Common use of Benefits of Guaranty Clause in Contracts

Benefits of Guaranty. The provisions of this Guaranty are for the benefit of the Administrative Agent, the Lenders and their respective successors, transferees, endorsees and assigns, and nothing herein contained shall impair, as between the Borrowers, the Administrative Agent and the Lenders, the obligations of the Borrowers under the Loan Documents. In the event all or any part of the Guaran teed Obligations are tranxxxxred, endorsed or assigned by the Administrative Agent or any Lender to any Person or Persons, any reference to an "Administrative Agent", or "Lender" herein shall be deemed to refer equally to such Person or Persons.

Appears in 1 contract

Samples: Credit Agreement (Breed Technologies Inc)

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Benefits of Guaranty. The provisions of this Guaranty are for the benefit of the Administrative Agent, Agent and the Tranche A Lenders and their respective successors, transferees, endorsees and assigns, and nothing herein contained shall impair, as between the BorrowersBorrower, the Administrative Agent and the Tranche A Lenders, the obligations of the Borrowers Borrower under the Loan DocumentsOperative Agreements. In the event all or any part of the Guaran teed Guaranteed Obligations are tranxxxxredtransferred, endorsed or assigned by the Administrative Agent or any the Tranche A Lender to any Person or Persons, any reference to an the "Administrative Agent" or the ", or "LenderTranche A Lenders" herein shall be deemed to refer equally to such Person or Persons.

Appears in 1 contract

Samples: Unconditional Guaranty Agreement (Lci International Inc /Va/)

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Benefits of Guaranty. The provisions of this Guaranty are for the benefit of the Administrative Agent, Trustee and the Lenders Holders and their respective permitted successors, transferees, endorsees and assigns, and nothing herein contained shall impair, as between the BorrowersCompany, the Administrative Agent Trustee and the LendersHolders, the obligations of the Borrowers Company under the Loan DocumentsIndenture. In the event all or any part of the Guaran teed Guaranteed Obligations are tranxxxxredtransferred, endorsed or assigned by the Administrative Agent Trustee or any Lender Holder to any Person or PersonsPersons as permitted under the Indenture, any reference to an "Administrative Agent", a “Trustee” or "Lender" “Holder” herein shall be deemed to refer equally to such Person or Persons.

Appears in 1 contract

Samples: Guaranty Agreement (Globalstar, Inc.)

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