Transfers by Beneficiaries. Each Beneficiary may, from time to time, whether before or after any discontinuance of this Guaranty, at its sole discretion and without notice to Guarantors, assign or transfer any or all of its portion of the Liabilities or any interest therein in accordance with the terms and conditions of the Operative Documents; and, notwithstanding any such assignment or transfer or any subsequent assignment or transfer thereof, such Liabilities shall be and remain Liabilities for the purposes of this Guaranty, and each and every immediate and successive permitted assignee or transferee of any of the Liabilities or of any interest therein shall, to the extent of such assignee’s or transferee’s interest in the Liabilities, be entitled to the benefits of this Guaranty to the same extent as if such assignee or transferee were such Beneficiary.
Transfers by Beneficiaries. Each Beneficiary may, from time to time, whether before or after any discontinuance of this Guarantee, at its sole discretion and without notice to or consent of Guarantor, assign or transfer any or all of the Liabilities or any interest therein, subject to Article XII of the Participation Agreement; and, notwithstanding any such assignment or transfer or any subsequent assignment or transfer thereof, such Liabilities shall be and remain Liabilities for the purposes of this Guarantee, and each and every immediate and successive permitted assignee or permitted transferee of any of the Liabilities or of any interest therein shall, to the extent of such assignee's or transferee's interest in the Liabilities, be entitled to the benefits of this Guarantee to the same extent as if such assignee or transferee were such Beneficiary.
Transfers by Beneficiaries. Subject to the restrictions on transfer set forth in the Participation Agreement, each Beneficiary may, from time to time, whether before or after any discontinuance of this Lessee Guarantee, at its sole discretion and without notice to or consent of Lessee, assign or transfer any or all of its portion of the Borrower Liabilities or any interest therein; and, notwithstanding any such assignment or transfer or any subsequent assignment or transfer thereof, such Borrower Liabilities shall be and remain Borrower Liabilities for the purposes of this Lessee Guarantee, and each and every immediate and successive assignee or transferee of any of the Borrower Liabilities or of any interest therein shall, to the extent of such assignee's or transferee's interest in the Borrower Liabilities, be entitled to the benefits of this Lessee Guarantee to the same extent as if such assignee or transferee were such Beneficiary.
Transfers by Beneficiaries. A Beneficiary may assign any of its rights or novate any of its rights and obligations under any of the Transaction Documents to any person and in any manner permitted under and in accordance with the Transaction Documents.
