Common use of Benefits of Security Clause in Contracts

Benefits of Security. Nothing in this Security, express or implied, shall give to any Person, other than the parties hereto and their successors hereunder, the holders of Senior Debt and the Holders, any benefit or any legal or equitable right, remedy or claim under this Security.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Iridium World Communications LTD), Limited Liability Company Agreement (Iridium LLC)

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Benefits of Security. Nothing in this Security, express or implied, shall give to any Person, other than the parties hereto hereto, and their successors hereunder, the holders of Senior Debt hereunder and the Holders, Holder any benefit or any legal or equitable right, remedy or claim under this SecurityIndenture.

Appears in 1 contract

Samples: Securities Purchase Agreement (Interliant Inc)

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Benefits of Security. Nothing in this Security, express ------------------- or implied, shall give to any Person, other than the parties hereto hereto, and their successors hereunder, the holders of Senior Debt hereunder and the Holders, Holder any benefit or any legal or equitable right, remedy or claim under this SecurityIndenture.

Appears in 1 contract

Samples: Convertible Note Agreement (Interliant Inc)

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