Benefit of this Deed. This Deed shall be binding upon the Subordinated Creditor and the Debtor and their respective successors in title and shall enure for the benefit of the Senior Creditor and its successors, assignees and transferees notwithstanding any change in the constitution of the Senior Creditor or its absorption in, or amalgamation with, or the acquisition of all or part of its undertaking or assets by any other person, or any reconstruction or reorganisation of any kind.
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Sources: On Delivery Buyer Credit Facility Agreement (DryShips Inc.)
Benefit of this Deed. 10.1 This Deed shall be binding upon the Subordinated Creditor and the Debtor Debtors and their respective successors in title and shall enure for the benefit of the Senior Creditor and its successors, assignees and transferees notwithstanding any change in the constitution of the Senior Creditor or its absorption in, or amalgamation with, or the acquisition of all or part of its undertaking or assets by any other person, or any reconstruction or reorganisation of any kind.
10.2 The Subordinated Creditor and the Debtors may not assign or transfer any of their respective rights or obligations under this Deed.
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