Common use of Successors, Transferees and Assigns; Transfers of Canadian Notes, etc Clause in Contracts

Successors, Transferees and Assigns; Transfers of Canadian Notes, etc. The guaranty set forth in this Article X shall: (a) be binding upon the U.S. Borrower, and its successors, transferees and assigns; and (b) inure to the benefit of and be enforceable by the Canadian Administrative Agent and each other Secured Party. Without limiting the generality of the foregoing clause (b), any Canadian Lender may assign or otherwise transfer (in whole or in part) any Canadian Note or Credit Extension relating thereto held by it to any other Person or entity, and such other Person or entity shall thereupon become vested with all rights and benefits in respect thereof granted to such Canadian Lender under any Loan Document (including the guaranty set forth in this Article X) or otherwise, subject, however, to any contrary provisions in such assignment or transfer, and to the provisions of Section 12.11 and Article XI.

Successors, Transferees and Assigns; Transfers of Canadian Notes, etc. The guaranty set forth in this Article X shall: (a) be binding upon the U.S. Borrower, and its successors, transferees and assigns; and (b) inure to the benefit of and be enforceable by the Canadian Administrative Agent Agents and each other Secured Party. Without limiting the generality of the foregoing clause (b), any Canadian Lender may assign or otherwise transfer (in whole or in part) any Canadian Note or Credit Extension relating thereto held by it to any other Person or entity, and such other Person or entity shall thereupon become vested with all rights and benefits in respect thereof granted to such Canadian Lender under any Loan Document (including the guaranty set forth in this Article X) or otherwise, subject, however, to any contrary provisions in such assignment or transfer, and to the provisions of Section 12.11 and Article XI.