Common use of No Partnership; Third Parties Clause in Contracts

No Partnership; Third Parties. Nothing contained in this Agreement shall be construed in a manner to create any relationship between the Guarantor and any of the Lenders other than the relationship of guarantor and lenders and the Guarantor and the Lenders shall not be considered partners or co-venturers for any purpose. The terms and provisions of this Agreement are for the benefit of the Lenders and their respective successors, assigns, endorsees and transferees and all persons claiming under or through it and no other person shall have any right or cause of action on account thereof. The Lenders have no obligation to make any advance of any Loans for the benefit of the Guarantor; the Guarantor has no beneficial interest in the proceeds of the Loans or rights or claims under the Financing Agreement or any of the other Financing Documents. The obligations and liabilities of the Guarantor shall in no manner be affected by the actual use of the proceeds of the Loans or whether the Lenders waive any or all of the conditions to advances set forth in the Financing Agreement.

Appears in 3 contracts

Samples: Payment Agreement (Sunrise Assisted Living Inc), Payment Agreement (Sunrise Assisted Living Inc), Master Guaranty of Payment Agreement (Sunrise Assisted Living Inc)

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No Partnership; Third Parties. Nothing contained in this Agreement shall be construed in a manner to create any relationship between the Guarantor and any of the Lenders Lender other than the relationship of guarantor and lenders lender and the Guarantor and the Lenders Lender shall not be considered partners or co-venturers for any purpose. The terms and provisions of this Agreement are for the benefit of the Lenders Lender and their respective its successors, assigns, endorsees and transferees and all persons claiming under or through it and no other person shall have any right or cause of action on account thereof. The Lenders have Lender has no obligation to make any advance of any Loans loan provided for in the Financing Agreement or otherwise for the benefit of the Guarantor; the Guarantor has no beneficial interest in the proceeds of any of the Loans loans or otherwise under the Obligations or rights or claims under the Financing Agreement or any of the other Financing Documents. The obligations and liabilities of the Guarantor shall in no manner be affected by the actual use of the proceeds of the Loans Loan or otherwise or whether the Lenders waive Lender waives any or all of the conditions to advances set forth in the Financing AgreementAgreement or any of the other Financing Documents.

Appears in 3 contracts

Samples: Payment Agreement (Gp Strategies Corp), Guaranty Of (Trex Co Inc), Guaranty of Payment Agreement (Gp Strategies Corp)

No Partnership; Third Parties. Nothing contained in this Agreement shall be construed in a manner to create any relationship between the Guarantor and any of the Lenders Lender other than the relationship of guarantor and lenders lender and the Guarantor and the Lenders Lender shall not be considered partners or co-venturers for any purpose. The terms and provisions of this Agreement are for the benefit of the Lenders Lender and their respective its successors, assigns, endorsees and transferees and all persons claiming under or through it and no other person shall have any right or cause of action on account thereof. The Lenders have Lender has no obligation to make any advance of any Loans loan provided for in the Financing Agreement or otherwise for the benefit of the Guarantor; the Guarantor has no beneficial interest in the proceeds of any of the Loans loans or otherwise under the Obligations or rights or claims under the Financing Agreement or any of the other Financing Documents. The obligations and liabilities of the Guarantor shall in no manner be affected by the actual use of the proceeds of the Loans Credit Facilities or otherwise or whether the Lenders waive Lender waives any or all of the conditions to advances set forth in the Financing AgreementAgreement or any of the other Financing Documents.

Appears in 2 contracts

Samples: Guaranty of Payment Agreement (Liquidity Services Inc), Guaranty of Payment Agreement (Liquidity Services Inc)

No Partnership; Third Parties. Nothing contained in this Agreement shall be construed in a manner to create any relationship between the Guarantor and any of the Lenders Lender other than the relationship of guarantor and lenders lender and the Guarantor and the Lenders Lender shall not be considered partners or co-venturers for any purpose. The terms and provisions of this Agreement are for the benefit of the Lenders Lender and their respective its successors, assigns, endorsees and transferees and all persons claiming under or through it and no other person shall have any right or cause of action on account thereof. The Lenders have Lender has no obligation to make any advance of any Loans loan provided for in the Credit Agreement or otherwise for the benefit of the Guarantor; the Guarantor has no beneficial interest in the proceeds of any of the Loans loans or otherwise under the Secured Obligations or rights or claims under the Financing Credit Agreement or any of the other Financing Loan Documents. The obligations and liabilities of the Guarantor shall in no manner be affected by the actual use of the proceeds of the Loans credit facilities under the Credit Agreement or otherwise or whether the Lenders waive Lender waives any or all of the conditions to advances set forth in the Financing AgreementCredit Agreement or any of the other Loan Documents.

Appears in 2 contracts

Samples: Guaranty of Payment Agreement (Mam Software Group, Inc.), Guaranty of Payment Agreement (Mam Software Group, Inc.)

No Partnership; Third Parties. Nothing contained in this Agreement shall be construed in a manner to create any relationship between the Guarantor and any of the Lenders Lender other than the relationship of guarantor and lenders Lender and the Guarantor and the Lenders Lender shall not be considered partners a partner or co-venturers venturer for any purpose. The terms and provisions of this Agreement are for the benefit of the Lenders Lender and their respective its successors, assigns, endorsees and transferees and all persons claiming under or through it and no other person shall have any right or cause of action on account thereof. The Lenders have Lender has no obligation to make any advance of any Loans the Loan for the benefit of the Guarantor; the Guarantor has no beneficial interest in the proceeds of the Loans Loan or rights or claims under the Financing Agreement or any of the other Financing Documents. The obligations and liabilities of the Guarantor shall in no manner be affected by the actual use of the proceeds of the Loans Loan or whether the Lenders waive Lender waives any or all of the conditions to advances set forth in the Financing Agreement.

Appears in 1 contract

Samples: Guaranty of Payment Agreement (Sunrise Assisted Living Inc)

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No Partnership; Third Parties. Nothing contained in this Agreement shall be construed in a manner to create any relationship between the Guarantor Guarantors and any of the Lenders Lender other than the relationship of guarantor and lenders Lender and the Guarantor Guarantors and the Lenders Lender shall not be considered partners or co-venturers for any purpose. The terms and provisions of this Agreement are for the benefit of the Lenders Lender and their respective its successors, assigns, endorsees and transferees and all persons claiming under or through it and no other person shall have any right or cause of action on account thereof. The Lenders have Lender has no obligation to make any advance of any Loans the Loan for the benefit of the GuarantorGuarantors; the Guarantor has Guarantors have no beneficial interest in the proceeds of the Loans Loan or rights or claims under the Financing Agreement or any of the other Financing Documents. The obligations and liabilities of the Guarantor Guarantors shall in no manner be affected by the actual use of the proceeds of the Loans Loan or whether the Lenders Lender waive any or all of the conditions to advances set forth in the Financing Agreement.

Appears in 1 contract

Samples: Guaranty of Payment Agreement (Sunrise Assisted Living Inc)

No Partnership; Third Parties. Nothing contained in this Agreement shall be construed in a manner to create any relationship between the Guarantor and any of the Lenders other than the relationship of guarantor and lenders and the Guarantor and the Lenders shall not be considered partners or co-venturers for any purpose. The terms and provisions of this Agreement are for the benefit of the Lenders and their respective successors, assigns, endorsees and transferees and all persons claiming under or through it and no other person shall have any right or cause of action on account thereof. The Lenders have no obligation to make any advance of any Loans for the benefit of the Guarantor; the Guarantor has no beneficial interest in the proceeds of the Loans or rights or claims under the Financing Agreement or any of the other Financing Documents. The obligations and liabilities of the Guarantor shall in no manner be affected by the actual use of the proceeds of the Loans or whether the Lenders waive any or all of the conditions to advances set 21 22 forth in the Financing Agreement.

Appears in 1 contract

Samples: Payment Agreement (Sunrise Assisted Living Inc)

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