Common use of Benefit; Binding Effect Clause in Contracts

Benefit; Binding Effect. This Guaranty shall inure to the benefit of Administrative Agent and each other Secured Party and their respective successors and assigns, and to any interest in any of the Obligations. All of the obligations of Guarantors arising hereunder shall be jointly and severally binding on each of the Persons signing this Guaranty, and their respective successors and assigns (provided, however, that no Guarantor may, without the prior written consent of Administrative Agent in each instance, assign or delegate any of its rights, powers, duties or obligations hereunder, and any attempted assignment or delegation made without Administrative Agent’s prior written consent shall be void ab initio and of no force or effect).

Appears in 12 contracts

Samples: Credit Agreement (LandBridge Co LLC), Credit Agreement (LandBridge Co LLC), Credit Agreement (Sunnova Energy International Inc.)

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Benefit; Binding Effect. This Guaranty shall inure to the benefit of Administrative Agent and Agent, Collateral Agent, each Lender, each other Secured Party Party, and their respective successors and assigns, and to any interest in any of the Guaranteed Obligations. All of the obligations of Guarantors arising hereunder shall be jointly and severally binding on each of the Persons signing this Guaranty, and their respective successors successors, assigns, heirs, executors, administrators and assigns personal representatives (provided, however, that no Guarantor may, without the prior written consent of Administrative Agent in each instance, assign or delegate any of its rights, powers, duties or obligations hereunder, and any attempted assignment or delegation made without Administrative Agent’s prior written consent shall be void ab initio and of no force or effect).

Appears in 4 contracts

Samples: Joinder Agreement (Grizzly Energy, LLC), Joinder Agreement (Grizzly Energy, LLC), Joinder Agreement

Benefit; Binding Effect. This Guaranty shall inure to the benefit of Administrative Agent and each other Secured Party and their respective successors and assigns, and to any interest in any of the Obligations. All of the obligations of Guarantors the Guarantor arising hereunder shall be jointly and severally binding on each of the Persons signing this Guaranty, Guarantor and their its respective successors and assigns (provided, however, that no the Guarantor maymay not, without the prior written consent of Administrative Agent in each instance, assign or delegate any of its rights, powers, duties or obligations hereunder, and any attempted assignment or delegation made without Administrative Agent’s prior written consent shall be void ab initio and of no force or effect).

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Beneficient), Credit Agreement (Beneficient)

Benefit; Binding Effect. This Guaranty Agreement shall inure to the benefit of Administrative Agent Lender and each other Secured Party and their respective successors and assigns, and to any interest in any of the ObligationsIndebtedness. All of the obligations of Guarantors arising hereunder shall be jointly and severally binding on each of the Persons signing this GuarantyGuaranty Agreement, and their respective successors and assigns (provided, however, that no Guarantor may, without the prior written consent of Administrative Agent Lender in each instance, assign or delegate any of its rights, powers, duties or obligations hereunder, and any attempted assignment or delegation made without Administrative AgentXxxxxx’s prior written consent shall be void ab initio and of no force or effect).

Appears in 2 contracts

Samples: Loan Agreement (Harte Hanks Inc), Loan Agreement (Harte Hanks Inc)

Benefit; Binding Effect. This Guaranty shall inure to the benefit of Administrative Agent and each other Secured Party and their respective successors and assigns, and to any interest in any of the Obligations. All of the obligations of Guarantors arising hereunder CREDIT AGREEMENT – Page 124 0000-0000-0000.5 shall be jointly and severally binding on each of the Persons signing this Guaranty, and their respective successors and assigns (provided, however, that no Guarantor may, without the prior written consent of Administrative Agent in each instance, assign or delegate any of its rights, powers, duties or obligations hereunder, and any attempted assignment or delegation made without Administrative Agent’s prior written consent shall be void ab initio and of no force or effect).

Appears in 1 contract

Samples: Credit Agreement (Cryo Cell International Inc)

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Benefit; Binding Effect. This Guaranty shall inure to the benefit of Administrative Agent and each other Secured Guaranteed Party and their respective successors and assigns, and to any interest in any of the Obligations. All of the obligations of Guarantors arising hereunder shall be jointly and severally binding on each of the Persons signing this Guaranty, and their respective successors and assigns (provided, however, that no Guarantor may, without the prior written consent of Administrative Agent Agent, in each instance, assign or delegate any of its rights, powers, duties or obligations hereunder, and any attempted assignment or delegation made without Administrative Agent’s 's prior written consent shall be void ab initio and of no force or effect).

Appears in 1 contract

Samples: Unconditional Guaranty (Carbon Natural Gas Co)

Benefit; Binding Effect. This Guaranty shall inure to the benefit of Administrative Agent and each other Secured Party and their respective successors and assigns, and to any interest in any of the Secured Obligations. All of the obligations of Guarantors arising hereunder shall be jointly and severally binding on each of the Persons signing this Guaranty, and their respective successors successors, assigns, heirs, executors, administrators, and assigns personal representatives (provided, however, that no Guarantor may, without the prior written consent of Administrative Agent in each instance, assign or delegate any of its rights, powers, duties or obligations hereunder, and any attempted assignment or delegation made without Administrative Agent’s prior written consent shall be void ab initio and of no force or effect).

Appears in 1 contract

Samples: Joinder Agreement (Us Energy Corp)

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