Common use of Survival and Termination of Agreement Clause in Contracts

Survival and Termination of Agreement. All covenants, agreements, representations and warranties made herein and in the certificates and other documents delivered pursuant hereto shall survive the funding of the Notes and shall continue in full force and effect to the Termination Date or so long as any amount payable to the Lenders in connection with this Agreement is unpaid, whichever is later, at which time this Agreement shall terminate, it being expressly understood that the obligations of the Company under Sections 3.1, 3.3 and 7.8 shall survive any termination of this Agreement. Whenever in this Agreement any party is referred to, such reference shall be deemed to include the successors and assigns of such party, but no assignment or transfer (by operation of law or otherwise) of this Agreement by the Company or any Borrowing Subsidiary or any of their rights or duties hereunder may be made without the prior written consent of all of the Lenders; and all covenants, promises and agreements by or on behalf of the Company or any Borrowing Subsidiary which are contained in this Agreement shall inure to the benefit of the successors and assigns of the Lenders.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Source One Mortgage Services Corp), Revolving Credit Agreement (Source One Mortgage Services Corp)

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Survival and Termination of Agreement. All covenants, agreements, representations and warranties made herein and in the certificates and other documents delivered pursuant hereto shall survive the funding of the Notes Loans and shall continue in full force and effect to the Termination Date or so long as any amount payable to the Lenders in connection with this Agreement is unpaid, whichever is later, at which time this Agreement shall terminate, it being expressly understood that the obligations of the Company under Sections 3.1, 3.3 3.3, 7.8 and 7.8 7.15 shall (notwithstanding anything in this Agreement to the contrary) survive any termination of this Agreement. Whenever in this Agreement any party is referred to, such reference shall be deemed to include the successors and assigns of such party, but no assignment or transfer (by operation of law or otherwise) of this Agreement by the Company or any Borrowing Subsidiary or any of their its rights or duties hereunder may be made without the prior written consent of all of the Lenders; and all covenants, promises and agreements by or on behalf of the Company or any Borrowing Subsidiary which are contained in this Agreement shall inure to the benefit of the successors and assigns of the Lenders.

Appears in 1 contract

Samples: Revolving Credit Agreement (Source One Mortgage Services Corp)

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Survival and Termination of Agreement. All covenants, agreements, representations and warranties made herein and in the certificates and other documents delivered pursuant hereto shall survive the funding of the Notes Loans and shall continue in full force and effect to the Termination Date or so long as any amount payable to the Lenders in connection with this Agreement is unpaid, whichever is later, at which time this Agreement shall terminate, it being expressly understood that the obligations of the Company under Sections 3.1, 3.3 3.3, 7.8 and 7.8 7.15 shall (notwithstanding anything in this Agreement to the contrary) survive any termination of this Agreement. Whenever in this Agreement any party is referred to, such reference shall be deemed to include the successors and assigns of such party, but no assignment or transfer (by operation of law or otherwise) of this Agreement by the Company or any Borrowing Subsidiary or any of their its rights or duties hereunder may be made without the prior written consent of all of the Lenders; and all covenants, promises and agreements by or on behalf of the Company or any Borrowing Subsidiary which are 109 contained in this Agreement shall inure to the benefit of the successors and assigns of the Lenders.

Appears in 1 contract

Samples: Revolving Credit Agreement (Source One Mortgage Services Corp)

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