Assignment; Binding Effect

Assignment; Binding Effect. This Guaranty shall be binding upon and inure to the benefit of the parties hereto and their respective successors, permitted assigns and legal representatives. This Guaranty is assignable by FLIC in connection with an assignment of the Cornerstone Notes or FLIC's Mandarin Note Participation Interest to permitted assignees thereof. Any assignment in violation of this Section 13 shall be void and shall have no force and effect, it being understood for the avoidance of doubt that in the event... that a party shall merge or consolidate into another Person or enter into a business combination with another Person, such merger, consolidation or business combination shall not be deemed to be an assignment and, accordingly, no consent of any Person shall be required hereunder. View More