Common use of Benefits of Guaranty Clause in Contracts

Benefits of Guaranty. The provisions of this Guaranty are for the benefit of the Lender and its successors, transferees, endorsees and assigns, and nothing herein contained shall impair, as between the Borrower and the Lender, the obligations of the Borrower under the Loan Documents. In the event that all or any part of the Obligations are transferred, endorsed or assigned by the Lender to any Person or Persons as permitted under the Loan Agreement, any reference to a “Lender” herein shall be deemed to refer similarly and ratably to such Person or Persons.

Appears in 4 contracts

Samples: Guaranty Agreement (Afp Imaging Corp), Guaranty Agreement (Aftersoft Group), Agreement (EVCI Career Colleges Holding Corp)

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Benefits of Guaranty. The provisions of this Guaranty are for the benefit of the Lender and its successors, transferees, endorsees and assigns, and nothing herein contained shall impair, as between the Borrower and the Lender, the obligations of the Borrower under the Loan Documents. In the event that all or any part of the Obligations are transferred, endorsed or assigned by the Lender to any Person or Persons as permitted under the Loan Agreement, any reference to a “Lender” herein shall be deemed to refer similarly and ratably equally to such Person or Persons.

Appears in 2 contracts

Samples: Guaranty Agreement (Clearpoint Business Resources, Inc), Guaranty Agreement (General Environmental Management, Inc)

Benefits of Guaranty. The provisions of this Guaranty are for the benefit of the Lender and its respective permitted successors, transferees, endorsees and assigns, and nothing herein contained shall impair, as between the Borrower and the Lender, the obligations of the Borrower under the Credit Agreement and the other Loan Documents. In the event that all or any part of the Guaranteed Obligations are transferred, endorsed or assigned by the Lender to any Person or Persons as permitted under the Loan Credit Agreement, any reference to a an “Lender” herein shall be deemed to refer similarly and ratably equally to such Person or Persons.

Appears in 1 contract

Samples: Credit Agreement (Compx International Inc)

Benefits of Guaranty. The provisions of this Guaranty are for the benefit of the Lender and its successors, transferees, endorsees and assigns, and nothing herein contained shall impair, as between the Borrower and the Lender, the obligations of the Borrower under the Credit Agreement or other Loan Documents. In the event that all or any part of the Guaranteed Obligations are transferred, endorsed or assigned by the Lender to any Person or Persons as permitted under the Loan Credit Agreement, any reference to a “Lender” herein shall be deemed to refer similarly and ratably equally to such Person or Persons.

Appears in 1 contract

Samples: Credit Agreement (Benson Hill, Inc.)

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Benefits of Guaranty. The provisions of this Guaranty are for the benefit of the Lender and its respective successors, transferees, endorsees and assigns, and nothing herein contained shall impair, as between the Borrower and the Lender, the obligations of the Borrower under the Loan Documents. In the event that all or any part of the Guaranteed Obligations are transferred, endorsed or assigned by the Lender to any Person or Persons as permitted under the Loan AgreementPersons, any reference to a “"Lender" herein shall be deemed to refer similarly and ratably equally to such Person or Persons.

Appears in 1 contract

Samples: Credit Agreement (Penske Motorsports Inc)

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