Common use of Continuing Guarantee; Assignments Clause in Contracts

Continuing Guarantee; Assignments. The guarantee of the Company set forth in Section 7.01 is a continuing guarantee and shall (a) remain in full force and effect until the later of (i) the payment in full in cash of all of the Guaranteed Obligations and all other amounts payable under this Article VII and (ii) the Termination Date, (b) be binding upon the Company, its successors and assigns, (c) inure to the benefit of and be enforceable by each Lender and the Administrative Agent and their respective successors, transferees and assigns and (d) be reinstated if at any time any payment to a Lender or the Administrative Agent hereunder is required to be returned by such Lender or the Administrative Agent, as the case may be. Without limiting the generality of clause (c) of the immediately preceding sentence, each Lender may assign or otherwise transfer all or a portion of its rights and obligations under this Agreement (including, without limitation, the Revolving Credit Advances owing to it, the Discounted Notes purchased by it and any other Notes held by it) to any other Person, and such other Person shall thereupon become vested with all of the benefits in respect thereof granted to such Lender under this Article VII or otherwise, in each case as provided in Section 9.07.

Continuing Guarantee; Assignments. The guarantee of the Company set forth in Section 7.01 This Guarantee is a --------------------------------- continuing guarantee and shall (a) remain in full force and effect until the later latest of (i) the payment in full in cash of all of the Guaranteed Obligations and all of the other amounts payable under this Article VII Guarantee, (ii) the expiration or termination of all of the Bank Hedge Agreements and (iiiii) the Termination Date, (b) be binding upon Holdings and each of the Company, its Borrowers and their respective successors and assigns, assigns and (c) inure to the benefit of of, and be enforceable by each Lender and by, the Administrative Agent and the other Secured Parties and their respective successors, transferees and assigns and (d) be reinstated if at any time any payment to a Lender or the Administrative Agent hereunder is required to be returned by such Lender or the Administrative Agent, as the case may beassigns. Without limiting the generality of clause (c) of the immediately preceding sentence, each Lender any of the Lenders may assign or otherwise transfer all or a any portion of its rights and obligations under this Agreement (including, without limitation, all or any portion of its Commitment or Commitments, the Revolving Credit Advances owing to it, the Discounted Notes purchased by it and any other the Note or Notes held by it) to any other Person, and such other Person shall thereupon become vested with all of the benefits in respect thereof granted to such Lender under this Article VII VI or otherwise, in each case as provided in Section 9.079.08.

Continuing Guarantee; Assignments. The guarantee of the Company set forth in Section 7.01 is a continuing guarantee and shall (a) remain in full force and effect until the later of (i) the indefeasible payment in full in cash of all of the Guaranteed Obligations and all other amounts payable under this Article VII and (ii) the Termination Date, (b) be binding upon the Company, its successors and assigns, (c) inure to the benefit of and be enforceable by each Lender and the Administrative Agent and their respective successors, transferees and assigns and (d) be reinstated if at any time any payment to a Lender or the Administrative Agent hereunder is required to be returned by such Lender or the Administrative Agent, as the case may be. Without limiting the generality of clause (c) of the immediately preceding sentence, each Lender may assign or otherwise transfer all or a portion of its rights and obligations under this Agreement (including, without limitation, the Revolving Credit Advances owing to it, the Discounted Notes purchased by it and any other Notes held by it) to any other Person, and such other Person shall thereupon become vested with all of the benefits in respect thereof granted to such Lender under this Article VII or otherwise, in each case as provided in Section 9.07.