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

Continuing Guaranty; Assignments under the Credit Agreements. This Agreement is a continuing guaranty and shall (a) remain in full force and effect until (i) the payment in full in cash of the Guaranteed Obligations and all other amounts payable under this Agreement and (ii) either (x) the termination of the Commitments and the payment in full in cash of all Advances and interest thereon or (y) the passing of December 31, 2002 and (b) be binding upon and inure to the benefit of SEI and the Lenders and their respective successors and assigns. Without limiting the generality of clause (b) of the immediately preceding sentence, any Lender may assign or otherwise transfer all or any portion of its rights and obligations under a Credit Agreement in accordance therewith (including, without limitation, all or any portion of its Commitments thereunder, the Advances thereunder owing to it and the Note or Notes thereunder held by it) to another Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Lender herein or otherwise, in each case as and to the extent provided in Section 8.07 of such Credit Agreement. SEI shall not have the right to assign its rights hereunder or any interest herein in respect of a Credit Agreement without the prior written consent of the Required Lenders thereunder.