Common use of Benefits of Section Clause in Contracts

Benefits of Section. None of the provisions of this Section shall inure to the benefit of Borrower or any Person other than Banks; consequently, neither Borrower nor any other Person shall be entitled to rely upon, or to raise as a defense, in any manner whatsoever, the failure of any Bank to comply with such provisions.

Appears in 5 contracts

Samples: Credit Agreement (Gulf Island Fabrication Inc), Credit and Term Loan Agreement (Gulf Island Fabrication Inc), Credit Agreement (Gulf Island Fabrication Inc)

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