Subsequent Holder Clause Samples
The "Subsequent Holder" clause defines the rights and obligations of any party who acquires an interest in the contract or subject matter after the original agreement is executed. Typically, this clause ensures that any new holder, such as an assignee or transferee, is bound by the same terms and conditions as the original parties. For example, if a contract is assigned to a third party, that third party must comply with all existing obligations and benefits under the agreement. The core function of this clause is to maintain continuity and enforceability of the contract, preventing parties from circumventing responsibilities through transfer or assignment.
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Subsequent Holder. All references to Lender in this Promissory Note shall also refer to any subsequent owner or holder of this Promissory Note by transfer, assignment, endorsement or otherwise.
Subsequent Holder. Notwithstanding of the foregoing and notwithstanding Section 5.11 hereof, no rights hereunder shall inure to the benefit of, or be exercisable by, any transferee or assignee acquiring Units in a public sale or public distribution.
Subsequent Holder. Any future purchaser of Warrants in accordance with the terms of the Note Purchase Agreement may become a party to this Agreement after the date hereof without the consent of the other parties hereto by executing a counterpart signature page to this Agreement. Each such party shall be deemed a Holder hereunder. Annex I hereto shall be amended from time to time to reflect the addition of any Holder pursuant to this Section 15.
Subsequent Holder. The registered holder of this Note may be treated as the owner of it for all purposes.
Subsequent Holder. All references to Payee in this Note shall also refer to any subsequent owner or holder of this Note by transfer, assignment, endorsement, or otherwise.
Subsequent Holder. In the event the holder of this Master Note transfers this Master Note for value, Borrower agrees that all subsequent holders of this Master Note shall not be subject to any claims or defenses which Borrower may have against a prior holder, all of which are waived as to the subsequent holder, and that all subsequent holders shall have all of the rights of a holder in due course with respect to Borrower even though the subsequent holder may not qualify, under applicable law, absent this paragraph, as a holder in due course.
Subsequent Holder. The ownership of any of the Notes shall be proven by such register and the Company may conclusively rely upon such register.
Subsequent Holder. The Department may pledge, transfer, or assign this Note and its rights under the Loan Documents. Any pledging, transferring or assigning of rights shall also apply to any renewals, extensions or modifications. A transferee, pledgee, or assignee shall have the same rights as the Department hereunder with respect to this Note.
Subsequent Holder. The Lender may pledge, transfer, or assign this Note and its rights under the Loan Documents. Any pledge, transfer, or assignment of rights shall also apply to any renewals, extensions or modifications. A transferee, pledgee, or assignee shall have the same rights as the Lender hereunder with respect to this Note.