The Borrower Not Beneficiary Sample Clauses
The "Borrower Not Beneficiary" clause establishes that the borrower is not considered a beneficiary of certain rights, benefits, or protections under the agreement, except as explicitly stated. In practice, this means that unless the contract specifically grants the borrower a particular right or advantage, they cannot claim or enforce provisions intended for other parties, such as lenders or third parties. This clause helps prevent the borrower from asserting unintended claims and ensures that only those rights expressly granted to the borrower are enforceable by them, thereby maintaining clear boundaries of entitlement and reducing the risk of disputes over contract interpretation.
The Borrower Not Beneficiary. Except for the provisions of §14.9 relating to the appointment of a successor Agent, the provisions of this §14 are solely for the benefit of the Agent and the Lenders, may not be enforced by the Borrower or any Guarantor, and except for the provisions of §14.9, may be modified or waived without the approval or consent of the Borrower.
The Borrower Not Beneficiary. Except for the provisions of Section 10.9 relating to the appointment of a successor Agent, the provisions of this Article 10 are solely for the benefit of the Agent and the Lenders, may not be enforced by the Borrower or any Guarantor, and except for the provisions of Section 10.9, may be modified or waived without the approval or consent of the Borrower.