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

Sources: Loan Agreement (Aegean Marine Petroleum Network Inc.), Third Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Ninth Supplemental Agreement (Aegean Marine Petroleum Network Inc.)

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

Sources: Facility Agreement for a Term Loan Facility (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Holdings Inc.)

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

Appears in 10 contracts

Sources: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Acquisition Corp), Secured Loan Agreement (Navios Maritime Holdings 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 titlesuccessors.

Appears in 9 contracts

Sources: Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, 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

Sources: Facility Agreement (EuroDry Ltd.), Facility Agreement (Euroseas Ltd.), Facility Agreement (Navios Maritime Partners L.P.)

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

Appears in 6 contracts

Sources: Facility Agreement (Navios Maritime Holdings Inc.), Facility Agreement (Navios Maritime Acquisition CORP), Facility Agreement (Navios Maritime Acquisition CORP)

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

Sources: Loan Agreement (Aegean Marine Petroleum Network Inc.), Facility Agreement (Freeseas Inc.), Facility Agreement (Globus Maritime LTD)

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

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

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

Appears in 5 contracts

Sources: Facility Agreement (EuroDry Ltd.), Facility Agreement (Euroseas Ltd.), Loan Agreement (Pyxis Tankers Inc.)

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

Appears in 4 contracts

Sources: Facility Agreement, Facility Agreement (Navios Maritime Midstream Partners LP), Facility Agreement for a Term Loan (StealthGas Inc.)

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

Appears in 4 contracts

Sources: Facilities Agreement, Loan Agreement (Golar LNG Partners LP), Facility Agreement (Golar LNG LTD)

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

Sources: Loan Agreement (Seanergy Maritime Holdings Corp.), Senior Loan Agreement (FreeSeas Inc.), Second Supplemental Agreement (Seanergy Maritime Holdings Corp.)

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

Sources: Facility Agreement (Navios Maritime Acquisition CORP), Facility Agreement (Navios Maritime Acquisition CORP)

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

Appears in 2 contracts

Sources: Facility Agreement (Euroseas Ltd.), Facility Agreement (EuroDry Ltd.)

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

Sources: Senior Secured Revolving Credit Facility Agreement (Gulfmark Offshore Inc)

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

Appears in 1 contract

Sources: Loan Agreement (NewLead Holdings Ltd.)