Common use of Benefit of Article IX Clause in Contracts

Benefit of Article IX. The provisions of this Article (other than the following Section 9.9) are intended solely for the benefit of Bank Parties, and no Restricted Person shall be entitled to rely on any such provision or assert any such provision in a claim or defense against any Bank Party. Bank Parties may waive or amend such provisions as they desire without any notice to or consent of Borrower or any Restricted Person.

Appears in 6 contracts

Samples: Credit Agreement (North Coast Energy Inc / De/), Credit Agreement (Continental Natural Gas Inc), Credit Agreement (STB Systems Inc)

AutoNDA by SimpleDocs

Benefit of Article IX. The provisions of this Article (other than the following Section 9.9) are intended solely for the benefit of the Bank Parties, and no Restricted Related Person shall be entitled to rely on any such provision or assert any such provision in a claim or defense against any Bank Party. The Bank Parties may waive or amend such provisions as they desire without any notice to or consent of Borrower or any Restricted other Related Person.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Parker Drilling Co /De/)

Benefit of Article IX. The provisions of this Article (other than the following Section 9.9) are intended solely for the benefit of Bank Parties, and no Restricted 42 48 Person shall be entitled to rely on any such provision or assert any such provision in a claim or defense against any Bank Party. Bank Parties may waive or amend such provisions as they desire without any notice to or consent of Borrower or any Restricted Person.

Appears in 1 contract

Samples: Credit Agreement (3dfx Interactive Inc)

Benefit of Article IX. The provisions of this Article (other than the following Section 9.9) are intended solely for the benefit of Bank Parties, and no Restricted Person shall be 54 60 entitled to rely on any such provision or assert any such provision in a claim or defense against any Bank Party. Bank Parties may waive or amend such provisions as they desire without any notice to or consent of Borrower or any Restricted Person.

Appears in 1 contract

Samples: Credit Agreement (Chesapeake Energy Corp)

AutoNDA by SimpleDocs

Benefit of Article IX. The provisions of this Article (other than the following Section 9.9) are intended solely for the benefit of Bank Parties, and no Restricted Person other Person, including the Related Persons, shall be entitled to rely on any such provision or assert any such provision in a claim or defense against any Bank Party. Bank Parties may waive or amend such provisions as they desire without any notice to or consent of Borrower the Related Persons or any Restricted other Person.

Appears in 1 contract

Samples: Master Loan Agreement (Alternative Living Services Inc)

Benefit of Article IX. The provisions of this Article (other than the following Section 9.9) are intended solely for the benefit of Bank Parties, and no Restricted Person shall be entitled to rely on any such provision or assert any such provision in a claim or defense against any Bank Party. Bank Parties may waive or amend such provisions as they desire without any notice to or consent of Borrower or any Restricted Person.may

Appears in 1 contract

Samples: Credit Agreement (North Coast Energy Inc / De/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!