Common use of Binding Agreement; Assignments Clause in Contracts

Binding Agreement; Assignments. This Agreement, and the terms, covenants and conditions hereof, shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, except that the Pledgor shall not be permitted to assign this Agreement or any interest herein or in the Collateral or any part thereof, or otherwise pledge, encumber or grant any option with respect to the Collateral or any part thereof, or any cash or property held by the Secured Party as Collateral under this Agreement, except as contemplated by this Agreement.

Appears in 2 contracts

Sources: Pledge Agreement (Ameritrans Capital Corp), Stock Pledge Agreement (Ameritrans Capital Corp)

Binding Agreement; Assignments. This Agreement, and the terms, covenants and conditions hereof, shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, except that the Pledgor shall not be permitted to assign this Agreement or any interest herein or in the Collateral or any part thereofCollateral, or otherwise pledge, encumber or grant any option with respect to the Collateral or any part thereof, or any cash or property held by the Secured Party Lender as Collateral under this Agreement, except as contemplated by this Agreement.

Appears in 2 contracts

Sources: Pledge Agreement (GS Energy CORP), Pledge Agreement (Greenshift Corp)

Binding Agreement; Assignments. This Agreement, and the terms, covenants and conditions hereof, shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, except that the Pledgor shall not be permitted to assign this Agreement or any interest herein or in the Collateral or any part thereof, or otherwise pledge, encumber or grant any option with respect to the Collateral or any part thereof, or any cash or property held by the Secured Party Collateral Agent as Collateral under this Agreement, except as contemplated by this AgreementAgreement or the other Financing Documents.

Appears in 2 contracts

Sources: Pledge Agreement (Allegheny Energy, Inc), Pledge Agreement (Allegheny Energy, Inc)

Binding Agreement; Assignments. This Agreement, and the terms, covenants and conditions hereof, shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, except that the Pledgor Debtor shall not be permitted to assign this Agreement or any interest herein or in the Collateral or any part thereofCollateral, or otherwise pledge, encumber or grant any option with respect to the Collateral or any part thereof, or any cash or property held by the Secured Party Holder as Collateral under this Agreement, except as contemplated by this Agreement.

Appears in 1 contract

Sources: Security Agreement (Stratus Media Group, Inc)

Binding Agreement; Assignments. This Agreement, and the terms, covenants and conditions hereof, Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns, except that the . Pledgor shall not be permitted to assign this Agreement or any interest herein or in the Collateral or any part thereofPledged Collateral, or otherwise pledge, encumber or grant any option with respect to the Collateral or any part thereof, or any cash or property held by the Secured Party Lender as Pledged Collateral under this Agreement, except as contemplated by with the prior written consent of Lender. Any purported assignment in violation of this AgreementSection shall be null and void.

Appears in 1 contract

Sources: Loan Agreement (Paratek Pharmaceuticals, Inc.)

Binding Agreement; Assignments. This Agreement, and the terms, covenants and conditions hereof, Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns, except that the . Each Pledgor shall not be permitted to assign this Agreement or any interest herein or in the Collateral or any part thereofCollateral, or otherwise pledge, encumber or grant any option with respect to the Collateral or any part thereof, or any cash or property held by the Secured Party Indenture Trustee as Collateral under this Agreement, except (a) with the prior written consent of the Indenture Trustee, if applicable, or (b) as contemplated by permitted under the Indenture. Any purported assignment in violation of this AgreementSection shall be null and void.

Appears in 1 contract

Sources: Pledge and Security Agreement (Pinnacle Towers III LLC)

Binding Agreement; Assignments. This Pledge Agreement, and the terms, covenants and conditions hereof, shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, administrators, successors and assigns, except that without the written consent of Lender, Pledgor shall not be permitted to assign this Pledge Agreement or any interest herein or in the Collateral or any part thereof, or otherwise transfer, pledge, encumber or grant any option with respect to the Collateral or any part thereof, or any cash or property held by the Secured Party as Collateral under this Agreement, except as contemplated by this Agreement.

Appears in 1 contract

Sources: Pledge Agreement (Entrust Financial Services Inc)

Binding Agreement; Assignments. This Agreement, and the terms, covenants and conditions hereof, shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns, except that the Pledgor Pledgors shall not be permitted to assign this Agreement or any interest herein or in the Collateral or any part thereof, or otherwise pledge, encumber or grant any option with respect to the Collateral or any part thereof, or any cash or property held by the Secured Party Security Agent as Collateral under this Agreement, except as contemplated by this Agreement.

Appears in 1 contract

Sources: Pledge Agreement (Getty Images Inc)