Common use of SUCCESSOR INTERESTS Clause in Contracts

SUCCESSOR INTERESTS. Subject to the limitations set forth above on transfer of the Collateral, this Security Agreement shall be binding upon and inure to the benefit of the parties, their successors and assigns to the extent permitted by Section 5.6 of the Loan Agreement. The Debtors shall not, however, have the right to assign this Security Agreement without the prior written consent of the Secured Parties which may be withheld for any reason in the Secured Parties’ sole discretion.

Appears in 6 contracts

Samples: Security Agreement (Isco International Inc), Security Agreement (Isco International Inc), Security Agreement (Isco International Inc)

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SUCCESSOR INTERESTS. Subject to the limitations set forth above on transfer of the Collateral, this Security Agreement shall be binding upon and inure to the benefit of the parties, their successors and assigns to the extent permitted by Section 5.6 of the 2008 Loan Agreement. The Debtors shall not, however, have the right to assign this Security Agreement without the prior written consent of the Secured Parties which may be withheld for any reason in the Secured Parties’ sole discretion.

Appears in 1 contract

Samples: Security Agreement (Isco International Inc)

SUCCESSOR INTERESTS. Subject to the limitations set forth above on transfer of the Collateral, this Security Agreement shall be binding upon and inure to the benefit of the parties, their successors and assigns to the extent permitted by Section 5.6 of the Loan Agreementassigns. The Debtors shall not, however, have the right to assign this Security Agreement without the prior written consent of the Secured Parties which may be withheld for any reason in the Secured Parties' sole discretion.

Appears in 1 contract

Samples: Security Agreement (Constellation 3d Inc)

SUCCESSOR INTERESTS. Subject to the limitations set forth above on transfer of the Collateral, this Security Agreement shall be binding upon and inure to the benefit of the parties, their successors and assigns to the extent permitted by Section 5.6 of the Loan Agreementassigns. The Debtors Obligors shall not, however, have the right to assign this Security Agreement without the prior written consent of the Secured Parties Collateral Agent which may be withheld for any reason in the Secured Parties’ Collateral Agent's sole discretion.

Appears in 1 contract

Samples: Security Agreement (Appliedtheory Corp)

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SUCCESSOR INTERESTS. Subject to the limitations set forth above on transfer of the Collateral, this Security Agreement shall be binding upon and inure to the benefit of the parties, their successors and assigns to the extent permitted by Section 5.6 of the Loan Agreementassigns. The Debtors shall not, however, have the right to assign this Security Agreement without the prior written consent of the Secured Parties which may be withheld for any reason in the Secured Parties’ sole discretion.

Appears in 1 contract

Samples: Security Agreement (Illinois Superconductor Corporation)

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