Common use of Benefit of Agreement; Successors and Assigns Clause in Contracts

Benefit of Agreement; Successors and Assigns. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto (as well as of the Lenders from time to time under the Credit Agreement and any Affiliates of Lenders, former Lenders or Affiliates of former Lenders that shall hold Miscellaneous Obligations, all of which Affiliates of Lenders, former Lenders or Affiliates of former Lenders are intended to be third party beneficiaries of this Agreement) and the respective successors and assigns of all the foregoing Persons. All covenants, promises and agreements by or on behalf of any Guarantor or Grantor or the Collateral Agent that are contained in this Agreement shall bind and inure to the benefit of their respective successors and assigns.