Common use of Benefit of Article IX Clause in Contracts

Benefit of Article IX. The provisions of this Article are intended solely for the benefit of Agent and Lenders, and shall not be entitled to rely on any such provision or assert any such provision in a claim or defense against Agent or any Lender. Agent and Lenders may waive or amend such provisions as they desire without any notice to or consent of Borrower.

Appears in 2 contracts

Samples: Credit Agreement (Nab Asset Corp), Credit Agreement (Nab Asset 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 Administrative Agent and Lenders, and no Related Person shall not be entitled to rely on any such provision provisions or assert any such provision in a claim or defense against Administrative Agent or any Lender. Administrative Agent and Lenders may waive or amend such provisions as they desire without any notice to or consent of BorrowerBorrower or any other Related Person.

Appears in 2 contracts

Samples: Credit Agreement (Spinnaker Exploration Co), Credit Agreement (Spinnaker Exploration Co)

Benefit of Article IX. The provisions of this Article are --------------------- intended solely for the benefit of Agent and Lenders, and shall not be entitled to rely on any such provision or assert any such provision in a claim or defense against Agent or any Lender. Agent and Lenders may waive or amend such provisions as they desire without any notice to or consent of Borrower.

Appears in 1 contract

Samples: Credit Agreement (Nab Asset Corp)

Benefit of Article IX. The provisions of this Article (other --------------------- than Section 9.7) are intended solely for the benefit of Agent and Lenders, and no Related Person shall not be entitled to rely on any such provision or assert any such provision in a claim or defense against Agent or any Lender. Agent and Lenders may waive or amend such provisions as they desire without any notice to or consent of BorrowerBorrower or any Related Person.

Appears in 1 contract

Samples: Loan Agreement (Western Gas Resources 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 Administrative Agent and Lenders, and no Related Person shall not be entitled to rely on any such provision provisions or assert any such provision in a claim or defense against Administrative Agent or any Lender. Administrative Agent and Lenders may waive or amend such provisions as they desire without any notice to or consent of BorrowerBorrower or any other Related Person.

Appears in 1 contract

Samples: Credit Agreement (Spinnaker Exploration Co)

Benefit of Article IX. The provisions of this Article --------------------- (other than the following Section 9.9) are intended solely for the benefit of Administrative Agent and Lenders, and no Related Person shall not be entitled to rely on any such provision provisions or assert any such provision in a claim or defense against Administrative Agent or any Lender. Administrative Agent and Lenders may waive or amend such provisions as they desire without any notice to or consent of BorrowerBorrower or any other Related Person.

Appears in 1 contract

Samples: Credit Agreement (Spinnaker Exploration Co)

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