Common use of No Third Parties Benefitted Clause in Contracts

No Third Parties Benefitted. This Agreement is made and entered into for the sole protection and benefit of Borrower and Bank. No trust fund is created by this Agreement and no other persons or entities including, without limitation, any Collateral Borrower will have any right of action under this Agreement or any right against Bank to obtain any proceeds of the Loan.

Appears in 1 contract

Samples: Loan Agreement (DVL Inc /De/)

AutoNDA by SimpleDocs

No Third Parties Benefitted. This Agreement is made and entered into for the sole protection and benefit of Borrower and BankLender. No trust fund is created by this Agreement and no other persons or entities including, without limitation, any Collateral Borrower will have any right of action under this Agreement or any right against Bank Lender to obtain any proceeds of the Loan.

Appears in 1 contract

Samples: Loan Agreement (Pinnacle Foods Inc)

No Third Parties Benefitted. This Agreement is made and entered into for the sole protection and benefit of the Borrower and Bankthe Lender. No trust fund is created by this Agreement and no other persons Persons or entities including, without limitation, any Collateral Borrower will have any right of action under this Agreement or any right against Bank the Lender to obtain any proceeds of the Loan.

Appears in 1 contract

Samples: Term Loan Agreement (Wells Core Office Income Reit Inc)

No Third Parties Benefitted. This Agreement is made and entered into for the sole protection and benefit of Bank and Borrower and Banktheir successors and assigns. No trust fund is created by this Agreement and no other persons or entities including, without limitation, any Collateral Borrower will shall have any right of action under this Agreement or any right against Bank to obtain any proceeds of the LoanLoan funds.

Appears in 1 contract

Samples: Revolving Loan Agreement (Essex Portfolio Lp)

AutoNDA by SimpleDocs

No Third Parties Benefitted. This Agreement is made and entered into for the sole protection and benefit of the Borrower and the Bank. No trust fund is created by this Agreement and no other persons Persons or entities including, without limitation, any Collateral Borrower will have any right of action under this Agreement or any right against the Bank to obtain any proceeds of the Loan.

Appears in 1 contract

Samples: Loan Agreement (Interstate Hotels Corp)

No Third Parties Benefitted. This Agreement is made and entered into --------------------------- for the sole protection and benefit of Bank and Borrower and Banktheir successors and assigns. No trust fund is created by this Agreement and no other persons or entities including, without limitation, any Collateral Borrower will shall have any right of or action under this Agreement or any right against Bank to obtain any proceeds of the LoanLoan funds.

Appears in 1 contract

Samples: Standing Loan Agreement (Trex Co Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.