Common use of Governing Law; No Third Party Rights Clause in Contracts

Governing Law; No Third Party Rights. This Agreement, the Notes and the other Loan Documents and the rights and obligations of the parties hereunder and thereunder shall be governed by and construed and interpreted in accordance with the internal Laws of the State of Illinois applicable to contracts made and to be performed wholly within such state, without regard to choice or conflicts of law principles. This Agreement is solely for the benefit of the parties hereto and their respective successors and assigns, and no other Person shall have any right, benefit, priority or interest under, or because of the existence of, this Agreement.

Governing Law; No Third Party Rights. This Agreement, the Notes and the other Loan Documents and the rights and obligations of the parties hereunder and thereunder shall Agreement is to be governed by and construed and interpreted in accordance with the internal Laws of the State of Illinois applicable to contracts made and to be performed wholly within such state, without regard to choice or conflicts of law principles; except that the provisions of this Agreement pertaining to the creation or perfection of a security interest in or the enforcement of rights in the Collateral which is located in a state other than the State of Illinois shall governed by the by the laws of such other state. This Agreement is solely for the benefit of the parties hereto and the Lenders and their respective successors and assignsassigns pursuant to the terms of the Loan Agreement, and no other Person shall have person has any right, benefit, priority or interest under, or because of the existence of, this Agreement.