Continuing Guaranty; Assignments. This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the latest of (i) the payment in full in cash of all amounts payable under this Guaranty and (ii) the Expiration Date, (b) be binding upon each Account Party, its successors and assigns and (c) inure to the benefit of and be enforceable by the Banks and their successors, transferees and assigns. Without limiting the generality of clause (c) of the immediately preceding sentence, any Bank may assign or otherwise transfer all or any portion of its rights and obligations under this Agreement (including, without limitation, all or any portion of its Letter of Credit Participating Interest Commitment and the Advances owing to it) to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Bank herein or otherwise, in each case as and to the extent provided in Section 9.07.
Appears in 6 contracts
Samples: Reimbursement Agreement (Ace LTD), Reimbursement Agreement (Ace LTD), Reimbursement Agreement (Ace LTD)
Continuing Guaranty; Assignments. This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the latest 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 Expiration Termination Date, (b) be binding upon each Account PartyGuarantor, its successors and assigns and (c) inure to the benefit of and be enforceable by the Banks Lenders, the Agent and their successors, transferees and assigns. Without limiting the generality of the foregoing clause (c) of the immediately preceding sentence), any Bank Lender may assign or otherwise transfer all or any portion of its rights and obligations under this Agreement hereunder (including, without limitation, all or any portion of its Letter of Credit Participating Interest Commitment and Commitment, the Advances owing to it and 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 Bank Lender herein or otherwise, in each case as and to the extent provided in Section 9.07.
Appears in 4 contracts
Samples: 364 Day Credit Agreement (Telecomunicaciones De Puerto Rico Inc), 364 Day Credit Agreement (Telecomunicaciones De Puerto Rico Inc), Revolving Credit Agreement (Telecomunicaciones De Puerto Rico Inc)
Continuing Guaranty; Assignments. This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the latest of (i) the payment in full in cash of all amounts Obligations payable under this Guaranty Agreement and (ii) the Expiration Final Expiry Date, (b) be binding upon each Account Partythe Guarantors, its their successors and assigns and (c) inure to the benefit of and be enforceable by the Banks Lenders and their successors, transferees and assigns. Without limiting the generality of clause (c) of the immediately preceding sentence, any Bank Lender may assign or otherwise transfer all or any portion of its rights and obligations under this Agreement (including, without limitation, all or any portion of its Letter of Credit Participating Interest Commitment and the Advances owing to it) to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Bank Lender herein or otherwise, in each case as and to the extent provided in Section 9.0711.6(b).
Appears in 3 contracts
Samples: Credit Agreement (Platinum Underwriters Holdings LTD), Credit Agreement (Platinum Underwriters Holdings LTD), Credit Agreement (Platinum Underwriters Holdings LTD)
Continuing Guaranty; Assignments. This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the latest of (i) the payment in full in cash of all amounts payable under this Guaranty and (ii) the Expiration Termination Date, (b) be binding upon each Account PartyBorrower, its successors and assigns and (c) inure to the benefit of and be enforceable by the Banks Lenders and their successors, transferees and assigns. Without limiting the generality of clause (c) of the immediately preceding sentence, any Bank Lender may assign or otherwise transfer all or any portion of its rights and obligations under this Agreement (including, without limitation, all or any portion of its Letter of Credit Participating Interest Commitment and Commitments, the Advances owing to it and 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 Bank Lender herein or otherwise, in each case as and to the extent provided in Section 9.079.
Appears in 2 contracts
Samples: Credit Agreement (Ace LTD), Credit Agreement (Ace LTD)
Continuing Guaranty; Assignments. This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the latest later of (i) the payment in full in cash of all amounts Obligations payable under this Guaranty Agreement and (ii) the LC Expiration Date, (b) be binding upon each Account Partythe Borrower, its successors and assigns and (c) inure to the benefit of and be enforceable by the Banks Lenders and the Administrative Agent and their successors, transferees and assigns. Without limiting the generality of clause (c) of the immediately preceding sentence, any Bank Lender may assign or otherwise transfer all or any portion of its rights and obligations under this Agreement (including, without limitation, all or any portion of its Letter of Credit Participating Interest Commitment and the Advances owing to it) to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Bank Lender herein or otherwise, in each case as and to the extent provided in Section 9.0711.6.
Appears in 2 contracts
Samples: Credit Agreement (Renaissancere Holdings LTD), Credit Agreement (Renaissancere Holdings LTD)
Continuing Guaranty; Assignments. This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the latest of (i) the payment in full in cash of all amounts payable under this Guaranty and (ii) the Expiration Termination Date, (b) be binding upon each Account PartyGuarantor, its successors and assigns and (c) inure to the benefit of and be enforceable by the Banks Lenders and their successors, transferees and assigns. Without limiting the generality of clause (c) of the immediately preceding sentence, any Bank Lender may assign or otherwise transfer all or any portion of its rights and obligations under this Agreement (including, without limitation, all or any portion of its Letter of Credit Participating Interest Commitment and Commitments, the Advances owing to it and 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 Bank Lender herein or otherwise, in each case as and to the extent provided in Section 9.07.
Appears in 2 contracts
Samples: 364 Day Credit Agreement (Ace LTD), Credit Agreement (Ace LTD)
Continuing Guaranty; Assignments. This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the latest of (i) the payment in full in cash of all amounts payable under this Guaranty and (ii) the Expiration Termination Date, (b) be binding upon each Account PartyGuarantor, its successors and assigns and (c) inure to the benefit of and be enforceable by the Banks Lenders and their successors, transferees and assigns. Without limiting the generality of clause (c) of the immediately preceding sentence, any Bank Lender may assign or otherwise transfer all or any portion of its rights and obligations under this Agreement (including, without limitation, all or any portion of its Letter of Credit Participating Interest Commitment and Commitments, the Advances owing to it and 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 Bank Lender herein or otherwise, in each case as and to the extent provided in Section Sections 9.06 and 9.07.
Appears in 2 contracts
Samples: Credit Agreement (Ace LTD), Credit Agreement (Ace LTD)
Continuing Guaranty; Assignments. This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the latest 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 Expiration Termination Date, (b) be binding upon each Account Partythe Guarantor, its successors and assigns and (c) inure to the benefit of and be enforceable by the Banks Lenders, the Co-Agents, the Administrative Agent and their successors, transferees and assigns. Without limiting the generality of the foregoing clause (c) of the immediately preceding sentence), any Bank Lender may assign or otherwise transfer all or any portion of its rights and obligations under this Agreement hereunder (including, without limitation, all or any portion of its Letter of Credit Participating Interest Commitment and Commitment, the Advances owing to it and 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 Bank Lender herein or otherwise, in each case as and to the extent provided in Section 9.07.
Appears in 1 contract
Samples: Credit Agreement (Imc Global Inc)
Continuing Guaranty; Assignments. This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the latest of (i) the payment in full in cash of all amounts payable under this Guaranty and (ii) the Expiration Maturity Date, (b) be binding upon each Account PartyGuarantor, its successors and assigns and (c) inure to the benefit of and be enforceable by the Banks Lenders and their successors, transferees and assigns. Without limiting the generality of clause (c) of the immediately preceding sentence, any Bank Lender may assign or otherwise transfer all or any portion of its rights and obligations under this Agreement (including, without limitation, including all or any portion of its Letter of Credit Participating Interest Commitment and 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 Bank Lender herein or otherwise, in each case as and to the extent provided in Section 9.06 and Section 9.07.
Appears in 1 contract
Samples: Term Loan Agreement (Ace LTD)
Continuing Guaranty; Assignments. This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the latest of (i) the payment in full in cash of all amounts payable under this Guaranty and (ii) the Expiration Termination Date, (b) be binding upon each Account PartyGuarantor, its successors and assigns and (c) inure to the benefit of and be enforceable by the Banks Lenders and their successors, transferees and assigns. Without limiting the generality of clause (c) of the immediately preceding sentence, any Bank Lender may assign or otherwise transfer all or any portion of its rights and obligations under this Agreement (including, without limitation, including all or any portion of its Letter of Credit Participating Interest Commitment and Commitments, the Advances owing to it and 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 Bank Lender herein or otherwise, in each case as and to the extent provided in Section Sections 9.06 and 9.07.
Appears in 1 contract
Samples: Credit Agreement (Ace LTD)
Continuing Guaranty; Assignments. This Guaranty The guaranty set forth in this Section 8 is a continuing guaranty and shall (a) remain in full force and effect until the latest of (i) the payment in full in cash of all amounts payable under this Guaranty hereunder and (ii) the Expiration Date, termination or expiration of the Commitment; (b) be binding upon each Account PartyGuarantor, its successors and assigns and (c) inure to the benefit of and be enforceable by the Banks Bank and their its successors, transferees and assigns. Without limiting the generality of clause (c) of the immediately preceding sentence, any the Bank may may, subject to Section 9.8, assign or otherwise transfer all or any portion of its rights and obligations under this Agreement (including, without limitation, including all or any portion of its Letter of Credit Participating Interest the Commitment and the Advances owing to itLoans) to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such the Bank herein or otherwise, in each case as and to the extent provided in Section 9.07.
Appears in 1 contract
Samples: Credit Agreement (Ace LTD)
Continuing Guaranty; Assignments. This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the latest of (i) the payment in full in cash of all amounts payable under this Guaranty and (ii) the final Expiration Date, (b) be binding upon each Account Party, its successors and assigns and (c) inure to the benefit of and be enforceable by the Banks and their successors, transferees and assigns. Without limiting the generality of clause (c) of the immediately preceding sentence, any Bank may assign or otherwise transfer all or any portion of its rights and obligations under this Agreement (including, without limitation, all or any portion of its Letter of Credit Participating Interest Commitment and the Advances owing to it) to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Bank herein or otherwise, in each case as and to the extent provided in Section 9.07. No Account Party shall have the right to assign its rights hereunder or any interest herein without the prior written consent of the Required Banks.
Appears in 1 contract
Samples: Reimbursement Agreement (Ace LTD)
Continuing Guaranty; Assignments. This Guaranty is a -------------------------------- continuing guaranty and shall (a) remain in full force and effect until the latest of (i) the payment in full in cash of all amounts payable under this Guaranty and (ii) the final Expiration Date, (b) be binding upon each Account Party, its successors and assigns and (c) inure to the benefit of and be enforceable by the Banks and their successors, transferees and assigns. Without limiting the generality of clause (c) of the immediately preceding sentence, any Bank may assign or otherwise transfer all or any portion of its rights and obligations under this Agreement (including, without limitation, all or any portion of its Letter of Credit Participating Interest Commitment and the Advances owing to it) to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Bank herein or otherwise, in each case as and to the extent provided in Section 9.07.
Appears in 1 contract
Samples: Reimbursement Agreement (Ace LTD)
Continuing Guaranty; Assignments. This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the latest later of (i) the payment in full in cash of all amounts payable under this Guaranty the Guaranteed Obligations and (ii) the Expiration Termination Date, (b) be binding upon each Account Partythe Company, its successors and assigns and (c) inure to the benefit of and be enforceable by the Banks Agent and the Lenders and their successors, transferees and assigns. Without limiting the generality of clause (c) of the immediately preceding sentence, the Agent or any Bank Lender may assign or otherwise transfer all or any portion of its rights and obligations under this Agreement (including, without limitation, all or any portion of its Letter of Credit Participating Interest Commitment and Commitments, the Advances owing to it and 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 Bank 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.
Appears in 1 contract
Samples: Credit Agreement (Olin Corp)
Continuing Guaranty; Assignments. This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the latest of (i) the payment in full in cash of all amounts payable under this Guaranty and (ii) the final Expiration Date, (b) be binding upon each Account Party, its successors and assigns and (c) inure to the benefit of and be enforceable by the Banks and their successors, transferees and assigns. Without limiting the generality of clause (c) of the immediately preceding sentence, any Bank may assign or otherwise transfer all or any portion of its rights and obligations under this Agreement (including, without limitation, all or any portion of its Letter of Credit Participating Interest Commitment and the Advances owing to it) to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Bank herein or otherwise, in each case as and to the extent provided in Section 9.07.
Appears in 1 contract
Samples: Reimbursement Agreement (Ace LTD)
Continuing Guaranty; Assignments. This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the latest 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 Expiration Termination Date, (b) be binding upon each Account Partythe Company, its successors and assigns and (c) inure to the benefit of and be enforceable by the Banks Lenders, the Administrative Agent and their successors, transferees and assigns. Without limiting the generality of the foregoing clause (c) of the immediately preceding sentence), any Bank Lender may assign or otherwise transfer all or any portion of its rights and obligations under this Agreement hereunder (including, without limitation, all or any portion of its Letter of Credit Participating Interest Commitment and Commitments, the Advances owing to it and 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 Bank Lender herein or otherwise, in each case as and to the extent provided in Section 9.07.
Appears in 1 contract
Samples: Credit Agreement (WHX Corp)
Continuing Guaranty; Assignments. This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the latest of (i) the payment in full in cash of all amounts payable under this Guaranty and (ii) the Expiration Date, (b) be binding upon each Account Party, its successors and assigns and (c) inure to the benefit of and be enforceable by the Banks and their successors, transferees and assigns. Without limiting the generality of clause (c) of the immediately preceding sentence, any Bank may assign or otherwise transfer all or any portion of its rights and obligations under this Agreement (including, without limitation, including all or any portion of its Letter of Credit Participating Interest Commitment and the Advances owing to it) to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Bank herein or otherwise, in each case as and to the extent provided in Section 9.07.
Appears in 1 contract
Samples: Reimbursement Agreement (Ace LTD)