Common use of Creditors Not Benefited Clause in Contracts

Creditors Not Benefited. Nothing in this Agreement (including specifically Sections 4.4, 5.4, 6.3 and 11.2) is intended to benefit any creditor of (i) the Partnership or (ii) a Partner. No creditor of the Partnership or a Partner will be entitled to require the General Partner to solicit or accept any loan or additional capital contribution for the Partnership or to enforce any right which the Partnership or any Partner may have against a Partner, whether arising under this Agreement or otherwise. ~18~

Appears in 3 contracts

Samples: AmREIT Monthly Income & Growth Fund IV LP, AmREIT Monthly Income & Growth Fund IV LP, AmREIT Monthly Income & Growth Fund IV LP

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Creditors Not Benefited. Nothing in this Agreement (including specifically Sections 4.4, 5.4, 6.3 and 11.2) is intended to benefit any creditor of (i) the Partnership or (ii) a Partner. No creditor of the Partnership or a Partner will be entitled to require the General Partner to solicit or accept any loan or additional capital contribution for the Partnership or to enforce any right which the Partnership or any Partner may have against a Partner, whether arising under this Agreement or otherwise. ~18~.

Appears in 1 contract

Samples: AmREIT Monthly Income & Growth Fund III LTD

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