Assignments and Participations Successors Sample Clauses

The "Assignments and Participations; Successors" clause defines the rules under which parties to an agreement may transfer their rights or obligations to others, and how successors are recognized under the contract. Typically, this clause outlines whether and how a party can assign its interests or allow third parties to participate in the agreement, often requiring consent from the other party or meeting certain conditions. It also clarifies that the contract is binding on and benefits any successors or permitted assigns. The core function of this clause is to provide certainty and control over changes in the parties to the agreement, preventing unauthorized transfers and ensuring continuity of obligations and rights.
Assignments and Participations Successors. 83 14.1 Assignments and Participations..................................83 14.2 Successors......................................................85 15.
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Assignments and Participations Successors. 1Assignments and Participations.
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Assignments and Participations Successors. This Agreement shall bind and inure to the benefit of the respective successors and assigns of each of the parties; provided, however, that Borrower may not assign this Agreement or any rights or duties hereunder without Lender’s prior written consent.
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Assignments and Participations Successors. 1 13.1 Assignments and Participations 1 13.2 Successors 1
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Assignments and Participations Successors. This Agreement shall bind and inure to the benefit of the respective successors and assigns of each of the parties; provided, however, that BDI Group may not assign this Agreement or any rights or duties hereunder without TDG’s prior written consent.
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Assignments and Participations Successors. 4551 13.1 Assignments and Participations 4551 13.2 Successors 5159
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Assignments and Participations Successors 
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Related to Assignments and Participations Successors

  • Assignments and Participations (a) The provisions of the Loan Documents shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that the Borrower may not assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of each Credit Party (and any attempted assignment or transfer by the Borrower without such consent shall be null and void). Nothing in the Loan Documents, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby and, to the extent expressly contemplated hereby, the Related Parties of each Credit Party) any legal or equitable right, remedy or claim under or by reason of any Loan Document. (b) Any Lender may assign to one or more Eligible Assignees all or a portion of its rights and obligations under the Loan Documents (including all or a portion of its Commitment or obligations in respect of its LC Exposure and the applicable Loans at the time owing to it), provided that (i) except in the case of an assignment to a Lender or an Affiliate or an Approved Fund of a Lender, each of the Borrower, the Administrative Agent and the Issuing Bank must give its prior written consent to such assignment (which consent shall not be unreasonably withheld or delayed)), (ii) except in the case of an assignment to a Lender or an Affiliate or an Approved Fund of a Lender or an assignment of the entire remaining amount of the assigning Lender's Commitment, the amount of the Commitment of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Acceptance Agreement with respect to such assignment is delivered to the Administrative Agent) shall not be less than $5,000,000 unless the Borrower and the Administrative Agent otherwise consent, (iii) no assignments to the Borrower or any of its Affiliates shall be permitted, (iv) the parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Acceptance Agreement together with, unless otherwise agreed by the Administrative Agent, a processing and recordation fee of $3,500, and (v) the assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire, and provided further, that any consent of the Borrower otherwise required under this paragraph shall not be required if a Default has occurred and is continuing. Subject to