Common use of Continuing Guaranty; Assignments Clause in Contracts

Continuing Guaranty; Assignments. This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the later of the payment in full in cash of the Guaranteed Obligations and all other amounts payable under this Guaranty and the Termination Date, (b) be binding upon the Guarantor, its successors and assigns and (c) inure to the benefit of and be enforceable by the Agent and the Lenders and their successors, transferees and assigns. Without limiting the generality of clause (c) of the immediately preceding sentence, any Lender may assign or otherwise transfer all or any portion of its rights and obligations under this Agreement (including, without limitation, all or any portion of its Commitments, 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 such Lender herein or otherwise, in each case as and to the extent provided in Section 9.

Appears in 6 contracts

Sources: Five Year Credit Agreement (Omnicom Group Inc), 364 Day Credit Agreement (Omnicom Group Inc), Five Year Credit Agreement (Omnicom Group Inc)

Continuing Guaranty; Assignments. This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the later latest of (i) the payment in full in cash of the Guaranteed Obligations and all other amounts payable under this Guaranty and (ii) the Termination Expiration Date, (b) be binding upon the Guarantoreach Account Party, its successors and assigns and (c) inure to the benefit of and be enforceable by the Agent and the Lenders Banks and their successors, transferees and assigns. Without limiting the generality of clause (c) of the immediately preceding sentence, any Lender Bank may assign or otherwise transfer all or any portion of its rights and obligations under this Agreement (including, without limitation, all or any portion of its Commitments, Letter of Credit Participating Interest Commitment and 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 such Lender Bank herein or otherwise, in each case as and to the extent provided in Section 99.07.

Appears in 6 contracts

Sources: Reimbursement Agreement (Ace LTD), Reimbursement Agreement (Ace LTD), Reimbursement Agreement (Ace LTD)

Continuing Guaranty; Assignments. This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the later of the cash payment in full in cash of the Guaranteed Obligations and all other amounts payable under this Guaranty and the Termination Date, (b) be binding upon the each Guarantor, its successors and assigns and (c) inure to the benefit of and be enforceable by the Lenders, the Agent and the Lenders and their successors, transferees and assigns. Without limiting the generality of the foregoing clause (c) of the immediately preceding sentence), any Lender may assign or otherwise transfer all or any portion of its rights and obligations under this Agreement hereunder (including, without limitation, all or any portion of its CommitmentsCommitment, 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 such Lender herein or otherwise, in each case as and to the extent provided in Section 99.07.

Appears in 4 contracts

Sources: 364 Day Credit Agreement (Telecomunicaciones De Puerto Rico Inc), 364 Day Credit Agreement (Telecomunicaciones De Puerto Rico Inc), Credit Agreement (Puerto Rico Telephone Co Inc)

Continuing Guaranty; Assignments. This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the later latest of (i) the payment in full in cash of the Guaranteed Obligations and all other amounts payable under this Guaranty and (ii) the Termination Date, (b) be binding upon the each Guarantor, its successors and assigns and (c) inure to the benefit of and be enforceable by the Agent and the Lenders and their successors, transferees and assigns. Without limiting the generality of clause (c) of the immediately preceding sentence, any Lender may assign or otherwise transfer all or any portion of its rights and obligations under this Agreement (including, without limitation, all or any portion of its Commitments, 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 such Lender herein or otherwise, in each case as and to the extent provided in Section 9Sections 9.06 and 9.07.

Appears in 2 contracts

Sources: Credit Agreement (Ace LTD), Credit Agreement (Ace LTD)

Continuing Guaranty; Assignments. This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the later latest of (i) the payment in full in cash of the Guaranteed Obligations and all other amounts payable under this Guaranty and (ii) the Termination Date, (b) be binding upon the each Guarantor, its successors and assigns and (c) inure to the benefit of and be enforceable by the Agent and the Lenders and their successors, transferees and assigns. Without limiting the generality of clause (c) of the immediately preceding sentence, any Lender may assign or otherwise transfer all or any portion of its rights and obligations under this Agreement (including, without limitation, all or any portion of its Commitments, 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 such Lender herein or otherwise, in each case as and to the extent provided in Section 99.07.

Appears in 2 contracts

Sources: Credit Agreement (Ace LTD), 364 Day Credit Agreement (Ace LTD)

Continuing Guaranty; Assignments. This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the later of (i) the payment in full in cash of the Guaranteed all Obligations and all other amounts payable under this Guaranty Agreement and (ii) the Termination LC Expiration Date, (b) be binding upon the GuarantorBorrower, its successors and assigns and (c) inure to the benefit of and be enforceable by the Agent Lenders and the Lenders Administrative Agent and their successors, transferees and assigns. Without limiting the generality of clause (c) of the immediately preceding sentence, any Lender may assign or otherwise transfer all or any portion of its rights and obligations under this Agreement (including, without limitation, all or any portion of its Commitments, 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 such Lender herein or otherwise, in each case as and to the extent provided in Section 911.6.

Appears in 2 contracts

Sources: Credit Agreement (Renaissancere Holdings LTD), Credit Agreement (Renaissancere Holdings LTD)

Continuing Guaranty; Assignments. This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the later latest of (i) the payment in full in cash of the Guaranteed Obligations and all other amounts payable under this Guaranty and (ii) the Termination Date, (b) be binding upon the Guarantoreach Borrower, its successors and assigns and (c) inure to the benefit of and be enforceable by the Agent and the Lenders and their successors, transferees and assigns. Without limiting the generality of clause (c) of the immediately preceding sentence, any Lender may assign or otherwise transfer all or any portion of its rights and obligations under this Agreement (including, without limitation, all or any portion of its Commitments, 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 such Lender herein or otherwise, in each case as and to the extent provided in Section 9.

Appears in 2 contracts

Sources: Credit Agreement (Ace LTD), Credit Agreement (Ace LTD)

Continuing Guaranty; Assignments. This Guaranty is a -------------------------------- continuing guaranty and shall (a) remain in full force and effect until the later latest of (i) the payment in full in cash of the Guaranteed Obligations and all other amounts payable under this Guaranty and (ii) the Termination final Expiration Date, (b) be binding upon the Guarantoreach Account Party, its successors and assigns and (c) inure to the benefit of and be enforceable by the Agent and the Lenders Banks and their successors, transferees and assigns. Without limiting the generality of clause (c) of the immediately preceding sentence, any Lender Bank may assign or otherwise transfer all or any portion of its rights and obligations under this Agreement (including, without limitation, all or any portion of its Commitments, Letter of Credit Participating Interest Commitment and 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 such Lender Bank herein or otherwise, in each case as and to the extent provided in Section 99.07.

Appears in 1 contract

Sources: Reimbursement Agreement (Ace LTD)

Continuing Guaranty; Assignments. This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the later latest of (i) the payment in full in cash of the Guaranteed Obligations and all other amounts payable under this Guaranty and (ii) the Termination final Expiration Date, (b) be binding upon the Guarantoreach Account Party, its successors and assigns and (c) inure to the benefit of and be enforceable by the Agent and the Lenders Banks and their successors, transferees and assigns. Without limiting the generality of clause (c) of the immediately preceding sentence, any Lender Bank may assign or otherwise transfer all or any portion of its rights and obligations under this Agreement (including, without limitation, all or any portion of its Commitments, Letter of Credit Participating Interest Commitment and 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 such Lender Bank herein or otherwise, in each case as and to the extent provided in Section 99.07. No Account Party shall have the right to assign its rights hereunder or any interest herein without the prior written consent of the Required Banks.

Appears in 1 contract

Sources: Reimbursement Agreement (Ace LTD)

Continuing Guaranty; Assignments. This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the later latest of (i) the payment in full in cash of the Guaranteed Obligations and all other amounts payable under this Guaranty and (ii) the Termination final Expiration Date, (b) be binding upon the Guarantoreach Account Party, its successors and assigns and (c) inure to the benefit of and be enforceable by the Agent and the Lenders Banks and their successors, transferees and assigns. Without limiting the generality of clause (c) of the immediately preceding sentence, any Lender Bank may assign or otherwise transfer all or any portion of its rights and obligations under this Agreement (including, without limitation, all or any portion of its Commitments, Letter of Credit Participating Interest Commitment and 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 such Lender Bank herein or otherwise, in each case as and to the extent provided in Section 99.07.

Appears in 1 contract

Sources: Reimbursement Agreement (Ace LTD)

Continuing Guaranty; Assignments. This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the later latest of (i) the payment in full in cash of the Guaranteed Obligations and all other amounts payable under this Guaranty and (ii) the Termination Expiration Date, (b) be binding upon the Guarantoreach Account Party, its successors and assigns and (c) inure to the benefit of and be enforceable by the Agent and the Lenders Banks and their successors, transferees and assigns. Without limiting the generality of clause (c) of the immediately preceding sentence, any Lender Bank may assign or otherwise transfer all or any portion of its rights and obligations under this Agreement (including, without limitation, including all or any portion of its Commitments, Letter of Credit Participating Interest Commitment and 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 such Lender Bank herein or otherwise, in each case as and to the extent provided in Section 99.07.

Appears in 1 contract

Sources: Reimbursement Agreement (Ace LTD)

Continuing Guaranty; Assignments. This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the later of the cash payment in full in cash of the Guaranteed Obligations and all other amounts payable under this Guaranty and the Termination Date, (b) be binding upon the GuarantorCompany, its successors and assigns and (c) inure to the benefit of and be enforceable by the Lenders, the Administrative Agent and the Lenders and their successors, transferees and assigns. Without limiting the generality of the foregoing clause (c) of the immediately preceding sentence), any Lender may assign or otherwise transfer all or any portion of its rights and obligations under this Agreement hereunder (including, without limitation, all or any portion of its Commitments, 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 such Lender herein or otherwise, in each case as and to the extent provided in Section 99.07.

Appears in 1 contract

Sources: Credit Agreement (WHX Corp)

Continuing Guaranty; Assignments. This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the later latest of (i) the payment in full in cash of the Guaranteed Obligations and all other amounts payable under this Guaranty and (ii) the Termination Date, (b) be binding upon the each Guarantor, its successors and assigns and (c) inure to the benefit of and be enforceable by the Agent and the Lenders and their successors, transferees and assigns. Without limiting the generality of clause (c) of the immediately preceding sentence, any Lender may assign or otherwise transfer all or any portion of its rights and obligations under this Agreement (including, without limitation, including all or any portion of its Commitments, 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 such Lender herein or otherwise, in each case as and to the extent provided in Section 9Sections 9.06 and 9.07.

Appears in 1 contract

Sources: Credit Agreement (Ace LTD)

Continuing Guaranty; Assignments. This Guaranty The guaranty set forth in this Section 8 is a continuing guaranty and shall (a) remain in full force and effect until the later latest of (i) the payment in full in cash of the Guaranteed Obligations and all other amounts payable under this Guaranty hereunder and (ii) the Termination Date, termination or expiration of the Commitment; (b) be binding upon the each Guarantor, its successors and assigns and (c) inure to the benefit of and be enforceable by the Agent Bank and the Lenders and their its successors, transferees and assigns. Without limiting the generality of clause (c) of the immediately preceding sentence, any Lender may the Bank may, subject to Section 9.8, assign or otherwise transfer all or any portion of its rights and obligations under this Agreement (including, without limitation, including all or any portion of its Commitments, the Advances owing to it Commitment and the Note or Notes held by itLoans) to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Lender the Bank herein or otherwise, in each case as and to the extent provided in Section 9.

Appears in 1 contract

Sources: Credit Agreement (Ace LTD)

Continuing Guaranty; Assignments. This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the later of (i) the payment in full in cash of the Guaranteed Obligations and all other amounts payable under this Guaranty and (ii) the Termination Date, (b) be binding upon the GuarantorCompany, its successors and assigns and (c) inure to the benefit of and be enforceable by the Agent and the Lenders and their successors, transferees and assigns. Without limiting the generality of clause (c) of the immediately preceding sentence, the Agent or any Lender may assign or otherwise transfer all or any portion of its rights and obligations under this Agreement (including, without limitation, all or any portion of its Commitments, 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 the Agent or such Lender herein or otherwise, in each case as and to the extent provided in Section 99.02. The Guarantor shall not have the right to assign its rights hereunder or any interest herein without the prior written consent of the Agent and the Lenders.

Appears in 1 contract

Sources: Credit Agreement (Olin Corp)

Continuing Guaranty; Assignments. This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the later latest of (i) the payment in full in cash of the Guaranteed Obligations and all other amounts payable under this Guaranty and (ii) the Termination 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 Agent and the Lenders and their successors, transferees and assigns. Without limiting the generality of clause (c) of the immediately preceding sentence, any Lender may assign or otherwise transfer all or any portion of its rights and obligations under this Agreement (including, without limitation, including all or any portion of its CommitmentsCommitment, the Advances owing to it and the any 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 such Lender herein or otherwise, in each case as and to the extent provided in Section 99.06 and Section 9.07.

Appears in 1 contract

Sources: Term Loan Agreement (Ace LTD)