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

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

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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

Samples: Energy Pledge Agreement (GS Energy CORP), Agrifuels 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

Samples: 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 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

Samples: Pledge Agreement (Getty Images Inc)

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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 Guarantor shall not be permitted to assign this Agreement or any interest interests 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 as Collateral under this AgreementAgreement without the prior written consent of the Secured Party, except as contemplated by this Agreementwhich may be withheld in the sole discretion of the Secured Party.

Appears in 1 contract

Samples: Guarantee and Security Agreement (Mitel Networks Corp)

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