Common use of Benefit and Binding Effect Clause in Contracts

Benefit and Binding Effect. This Guaranty shall be binding upon each Guarantor and its successors and assigns and shall inure to the benefit of the Secured Creditors and their successors and assigns.

Appears in 28 contracts

Samples: Abl Credit Agreement (Tesla, Inc.), Credit Agreement (Walter Investment Management Corp), Short Term Credit Agreement (CURO Group Holdings Corp.)

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Benefit and Binding Effect. This Guaranty shall be binding upon each Guarantor and its successors and assigns and shall inure to the benefit of the Secured Creditors Parties and their successors and assigns.

Appears in 4 contracts

Samples: Incremental Amendment Agreement (Ciena Corp), u.s. Guaranty (Ciena Corp), Abl Credit Agreement

Benefit and Binding Effect. This The terms of this Guaranty shall be binding upon each Guarantor and its successors and assigns the Guarantor, and shall inure to the benefit of the Secured Creditors Guarantor, each Guaranteed Beneficiary, and their respective successors and assignspermitted assigns (to the extent permitted hereunder and under the Loan Documents).

Appears in 3 contracts

Samples: Guaranty (Atlas Air Inc), Guaranty (Atlas Air Worldwide Holdings Inc), Guaranty (Atlas Air Worldwide Holdings Inc)

Benefit and Binding Effect. This Guaranty shall be binding upon each Guarantor and its successors and assigns and shall inure to the benefit of the Secured Guaranteed Creditors and their successors and permitted assigns.

Appears in 3 contracts

Samples: Credit Agreement (Owens Corning), Credit Agreement (Owens Corning), Credit Agreement (Owens Corning)

Benefit and Binding Effect. This The terms of this Guaranty shall be binding upon each Guarantor and its successors and assigns Guarantor, and shall inure to the benefit of the Secured Creditors each Guarantor, each Guaranteed Beneficiary, and their respective successors and assignspermitted assigns (to the extent permitted hereunder and under the Loan Documents).

Appears in 2 contracts

Samples: Subsidiaries Guaranty (Atlas Air Worldwide Holdings Inc), Subsidiaries Guaranty (Atlas Air Worldwide Holdings Inc)

Benefit and Binding Effect. This Guaranty shall be binding upon each the Guarantor and its successors and assigns and shall inure to the benefit of the Secured Creditors Beneficiary and their its successors and assigns.

Appears in 2 contracts

Samples: Guaranty (Dish DBS Corp), Guaranty of Certain Obligations (Dish DBS Corp)

Benefit and Binding Effect. This Guaranty shall be binding upon each Guarantor and its successors and assigns and shall inure to the benefit of the Secured Bank Creditors and their successors and assignspermitted assigns and, so long as the Collateral and Guarantee Release Date has not occurred, the Other Creditors.

Appears in 2 contracts

Samples: Guaranty Agreement (CF Industries Holdings, Inc.), Revolving Credit Agreement (CF Industries Holdings, Inc.)

Benefit and Binding Effect. This Guaranty shall be binding upon each Guarantor and its successors and assigns and shall inure to the benefit of the Secured Creditors and their successors and assignsassigns to the extent permitted under the Credit Agreement or the respective Secured Interest Rate Agreement.

Appears in 2 contracts

Samples: Subsidiary Guaranty (Fairpoint Communications Inc), Subsidiary Guaranty (Fairpoint Communications Inc)

Benefit and Binding Effect. This Guaranty shall be binding upon each Guarantor and its successors and assigns and shall inure to the benefit of the Secured Bank Creditors and their successors and permitted assigns.

Appears in 1 contract

Samples: Revolving Credit Agreement (CF Industries Holdings, Inc.)

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Benefit and Binding Effect. This Guaranty shall be binding upon each Guarantor and its successors and assigns and shall inure to the benefit of the Secured Creditors and their successors and assignsassigns to the extent permitted under the Credit Agreement.

Appears in 1 contract

Samples: Debtor in Possession Subsidiary Guaranty (Fairpoint Communications Inc)

Benefit and Binding Effect. This Guaranty shall be binding upon each Guarantor and its successors and assigns and shall inure to the benefit of the Secured Creditors and their permitted successors and assigns.

Appears in 1 contract

Samples: Credit Agreement (Capella Healthcare, Inc.)

Benefit and Binding Effect. This Guaranty shall be binding upon each Guarantor and its successors and assigns and shall inure to the benefit of the Secured Creditors Collateral Trustee (for the benefit of the Eurobond Creditors) and their its successors and assigns.

Appears in 1 contract

Samples: Eurobond Guaranty (Intelsat LTD)

Benefit and Binding Effect. This Guaranty shall be binding upon each Guarantor and its successors and assigns and shall inure to the benefit of the Secured Lender Creditors and their permitted successors and assigns.

Appears in 1 contract

Samples: Credit Agreement (Urban One, Inc.)

Benefit and Binding Effect. This Guaranty shall be binding upon each Guarantor and its successors and assigns and shall inure to the benefit of the Secured Creditors and their successors and assigns.

Appears in 1 contract

Samples: Guaranty (FelCor Lodging LP)

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