Common use of Limitation on Rights of Others Clause in Contracts

Limitation on Rights of Others. None of the provisions of this Agreement, including Section 3.02, shall be for the benefit of or enforceable by any creditor of the Company. Furthermore, the Member shall not have any duty or obligation to any creditor of the Company to make any contribution to the Company or to issue any call for capital pursuant to this Agreement. Nothing in this Agreement shall be deemed to create any legal or equitable right, remedy or claim in any person not a party hereto (other than an Indemnified Person).

Appears in 16 contracts

Samples: Operating Agreement (PJC Manchester Realty LLC), Member Control Agreement (PJC Manchester Realty LLC), Operating Agreement (PJC Manchester Realty LLC)

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Limitation on Rights of Others. None of the provisions of this Agreement, including Section 3.02including, without limitation, Sections 3.02 and 5.03, shall be for the benefit of or enforceable by any creditor of the Company. Furthermore, the Member shall not have any duty or obligation to any creditor of the Company to make any contribution to the Company or to issue any call for capital pursuant to this Agreement. Nothing in this Agreement shall be deemed to create any legal or equitable right, remedy or claim in any person not a party hereto (other than an Indemnified Person).

Appears in 1 contract

Samples: Operating Agreement (Westlake PVC Corp)

Limitation on Rights of Others. None of the provisions of this Agreement, including Section 3.02including, without limitation, Sections 4.02 and 7.03, shall be for the benefit of or enforceable by any creditor of the Company. Furthermore, the Member Members shall not have any duty or obligation to any creditor of the Company to make any contribution to the Company or to issue any call for capital pursuant to this Agreement. Nothing in this Agreement shall be deemed to create any legal or equitable right, remedy or claim in any person Person not a party hereto (other than an Indemnified Person).

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement (Coach Inc)

Limitation on Rights of Others. None of the provisions of this Agreement, including Section 3.02, shall be for the benefit of or enforceable by any creditor of the Company. Furthermore, the no Member shall not have any duty or obligation to any creditor of the Company to make any contribution to the Company or to issue any call for capital pursuant to this Agreement. Nothing in this Agreement shall be deemed to create any legal or equitable right, remedy or claim in any person not a party hereto (other than an Indemnified Person).

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Northern Tier Energy LLC)

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Limitation on Rights of Others. None of the provisions of this Agreement, including Section 3.02, Agreement shall be for the benefit of or enforceable by any creditor of the Company. Furthermore, except as provided in Section 3.7(b), the Member Members shall not have any duty or obligation to any creditor of the Company to make any contribution to the Company or to issue any call for capital pursuant to this Agreement. Nothing in this Agreement shall be deemed to create any legal or equitable right, remedy or claim in any person Person not a party hereto (other than an Indemnified Personany Person indemnified under Article XII).

Appears in 1 contract

Samples: Limited Liability Company Agreement

Limitation on Rights of Others. None of the provisions of this Agreement, including Section 3.024.02, shall be for the benefit of or enforceable by any creditor of the Company. Furthermore, the Member Members shall not have any duty or obligation to any creditor of the Company to make any contribution to the Company or to issue any call for capital pursuant to this Agreement. Nothing in this Agreement shall be deemed to create any legal or equitable right, remedy or claim in any person not a party hereto (other than an Indemnified Person).

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Memc Electronic Materials Inc)

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