Beneficiaries of the Agreement Sample Clauses

Beneficiaries of the Agreement. The terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective permitted successors and assigns of the parties. Nothing in this Agreement, express or implied, is intended to confer upon any Person other than the parties hereto or their respective successors and assigns any rights, remedies, obligations, or liabilities under or by reason of this Agreement, except as expressly provided in this Agreement. Each Person who has served as an Investor Director is hereby expressly deemed a third-party beneficiary of Section 4.10 hereto.
Sample 1Sample 2
AutoNDA by SimpleDocs
Beneficiaries of the Agreement. 21.1 The Agreement binds the Borrowers and the Lenders, as well as their respective successors and assigns (“ayants-droit”) and each of them is a beneficiary hereunder. 21.2 No Borrower may sell or otherwise transfer its rights arising under the Agreement without the prior written consent of all of the Lenders. 21.3 Each of the Lenders (hereinafter the “Selling Lender”) will have the right to sell or otherwise transfer all or part of its rights and obligations under the Tranche C Advances, for a minimum amount of €1,372,041 (said minimum amount will not apply to the sale or transfer of the balance of the rights and obligations of the Lender in question) to any other bank or banking institution with a sound reputation, provided that prior notice thereof is provided to the Lenders’ Agent and subject to the prior written consent of each of the Borrowers, which consent may not be refused without valid reason, under the condition that, with respect to the Selling Lender, it will have complied with any law, regulation or practice relating to the Borrowers identifications procedures; it being specified that any sale of rights and obligations relating to Tranche C shall necessary be held by a Partner. In the absence of a response within thirty (30) days beginning on the date of the receipt of the above-mentioned notice, the Borrowers will be deemed to have consented to the transfer which is the subject of said notification. 21.4 If a Lender wishes to sell or transfer all or part of its rights and obligations in accordance with the provisions of Article 21.3, it must provide to the Lenders’ Agent an act of transfer in conformance with the model attached as Schedule IX to the Agreement, duly completed and signed by the Lender and the buyer. As soon as said act of transfer is so provided, it will operate as a waiver of any obligation of the Borrowers in the amount of the transferred participation and the buyer will enjoy all of the rights of and will be obligated up to the amount of the participation sold by the Lender under the Agreement. 21.5 The Lenders’ Agent will maintain a register any transfers made in accordance with Article 21.4 above, which it will make available to the Lenders and the Borrowers.
Sample 1
Beneficiaries of the Agreement. Each of Global and AEHC agrees that the General Partner and its Affiliates shall be entitled to assert rights and remedies hereunder as a third-party beneficiary hereto with respect to those provisions of this Agreement affording a right, benefit or privilege to the General Partner and its Affiliates. Each of the Global and AEHC hereto covenants, agrees and acknowledges that no Person other than AEHC, the General Partner and its other Affiliates and Global shall have any obligation hereunder.
Sample 1
Beneficiaries of the Agreement. The undersigned acknowledges and agrees that Nova and Company are each beneficiaries of this Agreement and may enforce the obligations of the undersigned hereunder.
Sample 1
Beneficiaries of the Agreement. This Agreement is intended for the benefit of the parties hereto and their respective successors and permitted assigns and is not for the benefit of, nor may any provision hereof be enforced by, any other Person, except as otherwise set forth in Section 9 and this Section.
Sample 1
Beneficiaries of the Agreement. Under Article L. 114 of the French Social Action and Family Code, “any limitation of activity or restriction of participation in society suffered in their environment by a person due to a substantial, lasting or definitive alteration of one or more physical, sensory, mental, cognitive or psychological functions, a multiple disability or a disabling health problem, constitutes a disability [...]”. This definition reflects the multiplicity of disability situations and their consequences. This situation is also understood by Article L. 5213-1 of the French Labour Code, which provides that the status of a worker with a disability may be recognised for “any person whose chances of finding and holding down a job are effectively reduced as a result of the alteration of one or more physical, sensory, mental or psychological functions”. This agreement also applies to employees with disabilities within the meaning of Article L. 5212-13 of the French Labour Code (Appendix 1) regardless of the duration and nature of their contract. Employees who have applied to the Maison Départementale des Personnes Handicapées [Departmental Authority for People with Disabilities] (MDPH) in their department of residence for the Reconnaissance de la Qualité de Travailleur Handicapé [Recognition of the Status of a Disabled Worker] (RQTH) and have provided the company with a receipt for the submission of this application are also beneficiaries of the agreement. In the event of refusal by the MDPH, or after a period of 9 months during which the employee has not been able to confirm the admissibility of his or her application for RQTH by the MDPH, the employee will no longer be eligible for the provisions of this agreement, without however losing the benefit of the actions implemented and completed. The RQTH approach is personal. Employees are free to communicate their situation to the stakeholders concerned. These stakeholders are bound by an obligation of discretion regarding any personal such information they may receive.
Sample 1

Related to Beneficiaries of the Agreement

  • Benefit of the Agreement; Third-Party Beneficiaries This Agreement is for the benefit of and will be binding on the parties to this Agreement and their permitted successors and assigns. The Owner Trustee, the Trust Collateral Agent and the Trustee (both in its individual capacity and in its capacity as Trustee for the benefit of the Noteholders), will be third-party beneficiaries of this Agreement entitled to enforce this Agreement against the Asset Representations Reviewer and the Servicer. No other Person will have any right or obligation under this Agreement.

  • Benefits of the Agreement The terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective permitted successors and assigns of the parties. Nothing in this Agreement, express or implied, is intended to confer upon any party other than the parties hereto or their respective successors and assigns any rights, remedies, obligations, or liabilities under or by reason of this Agreement, except as expressly provided in this Agreement.

  • Entire Agreement; Third Party Beneficiaries This Agreement (a) constitutes the entire agreement and supersedes all prior agreements and understandings, both written and oral, among the parties hereto with respect to the subject matter hereof; and (b) shall be binding upon and inure solely to the benefit of each party hereto, and nothing in this Agreement, express or implied, is intended to or shall confer upon any other Person any right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.

  • Beneficiaries The Executive may designate one or more persons or entities as the primary and/or contingent Beneficiaries of any Severance Benefits owing to the Executive under this Agreement. Such designation must be in the form of a signed writing acceptable to the Committee. The Executive may make or change such designations at any time.

  • Party Beneficiaries This Agreement is for the sole benefit of the parties hereto and their respective successors and permitted assigns, and nothing herein is to be construed to give any person or entity, other than the parties hereto and their respective successors and permitted assigns, any legal or equitable rights hereunder.

  • Copies of the Agreement The Employer and the Union desire all parties to be familiar with the provisions of this Agreement and the rights and obligations under it. For this reason, the parties shall share equally the cost of printing and distribute sufficient copies of this Agreement to all parties.

  • Amendments of the Agreement This Agreement may be amended by a writing signed by both parties hereto, provided that no material amendment to this Agreement shall be effective until approved (i) by the vote of a majority of those Trustees of the Trust who are not interested persons of Xxxxx Xxxxx or the Trust cast in person at a meeting called for the purpose of voting on such approval, and (ii) if required by the Investment Company Act of 1940, by vote of a majority of the outstanding voting securities of the Fund.

  • Entire Agreement; No Third-Party Beneficiaries This Agreement (a) constitutes the entire agreement and supersedes all other prior agreements, both written and oral, among the parties with respect to the subject matter hereof and (b) is not intended to confer upon any Person, other than the parties hereto, any rights or remedies hereunder.

  • Intended Third Party Beneficiaries Notwithstanding any provision herein to the contrary, the parties to this Agreement agree that it is appropriate, in furtherance of the intent of such parties as set forth herein, that the Trustee and the NIMS Insurer receive the benefit of the provisions of this Agreement as intended third party beneficiaries of this Agreement to the extent of such provisions. The Servicer shall have the same obligations to the Trustee and the NIMS Insurer as if they were parties to this Agreement, and the Trustee and the NIMS Insurer shall have the same rights and remedies to enforce the provisions of this Agreement as if they were parties to this Agreement. The Servicer shall only take direction from the Master Servicer (if direction by the Master Servicer is required under this Agreement) unless otherwise directed by this Agreement or the Credit Risk Manager Agreement. Notwithstanding the foregoing, all rights and obligations of the Trustee and the Master Servicer hereunder (other than the right to indemnification) shall terminate upon the termination of the Trust Fund pursuant to the Trust Agreement and all rights of the NIMS Insurer set forth in this Agreement (other than the right of indemnification) shall exist only so long as the NIM Securities issued pursuant to the NIMS Transaction remain outstanding or the NIMS Insurer is owed amounts in respect of its guarantee of payment on such NIM Securities.

  • Entire Understanding; No Third Party Beneficiaries This Agreement (together with the documents, agreements and instruments referred to herein) represents the entire understanding of the parties with respect to the subject matter hereof and supersedes any and all other oral or written agreements heretofore made with respect to the subject matter hereof. Nothing in this Agreement, expressed or implied, is intended to confer upon any person, other than the parties hereto, any rights or remedies hereunder.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!