Common use of Continuing Guaranty; Assignments Clause in Contracts

Continuing Guaranty; Assignments. This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the later of the cash payment in full of the Obligations and all other amounts payable under this Guaranty and 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 (including each assignee Lender pursuant to Section 9.07) and the Agent and their respective successors, transferees and assigns and (d) shall be reinstated if at any time any payment to a Lender or the Agent hereunder is required to be restored by such Lender or the Agent. Without limiting the generality of the foregoing clause (c), each Lender may assign or otherwise transfer all or any portion of its rights and obligations hereunder (including, without limitation, all or any portion of its Commitment, the Advances owing to it and any Note held by it) to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Lender herein or otherwise, in each case as provided in Section 9.07.

Continuing Guaranty; Assignments. This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the later of (i) the cash payment in full in cash of the Guaranteed Obligations and all other amounts payable under this Guaranty and (ii) the Termination Date, (b) be binding upon the Company, its successors and assigns, assigns and (c) inure to the benefit of and be enforceable by each Lender (including each assignee Lender pursuant to Section 9.07) the Administrative Agent and the Agent Lenders and their respective successors, transferees and assigns and (d) shall be reinstated if at any time any payment to a Lender or the Agent hereunder is required to be restored by such Lender or the Agentassigns. Without limiting the generality of the foregoing clause (c)) of the immediately preceding sentence, each the Administrative Agent or any Lender may assign or otherwise transfer all or any portion of its rights and obligations hereunder under this Agreement (including, without limitation, all or any portion of its CommitmentCommitments, the Advances owing to it and any the Note or Notes held by it) to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to the Administrative Agent or such Lender herein or otherwise, in each case as and to the extent provided in Section 9.079.02. The Guarantor shall not have the right to assign its rights hereunder or any interest herein without the prior written consent of the Administrative Agent and the Lenders.

Continuing Guaranty; Assignments. This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the later of (i) the cash payment in full in cash of the Guaranteed Obligations and all other amounts payable under this Guaranty and (ii) the Termination Date, (b) be binding upon the Company, its successors and assigns, assigns and (c) inure to the benefit of and be enforceable by each Lender (including each assignee Lender pursuant to Section 9.07) and the Agent Lenders and their respective successors, transferees and assigns and (d) shall be reinstated if at any time any payment to a Lender or the Agent hereunder is required to be restored by such Lender or the Agentassigns. Without limiting the generality of the foregoing clause (c)) of the immediately preceding sentence, each any Lender may assign or otherwise transfer all or any portion of its rights and obligations hereunder under this Agreement (including, without limitation, all or any portion of its CommitmentCommitments, the Advances owing to it and any the Note or Notes, if any, held by it) to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Lender herein or otherwise, in each case as and to the extent provided in Section 9.07. The Company shall not have the right to assign its rights hereunder or any interest herein without the prior written consent of the Lenders.

Continuing Guaranty; Assignments. This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the later latest of (i) the cash payment in full of the Guaranteed Obligations and all other amounts payable under this Guaranty and Guaranty, (ii) the Termination DateDate and (iii) the latest date of expiration or termination of all Letters of Credit, (b) be binding upon the CompanyParent Guarantor, its successors and assigns, assigns and (c) inure to the benefit of and be enforceable by each the Lender (including each assignee Lender pursuant to Section 9.07) and Parties, the Administrative Agent and their respective successors, transferees and assigns and (d) shall be reinstated if at any time any payment to a Lender or the Agent hereunder is required to be restored by such Lender or the Agentassigns. Without limiting the generality of the foregoing clause (c), each any Lender Party may assign or otherwise transfer all or any portion of its rights and obligations hereunder (including, without limitation, all or any portion of its Commitment, the Advances owing to it and any the Note or Notes held by it) to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Lender herein or otherwise, in each case as provided in Section 9.07. The Parent Guarantor shall not have the right to assignment rights hereunder or any interest herein without the prior written consent of the Administrative Agent.

Continuing Guaranty; Assignments. This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the later of (i) the cash payment in full in cash of the Guaranteed Obligations and all other amounts payable under this Guaranty and (ii) the Termination Date, (b) be binding upon the Company, its successors and assigns, assigns and (c) inure to the benefit of and be enforceable by each Lender (including each assignee Lender pursuant to Section 9.07) and the Agent and the Lenders and their respective successors, transferees and assigns and (d) shall be reinstated if at any time any payment to a Lender or the Agent hereunder is required to be restored by such Lender or the Agentassigns. Without limiting the generality of the foregoing clause (c)) of the immediately preceding sentence, each the Agent or any Lender may assign or otherwise transfer all or any portion of its rights and obligations hereunder under this Agreement (including, without limitation, all or any portion of its CommitmentCommitments, the Advances owing to it and any the Note or Notes held by it) to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to the Agent or such Lender herein or otherwise, in each case as and to the extent provided in Section 9.079.02. The Guarantor shall not have the right to assign its rights hereunder or any interest herein without the prior written consent of the Agent and the Lenders.

Continuing Guaranty; Assignments. This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the later of (i) the cash payment in full in cash of the Guaranteed Obligations and all other amounts payable under this Guaranty and (ii) the latest Termination Date, (b) be binding upon the CompanyGuarantors, its their respective successors and assigns, assigns and (c) inure to the benefit of and be enforceable by each Lender (including each assignee Lender pursuant to Section 9.07) the Administrative Agent and the Agent Lenders and their respective successors, transferees and assigns and (d) shall be reinstated if at any time any payment to a Lender or the Agent hereunder is required to be restored by such Lender or the Agentassigns. Without limiting the generality of the foregoing clause (c)) of the immediately preceding sentence, each the Administrative Agent or any Lender may assign or otherwise transfer all or any portion of its rights and obligations hereunder under this Agreement (including, without limitation, including all or any portion of its CommitmentCommitments, the Advances owing to it and any the Note or Notes held by it) to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to the Administrative Agent or such Lender herein or otherwise, in each case as and to the extent provided in Section 9.079.02. No Guarantor shall have the right to assign its rights hereunder or any interest herein without the prior written consent of the Administrative Agent and the Lenders.

Continuing Guaranty; Assignments. This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the later latest of (i) the cash payment in full of the Guaranteed Obligations and all other amounts payable under this Guaranty and Guaranty, (ii) the Termination DateDate and (iii) the latest date of expiration or termination of all Letters of Credit, (b) be binding upon the Companyeach Guarantor, its successors and assigns, assigns and (c) inure to the benefit of and be enforceable by each the Lender (including each assignee Lender pursuant to Section 9.07) and Parties, the Administrative Agent and their respective successors, and permitted transferees and assigns and (d) shall be reinstated if at any time any payment to a Lender or the Agent hereunder is required to be restored by such Lender or the Agentassigns. Without limiting the generality of the foregoing clause (c), each any Lender Party may assign or otherwise transfer all or any portion of its rights and obligations hereunder (including, without limitation, all or any portion of its Commitment, the Advances owing to it and any the Note or Notes held by it) to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Lender herein or otherwise, in each case as provided in Section 9.07. No Guarantor shall have the right to assign its rights hereunder or any interest herein without the prior written consent of the Administrative Agent.

Continuing Guaranty; Assignments. This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the later of the cash payment in full in cash of the Guaranteed Obligations and all other amounts payable under this Guaranty and the Termination DateGuaranty, (b) be binding upon the CompanyGuarantor, its successors and assigns, assigns and (c) inure to the benefit of and be enforceable by each Lender (including each assignee Lender pursuant to Section 9.07) the Administrative Agent and the Agent Lenders and their respective successors, transferees and assigns and (d) shall be reinstated if at any time any payment to a Lender or the Agent hereunder is required to be restored by such Lender or the Agentassigns. Without limiting the generality of the foregoing clause (c)) of the immediately preceding sentence, each the Administrative Agent or any Lender may assign or otherwise transfer all or any portion of its rights and obligations hereunder under this Guaranty (including, without limitation, all or any portion of its Commitment, Commitments and the Advances owing to it and any Note held by it) to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to the Administrative Agent or such Lender herein or otherwise, in each case as and to the extent provided in Section 9.07Sections 8.06 or 9.07 of the Credit Agreement, as the case may be.

Continuing Guaranty; Assignments. This Guaranty Article is a continuing guaranty and shall (a) remain in full force and effect until the later of (i) the cash payment in full of the Guaranteed Obligations (other than indemnification obligations as to which no claim has been made and any Obligations under the Warrant and the Registration Rights Agreement) and all other amounts payable under this Guaranty Article and (ii) the Termination Final Maturity Date, (b) be binding upon the Companyeach Guarantor, its successors and assigns, assigns and (c) inure to the benefit of and be enforceable by each Lender (including each assignee Lender pursuant to Section 9.07) Administrative Agent and the Agent Lenders and their respective successors, pledgees, transferees and assigns and (d) shall be reinstated if at any time any payment to a Lender or the Agent hereunder is required to be restored by such Lender or the Agentassigns. Without limiting the generality of the foregoing clause (c), each any Lender may pledge, assign or otherwise transfer all or any portion of its rights and obligations hereunder under this Agreement (including, without limitation, including all or any portion of its Commitment, Commitment or the Advances owing to it and any Note held by itLoans) to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Lender herein or otherwise, in each case as provided in Section 9.0711.07.

Continuing Guaranty; Assignments. This Guaranty Agreement is a continuing guaranty and shall (a) remain in full force and effect until the later earlier of the indefeasible cash payment in full of the Guaranteed Obligations and all other amounts payable under this Guaranty Agreement, the Subscription Agreement and Convertible Notes or the Termination Dateconversion of the Guaranteed Obligations and all other amounts payable under this Agreement, the Subscription Agreement and Convertible Notes into shares of common stock, $.001 par value per share (the "Common Stock"), of Savoy Resources, (b) be binding upon the CompanyGuarantor, its successors and assigns, and (c) inure to the benefit of and be enforceable by each Lender (including each assignee Lender pursuant to Section 9.07) Collateral Agent and the Agent Lenders and their respective successors, pledgees, transferees and assigns and (d) shall be reinstated if at any time any payment to a Lender or the Agent hereunder is required to be restored by such Lender or the Agentassigns. Without limiting the generality of the foregoing clause (c), each the Collateral Agent and any Lender may pledge, assign or otherwise transfer all or any portion of its rights and obligations hereunder under this Agreement (including, without limitation, all or any portion of its Commitment, the Advances Convertible Notes owing to it and any Note held by it) to any other Personperson, and such other Person person shall thereupon become vested with all the benefits in respect thereof granted to such Collateral Agent or Lender herein or otherwise, in each case as provided in Section 9.07.

Continuing Guaranty; Assignments. This Guaranty is a -------------------------------- continuing guaranty and shall (a) remain in full force and effect until the later of the cash payment in full of the Guaranteed Obligations and all other amounts payable under this Guaranty and the Revolver Termination Date, (b) be binding upon the Company, its successors successors, and assigns, assigns and (c) inure to the benefit of and be enforceable by each Lender (including each assignee Lender pursuant to Section 9.07) and the Lenders, the Administrative Agent and their respective successors, transferees and assigns and (d) shall be reinstated if at any time any payment to a Lender or the Agent hereunder is required to be restored by such Lender or the Agentassigns. Without limiting the generality of the foregoing clause (c), each any Lender may assign or otherwise transfer all or any portion of its rights and obligations hereunder (including, without limitation, all or any portion of its Commitment, the Advances owing to it and any the Note or Notes held by it) to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Lender herein or otherwise, in each case as provided in Section 9.07.

Continuing Guaranty; Assignments. This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the later of (i) the cash payment in full in cash of the Guaranteed Obligations and all other amounts payable under this Guaranty and (ii) the Termination Date, (b) be binding upon the Company, its successors and assigns, assigns and (c) inure to the benefit of and be enforceable by each Lender (including each assignee Lender pursuant to Section 9.07) and the Agent and the Lenders and their respective successors, transferees and assigns and (d) shall be reinstated if at any time any payment to a Lender or the Agent hereunder is required to be restored by such Lender or the Agentassigns. Without limiting the generality of the foregoing clause (c)) of the immediately preceding sentence, each the Agent or any Lender may assign or otherwise transfer all or any portion of its rights and obligations hereunder under this Agreement (including, without limitation, all or any portion of its CommitmentCommitments, the Advances owing to it and any the Note or Notes held by it) to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to the Agent or such Lender herein or otherwise, in each case as and to the extent provided in Section 9.07. No Guarantor shall have the right to assign its rights hereunder or any interest herein without the prior written consent of the Agent and the Lenders.

Continuing Guaranty; Assignments. This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the later latest of (i) the cash payment in full of the Guaranteed Obligations and all other amounts payable under this Guaranty and Guaranty, (ii) the Termination DateDate and (iii) the latest date of expiration or termination of all Letters of Credit, (b) be binding upon the Companyeach Guarantor, its successors and assigns, assigns and (c) inure to the benefit of and be enforceable by each the Lender (including each assignee Lender pursuant to Section 9.07) and Parties, the Administrative Agent and their respective successors, transferees and assigns and (d) shall be reinstated if at any time any payment to a Lender or the Agent hereunder is required to be restored by such Lender or the Agentassigns. Without limiting the generality of the foregoing clause (c), each any Lender Party may assign or otherwise transfer all or any portion of its rights and obligations hereunder (including, without limitation, all or any portion of its Commitment, the Advances owing to it and any the Note or Notes held by it) to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Lender herein or otherwise, in each case as provided in Section 9.07. No Guarantor shall have the right to assign its rights hereunder or any interest herein without the prior written consent of the Administrative Agent.