Common use of Heirs, Successors and Assigns; Participations Clause in Contracts

Heirs, Successors and Assigns; Participations. The terms of this Payment Guaranty shall bind and benefit the heirs, legal representatives, successors and assigns of Administrative Agent, each Guaranteed Party and each Permitted Affiliate; provided, however, that no Permitted Affiliate may assign this Payment Guaranty, or assign or delegate any of its rights or obligations under this Payment Guaranty, without the prior written consent of Administrative Agent in accordance with the terms of the Agreement. Each Lender shall have the right to transfer its Commitment and its outstanding Loans to any other Person on the terms and subject to the conditions set forth in Section 10.5 of the Agreement. Without the consent of or notice to any Permitted Affiliate, Administrative Agent and the other Guaranteed Parties may disclose to any prospective or actual purchasers of any interest in any Loan or any other loans made by Lenders to Borrower (in the case of a prospective purchase of an interest in the Loans or any other loan, upon Lender’s receiving its standard confidentiality letter from the prospective purchaser of the interest in the Loan or any other loan), any financial or other information relating to any Permitted Affiliate, this Payment Guaranty or any security that may at any time be given for this Payment Guaranty.

Heirs, Successors and Assigns; Participations. The terms of this Payment Guaranty shall bind and benefit the heirs, legal representatives, successors and assigns of Administrative Agent, each Guaranteed Party and each Permitted AffiliateGuarantor; provided, however, that no Permitted Affiliate Guarantor may not assign this Payment Guaranty, or assign or delegate any of its rights or obligations under this Payment Guaranty, without the prior written consent of Administrative Agent in accordance Agent, given only with the terms consent of all of the Agreementother Guaranteed Parties in each instance. Each Lender shall have the right to transfer its Commitment and its outstanding Loans to any other Person on the terms and subject to the conditions set forth in Section 10.5 of the Agreement. Without the consent of or notice to any Permitted AffiliateGuarantor, Administrative Agent and the other Guaranteed Parties may disclose to any prospective or actual purchasers of any interest in any Loan or any other loans made by Lenders to Borrower (in the case of a prospective purchase of an interest in the Loans or any other loan, upon Lender’s receiving its standard confidentiality letter from the prospective purchaser of the interest in the Loan or any other loan), any financial or other information relating to any Permitted AffiliateGuarantor, this Payment Guaranty or any security that may at any time be given for this Payment Guaranty.