Common use of Parties Intended to be Benefited Clause in Contracts

Parties Intended to be Benefited. All of the understandings, covenants, and agreements contained herein are solely for the benefit of the Senior Agent, the Senior Lenders, the Subordinated Lender, their respective successors and assigns, and future holders of the Senior Debt and the Subordinated Debt, respectively, and there are no other parties, including any Obligor or any of their creditors, successors, or assigns, which are intended to be benefited, in any way, by this Agreement.

Appears in 2 contracts

Samples: Intercreditor and Subordination Agreement (Wentworth Energy, Inc.), Intercreditor and Subordination Agreement (Wentworth Energy, Inc.)

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Parties Intended to be Benefited. All of the understandings, covenants, and agreements contained herein are solely for the benefit of the Senior Agent, the Senior Lenders, the Subordinated LenderJunior Agent, the Junior Lenders, their respective successors and assigns, and future holders of the Senior Debt Indebtedness and the Subordinated Debt, Junior Indebtedness respectively, and there are no other parties, including any the Obligor or any of their creditors, successors, or assigns, which are intended to be benefited, in any way, by this Agreement.

Appears in 1 contract

Samples: Intercreditor and Subordination Agreement (Firepond, Inc.)

Parties Intended to be Benefited. All of the understandings, covenants, and agreements contained herein are solely for the benefit of the Senior Agent, Lender and the Senior Lenders, the Subordinated LenderJunior Creditors, their respective successors and assigns, and future holders of the Senior Debt Indebtedness and the Subordinated Debt, Junior Indebtedness respectively, and there are no other parties, including any Obligor or any of their creditors, successors, or assigns, which are intended to be benefited, in any way, by this Agreement.

Appears in 1 contract

Samples: Intercreditor and Subordination Agreement (Enherent Corp)

Parties Intended to be Benefited. All of the understandings, covenants, and agreements contained herein are solely for the benefit of the Senior Agent, the Senior Lenders, the Subordinated Junior Lender, their respective successors and assigns, and future holders of the Senior Debt Indebtedness and the Subordinated Debt, Junior Indebtedness respectively, and there are no other parties, including any Obligor or any of their creditors, successors, or assigns, which are intended to be benefited, in any way, by this Agreement.

Appears in 1 contract

Samples: Intercreditor and Subordination Agreement (AFG Enterprises USA, Inc.)

Parties Intended to be Benefited. All of the understandings, covenants, and agreements contained herein are solely for the benefit of the Senior Agent, the Senior LendersNoteholders, the Subordinated LenderJunior Obligee, their respective successors and assigns, and future holders of the Senior Debt Obligations and the Subordinated Debt, Junior Obligations respectively, and there are no other parties, including any Obligor the Company or any of their creditors, successors, or assigns, which are intended to be benefited, in any way, by this Agreement.

Appears in 1 contract

Samples: Subordination Agreement (Answers CORP)

Parties Intended to be Benefited. All of the understandings, covenants, and agreements contained herein are solely for the benefit of the Senior Agent, the Senior Lenders, the Subordinated LenderAgent and Junior Creditor, their respective successors and assigns, and the present and future holders of the Senior Debt Obligations and the Subordinated Debt, Junior Obligations respectively, and there are no other parties, including any Obligor Borrower or any of their creditors, successors, successors or assigns, which are intended to be benefited, in any way, by this Agreement.

Appears in 1 contract

Samples: Subordination Agreement (MTM Technologies, Inc.)

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Parties Intended to be Benefited. All of the understandings, covenants, and agreements contained herein are solely for the benefit of the Senior Facility Agent, the Senior LendersFacility Creditors, the Subordinated LenderTrustee and the Noteholders, their respective successors and assigns, and future holders of the Senior Debt Indebtedness and the Subordinated Debt, Noteholder Indebtedness respectively, and there are no other parties, including any the Obligor or any of their creditors, successors, or assigns, which are intended to be benefited, in any way, by this Agreement.

Appears in 1 contract

Samples: Intercreditor Agreement (Velocity Express Corp)

Parties Intended to be Benefited. All of the understandings, covenants, and agreements contained herein are solely for the benefit of the Senior Agent, the Senior Lenders, the Subordinated LenderTrustee and the Noteholders, their respective successors and assigns, and future holders of the Senior Debt Indebtedness and the Subordinated Debt, Junior Indebtedness respectively, and there are no other parties, including any Obligor or any of their creditors, successors, or assigns, which are intended to be benefited, in any way, by this Agreement.

Appears in 1 contract

Samples: Intercreditor and Subordination Agreement (Abraxas Petroleum Corp)

Parties Intended to be Benefited. All of the understandings, covenants, and agreements contained herein are solely for the benefit of the Senior Agent, the Senior Lenders, the Senior Subordinated Lender, their respective successors and assigns, and future holders of the Senior Debt Indebtedness and the Senior Subordinated Debt, Indebtedness respectively, and there are no other parties, including any Obligor or any of their creditors, successors, or assigns, which are intended to be benefited, in any way, by this Agreement.

Appears in 1 contract

Samples: Intercreditor and Subordination Agreement (Spatialight Inc)

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