Common use of Binding Effect; Several Agreement; Assignments Clause in Contracts

Binding Effect; Several Agreement; Assignments. Whenever in this Guarantee Agreement any of the parties hereto is referred to, such reference shall be deemed to include the successors and permitted assigns of such party, and all covenants, promises and agreements by or on behalf of the Guarantors that are contained in this Guarantee Agreement shall bind and inure to the benefit of each party hereto and their respective successors and permitted assigns. This Guarantee Agreement shall be binding upon each of the Guarantors and their respective successors and permitted assigns, and shall inure to the benefit of the Agent and the other Secured Parties, and their respective successors and assigns, except that the duties and obligations of the Guarantors may not be delegated or transferred except as permitted by the Credit Agreement. This Guarantee Agreement shall be construed as a separate agreement with respect to each Guarantor and may be amended, modified, supplemented, waived or released with respect to any Guarantor without the approval of any other Guarantor and without affecting the obligations of any other Guarantor hereunder.

Appears in 3 contracts

Samples: Guarantee Agreement, Guarantee Agreement (Versum Materials, Inc.), Security Agreement (W R Grace & Co)

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Binding Effect; Several Agreement; Assignments. Whenever in this Guarantee Agreement Guaranty any of the parties hereto is referred to, such reference shall be deemed to include the successors and permitted assigns of such party, and all covenants, promises and agreements by or on behalf of the Guarantors Borrowers that are contained in this Guarantee Agreement Guaranty shall bind and inure to the benefit of each party hereto and their respective successors and permitted assigns. This Guarantee Agreement Guaranty shall be binding upon each of the Guarantors Borrowers and their respective permitted successors and permitted assigns, and shall inure to the benefit of the Agent Agents and the other Secured Parties, and their respective permitted successors and assigns, except that no Borrower shall have the duties right to assign or transfer its rights or obligations hereunder or any interest herein (and obligations of the Guarantors may not any such attempted assignment or transfer shall be delegated or transferred except as permitted by the Credit Agreementvoid). This Guarantee Agreement Guaranty shall be construed as a separate agreement with respect to each Guarantor Borrower and may be amended, modified, supplemented, waived or released with respect to any Guarantor Borrower without the approval of any other Guarantor Borrower and without affecting the obligations of any other Guarantor Borrower hereunder.

Appears in 2 contracts

Samples: Guaranty (Marsh Supermarkets Inc), Marsh Supermarkets Inc

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Binding Effect; Several Agreement; Assignments. Whenever in this Guarantee Agreement any of the parties hereto is referred to, such reference shall be deemed to include the successors and permitted assigns of such party, and all covenants, promises and agreements by or on behalf of the Guarantors that are contained in this Guarantee Agreement shall bind and inure to the benefit of each party hereto of the Guarantors and their its respective successors and permitted assigns. This Guarantee Agreement shall be binding upon each of the Guarantors and their respective successors and permitted assigns, and shall inure to the benefit of the Agent Agents and the other Secured Parties, and their respective successors and permitted assigns, except that no Guarantor shall have the duties right to assign or transfer its rights or obligations hereunder or any interest herein (and obligations of the Guarantors may not any such attempted assignment or transfer shall be delegated or transferred void), except as expressly permitted by this Guarantee or the Credit Agreement. This Guarantee Agreement shall be construed as a separate agreement with respect to each Guarantor and may be amended, modified, supplemented, waived or released with respect to any Guarantor without the approval of any other Guarantor and without affecting the obligations of any other Guarantor hereunder.

Appears in 1 contract

Samples: Credit Agreement (Pier 1 Imports Inc/De)

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