Common use of Continuing Guaranty; Assignments under the Credit Agreement Clause in Contracts

Continuing Guaranty; Assignments under the Credit Agreement. This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the payment in full in cash of the Guaranteed Obligations and all other amounts payable under this Guaranty, be binding upon the Guarantor, its successors and assigns and (c) inure to the benefit of and be enforceable by the Lender and its successors, transferees and assigns. Without limiting the generality of clause (c) of the immediately preceding sentence, Lender may assign or otherwise transfer all or any portion of its rights and obligations under the Note to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to Lender herein or otherwise. No Guarantor shall have the right to assign its rights hereunder or any interest herein without the prior written consent of the Lender.

Appears in 2 contracts

Samples: Verity Corp., Verity Corp.

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Continuing Guaranty; Assignments under the Credit Agreement. This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the payment Payment in full in cash of the Guaranteed Obligations and all other amounts payable under this GuarantyFull has occurred, (b) be binding upon the Guarantor, its successors and assigns and (c) inure to the benefit of and be enforceable by the Lender Secured Parties and its their successors, transferees and assigns. Without limiting the generality of clause (c) of the immediately preceding sentence, Lender any Secured Party may assign or otherwise transfer all or any portion of its rights and obligations under the Note Credit Agreement to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to Lender such Secured Party herein or otherwise, in each case as and to the extent provided in Section 12.2 (or, in the case of the Agent, Article XIII) of the Credit Agreement. No Guarantor shall have the right to assign its rights hereunder or any interest herein without the prior written consent of the LenderSecured Parties.

Appears in 1 contract

Samples: Guarantee Agreement (United Rentals Inc /De)

Continuing Guaranty; Assignments under the Credit Agreement. This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the later of (i) the indefeasible and irrevocable payment in full in cash of the Guaranteed Obligations and all other amounts payable under this GuarantyGuaranty and (ii) the Final Maturity Date, (b) be binding upon the each Guarantor, its successors and assigns and (c) inure to the benefit of and be enforceable by the Lender Agent, the Collateral Agent and its the other Secured Parties and their successors, transferees and assigns. Without limiting the generality of the foregoing clause (c) of the immediately preceding sentence), Lender any Secured Party may assign or otherwise transfer all or any portion of its rights and obligations under the Credit Agreement (including, without limitation, all or any portion of its Commitment, the Advances owing to it and the Note or Notes held by it) to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to Lender such Secured Party herein or otherwise. No Guarantor shall have , in each case, subject to the right conditions as and to assign its rights hereunder or any interest herein without the prior written consent extent provided in Section 8.07 of the LenderCredit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Massic Tool Mold & Die Inc)

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Continuing Guaranty; Assignments under the Credit Agreement. This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the later of (i) the indefeasible and irrevocable payment in full in cash of the Guaranteed Obligations and all other amounts payable under this GuarantyGuaranty and (ii) the Final Maturity Date, (b) be binding upon the Guarantor, its successors and assigns and (c) inure to the benefit of and be enforceable by the Lender Agent, the Collateral Agent and its the other Secured Parties and their successors, transferees and assigns. Without limiting the generality of the foregoing clause (c) of the immediately preceding sentence), Lender any Secured Party may assign or otherwise transfer all or any portion of its rights and obligations under the Credit Agreement (including, without limitation, all or any portion of its Commitment, the Advances owing to it and the Note or Notes held by it) to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to Lender such Secured Party herein or otherwise. No Guarantor shall have , in each case, subject to the right conditions as and to assign its rights hereunder or any interest herein without the prior written consent extent provided in Section 8.07 of the LenderCredit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Massic Tool Mold & Die Inc)

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