Common use of Lender Parties Clause in Contracts

Lender Parties. The provisions of this Article 8. are solely for the benefit of the Agent and the other Lender Parties and the Borrower shall not have any rights to rely on or enforce any of the provisions hereof (except that (i) the provisions of Sections 8.6. and 8.9.5. are also for the benefit of the Borrower and (ii) the Borrower is entitled to rely on any release executed by the Agent as authorized by Section 8.9.). In performing its functions and duties under the Loan Documents, the Agent shall act solely as agent of the Lenders and does not assume and shall not be deemed to have assumed any obligation toward or relationship of agency or trust with or for the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Adflex Solutions Inc)

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Lender Parties. The provisions of this Article 8. are solely for the benefit of the Agent and the other Lender Parties and the Borrower shall not have any rights right to rely on or enforce any of the provisions hereof (except that (i) the provisions of Sections 8.6. and 8.9.5. are also for the benefit of the Borrower and (ii) the Borrower is entitled to rely on any release executed by the Agent as authorized by Section 8.9.). In performing its functions and duties under the Loan Documents, the Agent shall act solely as agent of the Lenders and does not assume and shall not be deemed to have assumed any obligation toward or relationship of agency or trust with or for the Borrower.

Appears in 1 contract

Samples: Secured Credit Agreement (Informix Corp)

Lender Parties. The provisions of this Article 8. 8 are solely for -------------- the benefit of the Agent and the other Lender Parties and the no Borrower shall not have any rights to rely on or enforce any of the provisions hereof (except that (i) the provisions of Sections 8.6. 8.6 and 8.9.5. 8.9.5 are also for the benefit of the each Borrower and (ii) the each Borrower is entitled to rely on any release executed by the Agent as authorized by Section 8.9.). In performing its functions and duties under the Loan Documents, the Agent shall act solely as agent of the Lenders and does not assume and shall not be deemed to have assumed any obligation toward or relationship of agency or trust with or for the any Borrower.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Cotelligent Inc)

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Lender Parties. The provisions of this Article 8. are solely for the benefit of the Agent and the other Lender Parties and the no Borrower shall not have any rights to rely on or enforce any of the provisions hereof (except that (i) the provisions of Sections 8.6. and 8.9.5. are also for the benefit of the each Borrower and (ii) the each Borrower is entitled to rely on any release executed by the Agent as authorized by Section 8.9.). In performing its functions and duties under the Loan Documents, the Agent shall act solely as agent of the Lenders and does not assume and shall not be deemed to have assumed any obligation toward or relationship of agency or trust with or for the Borrower.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Cotelligent Group Inc)

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