Common use of Benefit of Guaranty Clause in Contracts

Benefit of Guaranty. The provisions of this Article VIII are for the benefit of the Lenders, their successors, and their permitted transferees, endorsees and assigns. In the event all or any part of the Obligations are transferred, endorsed or assigned by the Lenders, as the case may be, to any Person or Persons in accordance with the terms of this Agreement, any reference to the “Lenders” herein, as the case may be, shall be deemed to refer equally to such Person or Persons.

Appears in 9 contracts

Samples: Credit Agreement (Willbros Group, Inc.\NEW\), Credit Agreement (Willbros Group, Inc.\NEW\), Credit Agreement (MxEnergy Holdings Inc)

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Benefit of Guaranty. The provisions of this Article VIII are for the benefit of the LendersSecured Parties, their successors, and their permitted transferees, endorsees and assigns. In the event all or any part of the Obligations are transferred, endorsed or assigned by the LendersSecured Parties, as the case may be, to any Person or Persons in accordance with the terms of this Agreement, any reference to the “LendersSecured Parties” herein, as the case may be, shall be deemed to refer equally to such Person or Persons.

Appears in 7 contracts

Samples: Credit Agreement (Quintana Energy Services Inc.), Second Lien Credit Agreement (Quintana Energy Services Inc.), Credit Agreement (Quintana Energy Services Inc.)

Benefit of Guaranty. The provisions of this Article VIII are for the benefit of the Lenders, their successors, and their permitted transferees, endorsees and assigns. In the event all or any part of the Obligations are transferred, endorsed or assigned by the LendersSecured Parties, as the case may be, to any Person or Persons in accordance with the terms of this Agreement, any reference to the “Lenders” herein, as the case may be, shall be deemed to refer equally to such Person or Persons.

Appears in 4 contracts

Samples: Credit Agreement (Willbros Group, Inc.\NEW\), Credit Agreement (Willbros Group, Inc.\NEW\), Credit Agreement (Willbros Group, Inc.\NEW\)

Benefit of Guaranty. The provisions of this Article VIII are for the benefit of the LendersSecured Parties, their successors, and their permitted transferees, endorsees and assigns. In the event all or any part of the Obligations are transferred, endorsed or assigned by the Lenders, as the case may be, to any Person or Persons in accordance with the terms of this Agreement, any reference to the “Lenders” herein, as the case may be, shall be deemed to refer equally to such Person or Persons.

Appears in 3 contracts

Samples: Credit Agreement (Vantage Drilling International), Credit Agreement (Vantage Drilling CO), Credit Agreement (Vantage Drilling CO)

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Benefit of Guaranty. The provisions of this Article VIII are for the benefit of the LendersParticipants, their successors, and their permitted transferees, endorsees and assigns. In the event all or any part of the Obligations are transferred, endorsed or assigned by the LendersParticipants, as the case may be, to any Person or Persons in accordance with the terms of this Agreement, any reference to the “LendersParticipants” herein, as the case may be, shall be deemed to refer equally to such Person or Persons.

Appears in 1 contract

Samples: Credit Agreement (Willbros Group Inc)

Benefit of Guaranty. The provisions of this Article VIII are for the benefit of the LendersSecured Parties, their successors, and their permitted transferees, endorsees and assigns. In the event all or any part of the Obligations are transferred, endorsed or assigned by the Lenders, as the case may be, to any Person or Persons in accordance with the terms of this Agreement, any reference to the “Lenders” herein, as the case may be, shall be deemed to refer equally to such Person or Persons.

Appears in 1 contract

Samples: Credit Agreement (Vantage Drilling CO)

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