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 Lender and Creditor, and no other party (including Borrower, any other Obligor, or any of their creditors, successors, or assigns) is intended to be benefited, in any way, by this Agreement.

Appears in 4 contracts

Samples: Subordination and Intercreditor Agreement (TRANS LUX Corp), Mutual Lien Intercreditor Agreement (TRANS LUX Corp), Mutual Lien Intercreditor Agreement (TRANS LUX Corp)

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Parties Intended to be Benefited. All of the understandings, covenants, and agreements contained herein are solely for the benefit of Lender Senior Creditors and CreditorSubordinated Creditors, and there are no other party (parties, including Borrower, any other Obligor, Debtor or any of their the creditors, successors, or assigns) is assigns of Debtor, which are intended to be benefited, in any way, by this Agreement.

Appears in 1 contract

Samples: Intercreditor and Subordination Agreement (Samuels Jewelers Inc)

Parties Intended to be Benefited. All of the understandings, covenants, and agreements contained herein are solely for the benefit of Lender Senior Creditors and CreditorSubordinated Creditors, and there are no other party (parties, including Borrower, any other Obligor, Obligors or any of their the creditors, successors, or assigns) is assigns of Obligors, which are intended to be benefited, in any way, by this Agreement.

Appears in 1 contract

Samples: Intercreditor and Subordination Agreement (Buca Financing LLC)

Parties Intended to be Benefited. All of the understandings, covenants, and agreements contained herein are solely for the benefit of Lender and Senior Creditor, Subordinated Creditors and the Administrative Agent, and there are no other party (parties, including Borrower, any other Obligor, Debtor or any of their the creditors, successors, or assigns) is assigns of Debtor, which are intended to be benefited, in any way, by this Agreement.

Appears in 1 contract

Samples: Intercreditor and Subordination Agreement (Small World Kids 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 Lender the Parties, their successors and Creditorassigns, and the Secured Parties, and there are no other party (parties, including Borrowerthe Parent, any other Obligor, the Borrowers or any of its or their creditors, successors, or assigns) is , which are intended to be benefited, benefited in any way, way by this Agreement.

Appears in 1 contract

Samples: Subordination Agreement (Fibernet Telecom Group Inc\)

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