Common use of Benefits of Article Clause in Contracts

Benefits of Article. None of the provisions of this Article shall inure to the benefit of any Person other than Lenders and, with respect to Section 10.1(b), the Borrower; consequently, no such other Person shall be entitled to rely upon, or to raise as a defense, in any manner whatsoever, the failure of the Administrative Agent or any Lender to comply with such provisions.

Appears in 3 contracts

Samples: Credit Agreement (Netcom Systems Inc), Security Agreement (Pillowtex Corp), Credit Agreement (Xircom Inc)

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Benefits of Article. None of the provisions of this Article ------------------- shall inure to the benefit of any Person other than Lenders and, with respect to Section 10.1(b), the Borrower; consequently, no such other Person shall be --------------- entitled to rely upon, or to raise as a defense, in any manner whatsoever, the failure of the Administrative Agent Lender or any Lender to comply with such provisions.

Appears in 3 contracts

Samples: Credit Agreement (Safeguard Scientifics Inc Et Al), Credit Agreement (Compucom Systems Inc), Credit Agreement (Compucom Systems Inc)

Benefits of Article. None of the provisions of this Article shall inure to the benefit of any Person other than Lenders and, with respect to Section SECTION 10.1(b), the Borrower; consequently, no such other Person shall be entitled to rely upon, or to raise as a defense, in any manner whatsoever, the failure of the Administrative Agent Lender or any Lender to comply with such provisions.

Appears in 2 contracts

Samples: Credit Agreement (Safeguard Scientifics Inc Et Al), Credit Agreement (Power One Inc)

Benefits of Article. None of the provisions of this Article shall inure to the benefit of any Person other than Lenders and, with respect to Section 10.1(b), the Borrower; consequently, no such other Person shall be entitled to rely upon, or to raise as a defense, in any manner whatsoever, the failure of the Administrative Agent or any Lender to comply with such provisions.;

Appears in 1 contract

Samples: Security Agreement (Pillowtex Corp)

Benefits of Article. None of the provisions of this Article shall inure to the benefit of any Person other than Lenders and, with respect to Section 10.1(b), or the Borrower, as applicable; consequently, no such Person other Person than Lenders or the Borrower shall be entitled to rely upon, or to raise as a defense, in any manner whatsoever, the failure of the Administrative Agent Lender or any Lender to comply with such provisions.. ARTICLE 11

Appears in 1 contract

Samples: Credit Agreement (Clear Channel Communications Inc)

Benefits of Article. None of the provisions of this Article shall inure to the benefit of any Person other than Lenders and, with respect to Section SECTION 10.1(b), the Borrower; consequently, no such other Person shall be entitled to rely upon, or to raise as a defense, in any manner whatsoever, the failure of the Administrative Agent or any Lender to comply with such provisions.

Appears in 1 contract

Samples: Credit Agreement (Netcom Systems Inc)

Benefits of Article. None of the provisions of this Article shall inure to the benefit of any Person other than Lenders and, with respect to Section 10.1(b)) hereof, the Borrower; consequently, no such other Person shall be entitled to rely upon, or to raise as a defense, in any manner whatsoever, the failure of the Administrative Agent or any Lender to comply with such provisions.

Appears in 1 contract

Samples: Credit Agreement (Uk Abba Products Inc)

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Benefits of Article. None of the provisions of this ------------------- Article shall inure to the benefit of any Person other than Lenders and, with respect to Section 10.1(b), the Borrower; consequently, no such other Person --------------- shall be entitled to rely upon, or to raise as a defense, in any manner whatsoever, the failure of the Administrative Agent or any Lender to comply with such provisions.

Appears in 1 contract

Samples: Credit Agreement (Sunterra Corp)

Benefits of Article. None of the provisions of this Article shall ------------------- inure to the benefit of any Person other than Lenders and, with respect to Section 10.1(b), the Borrower; consequently, no such other Person shall be --------------- entitled to rely upon, or to raise as a defense, in any manner whatsoever, the failure of the Administrative Agent Lender or any Lender to comply with such provisions.

Appears in 1 contract

Samples: Credit Agreement (Signature Resorts Inc)

Benefits of Article. None of the provisions of this Article ------------------- shall inure to the benefit of any Person other than Lenders and, with respect to Section 10.1(b), the Borrower; consequently, no such other Person shall be --------------- entitled to rely upon, or to raise as a defense, in any manner whatsoever, the failure of the Administrative Agent or any Lender to comply with such provisions.

Appears in 1 contract

Samples: Credit Agreement (Doskocil Manufacturing Co Inc)

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