Common use of Section 8—Original Clause in Contracts

Section 8—Original. This Guaranty shall be binding upon the Guarantor and upon its successors and assigns and shall inure to the benefit of and be enforceable by the Guaranteed Party and their successors and assigns; provided, however, that the Guarantor may not assign or transfer any of its rights or obligations hereunder without the prior written consent of the Guaranteed Party. The assignment rights of the Guaranteed Party will be in accordance with any applicable terms of the Agreement.

Section 8—Original. This Guaranty shall be binding upon the Guarantor and upon its successors and assigns and shall inure to the benefit of and be enforceable by the Guaranteed BeneficiaryGuaranteed Party and their itstheir successors and assigns; provided, however, that the Guarantor may not assign or transfer any of its rights or obligations hereunder without the prior written consent of the Beneficiary.Guaranteed Party. The assignment rights of the Guaranteed BeneficiaryGuaranteed Party will be in accordance with any applicable terms of the Agreement.