Common use of Third Party Beneficiary, Etc Clause in Contracts

Third Party Beneficiary, Etc. The foregoing provisions regarding subordination are solely for the purpose of defining the relative rights of the Senior Lenders on the one hand and the Holder on the other hand. Such provisions are for the benefit of the Senior Lenders (and their successors and assigns) and shall be enforceable by them directly against the Holder except to the extent otherwise agreed to in writing by the Holder and any other Senior Lender.

Appears in 4 contracts

Samples: Registration Rights Agreement (General Acceptance Corp /In/), Agreement and Plan of Merger (Pharmakinetics Laboratories Inc), Waterlink Inc

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