Common use of Successors and Assigns; Assignment to Collateral Agent Clause in Contracts

Successors and Assigns; Assignment to Collateral Agent. This Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective successors and permitted assigns. Except for the assignment by the Purchaser to the Collateral Agent pursuant to the Loan Agreement, this Agreement may not be assigned by the Purchaser or the Seller without the prior written consent of the other party and the Administrative Agent. Each of the parties hereto acknowledges that the rights of the Purchaser under this Agreement are assigned to the Collateral Agent pursuant to the Loan Agreement; provided that, the Collateral Agent has agreed in the Loan Agreement that unless and until an Event of Default shall have occurred and be continuing and the Termination Date has been declared, the Obligations under the Loan Agreement accelerated and the Collateral Agent has delivered a Notice of Exclusive Control, the Purchaser may continue to exercise its rights hereunder.