Common use of Benefit of Article VIII Clause in Contracts

Benefit of Article VIII. The provisions of this Article (other than the following Section 8.9) are intended solely for the benefit of Administrative Agent and Lenders, and no Related Person shall be entitled to rely on any such provision or assert any such provision in a claim or defense against Administrative Agent or any Lender. Administrative Agent and Majority Lenders may waive or amend such provisions (other than the following Section 8.9) as they desire without any notice to or consent of Borrower or any Related Person.

Appears in 2 contracts

Samples: Credit Agreement (Nuevo Energy Co), Credit Agreement (Nuevo Energy Co)

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Benefit of Article VIII. The provisions of this Article (other than the following Section 8.9) are intended solely for the benefit of Administrative Agent and Lenders, and no Related Person shall be entitled to rely on any such provision or assert any such provision in a claim or defense against Administrative Agent or any Lender. Administrative Agent and Majority Lenders may waive or amend such provisions (other than the following Section 8.9) as they desire without any prior notice to or consent of Borrower or any Related Person.

Appears in 2 contracts

Samples: Credit Agreement (Forcenergy Inc), Credit Agreement (Forcenergy Inc)

Benefit of Article VIII. The provisions of this Article (other than the following Section 8.9) are intended solely for the benefit of Administrative Agent and Lenders, and no Related Obligated Person shall be entitled to rely on any such provision or assert any such provision in a claim or defense against Administrative Agent or any Lender. Administrative Agent and Majority Lenders may waive or amend such provisions (other than the following Section 8.9) as they desire without any notice to or consent of Borrower any Obligated Person; provided that any such waiver or amendment shall not impose on any Related PersonObligated Person any additional liability, obligation or requirement.

Appears in 1 contract

Samples: Credit Agreement (Intrepid Potash, Inc.)

Benefit of Article VIII. The provisions of this Article ----------------------- (other than the following Section 8.9) are intended solely for the benefit of Administrative Agent and Lenders, and no Related Person shall be entitled to rely on any such provision or assert any such provision in a claim or defense against Administrative Agent or any Lender. Administrative Agent and Majority Lenders may waive or amend such provisions (other than the following Section 8.9) as they desire without any notice to or consent of Borrower or any Related Person.

Appears in 1 contract

Samples: Credit Agreement (Nuevo Energy Co)

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Benefit of Article VIII. The provisions of this Article (other than the following Section 8.9) are intended solely for the benefit of Administrative Agent and Lenders, and no Related Person shall be entitled to rely on any such provision or assert any such provision in a claim or defense against Administrative Agent or any Lender. Administrative Agent and Majority Lenders may waive or amend such provisions (other than the following Section 8.9) as they desire without any notice to or consent of Borrower or any Related Person.

Appears in 1 contract

Samples: Credit Agreement (Hecla Mining Co/De/)

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