Common use of Continuing Guaranty; Transfer of Interest Clause in Contracts

Continuing Guaranty; Transfer of Interest. This Guaranty shall create a continuing guaranty and will (i) remain in full force and effect until payment and performance in full and satisfaction of the Guaranteed Obligations, (ii) be binding upon Guarantor and its successors and assigns, and (iii) inure, together with the rights and remedies of PSLT-ALS Holdings hereunder, to the benefit of PSLT-ALS Holdings and its successors, as permitted under the Agreement Regarding Leases. Without limiting the generality of the foregoing clause, if and when PSLT-ALS Holdings assigns or otherwise transfers any interest held by it under the Agreement Regarding Leases to any other person, that other person shall thereupon become vested with all the benefits held by PSLT-ALS Holdings under this Guaranty.

Continuing Guaranty; Transfer of Interest. This Guaranty and Agreement shall create a continuing guaranty and will (i) remain in full force and effect until payment and performance in full and satisfaction of the Guaranteed Obligations, (ii) be binding upon Guarantor and its successors and assigns, and (iii) inure, together with the rights and remedies of PSLT-ALS BLC Holdings hereunder, to the benefit of PSLT-ALS BLC Holdings and its successors, as permitted under the Agreement Regarding Leases. Without limiting the generality of the foregoing clause, if and when PSLT-ALS BLC Holdings assigns or otherwise transfers any interest held by it under the Agreement Regarding Leases to any other person, that other person shall thereupon become vested with all the benefits held by PSLT-ALS BLC Holdings under this GuarantyGuaranty and Agreement.