Derivative Rights. Any obligations of Line of Credit Lenders to make disbursements hereunder is imposed solely and exclusively for the benefit of the Borrower and no other Person shall, under any circumstances, be deemed to be a beneficiary of such condition, nor shall any derivative claim or action against Line of Credit Lenders.
Appears in 2 contracts
Samples: Line of Credit Agreement (Triangle Canna Corp.), Line of Credit Agreement (Triangle Canna Corp.)
Derivative Rights. Any obligations of Line of Credit Lenders Lender to make disbursements hereunder is imposed solely and exclusively for the benefit of the Borrower and no other Person shall, under any circumstances, be deemed to be a beneficiary of such condition, nor shall any derivative claim or action against Line of Credit LendersLender.
Appears in 2 contracts
Samples: Line of Credit Agreement (Lucy Scientific Discovery, Inc.), Line of Credit Agreement (Lucy Scientific Discovery, Inc.)
