Common use of Prohibition of Assignments by Borrower Clause in Contracts

Prohibition of Assignments by Borrower. Borrower shall not assign or attempt to assign its rights under this Agreement and any purported assignment shall be void.

Appears in 10 contracts

Sources: Loan Agreement (Legacy Housing Corp), Loan Agreement (Legacy Housing Corp), Loan Agreement (Origin Bancorp, Inc. Attn: Chase Anderson)

Prohibition of Assignments by Borrower. Borrower shall not assign or attempt to assign its rights under this Agreement and any purported assignment shall be void. It is understood and agreed than consummation of the Vantage Merger shall not constitute an assignment of this Agreement for purposes of the foregoing.

Appears in 1 contract

Sources: Loan Agreement (YADKIN FINANCIAL Corp)

Prohibition of Assignments by Borrower. Borrower shall not assign or attempt to assign its rights under this Agreement and any purported assignment shall be voidAgreement.

Appears in 1 contract

Sources: Revolving Loan Agreement (United Western Bancorp Inc)