Common use of No Third Party Benefits Clause in Contracts

No Third Party Benefits. This Agreement is made for the sole benefit of Borrower and Lender and their respective successors and assigns, and no other person or persons shall have any rights or remedies under or by reason of this Agreement.

Appears in 6 contracts

Samples: Loan Restructuring and Restatement Agreement (Evision Usa Com Inc), Loan Restructuring and Restatement Agreement (Global Med Technologies Inc), Loan Agreement (Global Med Technologies Inc)

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No Third Party Benefits. This Agreement is made for the sole benefit of Borrower and Lender and Lender, their respective successors and assigns, assigns and no other person or persons shall have any rights or remedies under or by reason of this AgreementAgreement nor shall Lender owe any duty whatsoever to any claimant to exercise any right or power of Lender hereunder or arising from any default by Borrower.

Appears in 4 contracts

Samples: Term Loan Agreement (Maxwell Technologies Inc), Revolving Loan Agreement (Fresh Choice Inc), Revolving Loan Agreement (Rancon Realty Fund Iv)

No Third Party Benefits. This Agreement is made for the sole benefit of Borrower and Lender and Lender, their respective successors and assigns, and and, unless otherwise provided by law, no other person or persons shall have any rights or remedies under or by reason of this Agreement. Borrower shall have no right to assign this Agreement or any of Borrower's rights or obligations hereunder and any attempt to make such an assignment shall be a Default hereunder.

Appears in 2 contracts

Samples: Loan Agreement (Equity Residential Properties Trust), Loan Agreement (Wellsford Residential Property Trust)

No Third Party Benefits. This Agreement is made for the sole benefit of Borrower and Lender Lenders, and their respective successors and assigns, and no other person or persons shall have any rights or remedies under or by reason of this Agreement.

Appears in 2 contracts

Samples: Loan Agreement (Telehub Communications Corp), Bridge Loan Agreement (Telehub Communications Corp)

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No Third Party Benefits. This Agreement is made for the sole benefit of Borrower and Lender Borrower, Lender, PNI, FAO, COL, SDKI and their respective successors and assigns, and no other person or persons shall have any rights or remedies under or by reason of this Agreement.

Appears in 2 contracts

Samples: Loan Agreement (Popmail Com Inc), Loan Agreement (Popmail Com Inc)

No Third Party Benefits. This Agreement is made for the sole benefit of Borrower and Lender and Lender, their respective successors and assigns, assigns and no other person or persons shall have any rights or remedies under or by reason of this AgreementAgreement nor shall Lender owe any duty whatsoever to any claimant for labor performed or material furnished in connection with the construction of the improvements, to apply any undisbursed portion of the loan to the payment of any such claim or to exercise any right or power of Lender hereunder or arising from any default by Borrower.

Appears in 1 contract

Samples: Qad Inc

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