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.), First Lien Security Agreement (Walter Investment Management Corp), Security Agreement (CURO Group Holdings Corp.)

AutoNDA by SimpleDocs

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: Security Agreement (Ciena Corp), Ciena Corp, Abl Credit Agreement

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 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: Lease Agreement (Atlas Air Inc), Lease Agreement (Atlas Air Worldwide Holdings Inc), 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 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 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: Dish DBS Corp, Dish DBS Corp

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: Lease Agreement (Atlas Air Worldwide Holdings Inc), Lease Agreement (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 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 Collateral Trustee (for the benefit of the Eurobond Creditors) and their its successors and assigns.

Appears in 1 contract

Samples: Intelsat LTD

AutoNDA by SimpleDocs

Benefit and Binding Effect. This Guaranty shall be binding upon each Guarantor Guarantor, and its their respective successors and assigns assigns, and shall inure to the benefit of the Secured Creditors and their successors be enforceable by Lender and its respective successors, transferees and assigns. Without limiting the generality of the foregoing, Lender may assign or otherwise transfer the Note and Loan Documents held by it or any interest therein held by it to any other person, and such other person shall thereupon become vested with all the rights in respect thereof granted to Lender in this Guaranty or otherwise.

Appears in 1 contract

Samples: Guaranty Agreement (Decorize 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: Intercreditor 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 and their successors and assigns.

Appears in 1 contract

Samples: FelCor Lodging LP

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: Guaranty 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.

Appears in 1 contract

Samples: Fairpoint Communications Inc

Time is Money Join Law Insider Premium to draft better contracts faster.