Parties Bound; Assignment. This Guaranty shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors, permitted assigns, heirs and legal representatives. Any assignee or transferee of the Class A Member shall be entitled to all the benefits afforded to the Class A Member under this Guaranty. No Guarantor shall have the right to assign or transfer its rights or obligations under this Guaranty without the prior written consent of the Class A Member, and any attempted assignment without such consent shall be null and void.
Appears in 10 contracts
Sources: Bad Boy Guaranty (W2007 Grace Acquisition I Inc), Loan Agreement (W2007 Grace Acquisition I Inc), Mandatory Redemption Guaranty (W2007 Grace Acquisition I Inc)
Parties Bound; Assignment. This Guaranty shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors, permitted assigns, heirs and legal representatives. Any assignee or transferee of the Class A Member shall be entitled to all the benefits afforded to the Class A Member under this Guaranty. No Guarantor Lender shall have the right to assign or transfer its rights or obligations under this Guaranty without the prior written consent in connection with any assignment of the Class A Member, Loan and any attempted assignment without such consent the Loan Documents. Any assignee or transferee of Lender shall be null and void.entitled to all the benefits afforded to Lender under this
Appears in 1 contract
Sources: Guaranty of Recourse Obligations (TPG RE Finance Trust, Inc.)