This Agreement is for the benefit of the Lender and the Lender's successors and assigns; and in the event that the Lender shall assign, indorse, sell, transfer, or hypothecate to any person, firm, or corporation all or any portion of its rights hereunder, such assignment or transfer to that extent automatically shall constitute an assignment and transfer of this Agreement and of the rights given to the Lender hereunder, and the assignee, indorsee, transferee or successor of the Lender shall have, jointly with the Lender, all of the rights and privileges given to the Lender by the terms hereof. The Pledgors shall have no right to assign any of its rights or delegate any of its duties hereunder without the prior written consent of the Lender.