Common use of Transfer of Obligations Clause in Contracts

Transfer of Obligations. Subject to Section 4.8 of the Credit Agreement, the Agent and the Banks may, from time to time, without notice to the Guarantor, assign or transfer, or cause to be assigned or transferred, any or all of the Guaranteed Liabilities or any interest therein and, notwithstanding any such assignment or transfer or any subsequent assignment or transfer thereof, such Guaranteed Liabilities shall be and remain Guaranteed Liabilities for the purposes of this Guaranty, and each and every immediate and successive assignee or transferee of any of the Guaranteed Liabilities or of any interest therein shall, to the extent of the interest of such assignee or transferee in the Guaranteed Liabilities, be entitled to the benefits of this Guaranty to the same extent as if such assignee or transferee were the Agent or a Bank.

Appears in 1 contract

Samples: Credit Agreement (HCR Manor Care Inc)

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Transfer of Obligations. Subject to Section 4.8 10.8 of the Credit Agreement, the Agent and the Banks may, from time to time, without notice to the Guarantor, assign or transfer, or cause to be assigned or transferred, any or all of the Guaranteed Liabilities or any interest therein and, notwithstanding any such assignment or transfer or any subsequent assignment or transfer thereof, such Guaranteed Liabilities shall be and remain Guaranteed Liabilities for the purposes of this Guaranty, and each and every immediate and successive assignee or transferee of any of the Guaranteed Liabilities or of any interest therein shall, to the extent of the interest of such assignee or transferee in the Guaranteed Liabilities, be entitled to the benefits of this Guaranty to the same extent as if such assignee or transferee were the Agent or a Bank.

Appears in 1 contract

Samples: Credit Agreement (HCR Manor Care Inc)

Transfer of Obligations. Subject to Section 4.8 9.8 of the Credit Agreement, the Agent and the Banks may, from time to time, without notice to the any Guarantor, assign or transfer, or cause to be assigned or transferred, any or all of the Guaranteed Liabilities or any interest therein and, notwithstanding any such assignment or transfer or any subsequent assignment or transfer thereof, such Guaranteed Liabilities shall be and remain Guaranteed Liabilities for the purposes of this Guaranty, and each and every immediate and successive assignee or transferee of any of the Guaranteed Liabilities or of any interest therein shall, to the extent of the interest of such assignee or transferee in the Guaranteed Liabilities, be entitled to the benefits of this Guaranty to the same extent as if such assignee or transferee were the Agent or a Bank.

Appears in 1 contract

Samples: Credit Agreement (HCR Manor Care Inc)

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Transfer of Obligations. Subject to Section 4.8 10.8 of the Credit Agreement, the Agent and the Banks may, from time to time, without notice to the any Guarantor, assign or transfer, or cause to be assigned or transferred, any or all of the Guaranteed Liabilities or any interest therein and, notwithstanding any such assignment or transfer or any subsequent assignment or transfer thereof, such Guaranteed Liabilities shall be and remain Guaranteed Liabilities for the purposes of this Guaranty, and each and every immediate and successive assignee or transferee of any of the Guaranteed Liabilities or of any interest therein shall, to the extent of the interest of such assignee or transferee in the Guaranteed Liabilities, be entitled to the benefits of this Guaranty to the same extent as if such assignee or transferee were the Agent or a Bank.. 153

Appears in 1 contract

Samples: Credit Agreement (HCR Manor Care Inc)

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