Benefits of this Note Sample Clauses

The "Benefits of this Note" clause defines the rights and advantages that the holder of the note is entitled to receive. Typically, this includes entitlements such as interest payments, repayment of principal, and any other financial or legal benefits specified in the note. For example, the clause may clarify whether the holder can transfer these benefits to another party or if certain conditions must be met to claim them. Its core practical function is to ensure clarity regarding what the noteholder is entitled to, thereby reducing the risk of disputes and misunderstandings between the parties.
Benefits of this Note. Nothing in this Note shall be construed to give any person or corporation other than the Company and the Holder any legal or equitable right, remedy or claim under this Note and this Note shall be for the sole and exclusive benefit of the Company and the Holder and any other permitted holder or holders of the Note.
View SourceView Similar (10)
Benefits of this Note. Nothing in this Note shall be construed to give to any Person other than the Parent and the Holder any legal or equitable right, or claim under this Note. This Note shall be for the sole and exclusive benefit of the Parent and the Holder.
View SourceView Similar (3)
Benefits of this Note. Nothing in this Note, express or implied, shall give to any Person, other than the Holder, the Company and their legal representatives, successors and assigns hereunder, any benefit or any legal or equitable right, remedy or claim under this Note.
View Source
Benefits of this Note. Nothing in this Note, express or implied, shall give to any Person, other than the parties hereto and their respective successors hereunder, any benefit or any legal or equitable right, remedy or claim under this Note.
View Source

Related to Benefits of this Note

  • Benefits of this Agreement Nothing in this Agreement shall be construed to give to any Person other than the Company, the Rights Agent and the registered holders of the Rights Certificates (and, prior to the Distribution Date, registered holders of the Common Stock) any legal or equitable right, remedy or claim under this Agreement; but this Agreement shall be for the sole and exclusive benefit of the Company, the Rights Agent and the registered holders of the Rights Certificates (and, prior to the Distribution Date, registered holders of the Common Stock).

  • Benefits of this Warrant Nothing in this Warrant shall be construed to confer upon any person other than the Company and Holder any legal or equitable right, remedy or claim under this Warrant and this Warrant shall be for the sole and exclusive benefit of the Company and Holder.

  • Benefits of this Rights Agreement Nothing in this Rights Agreement shall be construed to give to any Person other than the Company, the Rights Agent and the registered holders of the Right Certificates (and, prior to the Distribution Date, the Common Stock) any legal or equitable right, remedy or claim under this Rights Agreement; but this Rights Agreement shall be for the sole and exclusive benefit of the Company, the Rights Agent and the registered holders of the Right Certificates (and, prior to the Distribution Date, the Common Stock).

  • Several Obligations; Benefits of this Agreement The respective obligations of the Lenders hereunder are several and not joint and no Lender shall be the partner or agent of any other (except to the extent to which the Agent is authorized to act as such). The failure of any Lender to perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. This Agreement shall not be construed so as to confer any right or benefit upon any Person other than the parties to this Agreement and their respective successors and assigns, provided, however, that the parties hereto expressly agree that the Arranger shall enjoy the benefits of the provisions of Sections 9.6, 9.10 and 10.11 to the extent specifically set forth therein and shall have the right to enforce such provisions on its own behalf and in its own name to the same extent as if it were a party to this Agreement.

  • Amendments of this Agreement This Agreement may be amended by the parties only if such amendment is specifically approved by (i) the Directors/Trustees of a Fund, or by the vote of a majority of outstanding voting securities of a Fund, and (ii) a majority of those Directors/Trustees of a Fund who are not parties to this Agreement or interested persons of any such party and who have no direct or indirect financial interest in this Agreement or in any Agreement related to the Fund's Rule 12b-1 Plan, cast in person at a meeting called for the purpose of voting on such approval.