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

Conditions Solely for the Benefit of the Lenders. All conditions precedent to the entitlement of the Borrower to any Accommodations hereunder are solely for the benefit of the Lenders, and no other person shall have standing to require satisfaction or fulfilment of any condition precedent or that it be otherwise met 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 the Lenders deem it advisable to do so in their sole discretion.

Appears in 3 contracts

Samples: Third Amending Agreement (Telus Corp), Credit Agreement (Telus Corp), Credit Agreement (Orbital Sciences Corp /De/)

AutoNDA by SimpleDocs

Conditions Solely for the Benefit of the Lenders. All conditions precedent to the entitlement of the Borrower to any Accommodations hereunder are solely for the benefit of the Lenders, and no other person Person shall have standing to require satisfaction or fulfilment of any condition precedent or that it be otherwise met 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 the Lenders deem it advisable to do so in their sole discretion.

Appears in 2 contracts

Samples: Credit Agreement (Kinder Morgan Inc), Credit Agreement (Kinder Morgan Inc)

Conditions Solely for the Benefit of the Lenders. All conditions precedent to the entitlement of the Borrower to any Accommodations hereunder are solely for the benefit of the relevant Lenders, and no other person shall have standing to require satisfaction or fulfilment of any condition precedent or that it be otherwise met 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 such Lenders at any time the such Lenders deem it advisable to do so in their sole discretion.

Appears in 1 contract

Samples: Credit Agreement (Macdonald Dettwiler & Associates LTD)

Conditions Solely for the Benefit of the Lenders. All conditions precedent to the entitlement of the Borrower to any Accommodations hereunder are solely for the benefit of the relevant Issuing Banks or such relevant Lenders, and no other person Person shall have standing to require satisfaction or fulfilment of any condition precedent or that it be otherwise met 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 such Issuing Banks or such Lenders at any time the such Issuing Banks or such Lenders deem it advisable to do so in their sole discretion.

Appears in 1 contract

Samples: Credit Agreement (Maxar Technologies Inc.)

AutoNDA by SimpleDocs

Conditions Solely for the Benefit of the Lenders. All conditions precedent to the entitlement of the Borrower to any Accommodations hereunder are solely for the benefit of the relevant Lenders, and no other person Person shall have standing to require satisfaction or fulfilment of any condition precedent or that it be otherwise met 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 such Lenders at any time the such Lenders deem it advisable to do so in their sole discretion.

Appears in 1 contract

Samples: Restated Credit Agreement (Maxar Technologies Ltd.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!