Common use of Borrower Not Beneficiary Clause in Contracts

Borrower Not Beneficiary. Except for the provisions of §14.9 relating to the appointment of a successor Agent, the provisions of this §14 are solely for the benefit of the Agent and the Lenders, may not be enforced by the Borrower, and except for the provisions of §14.9, may be modified or waived without the approval or consent of the Borrower.

Appears in 26 contracts

Samples: Term Loan Credit Agreement (Plymouth Industrial REIT, Inc.), Credit Agreement (Plymouth Industrial REIT, Inc.), Credit Agreement (City Office REIT, Inc.)

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Borrower Not Beneficiary. Except for the provisions of §14.9 relating to the appointment of a successor Agent, the provisions of this §14 are solely for the benefit of the Agent and the Lenders, may not be enforced by the BorrowerBorrower or any Guarantor, and except for the provisions of §14.9, may be modified or waived without the approval or consent of the Borrower.

Appears in 19 contracts

Samples: Term Loan Agreement (Carter Validus Mission Critical REIT II, Inc.), Credit Agreement (Carter Validus Mission Critical REIT II, Inc.), Credit Agreement (Carter Validus Mission Critical REIT II, Inc.)

Borrower Not Beneficiary. Except for the provisions of §14.9 relating to the appointment of a successor AgentAgent and §14.14, the provisions of this §14 are solely for the benefit of the Agent and the Lenders, may not be enforced by the Borrower, and except for the provisions of §14.914.9 and §14.14, may be modified or waived without the approval or consent of the Borrower.

Appears in 7 contracts

Samples: Credit Agreement (QTS Realty Trust, Inc.), Term Loan Agreement (QualityTech, LP), Credit Agreement (QTS Realty Trust, Inc.)

Borrower Not Beneficiary. Except for the provisions of §14.9 12.9 relating to the appointment of a successor Agent, the provisions of this §14 Article XII are solely for the benefit of the Agent and the Lenders, may not be enforced by the Borrower, and except for the provisions of §14.912.9, may be modified or waived without the approval or consent of the Borrower.

Appears in 5 contracts

Samples: Term Credit Agreement, Term Credit Agreement (STORE CAPITAL Corp), Credit Agreement (STORE CAPITAL Corp)

Borrower Not Beneficiary. Except for the provisions of §14.9 relating to the appointment of a successor Agent, the provisions of this §14 are solely for the benefit of the Agent and the LendersBanks, may not be enforced by the BorrowerBorrower or any Guarantor, and except for the provisions of §14.9, may be modified or waived without the approval or consent of the BorrowerBorrower and Xxxxxxxxxx.

Appears in 5 contracts

Samples: Unsecured Term Loan Agreement (Ramco Gershenson Properties Trust), Unsecured Term Loan Agreement (Ramco Gershenson Properties Trust), Unsecured Master Loan Agreement (Ramco Gershenson Properties Trust)

Borrower Not Beneficiary. Except for the provisions of §14.9 relating to the appointment of a successor Agent, the provisions of this §14 are solely for the benefit of the Agent and the LendersBanks, may not be enforced by the BorrowerBorrower or any Guarantor, and except for the provisions of §14.9, may be modified or waived without the approval or consent of the BorrowerBorrower and Guarantors.

Appears in 5 contracts

Samples: Revolving Credit Agreement (Ramco Gershenson Properties Trust), Secured Master Loan Agreement (Ramco Gershenson Properties Trust), Secured Master Loan Agreement (Ramco Gershenson Properties Trust)

Borrower Not Beneficiary. Except for the provisions of §14.9 relating to the appointment of a successor Agent, the provisions of this §14 are solely for the benefit of the Agent and the Lenders, may not be enforced by the Borrower, and except for the provisions of §14.9, may be modified or waived without the approval or consent of the Borrower.

Appears in 3 contracts

Samples: Credit Agreement (Dupont Fabros Technology, Inc.), Credit Agreement (Dupont Fabros Technology, Inc.), Credit Agreement (Dupont Fabros Technology, Inc.)

Borrower Not Beneficiary. Except for the provisions of §14.9 relating to the appointment of a successor Agent, the provisions of this §14 are solely for the benefit of the Agent and the Lenders, may not be enforced by the BorrowerBorrower or any Guarantor, and except for the provisions of §14.9, may be modified or waived without the approval or consent of the BorrowerBorrower and Xxxxxxxxxx.

Appears in 3 contracts

Samples: Credit Agreement (Gladstone Commercial Corp), Credit Agreement (Gladstone Commercial Corp), Credit Agreement (Gladstone Commercial Corp)

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Borrower Not Beneficiary. Except for the provisions of §14.9 relating to the appointment of a successor Agent, the provisions of this §14 are solely for the benefit of the Agent and the Lenders, may not be enforced by the BorrowerBorrower or any Guarantor, and except for the provisions of §14.9, may be modified or waived without the approval or consent of the BorrowerBorrower and Gxxxxxxxxx.

Appears in 2 contracts

Samples: Senior Secured Revolving Credit Agreement (Republic Property Trust), Senior Secured Revolving Credit Agreement (Gladstone Commercial Corp)

Borrower Not Beneficiary. Except for the provisions of §14.9 relating to the appointment of a successor Agent, the provisions of this §14 are solely for the benefit of the Agent and the Lenders, may not be enforced by the BorrowerBorrower or any Guarantor, and except for the provisions of §14.9, may be modified or waived without the approval or consent of the BorrowerBorrower and Guarantors.

Appears in 2 contracts

Samples: Credit Agreement (Gladstone Commercial Corp), Credit Agreement (Gladstone Commercial Corp)

Borrower Not Beneficiary. Except for the provisions of §14.9 relating to the appointment of a successor Agent, the provisions of this §14 are solely for the benefit of the Agent and the LendersBanks, may not be enforced by the BorrowerBorrower or any Guarantor, and except for the provisions of §14.9, may be modified or waived without the approval or consent of the BorrowerBorrower and Gxxxxxxxxx.

Appears in 1 contract

Samples: Unsecured Term Loan Agreement (Ramco Gershenson Properties Trust)

Borrower Not Beneficiary. Except for the provisions of §14.9 13.9 relating to the appointment of a successor Agent, the provisions of this §14 13 are solely for the benefit of the Agent and the Lenders, may not be enforced by the BorrowerBorrower or any Guarantor, and except for the provisions of §14.913.9, may be modified or waived without the approval or consent of the BorrowerBorrower or Guarantors.

Appears in 1 contract

Samples: Senior Secured Term Loan Agreement (Cogdell Spencer Inc.)

Borrower Not Beneficiary. Except for the provisions of §14.9 relating to the appointment of a successor Agent, and the provisions of §14.12 the provisions of this §Article 14 are solely for the benefit of the Agent and the Lenders, may not be enforced by the Borrower, and except for the provisions of §14.9, may be modified or waived without the approval or consent of the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Highlands REIT, Inc.)

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