Common use of Successors, Transferees and Assigns Clause in Contracts

Successors, Transferees and Assigns. Transfers of Notes, etc. The guaranty set forth in this Article IX shall: (a) be binding upon Holdings, and its successors, transferees and assigns; and (b) inure to the benefit of and be enforceable by the Administrative Agents and each other Secured Party. Without limiting the generality of the foregoing clause (b), any Lender may assign or otherwise transfer (in whole or in part) any Note or Credit Extension 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 Lender under any Loan Document (including the guaranty set forth in this Article IX) or otherwise, subject, however, to any contrary provisions in such assignment or transfer, and to the provisions of Section 12.11 and Article XI.

Appears in 4 contracts

Samples: Credit Agreement (Associated Materials Inc), Credit Agreement (AMH Holdings, Inc.), Credit Agreement (Associated Materials Inc)

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Successors, Transferees and Assigns. Transfers of Notes, etc. The guaranty set forth in this Article IX shall: (a) be binding upon Holdings, each Parent Guarantor and its successors, transferees and assigns; and (b) inure to the benefit of and be enforceable by the Administrative Agents Agent and each other Secured Party. Without limiting the generality of the foregoing clause (b), any Lender may assign or otherwise transfer (in whole or in part) any Note or Credit Extension 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 Lender under any Loan Document (including the guaranty set forth in this Article IX) or otherwise, subject, however, to any contrary provisions in such assignment or transfer, and to the provisions of Section 12.11 11.11 and Article XI.X.

Appears in 3 contracts

Samples: Credit Agreement (Dri I Inc), Credit Agreement (Dri I Inc), Credit Agreement (Duane Reade Inc)

Successors, Transferees and Assigns. Transfers of Notes, etc. The guaranty set forth in this Article IX shall: (a) be binding upon Holdings, and its successors, transferees and assigns; and (b) inure to the benefit of and be enforceable by the Administrative Agents Agent and each other Secured Party. Without limiting the generality of the foregoing clause (b), any Lender may assign or otherwise transfer (in whole or in part) any Note or Credit Extension 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 Lender under any Loan Document (including the guaranty set forth in this Article IX) or otherwise, subject, however, to any contrary provisions in such assignment or transfer, and to the provisions of Section 12.11 11.11 and Article XI.X.

Appears in 2 contracts

Samples: Credit Agreement (Associated Materials Inc), Credit Agreement (Associated Materials Inc)

Successors, Transferees and Assigns. Transfers of Notes, etc. The guaranty set forth in this Article IX X shall: (a) be binding upon Holdings, and its successors, transferees and assigns; and; (b) inure to the benefit of and be enforceable by the Administrative Agents each Agent and each other Secured Party; and (c) shall not constitute a novation. Without limiting the generality of the foregoing clause (b), any Lender may assign or otherwise transfer (in whole or in part) any Note or Credit Extension 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 Lender under any Loan Document (including the guaranty set forth in this Article IXX) or otherwise, subject, however, to any contrary provisions in such assignment or transfer, and to the provisions of Section 12.11 11.11 and Article XIIX.

Appears in 1 contract

Samples: Credit Agreement (WRC Media Inc)

Successors, Transferees and Assigns. Transfers of Notes, etc. The guaranty set forth in this Article IX X shall: (a) be binding upon Holdings, each Borrower and its their permitted successors, transferees and assigns; and; (b) inure to the benefit of and be enforceable by the Administrative Agents each Agent and each other Secured Party; and (c) shall not constitute a novation. Without limiting the generality of the foregoing clause (b), any Lender may assign or otherwise transfer (in whole or in part) any Note or Credit Extension 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 Lender under any Loan Document (including the guaranty set forth in this Article IXX) or otherwise, subject, however, to any contrary provisions in such assignment or transfer, and to the provisions of Section 12.11 11.11 and Article XIIX.

Appears in 1 contract

Samples: Credit Agreement (WRC Media Inc)

Successors, Transferees and Assigns. Transfers of Notes, etc. The guaranty set forth in this Article IX X shall: (a) be binding upon Holdingseach Borrower Guarantor, and its successors, transferees and assigns; and (b) inure to the benefit of and be enforceable by the Administrative Agents Agent and each other Secured Party. Without limiting the generality of the foregoing clause (b), any Lender may assign or otherwise transfer (in whole or in part) any Note or Credit Extension 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 Lender under any Loan Document (including the guaranty set forth in this Article IXX) or otherwise, subject, however, to any contrary provisions in such assignment or transfer, and to the provisions of Section 12.11 and Article XI.. -108- 117

Appears in 1 contract

Samples: Credit Agreement (Dollar Thrifty Automotive Group Inc)

Successors, Transferees and Assigns. Transfers of Notes, etc. The guaranty set forth in this Article IX X shall: (a) be binding upon Holdings, each Borrower and its their permitted successors, transferees and assigns; and; (b) inure to the benefit of and be enforceable by each Arranger, the Administrative Agents Agent and each other Secured Party; and (c) shall not constitute a novation. Without limiting the generality of the foregoing clause (b), any Lender may assign or otherwise transfer (in whole or in part) any Note or Credit Extension Second-Lien Loans 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 Lender under any Loan Document (including the guaranty set forth in this Article IXX) or otherwise, subject, however, to any contrary provisions in such assignment or transfer, and to the provisions of Section 12.11 11.11 and Article XIIX.

Appears in 1 contract

Samples: Second Lien Credit Agreement (WRC Media Inc)

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Successors, Transferees and Assigns. Transfers of Notes, etc. The guaranty set forth in this Article IX shall: (a) be binding upon Holdings, each Designated Guarantor and its successors, transferees and assigns; and (b) inure to the benefit of and be enforceable by the Administrative Agents Agent and each other Secured Party. Without limiting the generality of the foregoing clause (b), any Lender may assign or otherwise transfer (in whole or in part) any Note or Credit Extension 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 Lender under any Loan Document (including the guaranty set forth in this Article IX) or otherwise, subject, however, to any contrary provisions in such assignment or transfer, and to the provisions of Section 12.11 11.11 and Article XI.X.

Appears in 1 contract

Samples: Credit Agreement (Duane Reade Realty Inc)

Successors, Transferees and Assigns. Transfers of NotesTRANSFERS OF NOTES, etcETC. The guaranty set forth in this Article ARTICLE IX shall: (a) be binding upon Holdings, each Designated Guarantor and its successors, transferees and assigns; and (b) inure to the benefit of and be enforceable by the Administrative Agents Agent and each other Secured Party. Without limiting the generality of the foregoing clause CLAUSE (bB), any Lender may assign or otherwise transfer (in whole or in part) any Note or Credit Extension 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 Lender under any Loan Document (including the guaranty set forth in this Article ARTICLE IX) or otherwise, subject, however, to any contrary provisions in such assignment or transfer, and to the provisions of Section 12.11 SECTION 11.11 and Article XI.ARTICLE X.

Appears in 1 contract

Samples: Credit Agreement (Duane Reade Inc)

Successors, Transferees and Assigns. Transfers of Notes, etc. The guaranty set forth in this Article IX XII shall: (a) be binding upon Holdingseach Subsidiary Guarantor, and its successors, transferees and assigns; and (b) inure to the benefit of and be enforceable by the Administrative Agents Agent and each other Secured Party. Without limiting the generality of the foregoing clause (b), any Lender may assign or otherwise transfer (in whole or in part) any Note or Credit Extension 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 Lender under any Loan Credit Document (including the guaranty set forth in this Article IXXII) or otherwise, subject, however, to any contrary provisions in such assignment or transfer, and to the provisions of Section 12.11 14.11 and Article XIXIII.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Budget Group Inc)

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