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Common use of Beneficiaries Clause in Contracts

Beneficiaries. Except as expressly provided herein, the provisions of this Section 10 are solely for the benefit of the Agent and the Banks, and the Loan Parties shall not have any rights to rely on or enforce any of the provisions hereof. In performing its functions and duties under this Agreement, the Agent shall act solely as agent of the Banks and does not assume and shall not be deemed to have assumed any obligation toward or relationship of agency or trust with or for any of the Loan Parties.

Appears in 27 contracts

Samples: Revolving Credit Agreement (Ii-Vi Inc), Revolving Credit Facility (Ii-Vi Inc), Credit Agreement (New Jersey Resources Corp)

Beneficiaries. Except as expressly provided herein, the provisions of this Section 10 9 are solely for the benefit of the Agent and the Banks, and the Loan Parties shall not have any rights to rely on or enforce any of the provisions hereof. In performing its functions and duties under this Agreement, the Agent shall act solely as agent of the Banks and does not assume and shall not be deemed to have assumed any obligation toward or relationship of agency or trust with or for any of the Loan Parties.

Appears in 7 contracts

Samples: Credit Agreement (Internet Capital Group Inc), Credit Agreement (Party City Corp), Credit Agreement (Option Care Inc/De)

Beneficiaries. Except as expressly provided herein, the provisions of this Section 10 are solely for the benefit of the Agent and the BanksLenders, and the Loan Parties shall not have any rights to rely on or enforce any of the provisions hereof. In performing its functions and duties under this Agreement, the Agent shall act solely as agent of the Banks Lenders and does not assume and shall not be deemed to have assumed any obligation toward or relationship of agency or trust with or for any of the Loan Parties.

Appears in 5 contracts

Samples: Credit Agreement (Rhino Resource Partners LP), Credit Agreement (Penn Virginia Resource Partners L P), Senior Secured Revolving Credit Facility (Rhino Resource Partners, L.P.)

Beneficiaries. Except as expressly provided herein, the provisions of this Section 10 are solely for the benefit of the Administrative Agent and the BanksLenders, and the Loan Parties shall not have any rights to rely on or enforce any of the provisions hereof. In performing its functions and duties under this Agreement, the Administrative Agent shall act solely as agent of the Banks Lenders and does not assume and shall not be deemed to have assumed any obligation toward or relationship of agency or trust with or for any of the Loan Parties.

Appears in 3 contracts

Samples: Credit Agreement (Koppers Holdings Inc.), Credit Agreement (Koppers Holdings Inc.), Credit Agreement (Koppers Inc)

Beneficiaries. Except as expressly provided herein, the provisions of this Section 10 9 are solely for the benefit of the Administrative Agent and the Banks, and the Loan Parties shall not have any rights to rely on or enforce any of the provisions hereof. In performing its functions and duties under this Agreement, the Administrative Agent shall act solely as agent of the Banks and does not assume and shall not be deemed to have assumed any obligation toward or relationship of agency or trust with or for any of the Loan Parties.

Appears in 2 contracts

Samples: Credit Agreement (Papa Johns International Inc), Credit Agreement (Big Lots Inc)

Beneficiaries. Except as expressly provided hereinset forth in Sections 10.5, 10.14, 10.15 and 10.16, the provisions of this Section Article 10 are solely for the benefit of the Agent and the Banks, and the Borrower or any other Loan Parties Party shall not have any rights to rely on or enforce any of the provisions hereof. In performing its functions and duties under this Agreement, the Agent shall act solely as agent of the Banks and does not assume and shall not be deemed to have assumed any obligation toward or relationship of agency or trust with or for the Borrower or any of the other Loan PartiesParty.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Federated Investors Inc /Pa/)

Beneficiaries. Except as expressly provided herein, the provisions of this Section Article 10 are solely for the benefit of the Agent and the Banks, and the Loan Parties shall not have any rights to rely on or enforce any of the provisions hereof. In performing its functions and duties under this Agreement, the Agent shall act solely as agent of the Banks and does not assume and shall not be -107- 117 deemed to have assumed any obligation toward or relationship of agency or trust with or for any of the Loan Parties.

Appears in 1 contract

Samples: Credit Agreement (Commercial Intertech Corp)

Beneficiaries. Except as expressly provided herein, the provisions of ------------- this Section 10 9 are solely for the benefit of the Agent and the Banks, and the Loan Parties Borrower shall not have any rights to rely on or enforce any of the provisions hereof. In performing its functions and duties under this Agreement, the Agent shall act solely as agent of the Banks and does not assume and shall not be deemed to have assumed any obligation toward or relationship of agency or trust with or for any of the Loan PartiesBorrower.

Appears in 1 contract

Samples: Loan Agreement (Analytical Graphics Inc)

Beneficiaries. Except as expressly provided herein, the provisions of this Section EXHIBIT 10 are solely for the benefit of the Agent and the Banks, and the Loan Parties shall not have any rights to rely on or enforce any of the provisions hereof. In performing its functions and duties under this Agreement, the Agent shall act solely as agent of the Banks and does not assume and shall not be deemed to have assumed any obligation toward or relationship of agency or trust with or for any of the Loan Parties.

Appears in 1 contract

Samples: Credit Agreement (Linc Net Inc)

Beneficiaries. Except as expressly provided herein, the provisions of this Section 10 are solely for the benefit of the Agent and the Banks, and the Loan Parties shall not have any rights to rely on or enforce any of the provisions hereof. In performing its functions and duties under this Agreement, the Agent shall act solely as agent of the Banks and does not assume and shall not be deemed to have assumed any obligation toward or relationship of agency or trust with or for any of the Loan Parties. 11. MISCELLANEOUS 11.1

Appears in 1 contract

Samples: Credit Agreement (Roundys Inc)

Beneficiaries. Except as expressly provided herein, the provisions of this Section Article 10 are solely for the benefit of the Agent and the Banks, and the Loan Parties shall not have any rights to rely on or enforce any of the provisions hereof. In performing its functions and duties under this Agreement, the Agent shall act solely as agent of the Banks and does not assume and shall not be deemed to have assumed any obligation toward or relationship of agency or trust with or for any of the Loan Parties.. -70- 77

Appears in 1 contract

Samples: Credit Agreement (Zaring National Corp)