assignment, pledge, or other transfer in violation of this section is void from the beginning and not effective.
Appears in 4 contracts
Sources: Credit Agreement (American Business Financial Services Inc /De/), Loan Agreement (Imc Mortgage Co), Credit Agreement (Cfi Mortgage Inc)