Common use of Assignment of Note Clause in Contracts

Assignment of Note. The Noteholder may not assign, transfer, sell or otherwise dispose of its right, title or interest in this Note without the prior written consent of Buyer, such consent not to be unreasonably withheld or delayed. Any such consent shall include an agreement that any assignee, transferee or purchaser shall agree in writing to become the Noteholder hereunder and to be bound by all of the terms and conditions contained in the Transaction Documents applicable to a “Noteholder,” as such and to be bound by the Subordination Agreement and to enter into documentation to give effect thereto.

Appears in 2 contracts

Sources: Secured Promissory Note (Wave2Wave Communications, Inc.), Secured Promissory Note (Wave2Wave Communications, Inc.)