Common use of Successions or Assignments Clause in Contracts

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. (b) This Guaranty is binding upon Guarantor and its successors or permitted assigns; provided that Guarantor is not entitled to assign its -------- obligations hereunder to any other person without the prior written consent of the Banks and any purported assignment in violation of this provision shall be void.

Appears in 3 contracts

Samples: Contingent Equity Contribution Guaranty (Teco Energy Inc), Equity Contribution Guaranty (Teco Energy Inc), Equity Contribution Guaranty (Teco Energy Inc)

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Successions or Assignments. (a) This Guaranty shall inure to the benefit of the successors or assigns of the Banks Lender Beneficiaries who shall have, to the extent of their interest, the rights of the Banks Lender Beneficiaries hereunder. (b) This Guaranty is binding upon Completion Guarantor and its successors or permitted and assigns; provided that . Completion Guarantor is not entitled to assign its -------- obligations hereunder to any other person without the prior written consent of the Banks person, and any purported assignment in violation of this provision shall be void.

Appears in 2 contracts

Samples: Completion Guaranty (Wynn Las Vegas LLC), Completion Guaranty (Wynn Resorts LTD)

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. (b) This Guaranty is binding upon Guarantor and its successors or permitted assigns; provided that Guarantor is not entitled to assign its -------- obligations hereunder to any other person without the prior written consent of the Bridge Banks and any purported assignment in violation of this provision shall be void.

Appears in 2 contracts

Samples: Equity Bridge Guaranty (Teco Energy Inc), Equity Bridge Guaranty (Teco Energy Inc)

Successions or Assignments. (a) This Guaranty shall inure to the benefit of the successors or assigns of the Banks Beneficiaries who shall have, to the extent of their interest, the rights of the Banks Beneficiaries hereunder. (b) This Guaranty is binding upon Guarantor and its his heirs, executors, administrators, legal representatives, successors or permitted and assigns; provided that . Guarantor is not entitled to assign its -------- his obligations hereunder to any other person without the prior written consent of the Banks person, and any purported assignment in violation of this provision shall be void.

Appears in 1 contract

Samples: Mall Scope Change Guaranty (Las Vegas Sands Inc)

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Successions or Assignments. (a) This Guaranty shall inure to the benefit of the successors or assigns of the Banks Lender Beneficiaries who shall have, to the extent of their interest, the rights of the Banks Lender Beneficiaries hereunder. (b) This Guaranty is binding upon Completion Guarantor and its successors or permitted assigns; provided that successors. Completion Guarantor is not entitled to assign its -------- obligations hereunder to any other person without the prior written consent of the Banks or entity, and any purported assignment in violation of this provision shall be void.

Appears in 1 contract

Samples: Completion Guaranty (Wynn Resorts LTD)

Successions or Assignments. (a) This Guaranty shall inure to the benefit of the successors or permitted assigns of the Banks Secured Parties under the Credit Agreement who shall have, to the extent of their interest, the rights of the Banks Secured Parties hereunder. (b) This Guaranty is binding upon Guarantor and its successors or and permitted assigns; provided that . Guarantor is may not entitled to assign any of its -------- obligations hereunder to any other person without the prior written consent of the Banks (and any purported assignment in violation of this provision Section shall be void).

Appears in 1 contract

Samples: Credit Agreement (Ormat Technologies, Inc.)

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