Common use of Successions or Assignments Clause in Contracts

Successions or Assignments. (a) This Agreement shall inure to the benefit of the respective successors or assigns of the Collateral Agent and the Borrower who shall have, to the extent of their interest, the rights of the Collateral Agent and the Borrower hereunder. (b) This Agreement 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 the Collateral Agent and the Borrower, which may be granted or withheld in the Collateral Agent's or the Borrower's sole discretion (in the case of the Collateral Agent, as directed by the Agent Bank, acting in accordance with the Credit Agreement), and any purported assignment in violation of this provision shall be void.