Common use of Benefit of Guarantee Clause in Contracts

Benefit of Guarantee. The provisions of this Guarantee are for the benefit of the Guaranteed Parties and their respective successors, transferees, endorsees and assigns, and nothing herein contained shall impair, as between the Loan Parties and the Guaranteed Parties, the obligations of the Loan Parties under the Credit Document. In the event all or any part of the Obligations are transferred, endorsed or assigned by the Guaranteed Parties to any Person or Persons in accordance with the terms of the Credit Agreement, any reference to "Guaranteed Parties" herein shall be deemed to refer equally to such Person or Persons.

Appears in 1 contract

Samples: Credit Agreement (Arrow Electronics Inc)

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Benefit of Guarantee. The provisions of this Guarantee are for the ratable benefit of the Guaranteed Parties and their respective successors, transferees, endorsees and assigns, and nothing herein contained shall impair, as between the Loan Parties Borrower and the Guaranteed Parties, the obligations of the Loan Parties Borrower under the Credit DocumentLoan Documents. In the event all or any part of the Guaranteed Obligations are transferred, endorsed or assigned by the Guaranteed Parties to any Person or Persons in accordance with the terms of the Credit Bridge Loan Agreement, any reference to "Guaranteed Parties" herein shall be deemed to refer equally to such Person or Persons.

Appears in 1 contract

Samples: Bridge Loan Agreement (NTL Inc /De/)

Benefit of Guarantee. The provisions of this Guarantee are for the ratable benefit of the Guaranteed Secured Parties and their respective successors, successors and permitted transferees, endorsees and assigns, and nothing herein contained shall impair, as between among the Loan Parties Borrowers, the Guarantors and the Guaranteed Secured Parties, the obligations of the Loan Parties Borrowers and the Guarantors under the Credit DocumentLoan Documents. In the event all or any part of the Guaranteed Obligations are transferred, endorsed or assigned by the Guaranteed Secured Parties to any Person or Persons in accordance with the terms of the Credit Loan Agreement, any reference to "Guaranteed “Secured Parties" herein shall be deemed to refer equally to such Person or Persons.

Appears in 1 contract

Samples: Subsidiary Guarantee (Enpro Industries, Inc)

Benefit of Guarantee. The provisions of this Guarantee are for the benefit of the Guaranteed Parties and their respective successors, transferees, endorsees and assigns, and nothing herein contained shall impair, as between the Loan Parties and the Guaranteed Parties, the obligations of the Loan Parties under the Credit Document. In the event all or any part of the Obligations are transferred, endorsed or assigned by the Guaranteed Parties to any Person or Persons in accordance with the terms of the Credit Agreement, any reference to "Guaranteed Parties" herein shall be deemed to refer equally to such Person or Persons.

Appears in 1 contract

Samples: Credit Agreement (Arrow Electronics Inc)

Benefit of Guarantee. The provisions of this Guarantee are for the ratable benefit of the Guaranteed Secured Parties and their respective successors, successors and permitted transferees, endorsees and assigns, and nothing herein contained shall impair, as between among the Loan Parties Borrowers, the Guarantor and the Guaranteed Secured Parties, the obligations of the Loan Parties Borrowers and the Guarantor under the Credit DocumentLoan Documents. In the event all or any part of the Guaranteed Obligations are transferred, endorsed or assigned by the Guaranteed Secured Parties to any Person or Persons in accordance with the terms of the Credit Loan Agreement, any reference to "Guaranteed “Secured Parties" herein shall be deemed to refer equally to such Person or Persons.

Appears in 1 contract

Samples: Parent Guarantee (Enpro Industries, Inc)

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Benefit of Guarantee. The provisions of this Guarantee are for the ratable benefit of the Guaranteed Parties and their respective successors, transferees, endorsees and assigns, and nothing herein contained shall impair, as between the Loan Parties Company and the Guaranteed Parties, the obligations of the Loan Parties Company under the Credit DocumentIndenture, the Notes or the Registration Rights Agreement. In the event all or any part of the Guaranteed Obligations are transferred, endorsed or assigned by the Guaranteed Parties to any Person or Persons in accordance with the terms of the Credit AgreementIndenture, any reference to "Guaranteed Parties" herein shall be deemed to refer equally to such Person or Persons.

Appears in 1 contract

Samples: Bridge Loan Agreement (NTL Inc /De/)

Benefit of Guarantee. The provisions of this Guarantee are for the ratable benefit of the Guaranteed Parties and their respective successors, successors and permitted transferees, endorsees and assigns, and nothing herein contained shall impair, as between among the Loan Parties Borrowers, the Guarantor and the Guaranteed Parties, the obligations of the Loan Parties Borrowers and the Guarantor under the Credit DocumentLoan Documents. In the event all or any part of the Guaranteed Obligations are transferred, endorsed or assigned by the Guaranteed Parties to any Person or Persons in accordance with the terms of the Credit Agreement, any reference to "Guaranteed Parties" herein shall be deemed to refer equally to such Person or Persons.

Appears in 1 contract

Samples: Parent Guarantee (Enpro Industries Inc)

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