Common use of Successors and Assigns; Enforcement of Remedies Clause in Contracts

Successors and Assigns; Enforcement of Remedies. This Guaranty shall be binding upon the Guarantor, its successors and assigns, and all rights against the Guarantor arising under this Guaranty shall be for the sole benefit of the Trustee and the Bondholders and, with respect to payments due the Issuer under Sections 4.2(c), 5.2 and 6.3 of the Loan Agreement, the Issuer. The Trustee shall be entitled to bring any suit, action or proceeding against the Guarantor for the enforcement of any provision of this Guaranty without exhausting any other remedies which it may have pursuant to the terms of the Bonds, the Indenture or the Loan Agreement and without resort to any other security held by or available to the Issuer or the Trustee.

Appears in 2 contracts

Samples: Guaranty Agreement (Huntington Ingalls Industries, Inc.), Guaranty Agreement (New Ships, Inc.)

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Successors and Assigns; Enforcement of Remedies. This Guaranty shall be binding upon the Guarantor, its successors and assigns, and all rights against the Guarantor arising under this Guaranty shall be for the sole benefit of the Trustee and the Bondholders and their successors and assigns and, with respect to payments due the Issuer under Sections 4.2(c4.2(e), 5.2 7.3, 9.2 and 6.3 9.3 of the Loan Agreement, the Issuer. The Trustee shall be entitled to bring any suit, action or proceeding against the Guarantor for the enforcement of any provision of this Guaranty without exhausting any other remedies which it may have pursuant to the terms of the Bonds, the Indenture or the Loan Agreement and without resort to any other security held by or available to the Issuer or the Trustee.

Appears in 2 contracts

Samples: Guaranty Agreement (Covanta Holding Corp), Guaranty Agreement (Covanta Holding Corp)

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Successors and Assigns; Enforcement of Remedies. This Guaranty shall be binding upon the GuarantorSubsidiary Guarantors, its their successors and assigns, and all rights against the Guarantor Subsidiary Guarantors arising under this Guaranty shall be for the sole benefit of the Trustee and the Bondholders and beneficial owners of Bonds and their respective successors and assigns and, with respect to payments due the Issuer Authority under Sections 4.2(c4.2(e), 5.2 7.3, 9.2 and 6.3 9.3 of the Loan Agreement, the IssuerAuthority. The Trustee shall be entitled to bring any suit, action or proceeding against the Guarantor Subsidiary Guarantors for the enforcement of any provision of this Guaranty without exhausting any other remedies which it may have pursuant to the terms of the Bonds, the Indenture or the Loan Agreement and without resort to any other security held by or available to the Issuer Authority or the Trustee.

Appears in 1 contract

Samples: Guaranty Agreement (CONSOL Energy Inc.)

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