Common use of Benefit of Agreement Clause in Contracts

Benefit of Agreement. The provisions of this Agreement shall be binding upon and inure to the benefit of the respective successors, assigns, heirs, beneficiaries and representatives of Borrower and Silicon; provided, however, that Borrower may not assign or transfer any of its rights under this Agreement without the prior written consent of Silicon, and any prohibited assignment shall be void. No consent by Silicon to any assignment shall release Borrower from its liability for the Obligations.

Appears in 127 contracts

Samples: Security Agreement (Maxwell Technologies Inc), Security Agreement (Network Computing Devices Inc), Loan and Security Agreement (Sigma Designs Inc)

AutoNDA by SimpleDocs

Benefit of Agreement. The provisions of this Agreement shall be binding upon and inure to the benefit of the respective successors, assigns, heirs, beneficiaries and representatives of Borrower and Siliconthe parties hereto; provided, however, that the Borrower may not assign or transfer any of its rights under this Agreement without the prior written consent of Silicon, and any prohibited assignment shall be void. No consent by Silicon to any assignment shall release the Borrower from its liability for the Obligations.

Appears in 9 contracts

Samples: Loan and Security Agreement (Kofax Image Products Inc), Loan and Security Agreement (Emulex Corp /De/), Loan and Security Agreement (Truevision Inc)

Benefit of Agreement. The provisions of this Agreement shall be binding upon and inure to the benefit of the respective successors, assigns, heirs, beneficiaries and representatives of Borrower and Silicon; provided, however, that Borrower may not assign or transfer any of its rights under this Agreement without the prior written consent of Silicon, Silicon and any prohibited assignment shall be void. No consent by Silicon to any assignment shall release Borrower from its liability for the Obligations.

Appears in 3 contracts

Samples: Security Agreement (Rackable Systems, Inc.), Security Agreement (Rackable Systems, Inc.), Security Agreement (Rackable Systems, Inc.)

Benefit of Agreement. The provisions of this Agreement shall be binding upon and inure to the benefit of the respective successors, assigns, heirs, beneficiaries and representatives of Borrower Debtor and Silicon; provided, however, that Borrower Debtor may not assign or transfer any of its rights under this Agreement without the prior written consent of Silicon, and any prohibited assignment shall be void. No consent by Silicon to any assignment shall release Borrower Debtor from its liability for the Obligations.

Appears in 3 contracts

Samples: Security Agreement (Occam Networks Inc/De), Security Agreement (Quinton Cardiology Systems Inc), Security Agreement (Netplex Group Inc)

Benefit of Agreement. The provisions of this Agreement shall be binding upon and inure to the benefit of the respective successors, assigns, heirs, beneficiaries and representatives of Borrower and Silicon; provided, however, that Borrower may not assign or transfer any of its rights under this Agreement without the prior written consent of Silicon, and any prohibited assignment shall be void. No consent by -12- Silicon to any assignment shall release Borrower from its liability for the Obligations.Valley Bank Loan and Security Agreement ------------------------------------------------------------------------

Appears in 1 contract

Samples: Loan and Security Agreement (Sonic Innovations Inc)

Benefit of Agreement. The provisions of this Agreement shall be binding upon and inure to the benefit of the respective successors, assigns, heirs, beneficiaries and representatives of Borrower and Silicon; provided, however, that Borrower may not assign or transfer any of its rights under this Agreement without the prior written consent of Silicon, and any prohibited assignment shall be void. No consent by Silicon to any assignment shall release re-lease Borrower from its liability for the Obligations.

Appears in 1 contract

Samples: Security Agreement (Entrada Networks Inc)

Benefit of Agreement. The provisions of this Agreement shall be binding upon and inure to the benefit of the respective successors, assigns, heirs, beneficiaries and representatives of Borrower and Silicon; provided, however, that Borrower may not assign or transfer any of its rights under this Agreement without the prior written consent of Silicon, and SILICON VALLEY BANK LOAN AND SECURITY AGREEMENT any prohibited assignment shall be void. No consent by Silicon to any assignment shall release Borrower from its liability for the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (First Virtual Communications Inc)

Benefit of Agreement. The provisions of this Agreement shall be binding upon and inure to the benefit of the respective successors, assigns, heirs, beneficiaries and SILICON VALLEY BANK LOAN AND SECURITY AGREEMENT representatives of Borrower and Silicon; provided, however, that Borrower may not assign or transfer any of its rights under this Agreement without the prior written consent of Silicon, and any prohibited assignment shall be void. No consent by Silicon to any assignment shall release Borrower from its liability for the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Cambridge Heart Inc)

Benefit of Agreement. The provisions of this Agreement shall be binding upon and inure to the benefit of the respective successors, assigns, heirs, beneficiaries and representatives of Borrower and Siliconthe parties hereto; provided, ,' however, that the Borrower may not assign or transfer any of its rights under this Agreement without the prior written consent of Silicon, and any prohibited assignment shall be void. No consent by Silicon to any assignment shall release the Borrower from its liability for the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Vision Solutions Inc)

Benefit of Agreement. The provisions of this Agreement shall be binding upon and inure to the benefit of the respective successors, assigns, heirs, beneficiaries and representatives of Borrower and Silicon; provided, however, that Borrower may not assign or transfer any of its rights under this Agreement without the prior written consent of Silicon, and any prohibited assignment shall be void. No consent by Silicon to any assignment shall release re­lease Borrower from its liability for the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Satcon Technology Corp)

Benefit of Agreement. The provisions of this Agreement shall be binding upon and inure to the benefit of the respective successors, assigns, heirs, beneficiaries and representatives of Borrower and Silicon; provided, however, that Borrower may not assign or transfer any of its rights under this Agreement without the prior written consent of Silicon, and any prohibited assignment shall be void. No consent by Silicon to any assignment shall release Borrower from its liability for the Obligations.. SILICON VALLEY BANK LOAN AND SECURITY AGREEMENT

Appears in 1 contract

Samples: Loan and Security Agreement (Zhone Technologies Inc)

AutoNDA by SimpleDocs

Benefit of Agreement. The provisions of this Agreement shall be binding upon and inure to the benefit of the respective successors, assigns, heirs, beneficiaries and representatives of Borrower and Silicon; provided, however, that Borrower may not assign or transfer any of its rights under this Agreement without the prior written consent of Silicon, which consent shall not be unreasonably withheld, delayed or conditioned, and any prohibited assignment shall be void. No consent by Silicon to any assignment shall release Borrower from its liability for the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Interliant Inc)

Benefit of Agreement. The provisions of this Agreement shall be binding upon and inure to the benefit of the respective successors, assigns, heirs, beneficiaries and representatives of Borrower and Silicon; provided, however, that Borrower may not assign or transfer any of its rights under this Agreement without the prior written consent of Silicon, and any prohibited assignment shall be void. No consent by Silicon to any assignment shall release me lease Borrower from its liability for the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Callidus Software Inc)

Benefit of Agreement. The provisions of this Agreement shall be binding upon and inure to the benefit of the respective successors, assigns, heirs, beneficiaries and representatives of Borrower and Siliconthe parties hereto; provided, however, that the Borrower may not assign or transfer any of its rights under this Agreement without the prior written consent of Silicon, and any prohibited assignment alignment shall be void. No consent by Silicon to any assignment shall release the Borrower from its liability for the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Fleming Standish)

Benefit of Agreement. The provisions of this Agreement shall be binding upon and inure to the benefit of the respective successors, assigns, heirs, beneficiaries and representatives of Borrower and Silicon; provided, however, that Borrower may not assign or transfer any of its rights under this Agreement without the prior written consent of Silicon, and any prohibited assignment shall be void. No consent by Silicon to any assignment shall release Borrower from its liability for the Obligations.be

Appears in 1 contract

Samples: Loan and Security Agreement (Conductus Inc)

Benefit of Agreement. The provisions of this Agreement shall be binding upon and inure to the benefit of the respective successors, assigns, heirs, beneficiaries and representatives of Borrower and Silicon; provided, however, that Borrower may not assign or transfer any of its rights under this Agreement without the prior written consent of Silicon, and any prohibited assignment shall be void. No consent by Silicon to any assignment shall release Borrower from its liability for the Obligations.. Silicon Valley Bank Loan and Security Agreement ---------------------------------------------------------------------------

Appears in 1 contract

Samples: Security Agreement (Adept Technology Inc)

Benefit of Agreement. The provisions of this Agreement shall be binding upon and inure to the benefit of the respective successors, assigns, heirs, beneficiaries and representatives of Borrower Borrowers and Silicon; provided, however, that Borrower Borrowers may not assign or transfer any of its rights under this Agreement without the prior written consent of Silicon, and any prohibited assignment shall be void. No consent by Silicon to any assignment shall release Borrower Borrowers from its liability for the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Xenogen Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.