Common use of Successors and Assigns Participations Assignments Clause in Contracts

Successors and Assigns Participations Assignments. (a) This Agreement shall be binding upon, and inure to the benefit of the parties hereto and their respective successors and assigns, except that (i) the Borrower may not, directly or indirectly, assign or transfer, or attempt to assign or transfer, any of its Rights, duties, or obligations under any Loan Papers to which it is a party without the express written consent of all Lenders, and (ii) except as permitted under this Section 9.20, no Lender may transfer, pledge, assign, sell participations in, or otherwise encumber its portion of the Obligation.

Appears in 2 contracts

Samples: Credit Agreement (Centurytel Inc), Credit Agreement (Centurytel Inc)

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Successors and Assigns Participations Assignments. (a) This Agreement shall be binding upon, and inure to the benefit of the parties hereto and their respective successors and assigns, except that (i) the Borrower may not, directly or indirectly, assign or transfer, or attempt to assign or transfer, any of its Rights, duties, or obligations under any Loan Papers to which it is a party without the express written consent of all LendersBanks, and (ii) except as permitted under Section 2.20 and this Section 9.20, no Lender Bank may transfer, pledge, assign, sell participations in, or otherwise encumber its portion of the Obligation.

Appears in 1 contract

Samples: Credit Facility Agreement (Century Telephone Enterprises Inc)

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Successors and Assigns Participations Assignments. (a) This Agreement shall be binding upon, and inure to the benefit of of, the parties hereto and their respective successors and assigns, except that (i) the Borrower may not, directly or indirectly, assign or transfer, or attempt to assign or transfer, any of its Rights, duties, or obligations under any Loan Papers to which it is a party without the express written consent of all LendersBanks, and (ii) except as permitted under Section 2.20 and this Section 9.20, no Lender Bank may transfer, pledge, assign, sell participations in, or otherwise encumber its portion of the Obligation.

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (Century Telephone Enterprises Inc)

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