Common use of Borrowers Not Beneficiary Clause in Contracts

Borrowers 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 Borrowers, and except for the provisions of §14.9, may be modified or waived without the approval or consent of the Borrowers.

Appears in 11 contracts

Samples: Credit Agreement (Bluerock Residential Growth REIT, Inc.), Credit Agreement (CoreSite Realty Corp), Credit Agreement (Bluerock Residential Growth REIT, Inc.)

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Borrowers 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 Borrowers or the BorrowersGuarantor, and except for the provisions of §14.9, may be modified or waived without the approval or consent of Borrowers or the BorrowersGuarantor.

Appears in 1 contract

Samples: Loan Agreement (Meruelo Richard)

Borrowers 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 Borrowers, and except for the provisions of §§ 14.9, may be modified or waived without the approval or consent of the Borrowers.

Appears in 1 contract

Samples: Term Loan Agreement (CoreSite Realty Corp)

Borrowers 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 BorrowersBorrowers or the Guarantor, and except for the provisions of §14.9, may be modified or waived without the approval or consent of the BorrowersBorrowers and the Xxxxxxxxx.

Appears in 1 contract

Samples: Loan Agreement (Comstock Homebuilding Companies, Inc.)

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Borrowers 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 Borrowers, and except for the provisions of §14.914.9 and §14.14, may be modified or waived without the approval or consent of the Borrowers.

Appears in 1 contract

Samples: Credit Agreement (QTS Realty Trust, Inc.)

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