Common use of Company Acknowledgement Clause in Contracts

Company Acknowledgement. The Company agrees that (i) nothing contained in this Agreement shall be deemed to amend, modify, supercede or otherwise alter the terms of the respective agreements between the Company and each Creditor, and (ii) this Agreement is solely for the benefit of the Creditors and shall not give the Company, its successors or assigns or any other person, any rights vis-a-vis any Creditor.

Appears in 6 contracts

Samples: Subordination Agreement (Integrated Security Systems Inc), Subordination Agreement (Integrated Security Systems Inc), Subordination Agreement (Integrated Security Systems Inc)

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Company Acknowledgement. The Company agrees that (i) nothing contained in this Agreement shall be deemed to amend, modify, supercede or otherwise alter the terms of the respective agreements between the Company and each Creditor, Creditor and (ii) this Agreement is solely for the benefit of the Creditors and shall not give the Company, its successors or assigns or any other person, person any rights vis-aà-vis any Creditor.

Appears in 4 contracts

Samples: Subordination and Intercreditor Agreement (Mad Catz Interactive Inc), Subordination and Intercreditor Agreement (Environmental Tectonics Corp), Subordination and Intercreditor Agreement (Environmental Tectonics Corp)

Company Acknowledgement. The Company agrees that (i) nothing contained in this Agreement shall be deemed to amend, modify, supercede or otherwise alter the terms of the respective agreements between the Company and each Creditor, Creditor and (ii) this Agreement is solely for the benefit of the Creditors and shall not give the Company, its successors or assigns or any other person, person any rights vis-a-vis any Creditor.

Appears in 2 contracts

Samples: Subordination Agreement (Ventures National Inc), Subordination and Intercreditor Agreement (Environmental Tectonics Corp)

Company Acknowledgement. The Each Company agrees that (ia) nothing contained in this Agreement shall be deemed to amend, modify, supercede or otherwise alter the terms of the respective agreements between the any Company and each Creditor, Creditor and (iib) this Agreement is solely for the benefit of the Creditors and shall not give the any Company, its successors or assigns or any other person, person any rights vis-a-vis any Creditor.

Appears in 1 contract

Samples: Subordination Agreement (Hesperia Holding Inc)

Company Acknowledgement. The Company agrees that (i) nothing contained in this Agreement shall be deemed to amend, modify, supercede supersede or otherwise alter the terms of the respective agreements between the Company and each Creditor, Creditor and (ii) this Agreement is solely for the benefit of the Creditors and shall not give the Company, its successors or assigns or any other person, person any rights vis-aà-vis any Creditor.

Appears in 1 contract

Samples: Subordination and Intercreditor Agreement (Chromocell Therapeutics Corp)

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Company Acknowledgement. The Company agrees that (i) nothing contained in this Agreement shall be deemed to amend, modify, supercede or otherwise alter the terms of the respective agreements between the Company Company, the Guarantors, and each Creditor, and (ii) this Agreement is solely for the benefit of the Creditors and shall not give the Company, its the Guarantors, or their successors or assigns or any other person, any rights vis-a-vis any Creditor.

Appears in 1 contract

Samples: Subordination Agreement (Integrated Security Systems Inc)

Company Acknowledgement. The Company agrees that (ia) nothing contained in this Agreement shall be deemed to amend, modify, supercede or otherwise alter the terms of the respective agreements between the Company and each Creditor, Creditor and (iib) this Agreement is solely for the benefit of the Creditors and shall not give the Company, its successors or assigns or any other person, person any rights vis-a-vis any Creditor.

Appears in 1 contract

Samples: Subordination and Intercreditor Agreement (Frontline Communications Corp)

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