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Common use of Otherwise Void Clause in Contracts

Otherwise Void. Any purported assignment, pledge, or other -------------- transfer in violation of this section is void from beginning and not effective.

Appears in 3 contracts

Sources: Credit Agreement (Matrix Capital Corp /Co/), Credit Agreement (Matrix Bancorp Capital Trust I), Credit Agreement (Pioneer Commercial Funding Corp /Ny/)

Related Clauses

  • Transfer Void; Equitable Relief
  • Several Obligations; Nonreliance; Violation of Law
  • Trustee Entitled to Assume Payments Not Prohibited in Absence of Notice
  • Default Not Exceeding 10% of Firm Units
  • Transfer or Re-sale

Parent Clauses

  • Parties
  • Miscellaneous
  • AFFIRMATIVE COVENANTS
  • Defaults and Remedies
  • Assignment

Sub-Clauses

  • ADDITIONAL CONDITIONS
  • PARTICIPATION AGREEMENTS
  • ELIGIBLE-MORTGAGE SECURITY
  • PARTICIPANT RIGHTS
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