Common use of Relationship of Parties; No Third Party Beneficiaries Clause in Contracts

Relationship of Parties; No Third Party Beneficiaries. Nothing in this Agreement shall be construed to alter the existing debtor-creditor relationship between Borrower and Lender, nor is this Agreement intended to change or affect in any way the relationship between Lender and Guarantor to one other than a debtor-creditor relationship. This Agreement is not intended, nor shall it be construed, to create a partnership or joint venture relationship between or among any of the parties hereto. No Person other than a party hereto is intended to be a beneficiary hereof and no Person other than a party hereto shall be authorized to rely upon or enforce the contents of this Agreement.

Appears in 3 contracts

Samples: Extension Agreement, Extension Agreement (Lynch Corp), Extension Agreement (Lynch Corp)

AutoNDA by SimpleDocs

Relationship of Parties; No Third Party Beneficiaries. Nothing in this Agreement shall be construed to alter the existing debtor-creditor relationship between Borrower Borrowers and Lenderany Lender Party, nor is this Agreement intended to change or affect in any way the relationship between any Lender Party and Guarantor to one other than a debtor-creditor relationship. This Agreement is not intended, nor shall it be construed, to create a partnership or joint venture relationship between or among any of the parties hereto. No Person other than a party hereto is intended to be a beneficiary hereof and no Person other than a party hereto shall be authorized to rely upon or enforce the contents of this Agreement.

Appears in 3 contracts

Samples: Loan and Security Agreement (Forbes Energy Services Ltd.), Forbearance Agreement and Fourth (Forbes Energy Services Ltd.), Loan and Security Agreement (Forbes Energy Services Ltd.)

Relationship of Parties; No Third Party Beneficiaries. Nothing in this Agreement shall be construed to alter the existing debtor-creditor relationship between Borrower the Borrowers and Lender, nor is this Agreement intended to change or affect in any way the relationship between Lender and Guarantor to one other than a debtor-creditor relationshipForbearing Lenders. This Agreement is not intended, nor shall it be construed, to create a partnership or joint venture relationship between or among any of the parties Parties hereto. No Person Except as otherwise expressly provided in Section 8 or Section 11 of this Agreement with respect to any Revolving Lender, no person other than a party Party hereto is intended to be a beneficiary hereof and no Person person other than a party Party hereto shall be authorized to rely upon or enforce the contents of this Agreement.

Appears in 2 contracts

Samples: Forbearance Agreement (GTT Communications, Inc.), Forbearance Agreement (GTT Communications, Inc.)

Relationship of Parties; No Third Party Beneficiaries. Nothing in this Agreement shall be construed to alter the existing debtor-creditor relationship between Borrower among Borrowers, Agents and LenderLenders, nor is this Agreement intended to change or affect in any way the relationship between Lender among Agents, Lenders and Guarantor Guarantors to one other than a debtor-creditor relationship. This Agreement is not intended, nor shall it be construed, to create a partnership or joint venture relationship between or among any of the parties hereto. No Person other than a party hereto is intended to be a beneficiary hereof and no Person other than a party hereto shall be authorized to rely upon or enforce the contents of this Agreement.

Appears in 1 contract

Samples: Forbearance Agreement (Dyersburg Corp)

Relationship of Parties; No Third Party Beneficiaries. Nothing in this Agreement shall be construed to alter the existing debtor-debtor- creditor relationship between Borrower and Lender, nor is this Agreement intended to change or affect in any way the relationship between Lender and Guarantor to one other than a debtor-creditor relationshipCreditors. This Agreement is not intended, nor shall it be construed, to create a partnership or joint venture relationship between or among any of the parties hereto. No Person other than a party hereto is intended to be a beneficiary hereof and no Person other than a party hereto shall be authorized to rely upon or enforce the contents of this Agreement. Nothing in this Agreement shall be construed to amend, modify or alter in any way any of the terms or provisions of or agreements set forth in the Prior Forbearance Agreement.

Appears in 1 contract

Samples: Forbearance Agreement (Texfi Industries Inc)

AutoNDA by SimpleDocs

Relationship of Parties; No Third Party Beneficiaries. Nothing in this Agreement shall be construed to alter the existing debtor-creditor relationship between Borrower among Borrower, Agent and Lenderthe Lenders, nor is this Agreement intended to change or affect in any way the relationship between among Agent and/or any Lender and Guarantor Borrower to one other than a debtor-creditor relationship. This Agreement is not intended, nor shall it be construed, to create a partnership or joint venture relationship between or among any of the parties hereto. No Person other than a party hereto is intended to be a beneficiary hereof and no Person other than a party hereto shall be authorized to rely upon or enforce the contents of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Tandy Brands Accessories Inc)

Relationship of Parties; No Third Party Beneficiaries. Nothing in this Agreement shall be construed to alter the existing debtor-creditor relationship between any Borrower and Lender, nor is this Agreement intended to change or affect in any way the relationship between Lender and Guarantor to one other than a debtor-creditor relationship. This Agreement is not intended, nor shall it be construed, to create a partnership or joint venture relationship between or among any of the parties hereto. No Person other than a party hereto is intended to be a beneficiary hereof and no Person other than a party hereto shall be authorized to rely upon or enforce the contents of this Agreement.

Appears in 1 contract

Samples: Forbearance and Amendment Agreement (Imperial Industries Inc)

Relationship of Parties; No Third Party Beneficiaries. Nothing in this Agreement shall be construed to alter the existing debtor-creditor relationship between Borrower and Lenderto, nor is this Agreement intended to to, alter, change or affect in any way the relationship between Lender among the Agent, the Lenders and Guarantor the Loan Parties to one other than a debtor-creditor relationship. This Agreement is not intended, nor shall it be construed, to create a partnership or joint venture relationship between or among any of the parties hereto. No Person other than a party hereto is intended to be a beneficiary hereof and no Person other than a party hereto shall be authorized to rely upon or enforce the contents of this Agreement.

Appears in 1 contract

Samples: Forbearance and Modification Agreement (Body Central Corp)

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