Common use of Binding Agreement; Assignments Clause in Contracts

Binding Agreement; Assignments. Whenever in this Agreement any of the parties hereto is referred to, such reference shall be deemed to include the successors and assigns of such party, and all covenants, promises and agreements by or on behalf of the parties that are contained in this Agreement shall bind and inure to the benefit of their respective successors and assigns. Neither the Borrower nor any Subsidiary Guarantor may assign or transfer any of its rights or obligations hereunder (and any such attempted assignment or transfer shall be void) without the prior written consent of the Required Lenders. Notwithstanding the foregoing, at the time any Subsidiary Guarantor is released from its obligations under the Senior Subsidiary Guarantee Agreement in accordance with such Senior Subsidiary Guarantee Agreement and the Senior Credit Agreement, such Subsidiary Guarantor will automatically cease to have any rights or obligations under this Agreement.

Appears in 2 contracts

Samples: Subrogation and Contribution Agreement, Subrogation and Contribution Agreement (Rite Aid Corp)

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Binding Agreement; Assignments. Whenever in this Agreement any of the parties hereto is referred to, such reference shall be deemed to include the successors and assigns of such party, and all covenants, promises and agreements by or on behalf of the parties that are contained in this Agreement shall bind and inure to the benefit of their respective successors and assigns. Neither the Borrower nor any Subsidiary Guarantor may assign or transfer any of its rights or obligations hereunder (and any such attempted assignment or transfer shall be void) without the prior written consent of the Required LendersSecond Priority Instructing Group. Notwithstanding the foregoing, at the time any Subsidiary Guarantor is released from its obligations under the Senior Second Priority Subsidiary Guarantee Agreement in accordance with such Senior Second Priority Subsidiary Guarantee Agreement and the Senior Credit AgreementSecond Priority Debt Documents, such Subsidiary Guarantor automatically will automatically cease to have any rights or obligations under this Agreement.

Appears in 2 contracts

Samples: Subrogation and Contribution Agreement, Subrogation and Contribution Agreement (Rite Aid Corp)

Binding Agreement; Assignments. Whenever in this Agreement any of the parties hereto is referred to, such reference shall be deemed to include the successors and assigns of such party, ; and all covenants, promises and agreements by or on behalf of the parties that are contained in this Agreement shall bind and inure to the benefit of their respective successors and assigns. Neither the Borrower nor any Subsidiary Guarantor may assign or transfer any of its rights or obligations hereunder (and any such attempted assignment or transfer shall be void) without the prior written consent of the Required Lenders. Notwithstanding the foregoing, at the time any Subsidiary Guarantor is released from its obligations under the Senior Subsidiary Guarantee Agreement in accordance with such Senior the Subsidiary Guarantee Agreement and the Senior Credit Agreement, such Subsidiary Guarantor will automatically cease to have any rights or obligations under this Agreement.

Appears in 2 contracts

Samples: Indemnity, Subrogation and Contribution Agreement (Applied Power Inc), Contribution Agreement (Actuant Corp)

Binding Agreement; Assignments. Whenever in this Agreement any of the parties hereto is referred to, such reference shall be deemed to include the successors and assigns of such party, ; and all covenants, promises and agreements by or on behalf of the parties that are contained in this Agreement shall bind and inure to the benefit of their respective successors and assigns. Neither the Borrower Parent nor any Subsidiary Guarantor may assign or transfer any of its rights or obligations hereunder (and any such attempted assignment or transfer shall be void) without the prior written consent of the Required Lenders. Notwithstanding the foregoing, at the time any Subsidiary Guarantor is released from its obligations under the Senior Subsidiary Guarantee Agreement in accordance with such Senior the Subsidiary Guarantee Agreement and the Senior Credit Agreement, such Subsidiary Guarantor will automatically cease to have any rights or obligations under this Agreement.

Appears in 1 contract

Samples: Contribution Agreement (Playboy Enterprises Inc)

Binding Agreement; Assignments. Whenever in this Agreement any of the parties hereto is referred to, such reference shall be deemed to include the successors and assigns of such party, ; and all covenants, promises and agreements by or on behalf of the parties that are contained in this Agreement shall bind and inure to the benefit of their respective successors and assigns. Neither the Borrower nor any Subsidiary Guarantor may assign or transfer any of its rights or obligations hereunder (and any such attempted assignment or transfer shall be void) without the prior written consent of the Required Lenders. Notwithstanding the foregoing, at the time any Subsidiary Guarantor is released from its obligations under the Senior Subsidiary Guarantee Agreement in accordance with such Senior Subsidiary Guarantee Agreement and the Senior Credit Agreement, such Subsidiary Guarantor will automatically cease to have any rights or obligations under this Agreement.

Appears in 1 contract

Samples: Subrogation and Contribution Agreement (Century Maintenance Supply Inc)

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Binding Agreement; Assignments. Whenever in this Agreement any of the parties hereto is referred to, such reference shall be deemed to include the successors and assigns of such party, ; and all covenants, promises and agreements by or on behalf of the parties that are contained in this Agreement shall bind and inure to the benefit of their respective successors and assigns. Neither Except as contemplated herein or in the Credit Agreement, neither the Borrower nor any Subsidiary Guarantor may assign or transfer any of its rights or obligations hereunder (and any such attempted assignment or transfer shall be void) without the prior written consent of the Required Lenderseach Lender. Notwithstanding the foregoing, at the time any Subsidiary Guarantor is released from its obligations under the Senior Subsidiary Guarantee Agreement in accordance with such Senior Subsidiary the Guarantee Agreement and the Senior Credit Agreement, such Subsidiary Guarantor will automatically cease to have any rights or obligations under this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Gartner Group Inc)

Binding Agreement; Assignments. Whenever When- ever in this Agreement any of the parties hereto is referred to, such reference shall be deemed to include the successors and assigns of such party, ; and all covenants, promises and agreements by or on behalf of the parties that are contained in this Agreement shall bind and inure to the benefit of their respective successors and assigns. Neither Except as contemplated herein or in the Credit Agreement, neither the Borrower nor any Subsidiary Guarantor may assign or transfer any of its rights or obligations hereunder (and any such attempted assignment or transfer shall be void) without the prior written consent of the Required Lenderseach Lender. Notwithstanding the foregoing, at the time any Subsidiary Guarantor is released from its obligations under the Senior Subsidiary Guarantee Agreement in accordance with such Senior Subsidiary the Guarantee Agreement and the Senior Credit Agreement, such Subsidiary Guarantor will automatically cease to have any rights or obligations under this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Gartner Inc)

Binding Agreement; Assignments. Whenever in this Agreement any of the parties hereto is referred to, such reference shall be deemed to include the successors and assigns of such party, ; and all covenants, promises and agreements by or on behalf of the parties that are contained in this Agreement shall bind and inure to the benefit of their respective successors and assigns. Neither the Borrower nor any Subsidiary Guarantor may assign or transfer any of its rights or obligations hereunder (and any such attempted assignment or transfer shall be void) without the prior written consent of the Required LendersSecond Priority Instructing Group. Notwithstanding the foregoing, at the time any Subsidiary Guarantor is released from its obligations under the Senior Second Priority Subsidiary Guarantee Agreement in accordance with such Senior Second Priority Subsidiary Guarantee Agreement and the Senior Credit AgreementSecond Priority Debt Documents, such Subsidiary Guarantor will automatically cease to have any rights or obligations under this Agreement.

Appears in 1 contract

Samples: Second Priority (Rite Aid Corp)

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