Common use of No Third Party Beneficiaries; Successors and Assigns Clause in Contracts

No Third Party Beneficiaries; Successors and Assigns. The Lien Priority set forth in this Agreement and the rights and benefits hereunder in respect of such Lien Priority shall inure solely to the benefit of the First Lien Representatives, the other First Lien Secured Parties, the Second Lien Representatives and the other Second Lien Secured Parties, and their respective permitted successors and assigns, and except as expressly set forth herein, no other Person (including the Loan Parties, or any trustee, receiver, debtor-in-possession or bankruptcy estate in a bankruptcy or like proceeding) shall have or be entitled to assert such rights. Nothing in this Agreement is intended to or shall impair the obligations of Holdings or any other Grantor, which are absolute and unconditional, to pay the First Lien Obligations and the Second Lien Obligations as and when the same shall become due and payable in accordance with their terms.

Appears in 3 contracts

Samples: Indenture (Pactiv Evergreen Inc.), Indenture (Pactiv Evergreen Inc.), Senior Secured Notes Indenture (Reynolds Group Holdings LTD)

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No Third Party Beneficiaries; Successors and Assigns. The Lien Priority lien priorities set forth in this Agreement and the rights and benefits hereunder in respect of such Lien Priority lien priorities shall inure solely to the benefit of the First Lien RepresentativesPriority Agents, the other First Lien Priority Secured Parties, the Second Third Lien Representatives Collateral [Agent][Trustee] and the other Second Third Lien Secured Parties, the Grantors, and their respective permitted successors and assigns, and except as expressly set forth herein, no other Person (including the Loan Parties, or any trustee, receiver, debtor-in-debtor in possession or bankruptcy estate in a bankruptcy or like proceeding) shall have or be entitled to assert such rights. Nothing in this Agreement is intended to or shall impair the rights or obligations of Holdings the Borrower or any other Grantor, which obligations are absolute and unconditional, to pay the First Lien Priority Obligations and the Second Third Lien Obligations as and when the same shall become due and payable in accordance with their terms.

Appears in 2 contracts

Samples: Indenture (Ultra Petroleum Corp), Exchange Agreement (Ultra Petroleum Corp)

No Third Party Beneficiaries; Successors and Assigns. The Lien Priority lien priorities set forth in this Agreement and the rights and benefits hereunder in respect of such Lien Priority priorities shall inure solely to the benefit of the First Lien Priority Representatives, the other First Lien Priority Secured Parties, the Second Lien Priority Representatives and the other Second Lien Priority Secured Parties, and their respective permitted successors and assigns, and except as expressly set forth herein, no other Person (including the Loan PartiesGrantors, or any trustee, receiver, debtor-in-debtor in possession or bankruptcy estate in a bankruptcy or like proceeding) shall have or be entitled to assert such rights. Nothing in this Agreement is intended to or shall impair the obligations of Holdings the Borrower or any other Grantor, which are absolute and unconditional, to pay the First Lien Priority Debt Obligations and the Second Lien Priority Debt Obligations as and when the same shall become due and payable in accordance with their terms.

Appears in 2 contracts

Samples: First Lien Credit Agreement (KC Holdco, LLC), Second Lien Credit Agreement (KC Holdco, LLC)

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No Third Party Beneficiaries; Successors and Assigns. The Lien Priority lien priorities set forth in this Agreement and the rights and benefits hereunder in respect of such Lien Priority lien priorities shall inure solely to the benefit of the First Lien Super Senior Representatives, the other First Lien Super Senior Secured Parties, the Second First Lien Representatives Priority Representatives, and the other Second First Lien Secured Priority Debt Parties, and their respective permitted successors and assigns, and except as expressly set forth herein, no other Person (including the Loan PartiesGrantors, or any trustee, receiver, debtor-in-possession debtor in possession, or bankruptcy estate in a bankruptcy or like proceeding) shall have or be entitled to assert such rights. Nothing in this Agreement is intended to or shall impair the obligations of Holdings the Borrower or any other Grantor, which are absolute and unconditional, to pay the First Lien Super Senior Obligations and the Second First Lien Priority Debt Obligations as and when the same shall become due and payable in accordance with their terms.

Appears in 1 contract

Samples: Intercreditor Agreement (CPI Card Group Inc.)

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