Common use of Limitation on Recourse; No Third Party Beneficiaries Clause in Contracts

Limitation on Recourse; No Third Party Beneficiaries. (a) No claim shall be brought or maintained by any Party or its respective successors or permitted assigns against any officer, director, partner, member, agent, representative, Affiliate, equity holder, successor or permitted assign of any Party which is not otherwise expressly identified as a Party, and no recourse shall be brought or granted against any of them, by virtue of or based upon any alleged misrepresentation or inaccuracy in or breach of any of the representations, warranties, covenants or obligations of any Party set forth or contained in this Agreement or any exhibit or schedule hereto or any certificate delivered hereunder. (b) Except as set forth in Section 9.3, the provisions of this Article IX are for the sole benefit of the Parties and nothing in this Article IX, express or implied, is intended to or shall confer upon any other Person any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Article IX.

Appears in 4 contracts

Samples: Share Exchange Agreement (WebXU, Inc.), Share Exchange Agreement (WebXU, Inc.), Share Exchange Agreement (WebXU, Inc.)

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Limitation on Recourse; No Third Party Beneficiaries. (a) No claim shall be brought or maintained by any Party or its respective successors or permitted assigns against any officer, director, partner, member, agent, representative, Affiliate, equity holder, successor or permitted assign of any Party which is not otherwise expressly identified as a Party, and no recourse shall be brought or granted against any of them, by virtue of or based upon any alleged misrepresentation or inaccuracy in or breach of any of the representations, warranties, covenants or obligations of any Party set forth or contained in this Agreement or any exhibit or schedule hereto or any certificate delivered hereunder. (b) Except as set forth in Section 9.3, the The provisions of this Article IX XV are for the sole benefit of the Parties and nothing in this Article IXXV, express or implied, is intended to or shall confer upon any other Person any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Article IXXV.

Appears in 3 contracts

Samples: Merger Agreement (Pantheon Arizona Corp.), Merger Agreement (Pantheon China Acquisition Corp.), Merger Agreement (China Cord Blood Corp)

Limitation on Recourse; No Third Party Beneficiaries. (a) No claim shall be brought or maintained by any Party or its respective successors or permitted assigns against any officer, director, partner, member, agent, representative, Affiliate, equity holder, successor or permitted assign of any Party which is not otherwise expressly identified as a Party, and no recourse shall be brought or granted against any of them, by virtue of or based upon any alleged misrepresentation or inaccuracy in or breach of any of the representations, warranties, covenants or obligations of any Party set forth or contained in this Agreement or any exhibit or schedule hereto or any certificate delivered hereunder. (b) Except as set forth in Section 9.310.2(a) and 10.3(a), the provisions of this Article IX X are for the sole benefit of the Parties and nothing in this Article IXX, express or implied, is intended to or shall confer upon any other Person any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Article IX.X.

Appears in 3 contracts

Samples: Purchase Agreement (CAMAC Energy Inc.), Purchase and Sale Agreement (Pacific Asia Petroleum Inc), Purchase and Sale Agreement

Limitation on Recourse; No Third Party Beneficiaries. (a) No claim shall be brought or maintained by any Party or its respective successors or permitted assigns against any officer, director, partner, member, agent, representative, Affiliate, equity holder, successor or permitted assign of any Party which is not otherwise expressly identified as a Party, and no recourse shall be brought or granted against any of them, by virtue of or based upon any alleged misrepresentation or inaccuracy in or breach of any of the representations, warranties, covenants or obligations of any Party set forth or contained in this Agreement or any exhibit or schedule hereto or any certificate delivered hereunder. (b) Except as set forth in Section 9.3, the The provisions of this Article IX are for the sole benefit of the Parties and nothing in this Article IX, express or implied, is intended to or shall confer upon any other Person any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Article IX.

Appears in 1 contract

Samples: Merger Agreement (Prospect Acquisition Corp)

Limitation on Recourse; No Third Party Beneficiaries. (a) No claim shall be brought or maintained by any Party or its respective successors or permitted assigns against any officer, director, partner, member, agent, representative, Affiliate, equity holder, successor or permitted assign of any Party which is not otherwise expressly identified as a Party, and no recourse shall be brought or granted against any of them, by virtue of or based upon any alleged misrepresentation or inaccuracy in or breach of any of the representations, warranties, covenants or obligations of any Party set forth or contained in this Agreement or any exhibit or schedule hereto or any certificate delivered hereunder. (b) Except as set forth in Section 9.314.3, the provisions of this Article IX XIV are for the sole benefit of the Parties and nothing in this Article IXXIV, express or implied, is intended to or shall confer upon any other Person any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Article IXXIV (it being understood that only the Independent Committee and not Middle Kingdom, any Person acting on its behalf or any other Person, may exercise any indemnity rights under Section 14.2 or any other provision of Article XIV).

Appears in 1 contract

Samples: Merger Agreement (Middle Kingdom Alliance Corp.)

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Limitation on Recourse; No Third Party Beneficiaries. (a) No claim shall be brought or maintained by any Party or its respective successors or permitted assigns against any officer, director, partner, member, agent, representativeRepresentative, Affiliate, equity holder, successor or permitted assign of any Party which is not otherwise expressly identified as a Party, and no recourse shall be brought or granted against any of them, by virtue of or based upon any alleged misrepresentation or inaccuracy in or breach of any of the representations, warranties, covenants or obligations of any Party set forth or contained in this Agreement or any exhibit or schedule hereto or any certificate delivered hereunder. (b) Except as set forth in Section 9.310.2(a) and 10.3(a), the provisions of this Article IX X are for the sole benefit of the Parties and nothing in this Article IXX, express or implied, is intended to or shall confer upon any other Person any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Article IX.X.

Appears in 1 contract

Samples: Transfer Agreement (CAMAC Energy Inc.)

Limitation on Recourse; No Third Party Beneficiaries. (a) No claim shall be brought or maintained by any Party or its respective successors or permitted assigns against any officer, director, partner, member, agent, representative, Affiliate, equity holder, successor or permitted assign of any Party which is not otherwise expressly identified as a Party, and no recourse shall be brought or granted against any of them, by virtue of or based upon any alleged misrepresentation or inaccuracy in or breach of any of the representations, warranties, covenants or obligations of any Party set forth or contained in this Agreement or any exhibit or schedule hereto or any certificate delivered hereunder. (b) Except as set forth in Section 9.310.3, the provisions of this Article IX X are for the sole benefit of the Parties and nothing in this Article IXX, express or implied, is intended to or shall confer upon any other Person any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Article IXX (it being understood that only the Independent Committee and not TM, any Person acting on its behalf or any other Person, may exercise any indemnity rights under Section 10.2 or any other provision of Article XIV).

Appears in 1 contract

Samples: Share Exchange Agreement (TM Entertainment & Media, Inc.)

Limitation on Recourse; No Third Party Beneficiaries. (a) No claim shall be brought or maintained by any Party or its respective successors or permitted assigns against any officer, director, partner, member, agent, representative, Affiliate, equity holder, successor or permitted assign of any Party which is not otherwise expressly identified as a Party, and no recourse shall be brought or granted against any of them, by virtue of or based upon any alleged misrepresentation or inaccuracy in or breach of any of the representations, warranties, covenants or obligations of any Party set forth or contained in this Agreement or any exhibit or schedule hereto or any certificate delivered hereunder. (b) Except as set forth in Section 9.3, the provisions of this Article IX are for the sole benefit of the Parties and nothing in this Article IX, express or implied, is intended to or shall confer upon any other Person any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Article IX (it being understood that only the Independent Committee and not NCCI, any Person acting on its behalf or any other Person, may exercise any indemnity rights under Section 9.2 or any other provision of Article IX).

Appears in 1 contract

Samples: Share Exchange Agreement (New Century Companies Inc)

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