Common use of Binding on Successors; No Assignment by Guarantor Clause in Contracts

Binding on Successors; No Assignment by Guarantor. All guaranties, warranties, representations, covenants and agreements in this Guaranty shall bind the successors and assigns of Guarantor and shall benefit Lender, its successors and assigns, and any holder of any part of the Obligation. Guarantor shall not assign or delegate any of its obligations under this Guaranty or any of the Documents without Lender’s express prior written consent.

Appears in 1 contract

Samples: Guaranty (Cellteck Inc.)

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Binding on Successors; No Assignment by Guarantor. All guaranties, warranties, representations, covenants and agreements in this Guaranty shall bind the trustees, beneficiaries, conservators, receivers, successors and assigns of Guarantor and shall benefit Lenderthe Lenders, its the Agent and their successors and assigns, and any holder of any part of the ObligationGuaranteed Debt. Guarantor shall not assign or delegate any of its rights or obligations under this Guaranty or any of the Documents Credit Papers without Lender’s the Agent's express prior written consent.

Appears in 1 contract

Samples: Continuing Guaranty (American Business Financial Services Inc /De/)

Binding on Successors; No Assignment by Guarantor. All guaranties, warranties, representations, covenants and agreements in this Guaranty shall bind the heirs, devisees, executors, administrators, personal representatives, trustees, beneficiaries, conservators, receivers, successors and assigns of Guarantor and shall benefit Lender, its successors and assigns, and any holder of any part of the ObligationDebt. Guarantor shall not assign or delegate any of its obligations under this Guaranty or any of the Credit Documents without Lender’s express prior written consent.

Appears in 1 contract

Samples: Guaranty (American Realty Capital Trust III, Inc.)

Binding on Successors; No Assignment by Guarantor. All guaranties, warranties, representations, covenants and agreements in this Guaranty shall bind the heirs, devisees, executors, administrators, personal representatives, trustees, beneficiaries, conservators, receivers, successors and assigns of Guarantor and shall benefit LenderLenders and Agent, its their respective successors and assigns, and any holder of any part of the ObligationDebt. Guarantor shall not assign or delegate any of its obligations under this Guaranty or any of the Loan Documents without Lender’s express prior written consent.consent of the Majority Lenders. SECTION 6.2

Appears in 1 contract

Samples: Sterling Chemicals Inc

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Binding on Successors; No Assignment by Guarantor. All guaranties, warranties, representations, covenants and agreements in this Guaranty shall bind the heirs, devisees, executors, administrators, personal representatives, trustees, beneficiaries, conservators, receivers, successors and assigns of Guarantor and shall benefit LenderAgent, its Lenders, their successors and assigns, and any holder of any part of the ObligationDebt. Guarantor shall not assign or delegate any of its obligations under this Guaranty or any of the Loan Documents to which it is a party without Lender’s the express prior written consentconsent of the Majority Lenders.

Appears in 1 contract

Samples: Loan Agreement (Natco Group Inc)

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