Common use of Benefits of the Agreement Clause in Contracts

Benefits of the Agreement. This Agreement is for the benefit of each of the Companies, and each of them as well as the Companies shall have standing to enforce it as though it is a party hereto. Each reference in this Agreement to an obligation by either of the Companies shall be a reference to the obligation of the Company to cause the Companies to perform such obligation. Each undertaking by either of the Companies in this Agreement shall be the undertaking of the Company to cause the Companies to perform such undertaking.

Benefits of the Agreement. This Agreement is for the benefit of each of the Companies, and each of them as well as the Companies shall have standing to enforce it as though it is a party hereto. Each reference in this Agreement to an obligation by either any of the Companies shall be a reference to the obligation of the Company to cause the Companies to perform such obligation. Each undertaking by either any of the Companies in this Agreement shall be the undertaking of the Company to cause the Companies to perform such undertaking.