Common use of Binding Effect; Several Agreement; Assignments Clause in Contracts

Binding Effect; Several Agreement; Assignments. Whenever in this Agreement any of the parties hereto is referred to, such reference shall be deemed to include the successors and assigns of such party; and all covenants, promises and agreements by or on behalf of the Pledgor that are contained in this Agreement shall bind and inure to the benefit of its successors and assigns. This Agreement shall become effective when a counterpart hereof executed on behalf of the Pledgor shall have been delivered to the Collateral Agent and a counterpart hereof shall have been executed on behalf of the Collateral Agent, and thereafter shall be binding upon the Pledgor and the Collateral Agent and their respective successors and assigns, and shall inure to the benefit of the Pledgor, the Collateral Agent and the other Secured Parties, and their respective successors and assigns, except that the Pledgor shall not have the right to assign its rights hereunder or any interest herein or in the Collateral (and any such attempted assignment shall be void), except as expressly contemplated by this Agreement or the other Loan Documents.

Binding Effect; Several Agreement; Assignments. Whenever in this Agreement any of the parties hereto is referred to, such reference shall be deemed to include the successors and assigns of such party; and all covenants, promises and agreements by or on behalf of the any Pledgor that are contained in this Agreement shall bind and inure to the benefit of its successors and assigns. This Agreement shall become effective when a counterpart hereof executed on behalf of the any Pledgor shall have been delivered to the Collateral Agent and a counterpart hereof shall have been executed on behalf of the Collateral Agent, and thereafter shall be binding upon the such Pledgor and the Collateral Agent and their respective successors and assigns, and shall inure to the benefit of the such Pledgor, the Collateral Agent and the other Secured Parties, and their respective successors and assigns, except that the no Pledgor shall not have the right to assign its rights hereunder or any interest herein or in the Collateral (and any such attempted assignment shall be void), except as expressly contemplated by this Agreement or the other Loan Documents.

Binding Effect; Several Agreement; Assignments. Whenever in this Agreement any of the parties hereto is referred to, such reference shall be deemed to include the successors and assigns of such party; and all covenants, promises and agreements by or on behalf of the Pledgor Guarantors that are contained in this Agreement shall bind and inure to the benefit of its each party hereto and their respective successors and assigns. This Agreement shall become effective as to any Guarantor when a counterpart hereof executed on behalf of the Pledgor such Guarantor shall have been delivered to the Collateral Agent Agent, and a counterpart hereof shall have been executed on behalf of the Collateral Agent, and thereafter shall be binding upon the Pledgor such Guarantor and the Collateral Agent and their respective successors and assigns, and shall inure to the benefit of the Pledgorsuch Guarantor, the Collateral Agent and the other Secured Parties, and their respective successors and assigns, except that the Pledgor no Guarantor shall not have the right to assign its rights or obligations hereunder or any interest herein or in the Collateral (and any such attempted assignment shall be void), except as expressly contemplated by this Agreement or . In the other Loan Documents.event that a

Binding Effect; Several Agreement; Assignments. Whenever in this Agreement any of the parties hereto is referred to, such reference shall be deemed to include the successors and assigns of such party; , and all covenants, promises and agreements by or on behalf of the Pledgor that are contained in this Agreement shall bind and inure to the benefit of the Pledgor and its respective successors and assigns. This Agreement shall become effective Agreement, when a counterpart hereof executed on behalf of the Pledgor shall have been delivered to the Collateral Agent and a counterpart hereof shall have been executed on behalf of the Collateral Agentdelivered, and thereafter shall be the valid and binding upon obligation of the Pledgor and the Collateral Administrative Agent and their respective successors and assignsassigns enforceable in accordance with its terms, subject to the limitations on enforceability under applicable Law and limitations on the availability of the remedy of specific performance imposed by the application of general equity principles, and shall inure to the benefit of the Pledgor, the Collateral Administrative Agent and the other Secured Parties, Credit Parties and their respective successors and assigns, except that the Pledgor shall not have the right to assign or transfer its rights or obligations hereunder or any interest herein or in the Pledged Collateral (and any such attempted assignment or transfer shall be void), ) except as expressly contemplated permitted by this Agreement or the other Loan DocumentsCredit Agreement.

Binding Effect; Several Agreement; Assignments. Whenever in this Agreement any of the parties hereto is referred to, such reference shall be deemed to include the successors and assigns of such party; and all covenants, promises and agreements by or on behalf of the Stock Pledgor that are contained in this Agreement shall bind and inure to the benefit of its successors and assigns. This Agreement shall become effective as to the Stock Pledgor when a counterpart hereof executed on behalf of the such Stock Pledgor shall have been delivered to the Collateral Agent and a counterpart hereof shall have been executed on behalf of the Collateral Agent, Agent and thereafter shall be binding upon the such Stock Pledgor and the Collateral Agent and their respective successors and assigns, and shall inure to the benefit of the such Stock Pledgor, the Collateral Agent Agent, the Trustee and the other Secured Parties, and their respective successors and assigns, except that the Stock Pledgor shall not have the right to assign its rights hereunder or any interest herein or in the Note/Debenture Collateral (and any such attempted assignment shall be void), except as expressly contemplated by this Agreement or the other Loan DocumentsIndentures.

Binding Effect; Several Agreement; Assignments. Whenever in this Pledge Agreement any of the parties hereto is referred to, such reference shall be deemed to include the successors and assigns of such party; and all covenants, promises and agreements by or on behalf of the Pledgor that are contained in this Pledge Agreement shall bind and inure to the benefit of its successors and assigns. This Pledge Agreement shall become effective as to Pledgor when a counterpart hereof executed on behalf of the Pledgor shall have been delivered to the Collateral Agent Parent and a counterpart hereof shall have been executed on behalf of the Collateral AgentParent, and thereafter shall be binding upon the Pledgor and the Collateral Agent Pledgor, Parent and their respective successors and assigns, and shall inure to the benefit of the Pledgor, the Collateral Agent and the other Secured Parties, Parent and their respective successors and assigns, except that the Pledgor shall not have the right to assign its rights hereunder or any interest herein or in the Collateral Pledged Securities (and any such attempted assignment shall be void), except as expressly contemplated by this Agreement or the other Loan Documents.

Binding Effect; Several Agreement; Assignments. Whenever in this Agreement any of the parties hereto is referred to, such reference shall be deemed to include the successors and assigns of such party; and all covenants, promises and agreements by or on behalf of the Pledgor Grantors that are contained in this Agreement shall bind and inure to the benefit of its their respective successors and assigns. This Agreement shall become effective as to any Grantor when a counterpart hereof executed on behalf of the Pledgor such Grantor shall have been delivered to the Collateral Agent and a counterpart hereof shall have been executed on behalf of the Collateral Agent, Agent and thereafter shall be binding upon the Pledgor such Grantor and the Collateral Agent and their respective successors and assigns, and shall inure to the benefit of the Pledgorsuch Grantor, the Collateral Agent and the other Secured PartiesCreditors, and their respective successors and assigns, except that the Pledgor such Grantor shall not have the right to assign its rights hereunder or any interest herein or in the Collateral (and any such attempted assignment shall be void), except as expressly contemplated by this Agreement or the other Loan DocumentsIndentures.

Binding Effect; Several Agreement; Assignments. Whenever in this Agreement any of the parties hereto is referred to, such reference shall be deemed to include the successors and assigns of such party; and all covenants, promises and agreements by or on behalf of the any Pledgor that are contained in this Agreement shall bind and inure to the benefit of its successors and assigns. This Agreement shall become effective as to any Pledgor when a counterpart hereof executed on behalf of the such Pledgor shall have been delivered to the Collateral Agent and a counterpart hereof shall have been executed on behalf of the Collateral Agent, and thereafter shall be binding upon the such Pledgor and the Collateral Agent and their respective successors and assigns, and shall inure to the benefit of the such Pledgor, the Collateral Agent and the other Secured Parties, and their respective successors and assigns, except that the no Pledgor shall not have the right to assign its rights hereunder or any interest herein or in the Collateral (and any such attempted assignment shall be void), except as expressly contemplated by this Agreement or the other Loan Documents. This Agreement shall be construed as a separate agreement with respect to each Pledgor and may be amended, modified, supplemented, waived or released with respect to any Pledgor without the approval of any other Pledgor and without affecting the obligations of any other Pledgor hereunder.

Binding Effect; Several Agreement; Assignments. Whenever ----------------------------------------------- in this Agreement any of the parties hereto is referred to, such reference shall be deemed to include the successors and assigns of such party; and all covenants, promises and agreements by or on behalf of the Pledgor that are contained in this Agreement shall bind and inure to the benefit of its successors and assigns. This Agreement shall become effective when a counterpart hereof executed on behalf of the Pledgor shall have been delivered to the Collateral Agent and a counterpart hereof shall have been executed on behalf of the Collateral Agent, and thereafter shall be binding upon the Pledgor and the Collateral Agent and their respective successors and assigns, and shall inure to the benefit of the Pledgor, the Collateral Agent and the other Secured Parties, and their respective successors and assigns, except that the Pledgor shall not have the right to assign its rights hereunder or any interest herein or in the Collateral (and any such attempted assignment shall be void), except as expressly contemplated by this Agreement or the other Loan Documents.

Binding Effect; Several Agreement; Assignments. Whenever in this Agreement any of the parties hereto is referred to, such reference shall be deemed to include the successors and assigns of such party; and all covenants, promises and agreements by or on behalf of the Pledgor that are contained in this Agreement shall bind and inure to the benefit of its each party thereto and their respective successors and assigns. This Agreement shall become effective as to the Pledgor when a counterpart hereof executed on behalf of the Pledgor shall have been delivered to the Collateral Agent and a counterpart hereof shall have been executed on behalf of the Collateral Agent, and thereafter shall be binding upon the Pledgor and the Collateral Agent and their respective successors and assigns, and shall inure to the benefit of the Pledgor, the Collateral Agent and the other Secured Parties, and their respective successors and assigns, except that the Pledgor shall not have the right to assign its rights hereunder or any interest herein or in the Collateral (and any such attempted assignment shall be void), except as expressly contemplated by this Agreement or the other Loan DocumentsIndenture.

Binding Effect; Several Agreement; Assignments. Whenever in this Agreement any of the parties hereto is referred to, such reference shall be deemed to include the successors and assigns of such party; and all covenants, promises and agreements by or on behalf of the Pledgor Terex that are contained in this Agreement shall bind and inure to the benefit of its each party hereto and their respective successors and assigns. This Agreement shall become effective as to Terex when a counterpart hereof executed on behalf of the Pledgor Terex shall have been delivered to the Collateral Agent Agent, and a counterpart hereof shall have been executed on behalf of the Collateral Agent, and thereafter shall be binding upon the Pledgor Terex and the Collateral Agent and their respective successors and assigns, and shall inure to the benefit of the PledgorTerex, the Collateral Agent and the other Secured Parties, and their respective successors and assigns, except that the Pledgor Terex shall not have the right to assign its rights or obligations hereunder or any interest herein or in the Collateral (and any such attempted assignment shall be void), except as expressly contemplated by this Agreement or the other Loan Documents.

Binding Effect; Several Agreement; Assignments. Whenever in this Agreement any of the parties hereto is referred to, such reference shall be deemed to include the successors and assigns of such party; , and all covenants, promises and agreements by or on behalf of the Pledgor Borrower that are contained in this Agreement shall bind and inure to the benefit of its successors and assigns. This Agreement shall become effective as to the Borrower when a counterpart hereof executed on behalf of the Pledgor Borrower shall have been delivered to the Collateral Agent and a counterpart hereof shall have been executed on behalf of the Collateral Agent, and thereafter shall be binding upon the Pledgor Borrower and the Collateral Agent and their respective successors and assigns, and shall inure to the benefit of the PledgorBorrower, the Collateral Agent and the other Secured Parties, Parties and their respective successors and assigns, except that the Pledgor Borrower shall not have the no right to assign or transfer its rights or obligations hereunder or any interest herein or in the Collateral (and any such attempted assignment or transfer shall be void), ) except as expressly contemplated by this Agreement Agreement, the other Security Documents, the Collateral Sharing Agreement, the Senior Loan Documents or the other Loan Indenture Documents.

Binding Effect; Several Agreement; Assignments. Whenever in this Agreement any of the parties hereto is referred to, such reference shall be deemed to include the successors and assigns of such party; and all covenants, promises and agreements by or on behalf of the any Pledgor that are contained in this Agreement shall bind and inure to the benefit of its successors and assigns. This Agreement shall become effective when a counterpart hereof executed on behalf of the Pledgor shall have been delivered to the Collateral Agent and a counterpart hereof shall have been executed on behalf of the Collateral AgentRestatement Effective Date, and thereafter shall be binding upon the Pledgor Pledgors and the Collateral Agent and their respective successors and assigns, and shall inure to the benefit of the each Pledgor, the Collateral Agent and the other Secured Parties, and their respective successors and assigns, except that the no Pledgor shall not have the right to assign its rights hereunder or any interest herein or in the Collateral (and any such attempted assignment shall be void), except as expressly contemplated by this Agreement or the other Loan Documents. If all of the Collateral of a Pledgor is sold, transferred or otherwise disposed of to a Person that is not an Affiliate of the Borrower pursuant to a transaction permitted by Section 6.06 of the Credit Agreement, such Pledgor shall be released from its obligations under this Agreement without further action. This Agreement shall be construed as a separate agreement with respect to each Pledgor and may be amended, modified, supplemented, waived or released with respect to any Pledgor without the approval of any other Pledgor and without affecting the obligations of any other Pledgor hereunder.