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

Benefits of Agreement; No Third-Party Rights. The provisions of this Agreement are intended solely to benefit the Member and, to the fullest extent permitted by applicable law, shall not be construed as conferring any benefit upon any creditor of the Company (and no such creditor shall be a third-party beneficiary of this Agreement), and the Member shall have no duty or obligation to any creditor of the Company to make any contributions or payments to the Company.

Appears in 129 contracts

Samples: Limited Liability Company Agreement (Sprint Capital Corp), Limited Liability Company Agreement (Sprint Capital Corp), Limited Liability Company Agreement (Sprint Capital Corp)

AutoNDA by SimpleDocs

Benefits of Agreement; No Third-Party Rights. The None of the provisions of this Agreement are intended solely to shall be for the benefit the Member and, to the fullest extent permitted of or enforceable by applicable law, shall not be construed as conferring any benefit upon any creditor of the Company (and no such creditor shall be a third-party beneficiary of this Agreement), and the Member shall have no duty or obligation to by any creditor of the Company Member or a Special Member. Nothing in this Agreement shall be deemed to make create any contributions right in any Person (other than Covered Persons) not a party hereto, and this Agreement shall not be construed in any respect to be a contract in whole or payments to in part for the Companybenefit of any third Person (except as provided in Section 29).

Appears in 69 contracts

Samples: Limited Liability Company Agreement (Santander Drive Auto Receivables LLC), Limited Liability Company Agreement (Santander Drive Auto Receivables LLC), Limited Liability Company Agreement (Safeway Stores 42, Inc.)

Benefits of Agreement; No Third-Party Rights. The None of the provisions of this Agreement are intended solely to shall be for the benefit the Member and, to the fullest extent permitted of or enforceable by applicable law, shall not be construed as conferring any benefit upon any creditor of the Company (or by any creditor of a Member, and no such creditor nothing in this Agreement shall be deemed to create any right in any Person 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 third Person, provided, however, that the Indemnitees and their respective successors and assigns are intended third-party beneficiary beneficiaries of this applicable indemnification provisions set forth in this Agreement), and the Member shall have no duty or obligation to any creditor of the Company to make any contributions or payments to the Company.

Appears in 6 contracts

Samples: Limited Liability Company Agreement (Sentio Healthcare Properties Inc), Limited Liability (Sentio Healthcare Properties Inc), Limited Liability Company Agreement (Sentio Healthcare Properties Inc)

Benefits of Agreement; No Third-Party Rights. The None of the provisions of this Agreement are intended solely to shall be for the benefit the Member and, to the fullest extent permitted of or enforceable by applicable law, shall not be construed as conferring any benefit upon any creditor of the Company (and no such creditor shall be a third-party beneficiary of this Agreement), and the Member shall have no duty or obligation to by any creditor of the Company Member or the Special Members, if any, and this Agreement shall not be construed in any respect to make be a contract in whole or in part for the benefit of any contributions or payments to the Companythird Person, except as provided in Section 28.

Appears in 6 contracts

Samples: Master Collateral Agency Agreement (Hertz Corp), Assignment and Assumption Agreement (Hertz Global Holdings Inc), Assignment and Assumption Agreement (Hertz Global Holdings Inc)

Benefits of Agreement; No Third-Party Rights. The provisions of this Agreement are intended solely to benefit the Member and the Responsible Parties and Covered Persons and, to the fullest extent permitted by applicable law, shall not be construed as conferring any benefit upon any creditor of the Company (other than Covered Persons) (and no such creditor shall be a third-party beneficiary of this Agreement), and the Member each Responsible Party shall have no duty or obligation to any creditor of the Company to make any contributions or payments to the Company.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (Nextier Oilfield Solutions Inc.), Limited Liability Company Agreement (Nextier Oilfield Solutions Inc.), Limited Liability Company Agreement (Pioneer Energy Services LLC)

Benefits of Agreement; No Third-Party Rights. The provisions of this Agreement are intended solely to benefit the Member Members and, to the fullest extent permitted by applicable law, shall not be enforceable by any creditor of the Company or the Members and shall not be construed as conferring any benefit upon any creditor of the Company (and no such creditor or the Members. Nothing in this Agreement shall be deemed to create any right in any Person not a third-party beneficiary of this Agreement)hereto, and except as expressly provided herein, this Agreement shall not be construed in any respect to be a contract in whole or in part for the Member shall have no duty or obligation to benefit of any creditor of the Company to make any contributions or payments to the Companythird person.

Appears in 3 contracts

Samples: Operating Agreement, Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement

Benefits of Agreement; No Third-Party Rights. The provisions of this Agreement are intended solely to benefit the Member Members and Manager and, to the fullest extent permitted by applicable law, shall not be construed as conferring any benefit upon any creditor of the Company (and no such creditor shall be a third-party beneficiary of this Agreement), and the Member Members shall have no duty or obligation to any creditor of the Company to make any contributions or payments to the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (TNHC - Santa Clarita GP LLC), Limited Liability Company Agreement (TNHC - Santa Clarita GP LLC)

Benefits of Agreement; No Third-Party Rights. The provisions of this Agreement are intended solely to benefit the Member and the Indemnified Persons and, to the fullest extent permitted by applicable law, shall not be construed as conferring any benefit upon any creditor of the Company (other than any Indemnified Persons) (and no such creditor shall be a third-party beneficiary of this Agreement), and the Member shall have no duty or obligation to any creditor of the Company to make any contributions or payments to the Company.

Appears in 2 contracts

Samples: Sale and Purchase Agreement (P10, Inc.), Sale and Purchase Agreement (P10, Inc.)

Benefits of Agreement; No Third-Party Rights. The provisions of this Agreement are intended solely to benefit the Member Members and, to the fullest extent permitted by applicable law, shall not be construed as conferring any benefit upon any creditor of the Company (and no such creditor shall be a third-party beneficiary of this Agreement), and the Member Members shall have no duty or obligation to any creditor of the Company to make any contributions or payments to the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (T-Mobile Innovations LLC)

Benefits of Agreement; No Third-Party Rights. The provisions of this Agreement are intended solely to benefit the Member and the Responsible Parties and, to the fullest extent permitted by applicable law, shall not be construed as conferring any benefit upon any creditor of the Company (other than Covered Persons) (and no such creditor shall be a third-party beneficiary of this Agreement), and the Member each Responsible Party shall have no duty or obligation to any creditor of the Company to make any contributions or payments to the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Rowan N-Class (Gibraltar) LTD)

Benefits of Agreement; No Third-Party Rights. The provisions of this Agreement are intended solely to benefit the Member Partners and the Indemnified Parties and, to the fullest extent permitted by applicable law, shall not be construed as conferring any benefit upon any non-Partner creditor of the Company Fund (and no such non-Partner creditor shall be a third-third party beneficiary of this Agreement), and the Member no Partner shall have no any duty or obligation to any non-Partner creditor of the Company Fund to make any contributions or payments to the CompanyFund.

Appears in 1 contract

Samples: Limited Partnership Agreement

AutoNDA by SimpleDocs

Benefits of Agreement; No Third-Party Rights. The provisions of this Agreement are intended solely to benefit the Member and, to the fullest extent permitted by applicable law, shall not be construed as conferring any benefit upon any third-party, including any creditor of the Company (and no such creditor shall be a third-party beneficiary of this Agreement), and the Member shall have no duty or obligation to any creditor of the Company to make any contributions or payments to the Company.Company.3

Appears in 1 contract

Samples: Limited Liability Company Agreement

Benefits of Agreement; No Third-Party Rights. The provisions of this Agreement Amendment are intended solely to benefit the Member Members and, to the fullest extent permitted by applicable law, shall not be construed as conferring any benefit upon any creditor of the Company (and no such creditor shall be a third-party beneficiary of this Agreement), and the Member Members shall have no duty or obligation to any creditor of the Company to make any contributions or payments to the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Carmike Cinemas Inc)

Benefits of Agreement; No Third-Party Rights. The provisions of this Agreement are intended solely to benefit the Member (unless express provision is made herein to the contrary) and, to the fullest extent permitted by applicable law, shall not be construed as conferring any benefit upon any other person or entity, or upon any creditor of the Company (and no such person, entity or creditor shall be a third-party beneficiary of this Agreement), and the Member shall have no duty or obligation to any such person, entity or creditor of the Company to make any contributions or payments to the Company.. ​

Appears in 1 contract

Samples: Special Expense Agreement (Northwest Biotherapeutics Inc)

Benefits of Agreement; No Third-Party Rights. The Except for the Property Owner, (1) none of the provisions of this Agreement are intended solely to shall be for the benefit the Member and, to the fullest extent permitted of or enforceable by applicable law, shall not be construed as conferring any benefit upon any creditor of the Company (and no such creditor shall be a third-party beneficiary of this Agreement), and the Member shall have no duty or obligation to by any creditor of any Member, and (2) nothing in this Agreement shall be deemed to create any right in any Person 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 Company to make benefit of any contributions or payments to the Companythird Person.

Appears in 1 contract

Samples: Limited Liability Company Agreement (CBL & Associates Limited Partnership)

Benefits of Agreement; No Third-Party Rights. The provisions of this Agreement are intended solely to benefit the Member Members and Covered Persons and, to the fullest extent permitted by applicable law, shall not be construed as conferring any benefit upon any creditor (other than Covered Persons) of the Company (and no such creditor shall be a third-party beneficiary of this Agreement), and the Member Members shall have no duty or obligation to any creditor of the Company to make any contributions or payments to the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Benefits of Agreement; No Third-Party Rights. The provisions of this Agreement are intended solely to benefit the Member Members, the Managers, and Company Officers (if any) and, to the fullest extent permitted by applicable law, shall not be construed as conferring any benefit upon any creditor of the Company (and no such creditor shall be a third-party beneficiary of this Agreement), and the Member Members shall have no duty or obligation to any creditor of the Company to make any contributions or payments to the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Carmike Cinemas Inc)

Benefits of Agreement; No Third-Party Rights. The None of the provisions of this Agreement are intended solely shall be for the benefit of or enforceable by any creditor of the Partnership or by any creditor of a Partner, and nothing in this Agreement shall be deemed to benefit the Member andcreate any right in any Person not a party hereto, to the fullest extent permitted by applicable law, and this Agreement shall not be construed as conferring in any benefit upon any creditor of the Company (and no such creditor shall respect to be a contract in whole or in part for the benefit of any third Person; provided, however, that the Indemnitees and their respective successors and assigns are intended third-party beneficiary beneficiaries of the applicable indemnification provisions set forth in this Agreement), and the Member shall have no duty or obligation to any creditor of the Company to make any contributions or payments to the Company.

Appears in 1 contract

Samples: Contribution Agreement (Eola Property Trust)

Time is Money Join Law Insider Premium to draft better contracts faster.