Successions or Assignments. (a) This Guaranty shall inure to the benefit of the successors or assigns of Project Owner who shall have, to the extent of its interest, the rights of Project Owner hereunder. (b) This Guaranty is binding upon Guarantor and its successors and assigns. Guarantor is not entitled to assign its obligations hereunder to any other person without the written consent of Project Owner and Administrative Agent, and any purported assignment in violation of this provision shall be void.
Appears in 2 contracts
Sources: Credit Agreement (Calpine Corp), Credit Agreement (Calpine Corp)