Common use of Successors and Assigns; Grant of Security Interest Clause in Contracts

Successors and Assigns; Grant of Security Interest. This Guaranty shall be binding upon the Parties and their respective successors and permitted assigns and each subsequent holder of the Guaranteed Obligations; provided, however, that Guarantor shall not be permitted to assign all or any part of its rights, benefits, advantages, titles or interest hereunder without the prior written consent of Lessee.