Common use of Conditions Solely for the Benefit of the Lenders Clause in Contracts

Conditions Solely for the Benefit of the Lenders. All conditions to the obligations of the Lenders to make any Accommodation under the Credit Facilities are solely for the benefit of the Lenders, and no other person shall have standing to require satisfaction of any condition and no other person shall be deemed to be a beneficiary of any such condition, any and all of which may be freely waived in whole or in part by the Lenders at any time.

Appears in 4 contracts

Samples: Postponement Agreement (Pope & Talbot Inc /De/), Credit Agreement (Pope & Talbot Inc /De/), Credit Agreement (Pope & Talbot Inc /De/)

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Conditions Solely for the Benefit of the Lenders. All conditions to the obligations of the Lenders to make any Accommodation under Advance the Credit Facilities Loan are solely for the benefit of the Lenders, Agent and the Lenders and no other person Person shall have standing to require satisfaction of any condition and no other person Person shall be deemed to be a beneficiary of any such condition, any and all of which may be freely waived in whole or in part by the Lenders Agent, for and on behalf of the Lenders, at any timetime that it deems it advisable to do so.

Appears in 2 contracts

Samples: Loan Agreement (Mercer International Inc), Loan Agreement (Mercer International Inc)

Conditions Solely for the Benefit of the Lenders. All conditions to the obligations of the Lenders to make any Accommodation under the Credit Facilities are solely for the benefit of the Lenders, and no other person Person shall have standing to require satisfaction of any condition and no other person Person shall be deemed to be a beneficiary of any such condition, any and all of which may be freely waived in whole or in part by the Lenders at any time.

Appears in 2 contracts

Samples: Credit Agreement (West Fraser Timber Co., LTD), Credit Agreement (West Fraser Timber Co., LTD)

Conditions Solely for the Benefit of the Lenders. All conditions to the obligations of the Lenders to make any Accommodation under the Credit Facilities Facility are solely for the benefit of the Lenders, and no other person shall have standing to require satisfaction of any condition and no other person shall be deemed to be a beneficiary of any such condition, any and all of which may be freely waived in whole or in part by the Lenders at any time.

Appears in 1 contract

Samples: Credit Agreement (Crystal Springs of Seattle Inc)

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Conditions Solely for the Benefit of the Lenders. All conditions to the obligations of the Lenders to make any Accommodation under any of the Credit Facilities are solely for the benefit of the Lenders, and no other person shall have standing to require satisfaction of any condition and no other person shall be deemed to be a beneficiary of any such condition, any and all of which may be freely waived in whole or in part by the Lenders at any time.

Appears in 1 contract

Samples: Credit Agreement (Sparkling Spring Water Group LTD)

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