Common use of Limitation on Benefits of this Agreement Clause in Contracts

Limitation on Benefits of this Agreement. It is the explicit intention of the Members that no person or entity other than the Members and the Company is or shall be entitled to bring any action to enforce any provision of this Agreement against any Member or the Company, and that the covenants, undertakings and agreements set forth in this Agreement shall be solely for the benefit of, and shall be enforceable only by, the Members (or their respective heirs, legal representatives, successors and assigns as permitted pursuant to this Agreement) and the Company.

Appears in 3 contracts

Samples: Member Control Agreement (Dakota Plains Holdings, Inc.), Member Control Agreement (Dakota Plains Holdings, Inc.), Member Control Agreement (MCT Holding Corp)

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Limitation on Benefits of this Agreement. It is the explicit intention of the Members that no person or entity Person other than the Members and the Company LLC is or shall be entitled to bring any action to enforce any provision of this Agreement against any Member the Members or the CompanyLLC, and that the covenants, undertakings and agreements set forth in this Agreement shall be solely for the benefit of, and shall be enforceable only by, the Members (or their respective heirs, legal representatives, successors and assigns as permitted pursuant to this Agreement) hereunder), and the CompanyLLC.

Appears in 2 contracts

Samples: Operating Agreement (Reckson Operating Partnership Lp), Operating Agreement (Reckson Associates Realty Corp)

Limitation on Benefits of this Agreement. It is the explicit intention of the Members that no No person or entity other than the Members and the Company is or shall be entitled to bring any action to enforce any provision of this Agreement against any Member or the Company, and that the . All covenants, undertakings undertakings, and agreements set forth in this Agreement shall be solely for the benefit of, and shall be enforceable only by, the Members (or their respective heirs, legal representatives, successors and assigns as permitted pursuant to this Agreement) and the Companyhereunder).

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (Liberty Property Limited Partnership), Limited Liability Company Operating Agreement (Liberty Property Limited Partnership)

Limitation on Benefits of this Agreement. It Subject to Section 7.9, it is the explicit intention of the Members that no person or entity Person other than the Members and the Company LLC is or shall be entitled to bring any action to enforce any provision of this Agreement against any Member or the CompanyLLC, and that the covenants, undertakings and agreements set forth in this Agreement shall be solely for the benefit of, and shall be enforceable only by, the Members (or their respective heirs, legal representatives, successors and assigns as permitted pursuant to this Agreement) hereunder), and the CompanyLLC.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Hughes Communications, Inc.), Limited Liability Company Agreement (HNS-India VSAT, Inc.)

Limitation on Benefits of this Agreement. It is the explicit intention of the Members that no person or entity other than the Members and the Company is or shall be entitled to bring any action to enforce any provision of this Agreement against any Member or the Company, and that the covenants, undertakings and agreements set forth in this Agreement shall be solely for the benefit of, and shall be enforceable only by, the Members (or their respective heirs, legal representatives, successors and assigns as permitted pursuant to this Agreementhereunder) and the Company.; provided,

Appears in 1 contract

Samples: Limited Liability Company Agreement (Epl Technologies Inc)

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Limitation on Benefits of this Agreement. It Subject to Section 7.04, it is the explicit intention of the Members that no person or entity other than the Members and the Company is or shall be entitled to bring any action to enforce any provision of this Agreement against any Member or the Company, and that the covenants, undertakings and agreements set forth in this Agreement shall be solely for the benefit of, and shall be enforceable only by, the Members (or their respective heirs, legal representatives, successors and assigns as permitted pursuant to this Agreementhereunder) and the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Point Blank Solutions, Inc.)

Limitation on Benefits of this Agreement. It is the explicit intention of the Members that no person or entity Person other than the Members and the Company LLC is or shall be entitled to bring any action to enforce any provision of this Agreement against any either Member or the CompanyLLC, and that the covenants, undertakings and agreements set forth in this Agreement shall be solely for the benefit of, and shall be enforceable only by, the Members (or their respective heirs, legal representatives, successors and assigns as permitted pursuant to this Agreement) hereunder), and the CompanyLLC.

Appears in 1 contract

Samples: Operating Agreement (Reckson Operating Partnership Lp)

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