Common use of Binding Effect; No Third Party Beneficiaries Clause in Contracts

Binding Effect; No Third Party Beneficiaries. This Agreement shall inure to the benefit of and shall be binding upon the parties hereto and their respective successors and permitted assigns. Except as specifically provided herein, nothing contained in this Agreement shall create a contractual relationship with or a cause of action against the Owner or the other Indemnified Parties in favor of a third party.

Appears in 2 contracts

Samples: Consultant’s Master Service Agreement, Consultant’s Master Service Agreement

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Binding Effect; No Third Party Beneficiaries. This Subject to the restrictions on Dispositions set forth herein, this Agreement shall inure is binding on and inures to the benefit of the Members and shall be binding upon the parties hereto each Indemnified Person and their respective heirs, legal representatives, successors and permitted assigns. Except as specifically provided hereinin Article XII hereof, nothing contained in this Agreement shall create a contractual relationship with provide any benefit to any third party or a entitle any third party to any claim, cause of action against action, remedy or right of any kind, it being the Owner or intent of the other Indemnified Parties in favor of parties that this Agreement shall not be construed as a third partythirty-party beneficiary contract.

Appears in 2 contracts

Samples: Operating Agreement (Pacific Entertainment Corp), Operating Agreement (Cherokee International Finance Inc)

Binding Effect; No Third Party Beneficiaries. This Agreement shall bind and inure to the benefit of the parties and their successors and assigns; provided, however, that (a) this Agreement shall not inure to the benefit of any assignee pursuant to an assignment which violates the terms of this Agreement and (b) neither this Agreement nor any other agreement contemplated in this Agreement shall be binding deemed to confer upon the parties hereto and their respective successors and permitted assigns. Except as specifically provided herein, nothing any Person not a party to this Agreement or such other agreement any rights or remedies contained in this Agreement shall create a contractual relationship with or a cause of action against the Owner or the such other Indemnified Parties in favor of agreement as a third partyparty beneficiary hereof, thereof, or otherwise.

Appears in 2 contracts

Samples: Master Funding and Development Agreement (Adeptus Health Inc.), Master Funding and Development Agreement (Adeptus Health Inc.)

Binding Effect; No Third Party Beneficiaries. This Agreement shall be binding upon, and shall inure to the benefit of, the parties hereto. This Agreement is for the sole benefit of and shall be binding upon the parties hereto and their respective successors and permitted assigns. Except as specifically provided nothing herein, nothing contained in this Agreement express or implied, is intended to or shall create a contractual relationship with confer upon any other Person any legal or a cause equitable right, benefit or remedy of action against the Owner or the other Indemnified Parties in favor of a third partyany nature whatsoever.

Appears in 2 contracts

Samples: Stockholders Agreement (Orthopediatrics Corp), Stockholders Agreement (Orthopediatrics Corp)

Binding Effect; No Third Party Beneficiaries. This Agreement shall be binding upon and inure to the benefit of of, and shall be binding upon enforceable only by, the parties hereto Parties and their respective successors and permitted assigns. Except It is the explicit intention of the Parties that no person or entity, other than the named Parties or their successors or permitted assigns, is or shall be entitled to bring any action to enforce any provision of this Agreement, as specifically provided herein, nothing contained in this Agreement shall create a contractual relationship with or a cause of action against the Owner or the other Indemnified Parties in favor of a third partyparty beneficiary or otherwise.

Appears in 1 contract

Samples: Supply Agreement (Apellis Pharmaceuticals, Inc.)

Binding Effect; No Third Party Beneficiaries. This Agreement shall be binding upon and inure to the benefit of and shall be binding upon the parties hereto and their respective successors and permitted assigns. Except as specifically provided This Agreement is for the sole benefit of the parties hereto and their respective successors and assigns and nothing herein, nothing contained in express or implied, is intended to or shall confer upon any other person or entity any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Agreement shall create a contractual relationship with or a cause of action against the Owner or the other Indemnified Parties in favor of a third partyAgreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Techprecision Corp)

Binding Effect; No Third Party Beneficiaries. This Agreement shall be binding upon and inure to the benefit of and shall be binding upon the parties hereto and their respective successors and permitted assigns. Except assigns and, except as specifically provided expressly set forth herein, nothing contained is not intended to confer upon any other Person (other than a Non-Recourse Party with respect to Section 10.17 hereof) any rights or remedies hereunder; provided that, notwithstanding anything to the contrary in this Agreement Agreement, the Financing Sources shall create a contractual relationship with or a cause of action against be third party beneficiaries of, and shall have the Owner or right to enforce their rights and remedies under, the other Indemnified Parties in favor of a third partyFinancing Source Protection Provisions.

Appears in 1 contract

Samples: Real Property Asset Purchase Agreement (MPT Operating Partnership, L.P.)

Binding Effect; No Third Party Beneficiaries. This Agreement shall be binding on, and shall inure to the benefit of and shall be binding upon of, the parties hereto and their respective successors and permitted assigns. Except as specifically provided herein, nothing contained in this This Agreement is not intended to be for the benefit of and shall create not be enforceable by any Person who or which is not a contractual relationship with or a cause of action against the Owner or the other Indemnified Parties in favor of a third partyparty hereto.

Appears in 1 contract

Samples: Stock Purchase Agreement (Aero Performance Products, Inc.)

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Binding Effect; No Third Party Beneficiaries. This Agreement shall bind and inure to the benefit of and shall be binding upon the parties hereto and their respective successors and permitted assigns. Except as specifically provided herein; provided, nothing contained in however, that (a) this Agreement shall create a contractual relationship with or a cause not inure to the benefit of action against any assignee pursuant to an assignment which violates the Owner or the terms of this Agreement and (b) neither this Agreement nor any other Indemnified Parties in favor of a third party.agreement 40

Appears in 1 contract

Samples: Master Funding and Development Agreement (Adeptus Health Inc.)

Binding Effect; No Third Party Beneficiaries. This Agreement shall be binding upon and inure to the benefit of each Party and shall be binding upon the parties hereto and their its respective successors and permitted assigns. Except as specifically provided herein, nothing contained Nothing in this Agreement Agreement, expressed or implied, shall create a contractual relationship give to any Person, other than the Parties, any benefit or any legal or equitable right, remedy or claim under or in connection with or a cause of action against the Owner or the other Indemnified Parties in favor of a third partythis Agreement.

Appears in 1 contract

Samples: Note Purchase Agreement (Corebridge Financial, Inc.)

Binding Effect; No Third Party Beneficiaries. This Agreement shall will be binding upon and inure to the benefit of and shall be binding upon the parties hereto and their respective successors and permitted assigns. Except as specifically otherwise expressly provided herein, nothing contained in the provisions of this Agreement are solely for the benefit of the parties and are not intended to confer upon any person except the parties any rights or remedies hereunder. Except as otherwise expressly provided herein, there are no third-party beneficiaries of this Agreement and this Agreement shall create a contractual relationship not provide any third party with any remedy, claim, liability, reimbursement, claim of action, or a cause of action against the Owner or the other Indemnified Parties in favor of a third partyright.

Appears in 1 contract

Samples: Strategic Supply Agreement (Remec Inc)

Binding Effect; No Third Party Beneficiaries. This Agreement shall be binding upon and inure to the benefit of and shall be binding upon the parties hereto Parties and their respective successors and permitted assigns. Except as specifically provided herein, nothing contained Nothing in this Agreement shall create or be deemed to create any third party beneficiary rights in any Person or entity not a contractual relationship with or a cause of action against the Owner or the other Indemnified Parties in favor of a third partyParty to this Agreement.

Appears in 1 contract

Samples: Contribution Agreement (TerraForm Power, Inc.)

Binding Effect; No Third Party Beneficiaries. This Agreement shall be binding upon and inure to the benefit of and shall be binding upon the parties hereto and Parties hereto, their respective successors and permitted assigns. Except as specifically provided herein, nothing contained Nothing in this Agreement is intended, nor shall create a contractual relationship with or a cause be deemed, to confer any benefits on any third party, including, without limitation any patients of action against the Owner or the other Indemnified Parties in favor of a third partyParty, nor shall such person or entity have any right to seek, enforce or recover any right or remedy with respect hereto.

Appears in 1 contract

Samples: Donor Procurement Services Agreement

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