Common use of Continuing Agreement, Transfer of Secured Obligations Clause in Contracts

Continuing Agreement, Transfer of Secured Obligations. This Agreement is a continuing agreement and shall (i) remain in full force and effect until the Discharge in Full of Credit Agreement Secured Obligations shall have occurred and the Indenture Secured Obligations shall have been paid in full, (ii) be binding upon the Parties and their successors and assigns, and (iii) inure to the benefit of and be enforceable by the Parties and their respective successors, transferees and assigns. Without limiting the generality of the foregoing clause (iii), the Senior Agent or any Senior Lender, or the Collateral Agent, the Trustee, or any Noteholder may assign or otherwise transfer all or any portion of the Credit Agreement Secured Obligations or the Indenture Secured Obligations, as applicable, to any other Person (other than Parent, any Borrower, any Guarantor or any Affiliate of Parent, any Borrower or any Guarantor), and such other Person shall thereupon become vested with all the rights and obligations in respect thereof granted to the Senior Agent or any Senior Lender, or the Collateral Agent, the Trustee, or any Noteholder, as the case may be, herein or otherwise.

Appears in 1 contract

Samples: Intercreditor and Lien Subordination Agreement (Altra Holdings, Inc.)

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Continuing Agreement, Transfer of Secured Obligations. This Agreement is a continuing agreement and shall (i) remain in full force and effect until the Discharge in Full of Credit the Loan Agreement Secured Obligations shall have occurred and the Indenture Secured Obligations shall have been paid in full, (ii) be binding upon the Parties and their successors and assigns, and (iii) inure to the benefit of and be enforceable by the Parties and their respective successors, transferees and assigns. Without limiting the generality of the foregoing clause (iii), the Senior Agent or any Senior Lender, Lender or the Collateral Agent, the Trustee, or any Noteholder may assign or otherwise transfer all or any portion of the Credit Loan Agreement Secured Obligations or the Indenture Secured Obligations, as applicable, to any other Person (other than Parent, any Borrower, any Guarantor Credit Party or any Affiliate of Parent, Parent and any Borrower Subsidiary of Parent or any GuarantorCredit Party), and such other Person shall thereupon become vested with all the rights and obligations in respect thereof granted to the Senior Agent or any Senior Lender, Lender or the Collateral Agent, the Trustee, or any Noteholder, as the case may be, herein or otherwise.

Appears in 1 contract

Samples: Subordination Agreement (Phibro Animal Health Corp)

Continuing Agreement, Transfer of Secured Obligations. This Agreement is a continuing agreement and shall (i) remain in full force and effect until the Discharge in Full of the Credit Agreement Secured Obligations shall have occurred and the Indenture Secured Obligations shall have been paid in full, (ii) be binding upon the Parties and their successors and assigns, and (iii) inure to the benefit of and be enforceable by the Parties and their respective successors, transferees and assigns. Without limiting the generality of the foregoing clause (iii), the Senior Agent or any Senior Lender, or the Collateral Agent, the Trustee, or any Noteholder may assign or otherwise transfer all or any portion of the Credit Agreement Secured Obligations or the Indenture Secured Obligations, as applicable, to any other Person (other than Parent, any Borrower, any Guarantor or any Affiliate of Parent, any Borrower or any Guarantor), and such other Person shall thereupon become vested with all the rights and obligations in respect thereof granted to the Senior Agent or any Senior Lender, or the Collateral Agent, the Trustee, or any Noteholder, as the case may be, herein or otherwise.

Appears in 1 contract

Samples: Intercreditor and Lien Subordination Agreement (Boston Gear LLC)

Continuing Agreement, Transfer of Secured Obligations. This Agreement is a continuing agreement and shall (i) remain in full force and effect until the Discharge in Full of Credit the Loan Agreement Secured Obligations shall have occurred and the Indenture Secured Obligations shall have been paid in full, (ii) be binding upon the Parties and their successors and assigns, and (iii) inure to the benefit of and be enforceable by the Parties and their respective successors, transferees and assigns. Without limiting the generality of the foregoing clause (iii), the Senior Agent or any Senior Lender, Lender or the Collateral Agent, the Trustee, or any Noteholder may assign or otherwise transfer all or any portion of the Credit Loan Agreement Secured Obligations or the Indenture Secured Obligations, as applicable, to any other Person (other than Parent, any Borrower, any Guarantor or any Affiliate of Parent, Borrower and any Subsidiary of Borrower or any Guarantor), and such other Person shall thereupon become vested with all the rights and obligations in respect thereof granted to the Senior Agent or any Senior Lender, Lender or the Collateral Agent, the Trustee, or any Noteholder, as the case may be, herein or otherwise.

Appears in 1 contract

Samples: Subordination Agreement (Mortons Restaurant Group Inc)

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Continuing Agreement, Transfer of Secured Obligations. This Agreement is a continuing agreement and shall (i) remain in full force and effect until the Discharge in Full of Credit the Loan Agreement Secured Obligations shall have occurred and the Indenture Secured Obligations shall have been paid in full, (ii) be binding upon the Parties and their successors and assigns, and (iii) inure to the benefit of and be enforceable by the Parties and their respective successors, transferees and assigns. Without limiting the generality of the foregoing clause (iii), the Senior Agent or Agent, any Senior Lender, or the Collateral Agent, the Trustee, or any Noteholder may assign or otherwise transfer all or any portion of the Credit Loan Agreement Secured Obligations or the Indenture Secured Obligations, as applicable, to any other Person (other than Parent, any Borrower, any Guarantor Credit Party or any Affiliate of Parentof, and any Subsidiary of, any Borrower or any Guarantor)Credit Party) in the manner contemplated in the Lender Loan Documents and the Noteholder Documents, and such other Person shall thereupon become vested with all the rights and obligations in respect thereof granted to the Senior Agent or Agent, any Senior Lender, or the Collateral Agent, the Trustee, or any Noteholder, as the case may be, herein or otherwise.

Appears in 1 contract

Samples: Intercreditor and Lien Subordination Agreement (GNLV Corp)

Continuing Agreement, Transfer of Secured Obligations. This Agreement is a continuing agreement and shall (i) remain in full force and effect until the Discharge in Full of Credit the Loan Agreement Secured Obligations shall have occurred and the Indenture Secured Obligations shall have been paid in full, (ii) be binding upon the Parties and their successors and assigns, and (iii) inure to the benefit of and be enforceable by the Parties and their respective successors, transferees and assigns. Without limiting the generality of the foregoing clause (iii), subject to the Senior Agent or any Senior LenderLender Loan Documents and the Indenture Loan Documents, the Lender or the Collateral Agent, the Trustee, or any Noteholder may assign or otherwise transfer all or any portion of the Credit Loan Agreement Secured Obligations or the Indenture Secured Obligations, as applicable, to any other Person (other than Parent, any Borrower, any Guarantor or any Affiliate of Parent, Borrower and any Subsidiary of Borrower or any Guarantor), and such other Person shall thereupon become vested with all the rights and obligations in respect thereof granted to the Senior Agent or any Senior Lender, Lender or the Collateral Agent, the Trustee, or any Noteholder, as the case may be, herein or otherwise.

Appears in 1 contract

Samples: Intercreditor Agreement (Empire Resorts Inc)

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