Common use of Benefit and Burden Clause in Contracts

Benefit and Burden. This Agreement shall be binding upon, and enure for the benefit of, the Creditors and the Borrowers and their respective successors in title.

Appears in 24 contracts

Samples: Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Diana Shipping Inc.), Supplemental Agreement (Diana Shipping Inc.)

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Benefit and Burden. This Agreement shall be binding upon, and enure for the benefit of, the Creditors Banks and the Borrowers and their respective successors in title.

Appears in 13 contracts

Samples: Agreement (Navios Maritime Partners L.P.), Agreement (Navios Maritime Acquisition CORP), Agreement (Navios Maritime Holdings Inc.)

Benefit and Burden. This Agreement shall be binding upon, and enure for the benefit of, the Creditors Banks and the Borrowers Borrower and their respective successors in title.

Appears in 8 contracts

Samples: Agreement (Navios Maritime Partners L.P.), Private and Confidential (Navios Maritime Holdings Inc.), Agreement (Navios Maritime Partners L.P.)

Benefit and Burden. This Agreement shall be binding upon, and enure for the benefit of, the Creditors and the Borrowers Borrower and their respective successors in title.

Appears in 6 contracts

Samples: Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Diana Shipping Inc.), Facility Agreement (Aegean Marine Petroleum Network Inc.)

Benefit and Burden. This Agreement shall be binding upon, and enure for the benefit of, the Creditors Bank and the Borrowers Borrower and their respective successors in title.

Appears in 6 contracts

Samples: Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Aegean Marine Petroleum Network Inc.), Facility Agreement (Freeseas Inc.)

Benefit and Burden. This Agreement shall be binding upon, and shall enure for the benefit of, the Creditors Bank and the Borrowers Borrower and their respective successors in title.

Appears in 5 contracts

Samples: Agreement (NewLead Holdings Ltd.), Master Agreement (Capital Maritime & Trading Corp.), Master Agreement (Capital Maritime & Trading Corp.)

Benefit and Burden. This Agreement shall be binding upon, and enure for the benefit of, the Creditors Bank and the Borrowers and their respective successors in title.

Appears in 4 contracts

Samples: Loan Agreement (Aegean Marine Petroleum Network Inc.), Agreement (Navios Maritime Acquisition CORP), Tenth Supplemental Agreement (Aegean Marine Petroleum Network Inc.)

Benefit and Burden. This Agreement shall be binding upon, and shall enure for the benefit of, the Creditors and the Borrowers and their respective successors in title.

Appears in 3 contracts

Samples: Agreement (Seanergy Maritime Holdings Corp.), Agreement (FreeSeas Inc.), Seanergy Maritime Holdings Corp.

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Benefit and Burden. This Agreement shall be binding upon, and shall enure for the benefit of, the Creditors Bank and the Borrowers and their respective successors in title.

Appears in 3 contracts

Samples: Facility Agreement (Aegean Marine Petroleum Network Inc.), Second Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Junior Loan Agreement (FreeSeas Inc.)

Benefit and Burden. This Agreement shall be binding upon, and enure for the benefit of, the Creditors Banks and the Borrowers Borrower and their respective its successors in title.

Appears in 2 contracts

Samples: Agreement (Navios Maritime Holdings Inc.), Agreement (Navios Maritime Holdings Inc.)

Benefit and Burden. This Agreement shall be binding upon, and enure for the benefit of, the Creditors Creditor Parties and the Borrowers and their respective successors in title.

Appears in 2 contracts

Samples: Agreement (Navios Maritime Acquisition CORP), Navios Maritime Acquisition CORP

Benefit and Burden. This Agreement shall be binding upon, and enure for the benefit of, each of the Creditors Creditors, the Borrower and the Borrowers Guarantor and their respective successors in titlesuccessors.

Appears in 1 contract

Samples: Agreement (Gulfmark Offshore Inc)

Benefit and Burden. This Agreement shall be binding upon, and shall enure for the benefit of, the Creditors Bank and the Borrowers Borrower and their respective its successors in title.

Appears in 1 contract

Samples: Facility Agreement (Aegean Marine Petroleum Network Inc.)

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