Common use of Transferability and Assignability Clause in Contracts

Transferability and Assignability. Neither this Agreement nor any of the rights of the Lender hereunder may be transferred or assigned by the Lender. The Lender agrees that the Lender may not cancel, terminate, or revoke this Agreement or any agreement of the Lender made hereunder (except as otherwise specifically provided herein) and that this Agreement shall survive the death or disability of the Lender and shall be binding upon the Lender's heirs, executors, administrators, successors, and assigns.