EFFECTS ON THIRD PARTIES Sample Clauses
The "Effects on Third Parties" clause defines how the agreement impacts individuals or entities who are not direct parties to the contract. Typically, this clause clarifies whether third parties have any rights or obligations under the contract, often stating that the contract does not confer benefits or impose duties on outsiders. Its core function is to prevent unintended legal claims or liabilities from third parties, ensuring that only the signatories are bound by or can enforce the contract's terms.
EFFECTS ON THIRD PARTIES. Except for the Resigning Persons under Section 10.2, no Person other than the Parties shall have any rights or benefits under this Agreement, and nothing in this Agreement is intended to confer on any Person other than the Parties any rights, benefits or remedies.
EFFECTS ON THIRD PARTIES. Except as otherwise expressly provided in this Agreement, (i) no Person other than the Parties shall have any rights or benefits under this Agreement, and (ii) nothing in this Agreement is intended to confer on any Person other than the Parties any rights, benefits or remedies.
EFFECTS ON THIRD PARTIES. This agreement shall be binding upon each of the parties and their respective successors and assignees. The validity of this Agreement shall also be applicable to all Shares acquired in the future by way of purchase or in any other manner. Any acquirers of shares in the future shall be obliged to enter into this agreement. The Parties intend to seek a third shareholder for AboveNet Austria GmbH to increase the market potential for named Company. Following accession of such third Shareholder, the participation quotas is expected to be one third for each shareholder. Parties agree to amend this Shareholders Agreement in case of (i) the accession of parties different from the Parties to the Shareholders Agreement and/or (ii) transformation of AboveNet Austria GmbH into an AG and/or (iii) the establishment of a supervisory board and/or (iv) an IPO of AboveNet Austria GmbH being in preparation.
EFFECTS ON THIRD PARTIES. This Agreement shall be binding upon the Company and each of the Parties and their respective successors and permitted assignees. The validity of this Agreement shall also be applicable to all shares acquired in the future by way of purchase or in any other manner by the Parties.
EFFECTS ON THIRD PARTIES. Except for the resigning directors under Section 11.2, no Person other than the Parties shall have any rights or benefits under this Agreement, and nothing in this Agreement is intended to confer on any Person other than the Parties any rights, benefits or remedies.
EFFECTS ON THIRD PARTIES. 13 No person other than the Parties shall have any rights or benefits under this SPA, and nothing in this SPA is intended to confer on any person other than the Parties any rights, benefits or remedies.