Benefit; Assignment. The rights, powers and remedies of Lender under this Agreement shall inure to the benefit of Lender and its successors and assigns. The rights and obligations of Borrower under this Agreement may not be assigned and any purported assignment by Borrower shall be null and void.
Appears in 4 contracts
Sources: Loan Agreement (MVC Capital, Inc.), Construction Loan Agreement (Heartland Partners L P), Construction Loan Agreement (Heartland Partners L P)
Benefit; Assignment. The rights, powers and remedies of Lender ------------------- under this Agreement shall inure to the benefit of Lender and its successors and assigns. The rights and obligations of Borrower Borrowers under this Agreement may not be assigned and any purported assignment by Borrower Borrowers shall be null and void.
Appears in 1 contract
Sources: Loan Agreement (Sundance Homes Inc)
Benefit; Assignment. The rights, powers and remedies of the Lender and Borrower under this Agreement shall inure to their respective benefits and to the benefit of Lender and its their respective successors and permitted assigns. The rights and obligations of Borrower under this Agreement may not be assigned and any purported assignment by Borrower shall be null and voidvoid without prior written approval of Lender. The rights of Lender under this Agreement may be assigned within the sole and absolute discretion of Lender without consent of or prior notice to Borrower.
Appears in 1 contract
Benefit; Assignment. The rights, powers and remedies of Lender under this Agreement shall inure to the benefit of Lender and its successors and assigns. The rights and obligations of Borrower under this Agreement may not be assigned and any purported assignment by Borrower shall be null and void.. Notwithstanding anything to the contrary contained herein, Borrower may be converted into New LLC of which
Appears in 1 contract