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

Binding Effect; Several Agreement; Assignments. Whenever in this Unsecured Guaranty 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 Unsecured Guarantor that are contained in this Unsecured Guaranty shall bind and inure to the benefit of each of the Unsecured Guarantor and its successors and assigns. This Unsecured Guaranty shall be binding upon the Unsecured Guarantor and its successors and assigns, and shall inure to the benefit of the Agent and the other Credit Parties, and their respective successors and assigns, except that the Unsecured Guarantor shall not have the right to assign or transfer its rights or obligations hereunder or any interest herein (and any such attempted assignment or transfer shall be void), except as expressly permitted by this Unsecured Guaranty or the Credit Agreement.

Appears in 4 contracts

Samples: Unsecured Guaranty (Pacific Sunwear of California Inc), Unsecured Guaranty (Pacific Sunwear of California Inc), Unsecured Guaranty (Pacific Sunwear of California Inc)

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Binding Effect; Several Agreement; Assignments. Whenever in this Unsecured Guaranty any of the parties hereto is referred to, such reference shall be deemed to include the successors and assigns of such partyThis Guaranty, and all covenants, promises and agreements by or on behalf of the Unsecured Guarantor Guarantors that are contained in this Unsecured Guaranty shall bind and inure to the benefit of each of the Unsecured Guarantor and its successors and assigns. This Unsecured Guaranty Guaranty, shall be binding upon each of the Unsecured Guarantor Guarantors and its their respective successors and assigns, and shall inure to the benefit of the Administrative Agent and the other Credit Parties, and their respective successors and permitted assigns, except that the Unsecured no Guarantor shall not have the right to assign or transfer its rights or obligations hereunder or any interest herein (and any such attempted assignment or transfer shall be void), except as expressly permitted by this Unsecured Guaranty or the Credit Agreement. This Guaranty 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: Credit Agreement (Quiksilver Inc), Credit Agreement (Quiksilver Inc), Credit Agreement (Quiksilver Inc)

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Binding Effect; Several Agreement; Assignments. Whenever in this Unsecured Guaranty any of the parties hereto is referred to, such reference shall be deemed to include the successors and assigns of such partyThis Guaranty, and all covenants, promises and agreements by or on behalf of the Unsecured Guarantor Guarantors that are contained in this Unsecured Guaranty shall bind and inure to the benefit of each of the Unsecured Guarantor and its successors and assigns. This Unsecured Guaranty herein, shall be binding upon each of the Unsecured Guarantor Guarantors and its their respective successors and assigns, and shall inure to the benefit of the Agent and the other Credit Parties, and their respective successors and permitted assigns, except that the Unsecured no Guarantor shall not have the right to assign or transfer its rights or obligations hereunder or any interest herein (and any such attempted assignment or transfer shall be void), except as expressly permitted by this Unsecured Guaranty or the Credit AgreementAgreement (it being understood that a merger or consolidation not prohibited by the Credit Agreement shall not constitute an assignment). This Guaranty 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 (Foot Locker, Inc.)

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