Common use of Benefits of Agreement; No Third-Party Rights Clause in Contracts

Benefits of Agreement; No Third-Party Rights. None of the provisions of this Agreement shall be for the benefit of or enforceable by any creditor of the Partnership or by any creditor of a Partner except for the provisions of Sections 2.4, 5.1, 5.2, 5.3, 5.6, 9.2 and 9.7 and 16 Limited Partnership Agreement (USAA Auto Owner L.P.) Articles VII and VIII (such provisions being referred to herein as the “Third Party Benefit Provisions”). Nothing in this Agreement other than the Third Party Benefit Provisions shall be deemed to create any right in any Person (other than the Partners) not a party hereto, and this Agreement shall not be construed in any respect to be a contract in whole or in part for the benefit of any Person not a party hereto (except for the Third Party Benefit Provisions).

Appears in 2 contracts

Samples: Limited Partnership Agreement (Usaa Acceptance LLC), Limited Partnership Agreement (Usaa Acceptance LLC)

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Benefits of Agreement; No Third-Party Rights. None of the provisions of this Agreement shall be for the benefit of or enforceable by any creditor of the Partnership or by any creditor of a Partner except for the provisions of Sections 2.4, 18 Limited Partnership Agreement ([ ]L.P.) 5.1, 5.2, 5.3, 5.6, 9.2 and 9.7 and 16 Limited Partnership Agreement (USAA Auto Owner L.P.) Articles VII and VIII (such provisions being referred to herein as the “Third Party Benefit Provisions"). Nothing in this Agreement other than the Third Party Benefit Provisions shall be deemed to create any right in any Person (other than the Partners) not a party hereto, and this Agreement shall not be construed in any respect to be a contract in whole or in part for the benefit of any Person not a party hereto (except for the Third Party Benefit Provisions).

Appears in 1 contract

Samples: Limited Partnership Agreement (Goldman Sachs Asset Backed Securities Corp)

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Benefits of Agreement; No Third-Party Rights. None of the provisions of this Agreement shall be for the benefit of or enforceable by any creditor of the Partnership or by any creditor of a Partner except for the provisions of Sections 2.4, 5.1, 5.2, 5.3, 5.6, 9.2 and 9.7 and 16 Limited Partnership Agreement (USAA Citizens Auto Owner Loan L.P.) Articles VII and VIII (such provisions being referred to herein as the “Third Party Benefit Provisions”). Nothing in this Agreement other than the Third Party Benefit Provisions shall be deemed to create any right in any Person (other than the Partners) not a party hereto, and this Agreement shall not be construed in any respect to be a contract in whole or in part for the benefit of any Person not a party hereto (except for the Third Party Benefit Provisions).

Appears in 1 contract

Samples: Limited Partnership Agreement (Citizens Auto Receivables, LLC)

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