Common use of Benefit of Guaranty Clause in Contracts

Benefit of Guaranty. Each Borrower agrees that the provisions of this SECTION 12 are for the benefit of Agent and Lenders and their respective successors, transferees, endorsees and assigns, and nothing herein contained shall impair, as between any other Borrower and Agent or Lenders, the obligations of such other Borrower under the Loan Documents.

Appears in 5 contracts

Samples: Credit Agreement (Omni Energy Services Corp), Credit Agreement (Ddi Corp), Credit Agreement (Ddi Corp)

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Benefit of Guaranty. Each Borrower agrees that the provisions of this SECTION Section 12 are for the benefit of Agent and Lenders and their respective successors, transferees, endorsees and assigns, and nothing herein contained shall impair, as between any other Borrower and Agent or Lenders, the obligations of such other Borrower under the Loan Credit Documents.

Appears in 2 contracts

Samples: Credit Agreement (Imagyn Medical Technologies Inc), Credit Agreement (Imagyn Medical Technologies Inc)

Benefit of Guaranty. Each Borrower agrees that the provisions of this SECTION 12 Section 11.3 are for the benefit of Administrative Agent and Lenders each Lender and their respective successors, transferees, endorsees and assigns, and nothing herein contained shall impair, as between any other Borrower and Administrative Agent or Lendersany Lender, the obligations of such other Borrower under this Agreement and the Loan DocumentsAncillary Agreements.

Appears in 1 contract

Samples: Revolving Credit Agreement (Information Resources Inc)

Benefit of Guaranty. Each Borrower Obligor agrees that the provisions of this SECTION 12 are for the benefit of Agent and Lenders and their respective successors, transferees, endorsees 84 and assigns, and nothing herein contained shall impair, as between any other Borrower Obligor and Agent or Lenders, the obligations of such other Borrower Obligor under the Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Beacon Roofing Supply Inc)

Benefit of Guaranty. Each Borrower agrees that the provisions of this SECTION Section 12 are for the benefit of Administrative Agent, Term Loan B Agent and Lenders and their respective successors, transferees, endorsees and assigns, and nothing herein contained shall impair, as between any other Borrower and Administrative Agent, Term Loan B Agent or Lenders, the obligations of such other Borrower under the Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Jacuzzi Brands Inc)

Benefit of Guaranty. Each Borrower agrees that the provisions of this SECTION 12 are for the benefit of Administrative Agent and Lenders and their respective successors, transferees, endorsees and assigns, and nothing herein contained shall impair, as between any other Borrower and Administrative Agent or Lenders, the obligations of such other Borrower under the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Superior Energy Services Inc)

Benefit of Guaranty. Each Borrower agrees that the provisions of this SECTION 12 11 are for the benefit of Agent Lender and Lenders and their respective its successors, transferees, endorsees and assigns, and nothing herein contained shall impair, as between any other Borrower and Agent or LendersLender, the obligations of such other Borrower under the Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Ballantyne of Omaha Inc)

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Benefit of Guaranty. Each Borrower agrees that the provisions of this SECTION 12 10 are for the benefit of Agent and Lenders and their respective successors, transferees, endorsees and assigns, and nothing herein contained shall impair, as between any other Borrower and Agent or Lenders, the obligations of such other Borrower under the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Aas Capital Corp)

Benefit of Guaranty. Each Borrower agrees that the provisions of this SECTION 12 are for the benefit of Agent and Lenders and their respective successors, transferees, endorsees and assigns, and nothing herein contained shall impair, as between any other Borrower Borrowers and Agent or Lenders, the obligations of such other Borrower Borrowers under the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Layne Christensen Co)

Benefit of Guaranty. Each Borrower agrees that the provisions of this SECTION 12 are for the benefit of Agent Agents and Lenders and their respective successors, transferees, endorsees and assigns, and nothing herein contained shall impair, as between any other Borrower and Agent Agents or Lenders, the obligations of such other Borrower under the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Hi Rise Recycling Systems Inc)

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