Common use of Assignment by the Lender Clause in Contracts

Assignment by the Lender. The Lender may, without any notice whatsoever to anyone, sell, assign or transfer all or any part of the Guaranteed Obligations, and in that event each and every immediate and successive assignee, transferee or holder of all or any part of the Guaranteed Obligations shall have right to enforce this Guaranty, by suit or otherwise, for the benefit of such assignee, transferee or holder, as fully as though such assignee, transferee or holder were herein by name given such rights, powers and benefits; but the Lender shall have an unimpaired right, prior and superior to that of any said assignee, transferee or holder, to enforce this Guaranty for the benefit of the Lender, as to so much of the Guaranteed Obligations that it has not sold, assigned or transferred.