Common use of Lender Assigns Clause in Contracts

Lender Assigns. This Guaranty is intended for and shall inure to the --------------- benefit of Lender and each and every person who shall from time to time be or become the owner or holder of any document evidencing or securing the indebtedness, and each and every reference herein to Lender shall include and refer to each and every successor or assignee of Lender at any time holding or owning any part of or interest in any part of the indebtedness. This Guaranty shall be transferable and negotiable with the same force and effect, and to the same extent, that any document evidencing or securing all or any portion of the indebtedness is transferable and negotiable, it being understood and stipulated that upon assignment or transfer by Lender of any of the indebtedness, the legal holder or owner of said indebtedness (or a part thereof or interest therein thus transferred or assigned by Lender) shall (except as otherwise stipulated by Lender in its assignment) have and may exercise all of the rights granted to Lender under this Guaranty to the extent of that part of or interest in the indebtedness thus assigned or transferred to said person. Guarantor expressly waives notice of transfer or assignment of the indebtedness, or any part thereof, or of the rights of Lender hereunder. Failure to give notice will not affect the liabilities of Guarantor hereunder.

Appears in 1 contract

Samples: Guaranty Agreement (American Leisure Holdings, Inc.)

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Lender Assigns. This Guaranty is intended for and shall inure to the --------------- benefit of Lender and each and every person who shall from time to time be or become the owner or holder of any document evidencing or securing the indebtedness, and each and every reference herein to Lender shall include and refer to each and every successor or assignee of Lender at any time holding or owning any part of or interest in any part of the indebtedness. This Guaranty shall be transferable and negotiable with the same force and effect, and to the same extent, that any document evidencing or securing all or any portion of the indebtedness is transferable and negotiable, it being understood and stipulated that upon assignment or transfer by Lender of any of the indebtedness, the legal holder or owner of said indebtedness (or a part thereof or interest therein thus transferred or assigned by Lender) shall (except as otherwise stipulated by Lender in its assignment) have and may exercise all of the rights granted to Lender under this Guaranty to the extent of that part of or interest in the indebtedness thus assigned or transferred to said person. Guarantor expressly waives notice of transfer or assignment of the indebtedness, or any part thereof, or of the rights of Lender hereunder. Failure to give notice will not affect the liabilities of Guarantor hereunder.

Appears in 1 contract

Samples: Guaranty Agreement (American Leisure Holdings, Inc.)

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Lender Assigns. This Guaranty is intended for and shall inure to the --------------- benefit of Lender and each and every person who shall from time to time be or become the owner or holder of any document evidencing or securing the indebtednessIndebtedness, and each and every reference herein to Lender shall include and refer to each and every successor or assignee of Lender at any time holding or owning any part of or interest in any part of the indebtednessIndebtedness. This Guaranty shall be transferable and negotiable with the same force and effect, and to the same extent, that any document evidencing or securing all or any portion of the indebtedness Indebtedness is transferable and negotiable, it being understood and stipulated that upon assignment or transfer by Lender of any of the indebtednessIndebtedness, the legal holder or owner of said indebtedness Indebtedness (or a part thereof or interest therein thus transferred or assigned by Lender) shall (except as otherwise stipulated by a Lender in its assignment) have and may exercise all of the rights granted to Lender under this Guaranty to the extent of that part of or interest in the indebtedness Indebtedness thus assigned or transferred to said person. Guarantor Guarantors expressly waives waive notice of transfer or assignment of the indebtednessIndebtedness, or any part thereof, or of the rights of Lender hereunder. Failure to give notice will not affect the liabilities of Guarantor Guarantors hereunder.

Appears in 1 contract

Samples: Portfolio Purchase Agreement (Autofund Servicing Inc)

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