Benefit of Covenants. (a) The covenants of the Company under this Section 8 shall be for the sole benefit of the Investor.
(b) Sections 8.8 (Information Rights), 8.9 (Budgets and Business Plans), 8.14 (Nominee Director), 8.26 (No Issuances below Conversion Price) and 8.27 (Negative Covenants) shall be in full force and effect only for so long as the Investor’s Investment Value is equal to or greater than US$20,000,000. All other provisions in Section 8 shall be in full force and effect for so long as the Investor beneficially owns any Notes or Conversion Shares.
Benefit of Covenants. The agreements and covenants in this Article IV shall be for the benefit of SunEdison and Stockholder only, and not for Parent or Merger Sub.
Benefit of Covenants. The provisions of this Section 8 are intended for the benefit of, and will be enforceable by, the Agent and each Purchaser that purchases Offered Securities, and the Agent is, for those purposes, acting as agent and trustee on behalf of the Purchasers.
Benefit of Covenants. The Supervisor is to take and hold the benefit of the covenants given to it by the Company under this Deed in respect of the Bonds (other than those covenants intended to be for the benefit of the Supervisor for its own account) for the Bondholders generally.
Benefit of Covenants. (a) The covenants of the Issuer Group under this Section 7 shall be for the sole benefit of the Investor Group, its successors and its permitted transferees or assigns. For the avoidance of doubt, the covenants of the Issuer Group under this Section 7 shall not arise unless and until Completion and the issuance of the Bond, if at all.
(b) The covenants of the Investor Group under this Section 7 shall be for the sole benefit of each Issuer Group Member, its successors and its permitted transferees or assigns. For the avoidance of doubt, the covenants of the Investor Group under this Section 7 shall not arise unless and until Completion and the issuance of the Bond, if at all.
Benefit of Covenants. The covenants of the Sellers set forth in Sections 5.1 through 5.7 of this Article V are for the several benefit of (and without limiting the foregoing, may severally be enforced by) each of Buyer and (except for Sections 5.5 and 5.6) the Company, and their respective successors and assigns.
Benefit of Covenants. The covenants of each of the Companies and the Collateral Agent set forth herein are solely for the benefit of the Trade Creditors.
Benefit of Covenants. If Aussie Pooch is not the Licensor under the Representatives Agreement then the parties agree that this Deed has also been entered into for the benefit of Aussie Pooch and that Aussie Pooch may at any time enforce any of the Representative's obligations against the Representative in its own name without the necessity to include the Licensor as a party to that enforcement. The signing of this Deed by the Licensor will be deemed acceptance by Aussie Pooch of the benefit of this clause. A SIGNED by THE AUSSIE POOCH MOBILE PTY LTD in accordance with section 127 of the Corporations Act by XXXX XXXXXXX XXXXXXX as its Sole Director Secretary: ) ) ) ) ………………………………………… Signature of Sole Director/Secretary the presence of: ) ..........................................................
Benefit of Covenants. 14 INTERCREDITOR AND COLLATERAL AGENCY AGREEMENT INTERCREDITOR AND COLLATERAL AGENCY AGREEMENT (the "Agreement"), dated as of October 26, 1998, between and among WHEREHOUSE SUBSIDIARY I Co., INC. (formerly known as BLOCKBUSTER MUSIC RETAIL, INC.), a Delaware corporation, WHEREHOUSE SUBSIDIARY II CO., INC. (formerly known as SHOW INDUSTRIES, INC.), a California corporation, and WHEREHOUSE SUBSIDIARY III CO., INC. (formerly known as BLOCKBUSTER SC MUSIC CORPORATION), a Delaware corporation (each a "Company," and collectively the "Companies"), each of the TRADE CREDITORS listed on the signature pages hereof (the "Trade Creditors"), and UNITED STATES TRUST COMPANY OF NEW YORK, a New York banking corporation, in its capacity as Collateral Agent for the Trade Creditors. Capitalized terms used herein without other definition have the respective meanings assigned or referred to in Section 1.
Benefit of Covenants. The Purchaser declares as trustee for the benefit of the Transferring Employees that the benefit of the covenants contained in paragraphs 7(A) and (B) shall be directly enforceable by each Transferring Employee and by persons claiming through or in respect of them.
