Common use of Additional Beneficiaries Clause in Contracts

Additional Beneficiaries. Each Person replacing any of the ------------------------ Beneficiaries and each Person (or trustee or agent thereof) to which the Company incurs an obligation for the payment of any Lease obligations or Assumed Debt, is required to become a party to this Agreement, and any person which executes and delivers a counterpart to this Agreement and is [Intercreditor Agreement] designated as a Beneficiary pursuant to the terms of the Designation Letter, shall become a party hereto, shall be bound by and subject to the terms and conditions hereof and the covenants, stipulations and agreements contained herein.

Additional Beneficiaries. Each Person replacing any of the ------------------------ Beneficiaries and each Person (or trustee or agent thereof) to which the Company incurs an obligation for the payment of any Lease obligations or Assumed Debt, is required to become a party to this Agreement, and any person which executes and delivers a counterpart to this Agreement and is [Intercreditor Agreement] designated as a Beneficiary pursuant to the terms of the Designation Letter, shall become a party hereto, shall be bound by and subject to the terms and conditions hereof and the covenants, stipulations and agreements contained herein.