Common use of Amendments; Assignments Clause in Contracts

Amendments; Assignments. (a) This Agreement will not be amended, modified, restated, supplemented or replaced in any manner, except with the written consent of the Grantor, the Securities Intermediary and the Collateral Agent. (b) Subject to clause (c) below, this Agreement may not be transferred, assigned, hypothecated or alienated in any manner whatsoever, except with the prior written consent of the Grantor, the Securities Intermediary and the Collateral Agent. (c) The Grantor hereby agrees that, in the event that the Collateral Agent assigns, transfers or conveys its rights and duties under the Security Agreement to any party (the “Assignee”), the Collateral Agent shall have the right to assign and transfer this Agreement and the control created hereby to the Assignee, and the Grantor and the Securities Intermediary hereby consent to such assignment and transfer.

Appears in 2 contracts

Sources: Pledge and Security Agreement (GLADSTONE LAND Corp), Pledge and Security Agreement (GLADSTONE LAND Corp)

Amendments; Assignments. (a) This Agreement will not be amended, modified, restated, supplemented or replaced in any manner, except with the written consent of the Grantor, the Performance Guarantor, the Securities Intermediary and the Collateral Agent. (b) Subject to clause (c) below, this Agreement may not be transferred, assigned, hypothecated or alienated in any manner whatsoever, except with the prior written consent of the Grantor, the Performance Guarantor, the Securities Intermediary and the Collateral Agent. (c) The Grantor hereby agrees that, in the event that the Collateral Agent assigns, transfers or conveys its rights and duties under the Security Agreement to any party (the “Assignee”), the Collateral Agent shall have the right to assign and transfer this Agreement and the control created hereby to the Assignee, and the Grantor and the Securities Intermediary hereby consent to such assignment and transfer.

Appears in 2 contracts

Sources: Pledge and Security Agreement (Farmland Partners Inc.), Pledge and Security Agreement (Farmland Partners Inc.)