Common use of Assignment and Postponement Clause in Contracts

Assignment and Postponement. (a) All obligations, liabilities and indebtedness of the Corporation to the Guarantor of any nature whatsoever and all security therefor (the “Intercorporate Indebtedness”) are hereby assigned and transferred to the Agent as continuing and collateral security for the Guarantor’s obligations under this Guarantee. Until notice by the Agent that the Guaranteed Obligations are due and payable, the Guarantor may receive payments in respect of the Intercorporate Indebtedness in accordance with its terms. The Guarantor shall not assign all or any part of the Intercorporate Indebtedness to any person other than the Agent or the Vendors.

Assignment and Postponement. (a1) All obligations, liabilities and indebtedness of the Corporation Borrower to the Guarantor of any nature whatsoever and all security therefor (the “Intercorporate Indebtedness”) are hereby assigned and transferred to the Collateral Agent as continuing and collateral security for the Guarantor’s obligations under this Guarantee. Until notice by the Agent that the Guaranteed Obligations are due and payableoccurrence of an Event of Default, the Guarantor may receive payments in respect of the Intercorporate Indebtedness in accordance with its their terms. The Guarantor shall not assign all or any part of the Intercorporate Indebtedness to any person Person other than the Collateral Agent or the VendorsSecured Creditors.

Assignment and Postponement. (a1) All obligations, liabilities and indebtedness of the Corporation SWT to the Guarantor Guarantor, if any, of any nature whatsoever and all security therefor (the “"Intercorporate Indebtedness”") are hereby assigned and transferred to the Collateral Agent as continuing and collateral security for the Guarantor’s 's obligations under this Amended and Restated Guarantee. Until notice by the Agent that the Guaranteed Obligations are due and payableoccurrence of an Event of Default, the Guarantor may receive payments in respect of the Intercorporate Indebtedness in accordance with its their terms. The Guarantor shall not assign all or any part of the Intercorporate Indebtedness to any person Person other than the Collateral Agent or the VendorsSecured Creditors.

Assignment and Postponement. (a1) All obligations, liabilities and indebtedness of the Corporation any Parent Guarantor to the Guarantor Guarantor, if any, of any nature whatsoever and all security therefor (the “"Intercorporate Indebtedness”") are hereby assigned and transferred to the Collateral Agent as continuing and collateral security for the Guarantor’s 's obligations under this Guarantee. Until notice by the Agent that the Guaranteed Obligations are due and payableoccurrence of an Event of Default, the Guarantor may receive payments in respect of the Intercorporate Indebtedness in accordance with its their terms. The Guarantor shall not assign all or any part of the Intercorporate Indebtedness to any person Person other than the Collateral Agent or the VendorsSecured Creditors.