Common use of Rights of Third Parties Clause in Contracts

Rights of Third Parties. All provisions herein are imposed solely and exclusively for the benefit of the Lender and the Borrower, and no other Person shall have standing to require satisfaction of such provisions in accordance with their terms and any or all of such provisions may be freely waived in whole or in part by the Lender at any time if in its sole discretion it deems it advisable to do so.

Appears in 29 contracts

Samples: Credit Agreement (Exploration Co of Delaware Inc), Credit Agreement (Exploration Co of Delaware Inc), Credit Agreement (Contango Oil & Gas Co)

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Rights of Third Parties. All provisions herein are imposed solely and exclusively for the benefit of the Lender and the Borrower, and no . No other Person shall have any right, benefit, priority, or interest hereunder or as a result hereof or have standing to require satisfaction of such provisions hereof in accordance with their terms terms, and any or all of such provisions may be freely waived in whole or in part by the Lender at any time if in its sole discretion it deems it advisable to do so.

Appears in 14 contracts

Samples: Credit Agreement (Exploration Co of Delaware Inc), Credit Agreement (Southwestern Eagle LLC), Credit Agreement (NPC Holdings Inc)

Rights of Third Parties. All provisions herein are imposed solely and exclusively for the benefit of the Lender parties hereto and the Borrower, their respective successors and no permitted assigns. No other Person shall have standing to require satisfaction of such provisions in accordance with their terms and any or all of such provisions may be freely waived in whole or in part by the Lender at any time if in its sole discretion it deems it advisable to do so.

Appears in 9 contracts

Samples: Credit Agreement (Southern Mineral Corp), Credit Agreement (Goodrich Petroleum Corp), Credit Agreement (Goodrich Petroleum Corp)

Rights of Third Parties. All provisions herein are imposed solely and exclusively for the benefit of the Lender Bank and the Borrower, Borrower and no other Person shall have standing to require satisfaction of such provisions in accordance with their terms or be entitled to assume that Bank will refuse to make advances in the absence of strict compliance with any or all thereof and any or all of such provisions may be freely waived in whole or in part by the Lender Bank at any time if in its sole discretion it deems it advisable to do so.

Appears in 7 contracts

Samples: Revolving Credit Agreement (Eagle Geophysical Inc), Revolving Credit Agreement (Eagle Geophysical Inc), Revolving Credit Agreement (Midland Resources Inc /Tx/)

Rights of Third Parties. All provisions herein are imposed solely and exclusively for the benefit of the Lender and Bank, the Borrower, Borrower and no other Person shall have standing to require satisfaction of such provisions in accordance with their terms or be entitled to assume that the Bank will refuse to make advances in the absence of strict compliance with any or all thereof and any or all of such provisions may be freely waived in whole or in part by the Lender Bank at any time if in its sole discretion it deems it advisable to do so.

Appears in 3 contracts

Samples: Loan Agreement (Nde Environmental Corp), Loan Agreement (Venus Exploration Inc), Credit Agreement (Tengasco Inc)

Rights of Third Parties. All provisions herein are imposed solely and exclusively for the benefit of the Lender and the Borrower, and no Borrowers. No other Person shall have any right, benefit, priority or interest hereunder or as a result hereof or have standing to require satisfaction of such provisions hereof in accordance with their terms terms, and any or all of such provisions may be freely waived in whole or in part by the Lender at any time if in its sole discretion it deems it advisable to do so.

Appears in 3 contracts

Samples: Credit Agreement (GMX Resources Inc), Credit Agreement (Pontotoc Production Inc), Credit Agreement (Alamco Inc)

Rights of Third Parties. All provisions herein are imposed solely and exclusively for the benefit of the Lender Lender, the Borrower and the Borrower, and no Guarantor. No other Person shall have any right, benefit, priority, or interest hereunder or as a result hereof or have standing to require satisfaction of such provisions hereof in accordance with their terms terms, and any or all of such provisions may be freely waived in whole or in part by the Lender at any time if in its sole discretion it deems it advisable to do so.

Appears in 2 contracts

Samples: Credit Agreement (Harken Energy Corp), Credit Agreement (Petroquest Energy Inc)

Rights of Third Parties. All provisions herein are imposed solely and exclusively for the benefit of the Lender Bank and the Borrower, and no . No other Person shall shall, have any right, benefit, priority or interest hereunder or as a result hereof or have standing to require satisfaction of such provisions hereof in accordance with their terms terms, and any or all of such provisions may be freely waived in whole or in part by the Lender Bank at any time if in its sole discretion it deems it advisable to do so.

Appears in 2 contracts

Samples: Loan Agreement (Windsor Energy Resources, Inc.), Loan Agreement (Windsor Energy Resources, Inc.)

Rights of Third Parties. All provisions herein are imposed solely and exclusively for the benefit of the Lender Lender, any other Approved Hedge Counterparties, the Borrower and the Borrower, and no Guarantors. No other Person shall have any right, benefit, priority, or interest hereunder or as a result hereof or have standing to require satisfaction of such provisions hereof in accordance with their terms and any or all of such provisions may be freely waived in whole or in part by the Lender at any time if in its sole discretion it deems it advisable to do soterms.

Appears in 2 contracts

Samples: Credit Agreement (Cross Border Resources, Inc.), Credit Agreement (Royale Energy Inc)

Rights of Third Parties. All provisions herein are imposed solely ----------------------- and exclusively for the benefit of the Lender and the Borrower, and no other Person shall have standing to require satisfaction of such provisions in accordance with their terms and any or all of such provisions may be freely waived in whole or in part by the Lender at any time if in its sole discretion it deems it advisable to do so.

Appears in 2 contracts

Samples: Waiver to Credit Agreement (Contango Oil & Gas Co), Credit Agreement (Contango Oil & Gas Co)

Rights of Third Parties. All provisions herein are imposed solely and exclusively for the benefit of the Lender and the Borrower, Borrower and no the Co-Borrowers. No other Person shall have any right, benefit, priority, or interest hereunder or as a result hereof or have standing to require satisfaction of such provisions hereof in accordance with their terms terms, and any or all of such provisions may be freely waived in whole or in part by the Lender at any time if in its sole discretion it deems it advisable to do so.

Appears in 2 contracts

Samples: Credit Agreement (Southern Mineral Corp), Credit Agreement (Southern Mineral Corp)

Rights of Third Parties. All Subject to the provisions of Section 6.3, all provisions herein are imposed solely and exclusively for the benefit of the Lender and the Borrower, Borrower and no other Person shall have standing to require satisfaction of such provisions in accordance with their terms and any or all of such provisions may be freely waived in whole or in part by the Lender at any time if in its sole discretion it deems it advisable to do so.

Appears in 2 contracts

Samples: Credit Agreement (North Coast Energy Inc / De/), Credit Agreement (North Coast Energy Inc / De/)

Rights of Third Parties. All provisions herein are imposed solely and exclusively for the benefit of the Lender Agent and the Lenders and the Borrower, and no other Person shall have standing to require satisfaction of such provisions in accordance with their terms and any or all of such provisions may be freely waived in whole or in part by the Lender Lenders at any time if in its their sole discretion it deems they deem it advisable to do so.

Appears in 2 contracts

Samples: Credit Agreement (Primeenergy Corp), Credit Agreement (Primeenergy Corp)

Rights of Third Parties. All provisions herein are imposed solely and exclusively for the benefit of the Lender Banks and the BorrowerBorrowers, and no other Person shall have standing to require satisfaction of such provisions in accordance with their terms and any or all of such provisions may be freely waived in whole or in part by the Lender Banks at any time if in its sole discretion it deems it advisable to do so.

Appears in 2 contracts

Samples: Credit Agreement (KCS Energy Inc), Credit Agreement (KCS Energy Inc)

Rights of Third Parties. All provisions herein are imposed solely and exclusively for the benefit of the Lender Agent, Lenders and the Borrower, and no other Person shall have standing to require satisfaction of such provisions in accordance with their terms and any or all of such provisions may be freely waived in whole or in part by the Lender Lenders at any time if in its their sole discretion it deems it advisable to do so.

Appears in 2 contracts

Samples: Credit Agreement (Harken Energy Corp), Credit Agreement (Harken Energy Corp)

Rights of Third Parties. All provisions herein are imposed solely and exclusively for the benefit of the Lender Bank, the Borrower and the Borrower, Guarantors and no other Person shall have standing to require satisfaction of such provisions in accordance with their terms or be entitled to assume that the Bank will refuse to make advances in the absence of strict compliance with any or all thereof and any or all of such provisions may be freely waived in whole or in part by the Lender Bank at any time if in its sole discretion it deems it advisable to do so.

Appears in 1 contract

Samples: Loan Agreement (Saba Petroleum Co)

Rights of Third Parties. All provisions herein are imposed solely and exclusively for the benefit of the Lender Lender, the Borrower and the Borrower, and no Guarantors. No other Person shall have any right, benefit, priority, or interest hereunder or as a result hereof or have standing to require satisfaction of such provisions hereof in accordance with their terms and any or all of such provisions may be freely waived in whole or in part by the Lender at any time if in its sole discretion it deems it advisable to do soterms.

Appears in 1 contract

Samples: Credit Agreement (Evolution Petroleum Corp)

Rights of Third Parties. All provisions herein are imposed solely and ----------------------- exclusively for the benefit of the Lender Bank and the Borrower, and no . No other Person shall have any right, benefit, priority or interest hereunder or as a result hereof or have standing to require satisfaction of such provisions hereof in accordance with their terms terms, and any or all of such provisions may be freely waived in whole or in part by the Lender Bank at any time if in its sole discretion it deems it advisable to do so.

Appears in 1 contract

Samples: Credit Agreement (Cmi Corp)

Rights of Third Parties. All provisions herein are imposed solely and exclusively for the benefit of the Lender and Bank, the Borrower, and no . No other Person shall shall, have any right, benefit, priority or interest hereunder or as a result hereof or have standing to require satisfaction of such provisions hereof in accordance with their terms terms, and any or all of such provisions may be freely waived in whole or in part by the Lender Bank at any time if in its sole discretion it deems it advisable to do so.

Appears in 1 contract

Samples: Loan Agreement (Hiland Holdings GP, LP)

Rights of Third Parties. All provisions herein are imposed solely and exclusively for the benefit of the Lender and the Borrowerparties hereto, and no other Person shall have standing to require satisfaction of such provisions in accordance with their terms and any or all of such provisions may be freely waived in whole or in part by the Lender at any time if in its sole discretion it deems it advisable to do so.

Appears in 1 contract

Samples: Credit Agreement (Platinum Energy Resources Inc)

Rights of Third Parties. All provisions herein are imposed solely and exclusively for the benefit of the Lender and Bank, the Borrower, Borrowers and no other Person shall have standing to require satisfaction of such provisions in accordance with their terms or be entitled to assume that the Bank will refuse to make advances in the absence of strict compliance with any or all thereof and any or all of such provisions may be freely waived in whole or in part by the Lender Bank at any time if in its sole discretion it deems it advisable to do so.

Appears in 1 contract

Samples: Credit Agreement (Cheniere Energy Inc)

Rights of Third Parties. All provisions herein are imposed solely and exclusively for the benefit of the Lender Borrower, 3TEC, and the Borrower, and no Lenders. No other Person shall have any right, benefit, priority or interest hereunder or as a result hereof or have standing to require satisfaction of such provisions hereof in accordance with their terms terms; and any or all of such provisions may be freely waived in whole or in part by the Lender Lenders at any time if in its their sole discretion it deems it advisable to do so.

Appears in 1 contract

Samples: Subordination Agreement (Middle Bay Oil Co Inc)

Rights of Third Parties. All provisions herein are imposed solely and exclusively for the benefit of the Lender Lender, any other Approved Hedge Counterparties and the Borrower, and no . No other Person shall have any right, benefit, priority or interest hereunder or as a result hereof or have standing to require satisfaction of such provisions hereof in accordance with their terms and any or all of such provisions may be freely waived in whole or in part by the Lender at any time if in its sole discretion it deems it advisable to do soterms.

Appears in 1 contract

Samples: Credit Agreement (NiMin Energy Corp.)

Rights of Third Parties. All provisions herein are imposed solely and ----------------------- exclusively for the benefit of the Lender and the Borrower, and no other Person shall have standing to require satisfaction of such provisions in accordance with their terms and any or all of such provisions may be freely waived in whole or in part by the Lender at any time if in its sole discretion it deems it advisable to do so.

Appears in 1 contract

Samples: Credit Agreement (Contango Oil & Gas Co)

Rights of Third Parties. All provisions herein are imposed solely and exclusively for the benefit of the Lender Borrower, Parawon, and the Borrower, and no Lender. No other Person shall have any right, benefit, priority or interest hereunder or as a result hereof or have standing to require satisfaction of such provisions hereof in accordance with their terms terms; and any or all of such provisions may be freely waived in whole or in part by the Lender at any time if in its sole discretion it deems it advisable to do so.

Appears in 1 contract

Samples: Subordination Agreement (NPC Holdings Inc)

Rights of Third Parties. All provisions herein are imposed ----------------------- solely and exclusively for the benefit of the Lender Banks and the Borrower, and no . No other Person shall have any right, benefit, priority or interest hereunder or as a result hereof or have standing to require satisfaction of such provisions hereof in accordance with their terms terms, and any or all of such provisions may be freely waived in whole or in part by the Lender Bank at any time if in its sole discretion it deems it advisable to do so.

Appears in 1 contract

Samples: Credit Agreement (Cmi Corp)

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Rights of Third Parties. All provisions herein are imposed ----------------------- solely and exclusively for the benefit of the Lender Lender, the Guarantor and the Borrower, and no . No other Person shall have any right, benefit, priority, or interest hereunder or as a result hereof or have standing to require satisfaction of such provisions hereof in accordance with their terms terms, and any or all of such provisions may be freely waived in whole or in part by the Lender at any time if in its sole discretion it deems it advisable to do so.

Appears in 1 contract

Samples: Credit Agreement (Pendaries Petroleum LTD)

Rights of Third Parties. All provisions herein are imposed solely and exclusively for the benefit of the Lender and the Borrower, and no . No other Person shall have any right, benefit, priority or interest hereunder or as a result hereof or have standing to require satisfaction of such provisions hereof in accordance with their terms terms, and any or all of such provisions may be freely waived in whole or in part by the Lender at any time if in its sole discretion it deems it advisable to do so.

Appears in 1 contract

Samples: Credit Agreement (Fortune Natural Resources Corp)

Rights of Third Parties. All provisions herein are imposed solely and exclusively for the benefit of the Lender Borrower, SFP, and the Borrower, and no Lenders. No other Person shall have any right, benefit, priority or interest hereunder or as a result hereof or have standing to require satisfaction of such provisions hereof in accordance with their terms terms; and any or all of such provisions may be freely waived in whole or in part by the Lender Lenders at any time if in its their sole discretion it deems it advisable to do so.

Appears in 1 contract

Samples: Subordination Agreement (Middle Bay Oil Co Inc)

Rights of Third Parties. All provisions herein are imposed solely and exclusively for the benefit of the Agent, Lender and the Borrower, and no other Person shall have standing to require satisfaction of such provisions in accordance with their terms and any or all of such provisions may be freely waived in whole or in part by the Agent and/or the Lender at any time if in its sole discretion it deems it advisable to do so.

Appears in 1 contract

Samples: Credit Agreement (Harken Energy Corp)

Rights of Third Parties. All provisions herein are imposed solely and exclusively for the benefit of the Lender Borrower, Shoeinvest, and the Borrower, and no Lenders. No other Person shall have any right, benefit, priority or interest hereunder or as a result hereof or have standing to require satisfaction of such provisions hereof in accordance with their terms terms; and any or all of such provisions may be freely waived in whole or in part by the Lender Lenders at any time if in its their sole discretion it deems it advisable to do so.

Appears in 1 contract

Samples: Subordination Agreement (Middle Bay Oil Co Inc)

Rights of Third Parties. All provisions herein are imposed solely and exclusively for the benefit of the Lender and the Borrower, and no . No other Person shall have any right, benefit, priority, or interest hereunder or as a result hereof or have standing to require satisfaction of such provisions hereof in accordance with their terms and any or all of such provisions may be freely waived in whole or in part by the Lender at any time if in its sole discretion it deems it advisable to do soterms.

Appears in 1 contract

Samples: Credit Agreement (Primeenergy Corp)

Rights of Third Parties. All provisions herein are imposed solely and exclusively for the benefit of the Lender and the Borrower, and no Borrowers. No other Person shall have any right, benefit, priority, or interest hereunder or as a result hereof or have standing to require satisfaction of such provisions hereof in accordance with their terms terms, and any or all of such provisions may be freely waived in whole or in part by the Lender at any time if in its sole discretion it deems it advisable to do so.

Appears in 1 contract

Samples: Credit Agreement (United Heritage Corp)

Rights of Third Parties. All provisions herein are imposed solely and exclusively for the benefit of the Lender and Lender, the Borrower, and no other Person shall have standing to require satisfaction of such provisions in accordance with their terms or be entitled to assume that the Lender will refuse to make Loans in the absence of strict compliance with any or all of such provisions; and any or all of such provisions may may, subject to the provisions of Section 9.2 as to the rights of the Lender, be freely waived in whole or in part by the Lender at any time if in its sole discretion it deems it advisable to do so.

Appears in 1 contract

Samples: Credit Agreement (International PetroReal Oil CORP)

Rights of Third Parties. All provisions herein are imposed solely and exclusively for the benefit of the Lender and the Borrower, and no . No other Person shall have any right, benefit, priority, or interest hereunder or as a result hereof or have standing to require satisfaction of such provisions hereof in accordance with their terms terms, and any or all of such provisions may be maybe freely waived in whole or in part by the Lender at any time if in its sole discretion it deems it advisable to do so.

Appears in 1 contract

Samples: Credit Agreement (Rocky Mountain Energy Corp)

Rights of Third Parties. All provisions herein are imposed solely and ----------------------- exclusively for the benefit of the Agent, Lender and the Borrower, and no other Person shall have standing to require satisfaction of such provisions in accordance with their terms and any or all of such provisions may be freely waived in whole or in part by the Agent and/or the Lender at any time if in its sole discretion it deems it advisable to do so.

Appears in 1 contract

Samples: Credit Agreement (Harken Energy Corp)

Rights of Third Parties. All provisions herein are imposed solely and exclusively for the benefit of the Lender Borrower, SP, and the Borrower, and no Lender. No other Person shall have any right, benefit, priority or interest hereunder or as a result hereof or have standing to require satisfaction of such provisions hereof in accordance with their terms terms; and any or all of such provisions may be freely waived in whole or in part by the Lender at any time if in its sole discretion it deems it advisable to do so.

Appears in 1 contract

Samples: Subordination Agreement (Primeenergy Corp)

Rights of Third Parties. All provisions herein are imposed solely and exclusively for the benefit of the Lender Administrative Agent, the Lenders and the Borrower, and no other Person shall have standing to require satisfaction of such provisions in accordance with their terms and any or all of such provisions may be freely waived in whole or in part by the Lender Lenders at any time if in its their sole discretion it deems it advisable to do so.

Appears in 1 contract

Samples: Credit Agreement (Swift Energy Co)

Rights of Third Parties. All provisions herein are imposed solely and ----------------------- exclusively for the benefit of the Lender and the Borrower, and no . No other Person shall have any right, benefit, priority or interest hereunder or as a result hereof or have standing to require satisfaction of such provisions hereof in accordance with their terms terms, and any or all of such provisions may be freely waived in whole or in part by the Lender at any time if in its sole discretion it deems it advisable to do so.

Appears in 1 contract

Samples: Credit Agreement (Canaan Energy Corp)

Rights of Third Parties. All provisions herein are imposed solely and exclusively for the benefit of the Lender and the Borrower, and no Borrowers. No other Person shall have any right, benefit, priority, or interest hereunder or as a result hereof or have standing to require satisfaction of such provisions hereof in accordance with their terms terms, and any or all of such provisions may be freely waived in whole or in part by the Lender at any time if in its sole discretion it deems it advisable to do so.

Appears in 1 contract

Samples: Credit Agreement (Stratum Holdings, Inc.)

Rights of Third Parties. All provisions herein are imposed solely and exclusively for the benefit of the Lender Borrower, Prudential, and the Borrower, and no Lenders. No other Person shall have any right, benefit, priority or interest hereunder or as a result hereof or have standing to require satisfaction of such provisions hereof in accordance with their terms terms; and any or all of such provisions may be freely waived in whole or in part by the Lender Lenders at any time if in its their sole discretion it deems it advisable to do so.

Appears in 1 contract

Samples: Subordination Agreement (Middle Bay Oil Co Inc)

Rights of Third Parties. All provisions herein are imposed solely and exclusively for the benefit of the Lender Lenders and the Borrower, and no . No other Person shall have any right, benefit, priority, or interest hereunder or as a result hereof or have standing to require satisfaction of such provisions hereof in accordance with their terms terms, and any or all of such provisions may be freely waived in whole or in part by the Lender Administrative Agent with the consent of the Majority Lenders at any time if in its sole discretion it deems it advisable to do so.

Appears in 1 contract

Samples: Credit Agreement (Midcoast Energy Resources Inc)

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