Successions or Assignments. (a) This Guaranty shall inure to the benefit of the successors or assigns of the Banks who shall have, to the extent of their interest, the rights of the Banks hereunder; provided, however, that the rights of the Banks hereunder, if any be retained by them, shall have priority over and be senior to the rights of its successors or assigns unless Administrative Agent shall otherwise elect.
Appears in 3 contracts
Samples: Subordination Agreement (Calpine Corp), Credit Agreement (Calpine Corp), Security Agreement (Calpine Corp)
Successions or Assignments. (a) This Guaranty shall inure to the benefit of the successors or assigns of the Banks who shall have, to the extent of their interest, the rights of the Banks hereunder; provided, however, that the rights of the Banks hereunder, if any be retained by them, shall have priority over and be senior to the rights of its successors or assigns unless Administrative Agent shall otherwise elect.
Appears in 3 contracts
Samples: Equity Contribution (Teco Energy Inc), Teco Energy Inc, Teco Energy Inc
Successions or Assignments. (a) This Guaranty shall inure to the benefit of the successors or assigns of the Bridge Banks who shall have, to the extent of their interest, the rights of the Bridge Banks hereunder; provided, however, that the rights of the Banks hereunder, if any be retained by them, shall have priority over and be senior to the rights of its successors or assigns unless Administrative Agent shall otherwise elect.
Appears in 2 contracts
Samples: Equity Bridge Guaranty (Teco Energy Inc), Equity Bridge Guaranty (Teco Energy Inc)
