Common use of Benefits of the Trust Agreement Limited to Parties Clause in Contracts

Benefits of the Trust Agreement Limited to Parties. Nothing contained herein, expressed or implied, is intended to give to any person other than the Authority, the Trustee, the Bond Insurer and the Holders any right, remedy or claim under or by reason hereof. Any agreement or covenant required herein to be performed by or on behalf of the Authority or any member, officer or employee thereof shall be for the sole and exclusive benefit of the Trustee, the Bond Insurer and the Holders.

Appears in 1 contract

Samples: Trust Agreement

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Benefits of the Trust Agreement Limited to Parties. Nothing contained herein, expressed or implied, is intended to give to any person other than the AuthorityLocal Agency, the Trustee, the Bond Insurer Trustee and the Holders any right, remedy or claim under or by reason hereof. Any agreement or covenant required herein to be performed by or on behalf of the Authority Local Agency or any member, officer or employee thereof shall be for the sole and exclusive benefit of the Trustee, the Bond Insurer Trustee and the Holders.

Appears in 1 contract

Samples: Trust Agreement

Benefits of the Trust Agreement Limited to Parties. Nothing contained herein, expressed or implied, is intended to give to any person other than the AuthorityAgency, the Trustee, the Bond Insurer Insurer, if any, and the Holders Owners any right, remedy or claim under or by reason hereof. Any agreement or covenant required herein to be performed by or on behalf of the Authority Agency or any member, officer or employee thereof shall be for the sole and exclusive benefit of the Trustee, the Bond Insurer and the HoldersOwners.

Appears in 1 contract

Samples: Trust Agreement

Benefits of the Trust Agreement Limited to Parties. Nothing contained herein, expressed or implied, is intended to give to any person other than the City, the Authority, the Trustee, [the Bond Insurer Insurer] and the Holders Owners any right, remedy remedy, or claim under or by reason hereof. Any agreement or covenant required herein to be performed by or on behalf of the City or the Authority or any member, officer or employee thereof shall be for the sole and exclusive benefit of the Trustee, the Bond Insurer Authority, [the Insurer] and the HoldersOwners.

Appears in 1 contract

Samples: Trust Agreement

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Benefits of the Trust Agreement Limited to Parties. Nothing contained herein, expressed or implied, is intended to give to any person other than the AuthorityLocal Agencies, the Trustee, the Bond Insurer Authority, and the Holders Owners any rightclaim, remedy or claim right under or by reason hereof. Any agreement pursuant hereto, and any agreement, condition, covenant or covenant term contained herein required herein to be observed or performed by or on behalf of the Local Agencies or the Authority or any member, officer or employee thereof shall be for the sole and exclusive benefit of the Trustee, the Bond Insurer Authority and the HoldersOwners and their successors.

Appears in 1 contract

Samples: Trust Agreement

Benefits of the Trust Agreement Limited to Parties. Nothing contained herein, expressed or implied, is intended to give to any person other than the AuthorityLocal Educational Agencies, the Trustee, the Bond Insurer Trustee and the Holders Owners any rightclaim, remedy or claim right under or by reason hereof. Any agreement pursuant hereto, and any agreement, condition, covenant or covenant term contained herein required herein to be observed or performed by or on behalf of the Authority or any member, officer or employee thereof Local Educational Agencies shall be for the sole and exclusive benefit of the Trustee, the Bond Insurer Trustee and the HoldersOwners and their successors.

Appears in 1 contract

Samples: Trust Agreement

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