Common use of Binding Effect; Survival Clause in Contracts

Binding Effect; Survival. This Agreement shall be binding upon and inure to the benefit of Borrower, the Lenders, the LC Issuers, the Agents and their respective successors and assigns, and the provisions of Article VI and Article XIV shall inure to the benefit of the Affected Parties and the Indemnified Parties, respectively, and their respective successors and assigns; provided, however, nothing in the foregoing shall be deemed to authorize any assignment not permitted by Article XIII. This Agreement shall create and constitute the continuing obligations of the parties hereto in accordance with its terms, and shall remain in full force and effect until such time, after the Commitment Termination Date, when all Obligations have been finally and fully paid and performed. The rights and remedies with respect to any breach of any representation and warranty made by Borrower or Servicer pursuant to Article VIII and the indemnification and payment provisions of Article XIV and Article VI, Sections 15.4, 15.11 and 15.12 shall be continuing and shall survive any termination of this Agreement and any termination of Bowater's rights to act as Servicer hereunder or under any other Transaction Document.

Appears in 1 contract

Samples: Loan Agreement (Bowater Inc)

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Binding Effect; Survival. This Agreement shall be binding upon and inure to the benefit of Borrower, the LendersBank, the LC IssuersCovenant Nevada, the Agents Lender, Administrator, and their respective successors and assigns, and the provisions of Article VI and Article XIV shall inure to the benefit of the Affected Parties and the Indemnified Parties, respectively, and their respective successors and assigns; provided, however, nothing in the foregoing shall be deemed to authorize any assignment not permitted by Article XIII. This Agreement shall create and constitute the continuing obligations of the parties hereto in accordance with its terms, and shall remain in full force and effect until such time, after the Commitment Termination Date, when all Obligations have been finally and fully paid and performed. The rights and remedies with respect to any breach of any representation and warranty made by Borrower or Master Servicer pursuant to Article VIII and the indemnification and payment provisions of Article XIV and Article VI, Sections 15.4, 15.11 and 15.12 shall be continuing and shall survive any termination of this Agreement and any termination of BowaterCovenant Nevada's rights to act as Master Servicer hereunder or under any other Transaction Document.

Appears in 1 contract

Samples: Loan Agreement (Covenant Transport Inc)

Binding Effect; Survival. This Agreement shall be binding upon and inure to the benefit of Borrower, the LendersBank, the LC IssuersLender, the Agents Administrator, and their respective successors and assigns, and the provisions of Article VI and Article XIV shall inure to the benefit of the Affected Parties and the Indemnified Parties, respectively, and their respective successors and assigns; providedPROVIDED, howeverHOWEVER, nothing in the foregoing shall be deemed to authorize any assignment not permitted by Article XIII. This Agreement shall create and constitute the continuing obligations of the parties hereto in accordance with its terms, and shall remain in full force and effect until such time, after the Commitment Termination Date, when all Obligations have been finally and fully paid and performed. The rights and remedies with respect to any breach of any representation and warranty made by Borrower or Servicer pursuant to Article VIII and the indemnification and payment provisions of Article XIV and Article VI, Sections 15.4, 15.11 and 15.12 shall be continuing and shall survive any termination of this Agreement and any termination of BowaterG&K's rights to act as Servicer hereunder or under any other Transaction Document.

Appears in 1 contract

Samples: Loan Agreement (G&k Services Inc)

Binding Effect; Survival. This Agreement shall be binding upon and inure to the benefit of Borrower, the Lenders, the LC Issuers, the Agents and their respective successors and assigns, and the provisions of Article VI and Article XIV shall inure to the benefit of the Affected Parties and the Indemnified Parties, respectively, and their respective successors and assigns; provided, however, nothing in the foregoing shall be deemed to authorize any assignment not permitted by Article XIII. This Agreement shall create and constitute the continuing obligations of the parties hereto in accordance with its terms, and shall remain in full force and effect until such time, after the Commitment Termination Date, when all Obligations have been finally and fully paid and performed. The rights and remedies with respect to any breach of any representation and warranty made by Borrower or Servicer Collection Agent pursuant to Article VIII and the indemnification and payment provisions of Article XIV and Article VI, Sections 15.4, 15.11 and 15.12 shall be continuing and shall survive any termination of this Agreement and any termination of Bowater's ArvinMeritor’s rights to act as Servicer Collection Agent hereunder or under any other Transaction Document.

Appears in 1 contract

Samples: Loan Agreement (Arvinmeritor Inc)

Binding Effect; Survival. This Agreement shall be binding upon and inure to the benefit of BorrowerSeller, Servicer, Purchaser, the Lenders, the LC Issuers, the Agents Agent and their respective successors and assigns, and the provisions of Article VI Section 4.02 and Article XIV XIII shall inure to the benefit of the Affected Parties and the Indemnified Parties, respectively, and their respective successors and assigns; provided, however, that nothing in the foregoing shall be deemed to authorize any assignment not permitted by Article XIIISection 12.01. This Agreement shall create and constitute the continuing obligations of the parties hereto in accordance with its terms, and shall remain in full force and effect until such time, after the Commitment Termination Date, when as all Undivided Interests shall have been reduced to zero and all Obligations shall have been finally and fully paid and performed. The rights and remedies with respect to any breach of any representation and warranty made by Borrower Seller or Servicer Sunterra pursuant to Article VIII VI and the indemnification and payment provisions of Article XIV XIII and Article VISections 4.02, Sections 15.4, 15.11 14.05 and 15.12 14.06 shall be continuing and shall survive any termination of this Agreement and any termination of Bowater's rights to act as Servicer hereunder or under any other Transaction DocumentAgreement.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Sunterra Corp)

Binding Effect; Survival. This Agreement shall be binding upon and inure to the benefit of the Borrower, the LendersLender, the LC Issuers, the Agents Administrator and their respective successors and assigns, and the provisions of Article VI and Article XIV shall inure to the benefit of the Affected Parties and the Indemnified Parties, respectively, and their respective successors and assigns; provided, however, nothing in the foregoing shall be deemed to authorize any assignment not permitted by Article XIII. This Agreement shall create and constitute the continuing obligations of the parties hereto in accordance with its terms, and shall remain in full force and effect until such time, after the Commitment Termination Date, when all Obligations have been finally and fully paid and performed. The rights and remedies with respect to any breach of any representation and warranty made by the Borrower or the Servicer pursuant to Article VIII and the indemnification and payment provisions of Article XIV and Article VI, Sections 15.4, 15.11 and 15.12 and any breach by the Borrower or the Servicer pursuant to Sections 8.9, 8.10, 8.23, 8.24, and 8.25 shall be continuing and shall survive any termination of this Agreement and any termination of Bowater's Jarden’s rights to act as the Servicer hereunder or under any other Transaction Document.

Appears in 1 contract

Samples: Loan Agreement (Jarden Corp)

Binding Effect; Survival. This Agreement shall be binding upon and inure to the benefit of the Borrower, the Lenders, the LC Issuers, the Agents Administrator and their respective successors and assigns, and the provisions of Article VI and Article XIV shall inure to the benefit of the Affected Parties and the Indemnified Parties, respectively, and their respective successors and assigns; provided, however, nothing in the foregoing shall be deemed to authorize any assignment not permitted by Article XIII. This Agreement shall create and constitute the continuing obligations of the parties hereto in accordance with its terms, and shall remain in full force and effect until such time, after the Commitment Termination Date, when all Obligations have been finally and fully paid and performed. The rights and remedies with respect to any breach of any representation and warranty made by the Borrower or the Servicer pursuant to Article VIII and the indemnification and payment provisions of Article XIV and Article VI, Sections 15.4, 15.11 and 15.12 and any breach by the Borrower or the Servicer pursuant to Sections 8.9, 8.10, 8.23, 8.24, and 8.25 shall be continuing and shall survive any termination of this Agreement and any termination of Bowater's Jarden’s rights to act as the Servicer hereunder or under any other Transaction Document.

Appears in 1 contract

Samples: Loan Agreement (Jarden Corp)

Binding Effect; Survival. This Agreement shall be binding upon and inure to the benefit of Borrower, the LendersBank, the LC IssuersLender, the Agents Administrator, and their respective successors and assigns, and the provisions of Article VI and Article XIV shall inure to the benefit of the Affected Parties and the Indemnified Parties, respectively, and their respective successors and assigns; provided, however, nothing in the foregoing shall be deemed to authorize any assignment not permitted by Article XIII. This Agreement shall create and constitute the continuing obligations of the parties hereto in accordance with its terms, and shall remain in full force and effect until such time, after the Commitment Termination Date, when all Obligations have been finally and fully paid and performed. The rights and remedies with respect to any breach of any representation and warranty made by Borrower or Servicer pursuant to Article VIII and the indemnification and payment provisions of Article XIV and Article VI, Sections 15.4, 15.11 and 15.12 shall be continuing and shall survive any termination of this Agreement and any termination of Bowater's G&K’s rights to act as Servicer hereunder or under any other Transaction Document.

Appears in 1 contract

Samples: Loan Agreement (G&k Services Inc)

Binding Effect; Survival. This Agreement shall be binding upon and inure to the benefit of Borrower, the LendersBank, the LC IssuersLender, the Agents Administrator, and their respective successors and assigns, and the provisions of Article VI and Article XIV shall inure to the benefit of the Affected Parties and the Indemnified Parties, respectively, and their respective successors and assigns; providedPROVIDED, howeverHOWEVER, nothing in the foregoing shall be deemed to authorize any assignment not permitted by Article XIII. This Agreement shall create and constitute the continuing obligations of the parties hereto in accordance with its terms, and shall remain in full force and effect until such time, after the Commitment Termination Date, when all Obligations have been finally and fully paid and performed. The rights and remedies with respect to any breach of any representation and warranty made by Borrower or Servicer pursuant to Article VIII and the indemnification and payment provisions of Article XIV and Article VI, Sections 15.4, 15.11 and 15.12 shall be continuing and shall survive any termination of this Agreement and any termination of BowaterChoicePoint's rights to act as Servicer hereunder or under any other Transaction Document.

Appears in 1 contract

Samples: Loan Agreement (Choicepoint Inc)

Binding Effect; Survival. This Agreement shall be binding upon and inure to the benefit of the Borrower, the LendersBank, the Lender, the LC IssuersIssuer, the Agents Administrator, and their respective successors and assigns, and the provisions of Article VI and Article XIV shall inure to the benefit of the Affected Parties and the Indemnified Parties, respectively, and their respective successors and assigns; provided, however, nothing in the foregoing shall be deemed to authorize any assignment not permitted by Article XIII. This Agreement shall create and constitute the continuing obligations of the parties hereto in accordance with its terms, and shall remain in full force and effect until such time, after the Commitment Termination Date, when all Obligations have been finally and fully paid and performed. The rights and remedies with respect to any breach of any representation and warranty made by Borrower or Servicer pursuant to Article VIII and the indemnification and payment provisions of Article XIV and Article VI, Sections 15.4, 15.11 and 15.12 shall be continuing and shall survive any termination of this Agreement and any termination of Bowater's G&K’s rights to act as Servicer hereunder or under any other Transaction Document.

Appears in 1 contract

Samples: Loan Agreement (G&k Services Inc)

Binding Effect; Survival. This Agreement shall be binding upon and inure to the benefit of Borrower, the LendersBank, the LC IssuersLender, the Agents Administrator, and their respective successors and assigns, and the provisions of Article VI and Article XIV shall inure to the benefit of the Affected Parties and the Indemnified Parties, respectively, and their respective successors and assigns; provided, however, nothing in the foregoing shall be deemed to authorize any assignment not permitted by Article XIII. This Agreement shall create and constitute the continuing obligations of the parties hereto in accordance with its terms, and shall remain in full force and effect until such time, after the Commitment Termination Date, when all Obligations have been finally and fully paid and performed. The rights and remedies with respect to any breach of any representation and warranty made by Borrower or either Servicer pursuant to Article VIII and the indemnification and payment provisions of Article XIV and Article VI, Sections 15.4, 15.11 and 15.12 shall be continuing and shall survive any termination of this Agreement and any termination of BowaterU.S. Xpress' and Global's rights to act as Servicer Servicers hereunder or under any other Transaction Document.

Appears in 1 contract

Samples: Loan Agreement (Us Xpress Enterprises Inc)

Binding Effect; Survival. This Agreement shall be binding upon and inure to the benefit of Borrower, the LendersBank, the LC IssuersLender, the Agents Administrator, and their respective successors and assigns, and the provisions of Article VI and Article XIV shall inure to the benefit of the Affected Parties and the Indemnified Parties, respectively, and their respective successors and assigns; provided, however, nothing in the foregoing shall be deemed to authorize any assignment not permitted by Article XIII. This Agreement shall create and constitute the continuing obligations of the parties hereto in accordance with its terms, and shall remain in full force and effect until such time, after the Commitment Termination Date, when all Obligations have been finally and fully paid and performed. The rights and remedies with respect to any breach of any representation and warranty made by Borrower or Servicer pursuant to Article VIII and the indemnification and payment provisions of Article XIV and Article VI, Sections 15.4, 15.11 and 15.12 shall be continuing and shall survive any termination of this Agreement and any termination of BowaterOxford's rights to act as Servicer hereunder or under any other Transaction Document.

Appears in 1 contract

Samples: Loan Agreement (Oxford Industries Inc)

Binding Effect; Survival. This Agreement shall be binding upon and inure to the benefit of Borrower, the LendersBank, the LC IssuersToro, the Agents Lender, Administrator, and their respective successors and assigns, and the provisions of Article VI and Article XIV shall inure to the benefit of the Affected Parties and the Indemnified Parties, respectively, and their respective successors and assigns; provided, however, nothing in the foregoing shall be deemed to authorize any assignment not permitted by Article XIII. This Agreement shall create and constitute the continuing obligations of the parties hereto in accordance with its terms, and shall remain in full force and effect until such time, after the Commitment Termination Date, when all Obligations have been finally and fully paid and performed. The rights and remedies with respect to any breach of any representation and warranty made by Borrower or Servicer pursuant to Article VIII and the indemnification and payment provisions of Article XIV and Article VI, Sections 15.4, 15.11 and 15.12 shall be continuing and shall survive any termination of this Agreement and any termination of BowaterToro's rights to act as Servicer hereunder or under any other Transaction Document.

Appears in 1 contract

Samples: Loan Agreement (Toro Co)

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Binding Effect; Survival. This Agreement shall be binding upon and inure to the benefit of the Borrower, the Issuing Lender, the Lenders, the LC Issuers, the Agents Administrator and their respective successors and assigns, and the provisions of Article VI and Article XIV shall inure to the benefit of the Affected Parties and the Indemnified Parties, respectively, and their respective successors and assigns; provided, however, nothing in the foregoing shall be deemed to authorize any assignment not permitted by Article XIII. This Agreement shall create and constitute the continuing obligations of the parties hereto in accordance with its terms, and shall remain in full force and effect until such time, after the Commitment Termination Date, when all Obligations have been finally and fully paid and performed. The rights and remedies with respect to any breach of any representation and warranty made by the Borrower or the Servicer pursuant to Article VIII and the indemnification and payment provisions of Article XIV and Article VI, Sections 15.4, 15.11 and 15.12 and any breach by the Borrower or the Servicer pursuant to Sections 8.9, 8.10, 8.23, 8.24, and 8.25 shall be continuing and shall survive any termination of this Agreement and any termination of Bowater's Jarden’s rights to act as the Servicer hereunder or under any other Transaction Document.

Appears in 1 contract

Samples: Loan Agreement (Jarden Corp)

Binding Effect; Survival. This Agreement shall be binding upon and inure to the benefit of Borrower, the LendersBank, the LC IssuersLender, the Agents Administrator, and their respective successors and assigns, and the provisions of Article VI and Article XIV shall inure to the benefit of the Affected Parties and the Indemnified Parties, respectively, and their respective successors and assigns; providedPROVIDED, howeverHOWEVER, nothing in the foregoing shall be deemed to authorize any assignment not permitted by Article XIII. This Agreement shall create and constitute the continuing obligations of the parties hereto in accordance with its terms, and shall remain in full force and effect until such time, after the Commitment Termination Date, when all Obligations have been finally and fully paid and performed. The rights and remedies with respect to any breach of any representation and warranty made by Borrower or Servicer pursuant to Article VIII and the indemnification and payment provisions of Article XIV and Article VI, Sections 15.4, 15.11 and 15.12 shall be continuing and shall survive any termination of this Agreement and any termination of BowaterInterface's rights to act as Servicer hereunder or under any other Transaction Document.

Appears in 1 contract

Samples: Loan Agreement (Interface Inc)

Binding Effect; Survival. This Agreement shall be binding upon and inure to the benefit of Borrower, the LendersBank, the LC IssuersBaldor, the Agents Lender, Administrator, and their respective successors and assigns, and the provisions of Article VI and Article XIV shall inure to the benefit of the Affected Parties and the Indemnified Parties, respectively, and their respective successors and assigns; provided, however, nothing in the foregoing shall be deemed to authorize any assignment not permitted by Article XIII. This Agreement shall create and constitute the continuing obligations of the parties hereto in accordance with its terms, and shall remain in full force and effect until such time, after the Commitment Termination Date, when all Obligations have been finally and fully paid and performed. The rights and remedies with respect to any breach of any representation and warranty made by Borrower or Master Servicer pursuant to Article VIII and the indemnification and payment provisions of Article XIV and Article VI, Sections 15.4, 15.11 and 15.12 shall be continuing and shall survive any termination of this Agreement and any termination of Bowater's Baldor’s rights to act as Master Servicer hereunder or under any other Transaction Document.

Appears in 1 contract

Samples: Loan Agreement (Baldor Electric Co)

Binding Effect; Survival. This Agreement shall be binding upon and inure to the benefit of Borrower, the Lenders, the LC Issuers, the Agents and their respective successors and assigns, and the provisions of Article VI and Article XIV shall inure to the benefit of the Affected Parties and the Indemnified Parties, respectively, and their respective successors and assigns; provided, however, nothing in the foregoing shall be deemed to authorize any assignment not permitted by Article XIII. This Agreement shall create and constitute the continuing obligations of the parties hereto in accordance with its terms, and shall remain in full force and effect until such time, after the Commitment Termination Date, when all Obligations have been finally and fully paid and performed. The rights and remedies with respect to any breach of any representation and warranty made by Borrower or Servicer Collection Agent pursuant to Article VIII and the indemnification and payment provisions of Article XIV and Article VIVI , Sections 15.4, 15.11 and 15.12 shall be continuing and shall survive any termination of this Agreement and any termination of Bowater's ArvinMeritor’s rights to act as Servicer Collection Agent hereunder or under any other Transaction Document.

Appears in 1 contract

Samples: Loan Agreement (Arvinmeritor Inc)

Binding Effect; Survival. This Agreement shall be binding upon and inure to the benefit of Borrower, the Lenders, the LC Issuers, the Agents parties hereto and their respective successors and assigns, and the 173 provisions of Article VI and Article XIV XVI shall inure to the benefit of the Affected Parties and the Indemnified Parties, respectively, and their respective successors and assigns; provided, howeverprovided that, nothing in the foregoing shall be deemed to authorize any assignment not permitted by Article XIIIXV. This Agreement shall create and constitute the continuing obligations of the parties hereto in accordance with its terms, and shall remain in full force and effect until such time, after the Commitment Termination Date, when as all Class A Advances and other Obligations shall have been finally indefeasibly and fully paid and performedperformed and the commitments of all Non-Conduit Lenders to make Class A Advances shall have terminated. The rights and remedies with respect to any breach of any representation and warranty made by the Borrower or Servicer pursuant to Article VIII IX and the indemnification and payment provisions of Article XIV VI and Article VI, Sections 15.4, 15.11 XVI and 15.12 Section 17.4 shall be continuing and shall survive any termination of this Agreement and any termination of Bowater's any member of the Avolon Group’s rights to act as the Servicer hereunder or under any other Transaction Document.

Appears in 1 contract

Samples: Credit Agreement (Avolon Holdings LTD)

Binding Effect; Survival. This Agreement shall be binding upon and inure to the benefit of the Borrower, the LendersLender, the LC Issuers, the Agents Administrator and their respective successors and assigns, and the provisions of Article VI and Article XIV shall inure to the benefit of the Affected Parties and the Indemnified Parties, respectively, and their respective successors and assigns; provided, however, nothing in the foregoing shall be deemed to authorize any assignment not permitted by Article XIII. This Agreement shall create and constitute the continuing obligations of the parties hereto in accordance with its terms, and shall remain in full force and effect until such time, after the Commitment Termination Date, when all Obligations have been finally and fully paid and performed. The rights and remedies with respect to any breach of any representation and warranty made by the Borrower or the Servicer pursuant to Article VIII and the indemnification and payment provisions of Article XIV and Article VI, Sections 15.4, 15.11 and 15.12 shall be continuing and shall survive any termination of this Agreement and any termination of Bowater's Jarden’s rights to act as the Servicer hereunder or under any other Transaction Document.

Appears in 1 contract

Samples: Loan Agreement (Jarden Corp)

Binding Effect; Survival. This Agreement shall be binding upon and inure to the benefit of Borrower, the Lenders, the LC Issuers, the Agents and their respective successors and assigns, and the provisions of Article VI and Article XIV shall inure to the benefit of the Affected Parties and the Indemnified Parties, respectively, and their respective successors and assigns; providedPROVIDED, howeverHOWEVER, nothing in the foregoing shall be deemed to authorize any assignment not permitted by Article XIII. This Agreement shall create and constitute the continuing obligations of the parties hereto in accordance with its terms, and shall remain in full force and effect until such time, after the Commitment Termination Date, when all Obligations have been finally and fully paid and performed. The rights and remedies with respect to any breach of any representation and warranty made by Borrower or Servicer pursuant to Article VIII and the indemnification and payment provisions of Article XIV and Article VI, Sections 15.4, 15.11 and 15.12 shall be continuing and shall survive any termination of this Agreement and any termination of Bowater's rights to act as Servicer hereunder or under any other Transaction Document.

Appears in 1 contract

Samples: Loan Agreement (Bowater Inc)

Binding Effect; Survival. This Agreement shall be binding upon and inure to the benefit of Borrower, the LendersBank, the LC IssuersCentral Nevada, the Agents Lender, Administrator, and their respective successors and assigns, and the provisions of Article VI and Article XIV shall inure to the benefit of the Affected Parties and the Indemnified Parties, respectively, and their respective successors and assigns; provided, however, nothing in the foregoing shall be deemed to authorize any assignment not permitted by Article XIII. This Agreement shall create and constitute the continuing obligations of the parties hereto in accordance with its terms, and shall remain in full force and effect until such time, after the Commitment Termination Date, when all Obligations have been finally and fully paid and performed. The rights and remedies with respect to any breach of any representation and warranty made by Borrower or Servicer pursuant to Article VIII and the indemnification and payment provisions of Article XIV and Article VI, Sections 15.4, 15.11 and 15.12 shall be continuing and shall survive any termination of this Agreement and any termination of BowaterCentral Nevada's rights to act as Servicer hereunder or under any other Transaction Document.

Appears in 1 contract

Samples: Loan Agreement (Central Freight Lines Inc/Tx)

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