No Third Party Beneficiaries; Successors and Assigns. This Agreement and the rights and benefits hereof shall inure to the benefit of, and be binding upon, each of the parties hereto and their respective successors and assigns and shall inure to the benefit of each of, and be binding upon, the holders of ABL Claims and Term Loan Claims. No other Person shall have or be entitled to assert rights or benefits hereunder. Without limiting the generality of the foregoing, any person to whom a Lender assigns or otherwise transfers all or any portion of the ABL Claims or the Term Loan Claims, as applicable, in accordance with the applicable ABL Loan Documents or Term Loan Documents, as the case may be, shall become vested with all the rights and obligations in respect thereof granted to such Lenders, without any further consent or action of the other Lenders.
Appears in 3 contracts
Samples: Intercreditor Agreement (AZEK Co Inc.), Intercreditor Agreement (CPG Newco LLC), Intercreditor Agreement (CPG Newco LLC)
No Third Party Beneficiaries; Successors and Assigns. This Agreement and the rights and benefits hereof shall inure to the benefit of, and be binding upon, each of the parties hereto and their respective successors and assigns and shall inure to the benefit of each of, and be binding upon, the holders of ABL Claims and Term Loan Term/Note Claims. No other Person shall have or be entitled to assert rights or benefits hereunder; provided that the Company is an intended third party beneficiary of Section 9.3. Without limiting the generality of the foregoing, any person to whom a Lender Holder assigns or otherwise transfers all or any portion of the ABL Claims or the Term Loan Term/Note Claims, as applicable, in accordance with the applicable ABL Loan Documents or Term Loan Term/Note Documents, as the case may be, shall become vested with all the rights and obligations in respect thereof granted to such LendersHolders, without any further consent or action of the other LendersHolders.
Appears in 2 contracts
Samples: Abl Credit Agreement (Pyxus International, Inc.), Abl/Term Loan/Notes Intercreditor Agreement (Pyxus International, Inc.)
No Third Party Beneficiaries; Successors and Assigns. This Agreement and the rights and benefits hereof shall inure to the benefit of, and be binding upon, each of the parties hereto and their respective successors and assigns and shall inure to the benefit of each of, and be binding upon, the holders of ABL Claims Obligations and Term Loan ClaimsObligations. No other Person shall have or be entitled to assert rights or benefits hereunder. Without limiting the generality of the foregoing, any person to whom a Lender Secured Party assigns or otherwise transfers all or any portion of the ABL Claims Obligations or the Term Loan ClaimsObligations, as applicable, in accordance with the applicable ABL Loan Documents or Term Loan Documents, as the case may be, shall become vested with all the rights and obligations in respect thereof granted to such LendersSecured Parties, without any further consent or action of the other LendersSecured Parties.
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No Third Party Beneficiaries; Successors and Assigns. This Agreement and the rights and benefits hereof shall inure to the benefit of, and be binding upon, each of the parties hereto and their respective successors and assigns and shall inure to the benefit of each of, and be binding upon, the holders of ABL Claims and Obligations, Term Loan ClaimsObligations, and Notes Obligations. No other Person shall have or be entitled to assert rights or benefits hereunder. Without limiting the generality of the foregoing, any person to whom a Lender Secured Party assigns or otherwise transfers all or any portion of the ABL Claims or Obligations, the Term Loan ClaimsObligations, or Notes Obligations as applicable, in accordance with the applicable ABL Loan Documents or Documents, Term Loan Documents, or Notes Documents, as the case may be, shall become vested with all the rights and obligations in respect thereof granted to such LendersSecured Parties, without any further consent or action of the other LendersSecured Parties.
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