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

Successors, Transferees and Assigns; Transfers of Notes, etc. This Guaranty shall: (a) be binding upon Guarantor, and its successors, transferees and assigns; and (b) inure to the benefit of and be enforceable by the Administrative Agent and each other Guaranteed Party. Without limiting the generality of clause (b), any Bank may assign or otherwise transfer (in whole or in part) any Note or Loan held by it to any other Person, and such other Person shall thereupon become vested with all rights and benefits in respect thereof granted to such Bank under any Loan Document (including this Guaranty) or otherwise. Notwithstanding anything contained in this Section 2.7 to the contrary, this Section 2.7 shall not be deemed to enlarge or create additional rights with respect to any Bank's ability to assign any portion of its Loans or rights under any Note or any other Loan Document pursuant to Section 12 of the Credit Agreement, and this Section 2.7 is expressly made subject thereto.

Appears in 3 contracts

Samples: Guaranty (Conseco Inc), Guaranty (Conseco Inc), Guaranty (Conseco Inc)

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Successors, Transferees and Assigns; Transfers of Notes, etc. This Guaranty shall: (a) be binding upon Guarantor, and its successors, transferees and assigns; and (b) inure to the benefit of and be enforceable by the Administrative Agent and each other Guaranteed Guarantied Party. Without limiting the generality of clause (b), any Bank may assign or otherwise transfer (in whole or in part) any Note or Loan held by it to any other Person, and such other Person shall thereupon become vested with all rights and benefits in respect thereof granted to such Bank under any Loan Document (including this Guaranty) or otherwise. Notwithstanding anything contained in this Section 2.7 to the contrary, this Section 2.7 shall not be deemed to enlarge or create additional rights with respect to any Bank's ability to assign any portion of its Loans or rights under any Note or any other Loan Document pursuant to Section 12 of the Credit Agreement, and this Section 2.7 is expressly made subject thereto.

Appears in 2 contracts

Samples: Guaranty (Conseco Inc), Guaranty (Conseco Inc)

Successors, Transferees and Assigns; Transfers of Notes, etc. This Restated Guaranty shall: (a) be binding upon Guarantor, and its successors, transferees Transferees and assigns; and (b) inure to the benefit of and be enforceable by the Administrative Agent and each other Guaranteed Guarantied Party. Without limiting the generality of clause (b), any Bank may assign or otherwise transfer (in whole or in part) any Note or Loan held by it to any other Person, and such other Person shall thereupon become vested with all rights and benefits in respect thereof granted to such Bank under any Loan Document (including this Restated Guaranty) or otherwise. Notwithstanding anything contained in this Section 2.7 to the contrary, this Section 2.7 shall not be deemed to enlarge or create additional rights with respect to any Bank's ability to assign any portion of its Loans or rights under any Note or any other Loan Document pursuant to Section 12 of the Restated Credit Agreement, and this Section 2.7 is expressly made subject thereto.

Appears in 1 contract

Samples: Guaranty (Hilbert Stephen C)

Successors, Transferees and Assigns; Transfers of Notes, etc. This Guaranty shall: (a) be binding upon Guarantor, and its successors, transferees and assigns; and (b) inure to the benefit of and be enforceable by the Administrative Agent and each other Guaranteed Guarantied Party. Without limiting the generality of clause (b), any Bank each Lender may assign or otherwise transfer (in whole or in part) any Note or Loan held by it to any other Person, and such other Person shall thereupon become vested with all rights and benefits in respect thereof granted to such Bank Lenders under any Loan Document (including this Guaranty) or otherwise. Notwithstanding anything contained in this Section 2.7 to the contrary, this Section 2.7 shall not be deemed to enlarge or create additional rights with respect to any BankLender's ability to assign any portion of its Commitments and Loans or rights under any Note or any other Loan Document pursuant to Section 12 10.8 of the Credit Agreement, and this Section 2.7 is expressly made subject thereto.

Appears in 1 contract

Samples: Guaranty (Renaissancere Holdings LTD)

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Successors, Transferees and Assigns; Transfers of Notes, etc. This Guaranty shall: (a) be binding upon Guarantor, and its successors, transferees and assigns; and (b) inure to the benefit of and be enforceable by the Administrative Agent Bank and each other Guaranteed Guarantied Party. Without limiting the generality of clause (b), any the Bank may assign or otherwise ---------- transfer (in whole or in part) any Note or Loan held by it to any other Person, and such other Person shall thereupon become vested with all rights and benefits in respect thereof granted to such Bank under any Loan Document (including this Guaranty) or otherwise. Notwithstanding anything contained in this Section 2.7 ----------- to the contrary, this Section 2.7 shall not be deemed to enlarge or create ----------- additional rights with respect to any the Bank's ability to assign any portion of its Loans or rights under any Note or any other Loan Document pursuant to Section 12 11 of the Credit Agreement, and this Section ------- 2.7 is expressly made subject thereto.. ---

Appears in 1 contract

Samples: Guaranty (Renaissancere Holdings LTD)

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