Benefits held on trust. (a) The Seller holds the benefit of each indemnity, promise and obligation in this agreement expressed to be for the benefit of a director, officer or employee of a Seller Group Member, or for the benefit of a Seller Group Member or Seller Group Representative or Adviser that is not a party to this agreement, on trust for that director, officer, employee, Seller Group Member or Seller Group Representative or Adviser.
Benefits held on trust. (a) The Seller holds the benefit of each indemnity, promise and obligation in this agreement expressed to be for the benefit of a director, officer or employee of a Seller Group Member, an Indemnified Party, or for the benefit of a Seller Group Member or Seller Group Representative or Adviser that is not a party to this agreement, on trust for that director, officer, employee, Seller Group Member, an Indemnified Party, or Seller Group Representative or Adviser.
(b) The Buyer Entities and the Buyer’s Guarantor each hold the benefit of each indemnity, promise and obligation in this agreement expressed to be for the benefit of a director, officer or employee of a Buyer Group Member, or for the benefit of a Buyer Group Member that is not a party to this agreement, on trust for that director, officer, employee, Buyer Group Member.
(c) Except where an indemnity, promise or obligation is expressly stated to be for the benefit of a third party, no person (including an Employee) other than the Buyer Entities, the Seller and the Buyer’s Guarantor, has or is intended to have any right, power or remedy or derives or is intended to derive any benefit under this agreement.
Benefits held on trust. Spotless holds the benefit of each indemnity, promise and obligation in the Agreement expressed to be for the benefit of:
(a) a director, officer or employee of Spotless;
(b) a Related Body Corporate of Spotless; or
(c) the director, officer or employee of a Related Body Corporate of Spotless, on trust for that party.
Benefits held on trust. (a) Each Seller holds the benefit of each indemnity, promise and obligation in this Agreement expressed to be for the benefit of a director, officer or employee of a Seller Group Member, or for the benefit of a Seller Group Member which is not a party to this Agreement, on trust for that director, officer, employee or Seller Group Member.
(b) The Buyer holds the benefit of each indemnity, promise and obligation in this Agreement expressed to be for the benefit of a director, officer or employee of a Buyer Group Member or for the benefit of a Buyer Group Member which is not a party to this Agreement, on trust for that director, officer, employee or Buyer Group Member.
Benefits held on trust. MLC Advice holds the benefit of each indemnity, promise, representation and obligation in this agreement expressed to be for the benefit of a Group member who is not a party to this agreement, on trust for that Group member and MLC Advice is entitled to exercise those rights and enforce those indemnities as trustee on behalf of the relevant member.
Benefits held on trust. The Purchasers hold the benefit of each indemnity, promise and obligation in this agreement that benefits them or any Group Company, any of their respective Associates or Representatives on its own behalf and on trust for each of those persons.
Benefits held on trust. The Seller holds the benefit of each indemnity, promise and obligation in this deed expressed to be for the benefit of a director, officer or employee of a Seller Group Member, or for the benefit of a Seller Group Member or Seller Group Representative or Adviser that is not a party to this deed, on trust for that director, officer, employee, Seller Group Member or Seller Group Representative or Adviser. The provisions of this clause 17.16 may be enforced by the Seller on behalf of any director, officer or employee of a Seller Group Member, or other Seller Group Member or Seller Group Representative or Adviser.
Benefits held on trust. The Principal holds the benefit of each indemnity, promise and obligation in the Agreement expressed to be for the benefit of:
(a) a director, officer or employee of the Principal;
(b) a Related Body Corporate of the Principal; or
(c) the director, officer or employee of a Related Body Corporate of the Principal, on trust for that party.
Benefits held on trust. NAB holds the benefit of each indemnity, promise, representation and obligation in this agreement expressed to be for the benefit of a Group member who is not a party to this agreement, on trust for that Group member and NAB is entitled to exercise those rights and enforce those indemnities as trustee on behalf of the relevant member.
Benefits held on trust. (a) The Seller holds the benefit of each indemnity, promise and obligation in this deed expressed to be for the benefit of a director, officer or employee of a Seller Group Member, or for the benefit of a Seller Group Member which is not a party to this deed, on trust for that director, officer, employee or Seller Group Member.
(b) The Buyer holds the benefit of each indemnity, promise and obligation in this deed expressed to be for the benefit of a director, officer or employee of a Buyer Group Member or for the benefit of a Buyer Group Member which is not a party to this deed, on trust for that director, officer, employee or Buyer Group Member.
(c) Except where an indemnity, promise or obligation is expressly stated to be for the benefit of a Third Party, no person other than the Buyer and the Seller has or is intended to have any right, power or remedy or derives or is intended to derive any benefit under this deed.
