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

Binding Effect; Several Agreement; Assignments. Whenever in this 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 any Pledgor that are contained in this Agreement shall bind and inure to the benefit of its successors and assigns. This Agreement shall become effective as to any Pledgor when a counterpart hereof executed on behalf of such Pledgor shall have been delivered to the Collateral Agent and a counterpart hereof shall have been executed on behalf of the Collateral Agent, and thereafter shall be binding upon such Pledgor and the Collateral Agent and their respective successors and permitted assigns, and shall inure to the benefit of such Pledgor, the Collateral Agent and the other Second Priority Secured Parties, and their respective successors and permitted assigns, except that no Pledgor shall have the right to assign its rights hereunder or

Binding Effect; Several Agreement; Assignments. Whenever in this 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 any the Stock Pledgor that are contained in this Agreement shall bind and inure to the benefit of its successors and assigns. This Agreement shall become effective as to any the Stock Pledgor when a counterpart hereof executed on behalf of such Stock Pledgor shall have been delivered to the Collateral Agent and a counterpart hereof shall have been executed on behalf of the Collateral Agent, Agent and thereafter shall be binding upon such Stock Pledgor and the Collateral Agent and their respective successors and permitted assigns, and shall inure to the benefit of such Stock Pledgor, the Collateral Agent Agent, the Trustee and the other Second Priority Secured Parties, and their respective successors and permitted assigns, except that no Stock Pledgor shall not have the right to assign its rights hereunder oror any interest herein or in the Note/Debenture Collateral (and any such attempted assignment shall be void), except as expressly contemplated by this Agreement or the Indentures.

Binding Effect; Several Agreement; Assignments. Whenever in this 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 any the Pledgor that are contained in this Agreement shall bind and inure to the benefit of its each party thereto and their respective successors and assigns. This Agreement shall become effective as to any the Pledgor when a counterpart hereof executed on behalf of such the Pledgor shall have been delivered to the Collateral Agent and a counterpart hereof shall have been executed on behalf of the Collateral Agent, and thereafter shall be binding upon such the Pledgor and the Collateral Agent and their respective successors and permitted assigns, and shall inure to the benefit of such the Pledgor, the Collateral Agent and the other Second Priority Secured Parties, and their respective successors and permitted assigns, except that no the Pledgor shall not have the right to assign its rights hereunder oror any interest herein or in the Collateral (and any such attempted assignment shall be void), except as expressly contemplated by this Agreement or the Indenture.

Binding Effect; Several Agreement; Assignments. Whenever in this 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 any Pledgor that are contained in this Agreement shall bind and inure to the benefit of its successors and assigns. This Agreement shall become effective as to any Pledgor when a counterpart hereof executed on behalf of such Pledgor shall have been delivered to the Collateral Agent and a counterpart hereof shall have been executed on behalf of the Collateral Agent, and thereafter shall be binding upon such Pledgor and the Collateral Agent and their respective successors and permitted assigns, and shall inure to the benefit of such Pledgor, the Collateral Agent and the other Second Priority Secured Parties, and their respective successors and permitted assigns, except that no Pledgor shall have the right to assign its rights hereunder oror any interest herein or in the Collateral (and any such attempted assignment shall be void and the Collateral Agent shall not have the right to assign its rights or obligations hereunder or any interest herein other than pursuant to any assignment or resignation permitted under the Credit Agreement), except as expressly contemplated by this Agreement or the other Loan Documents. If all of the capital stock of a Pledgor is sold, transferred or otherwise disposed of to a person that is not an Affiliate of the Borrower pursuant to a transaction permitted by Section 6.05 of the Credit Agreement, such Pledgor shall be released from its obligations under this Agreement without further action. This Agreement shall be construed as a separate agreement with respect to each Pledgor and may be amended, modified, supplemented, waived or released with respect to any Pledgor without the approval of any other Pledgor and without affecting the obligations of any other Pledgor hereunder.

Binding Effect; Several Agreement; Assignments. Whenever in this 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 any Pledgor that are contained in this Agreement shall bind and inure to the benefit of its successors and assigns. This Agreement shall become effective as to any Pledgor when a counterpart hereof executed on behalf of such Pledgor shall have been delivered to the Collateral Agent and a counterpart hereof shall have been executed on behalf of the Collateral AgentRestatement Effective Date, and thereafter shall be binding upon such Pledgor the Pledgors and the Collateral Agent and their respective successors and permitted assigns, and shall inure to the benefit of such each Pledgor, the Collateral Agent and the other Second Priority Secured Parties, and their respective successors and permitted assigns, except that no Pledgor shall have the right to assign its rights hereunder oror any interest herein or in the Collateral (and any such attempted assignment shall be void), except as expressly contemplated by this Agreement or the other Loan Documents. If all of the Collateral of a Pledgor is sold, transferred or otherwise disposed of to a Person that is not an Affiliate of the Borrower pursuant to a transaction permitted by Section 6.06 of the Credit Agreement, such Pledgor shall be released from its obligations under this Agreement without further action. This Agreement shall be construed as a separate agreement with respect to each Pledgor and may be amended, modified, supplemented, waived or released with respect to any Pledgor without the approval of any other Pledgor and without affecting the obligations of any other Pledgor hereunder.