Common use of No Third Party Beneficiaries; Successors and Assigns Clause in Contracts

No Third Party Beneficiaries; Successors and Assigns. This Agreement and the rights and benefits hereof shall inure to the benefit of, and be binding upon, each of the parties hereto and their respective successors and assigns and shall inure to the benefit of each of, and be binding upon, the holders of ABL Obligations and Term Loan/Notes Obligations. No other Person shall have or be entitled to assert rights or benefits hereunder; provided, that, the Borrower and the other Grantors shall be express third party beneficiaries of, and shall be entitled to rely on and enforce the provisions of, Sections 6.1, 6.3(d), 6.9 and 9.3. Without limiting the generality of the foregoing, any person to whom a Secured Party assigns or otherwise transfers all or any portion of the ABL Obligations or the Term Loan/Notes Obligations, as applicable, in accordance with the applicable ABL Loan Documents or Term Loan/Notes Documents, as the case may be, shall become vested with all the rights and obligations in respect thereof granted to such Secured Parties, without any further consent or action of the other Secured Parties.

Appears in 4 contracts

Samples: Abl Intercreditor Agreement (Community Health Systems Inc), Abl Intercreditor Agreement (Community Health Systems Inc), Abl Intercreditor Agreement (Community Health Systems Inc)

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No Third Party Beneficiaries; Successors and Assigns. This Agreement and the rights and benefits hereof shall inure to the benefit of, and be binding upon, each of the parties hereto and their respective successors and assigns and shall inure to the benefit of each of, and be binding upon, the holders of ABL Obligations Claims and Term Loan/Notes ObligationsLoan Claims. No other Person shall have or be entitled to assert rights or benefits hereunder; provided, that, the Borrower and the other Grantors shall be express third party beneficiaries of, and shall be entitled to rely on and enforce the provisions of, Sections 6.1, 6.3(d), 6.9 and 9.3. Without limiting the generality of the foregoing, any person to whom a Secured Party Lender assigns or otherwise transfers all or any portion of the ABL Obligations Claims or the Term Loan/Notes ObligationsLoan Claims, as applicable, in accordance with the applicable ABL Loan Documents or Term Loan/Notes Loan Documents, as the case may be, shall become vested with all the rights and obligations in respect thereof granted to such Secured PartiesLenders, without any further consent or action of the other Secured PartiesLenders.

Appears in 3 contracts

Samples: Intercreditor Agreement (Forterra, Inc.), Intercreditor Agreement (Forterra, Inc.), Intercreditor Agreement (Forterra, Inc.)

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No Third Party Beneficiaries; Successors and Assigns. This Agreement and the rights and benefits hereof shall inure to the benefit of, and be binding upon, each of the parties hereto and their respective successors and assigns and shall inure to the benefit of each of, and be binding upon, the holders of ABL Obligations Claims and Term Loan/Notes ObligationsLoan Claims. No other Person shall have or be entitled to assert rights or benefits hereunder; provided, thatthat the Term Loan Borrower, the Borrower ABL Borrowers and the other Grantors shall be express third party beneficiaries of, and shall be entitled to rely on and enforce the provisions of, Sections 6.1, 6.3(d), 6.9 and 9.3. Without limiting the generality of the foregoing, any person to whom a Secured Party Lender assigns or otherwise transfers all or any portion of the ABL Obligations Claims or the Term Loan/Notes ObligationsLoan Claims, as applicable, in accordance with the applicable ABL Loan Documents or Term Loan/Notes Loan Documents, as the case may be, shall become vested with all the rights and obligations in respect thereof granted to such Secured PartiesLenders, without any further consent or action of the other Secured PartiesLenders.

Appears in 2 contracts

Samples: Intercreditor Agreement (Forterra, Inc.), Intercreditor Agreement (Forterra, Inc.)

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