Common use of Assignment of Rights and Responsibilities Clause in Contracts

Assignment of Rights and Responsibilities. Guarantor may not assign its rights and responsibilities under this Guaranty without Landlord’s consent. ▇▇▇▇▇▇▇▇▇ agrees that this Guaranty shall inure to the benefit of and may be enforced by ▇▇▇▇▇▇▇▇ and any of its successors, transferees and assigns under the Lease, and shall be binding upon and enforceable against Guarantor and its respective successors and assigns.

Appears in 2 contracts

Sources: Purchase and Sale Agreement (Douglas Dynamics, Inc), Lease Agreement (Douglas Dynamics, Inc)