Common use of Several Obligations; Benefits of this Agreement Clause in Contracts

Several Obligations; Benefits of this Agreement. The respective obligations of the Lenders hereunder are several and not joint and no Lender shall be the partner or agent of any other (except to the extent to which the Administrative Agent is authorized to act as such). The failure of any Lender to perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. This Agreement shall not be construed so as to confer any right or benefit upon any Person other than the parties to this Agreement and their respective successors and assigns, provided, however, that for avoidance of doubt the Administrative Agent shall enjoy the benefits of the provisions of Sections 9.6, 9.10, 10.11 and the other provisions of this Agreement to the extent specifically set forth therein.

Appears in 1 contract

Samples: Credit Agreement (Hc2 Holdings, Inc.)

AutoNDA by SimpleDocs

Several Obligations; Benefits of this Agreement. The respective obligations of the Lenders hereunder are several and not joint and no Lender shall be the partner or agent of any other (except to the extent to which the Administrative Agent is authorized to act as such). The failure of any Lender to perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. This Agreement shall not be construed so as to confer any right or benefit upon any Person other than the parties to this Agreement and their respective successors and assigns, provided, however, that for avoidance of doubt the Administrative Agent parties hereto expressly agree that the Arranger shall enjoy the benefits of the provisions of Sections 9.6, 9.10, 9.10 and 10.11 and the other provisions of this Agreement to the extent specifically set forth therein.therein and

Appears in 1 contract

Samples: Credit Agreement (Unifab International Inc)

Several Obligations; Benefits of this Agreement. The respective obligations of the Lenders hereunder are several and not joint and no Lender shall be the partner or agent of any other (except to the extent to which the Administrative Agent is authorized to act as such). The failure of any Lender to perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. This Agreement shall not be construed so as to confer any right or benefit upon any Person other than the parties to this Agreement and their respective successors and assigns, provided, however, ; provided that for avoidance of doubt the Administrative Agent parties hereto expressly agree that the Arranger shall enjoy the benefits of the provisions of Sections 9.6, 9.10, 10.11 9.10 and the other provisions of this Agreement 10.9 to the extent specifically set forth thereintherein and shall have the right to enforce such provisions on its own behalf and in its own name to the same extent as if it were a party to this Agreement.

Appears in 1 contract

Samples: Term Loan Agreement (Oklahoma Gas & Electric Co)

Several Obligations; Benefits of this Agreement. The respective obligations of the Lenders hereunder are several and not joint and no Lender shall be the partner or agent of any other (except to the extent to which the Administrative Agent is authorized to act as such). The failure of any Lender to perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. This Agreement shall not be construed so as to confer any right or benefit upon any Person other than the parties to this Agreement and their respective successors and assigns, provided, however, . The parties hereto expressly agree that for avoidance of doubt the Administrative Agent Arranger shall enjoy the benefits of the provisions of Sections 9.69.5, 9.10, 9.8 and 10.11 and the other provisions of this Agreement to the extent specifically set forth thereintherein and shall have the right to enforce such provisions on its own behalf and in its own name.

Appears in 1 contract

Samples: Credit Agreement (Xeta Corp)

Several Obligations; Benefits of this Agreement. The respective obligations of the Lenders hereunder are several and not joint and no Lender shall be the partner or agent of any other (except to the extent to which the Administrative Agent is authorized to act as such). The failure of any Lender to perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. This Agreement shall not be construed so as to confer any right or benefit upon any Person other than the parties to this Agreement and their respective successors and assigns, provided, however, that for avoidance of doubt the Administrative parties hereto expressly, agree that the Collateral Agent shall enjoy the benefits of the provisions of Sections 9.69.1, 9.10, 10.11 9.7 and the other provisions of this Agreement 9.8 to the extent specifically set forth thereintherein and shall have the right to enforce such provisions on its own behalf and in its own name to the same extent as if it were a party to this Agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (Hovnanian Enterprises Inc)

AutoNDA by SimpleDocs

Several Obligations; Benefits of this Agreement. The respective obligations of the Lenders hereunder are several and not joint and no Lender shall be the partner or agent of any other (except to the extent to which the Administrative Agent is authorized to act as such). The failure of any Lender to perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. This Agreement shall not be construed so as to confer any right or benefit upon any Person other than the parties to this Agreement and their respective successors and assigns, provided, however, provided that for avoidance of doubt the Administrative Agent parties hereto expressly agree that the Arrangers shall enjoy the benefits of the provisions of Sections 9.6, 9.10, 9.10 and 10.11 and the other provisions of this Agreement to the extent specifically set forth thereintherein and shall have the right to enforce such provisions on its own behalf and in its own name to the same extent as if it were a party to this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Portland General Electric Co /Or/)

Several Obligations; Benefits of this Agreement. The respective obligations of the Lenders hereunder are several and not joint and no Lender shall be the partner or agent of any other (except to the extent to which the Administrative Agent is authorized to act as such). The failure of any Lender to perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. This Agreement shall not be construed so as to confer any right or benefit upon any Person other than the parties to this Agreement and their respective successors and assigns, provided, however, provided that for avoidance of doubt the Administrative Agent parties hereto expressly agree that each Arranger shall enjoy the benefits of the provisions of Sections 9.6, 9.10, 10.11 and the other provisions of this Agreement to the extent specifically set forth therein.,

Appears in 1 contract

Samples: Credit Agreement (Portland General Electric Co /Or/)

Several Obligations; Benefits of this Agreement. The respective obligations of the Lenders hereunder are several and not joint and no Lender shall be the partner or agent of any other (except to the extent to which the Administrative Agent is authorized to act as such). The failure of any Lender to perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. This Agreement shall not be construed so as to confer any right or benefit upon any Person other than the parties to this Agreement and their respective successors and assigns, provided, however, provided that for avoidance of doubt the Administrative Agent parties hereto expressly agree that this Arranger shall enjoy the benefits of the provisions of Sections 9.69.06, 9.10, 9.10 and 10.11 and the other provisions of this Agreement to the extent specifically set forth thereintherein and shall have the right to enforce such provisions on its own behalf and in its own name to the same extent as if it were a party to this Agreement.

Appears in 1 contract

Samples: Bridge Credit Agreement (Portland General Electric Co /Or/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!