BINDING EFFECT OF AGREEMENT; ASSIGNMENTS; PARTICIPATIONS. (a) This Agreement shall be binding upon and inure to the benefit of the Credit Parties and the Bank and their respective successors and assigns; PROVIDED that the Credit Parties may not assign or transfer their rights or obligations hereunder.
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Sources: Revolving Credit Agreement (Biosphere Medical Inc), Revolving Credit Agreement (Sepracor Inc /De/)
BINDING EFFECT OF AGREEMENT; ASSIGNMENTS; PARTICIPATIONS. (a) This Agreement shall be binding upon and inure to the benefit of the Credit Parties and the Bank and their respective successors and assigns; PROVIDED provided that the Credit Parties may not assign or transfer their rights or obligations hereunder.
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