Common use of Limitations on Rights of Third Parties Clause in Contracts

Limitations on Rights of Third Parties. The provisions of this Agreement are solely for the benefit of the Servicer, the Note Issuer, the Noteholders, the Certificateholders, the Note Trustee, the Certificate Trustee, the Delaware Trustee, the Agencies, the Certificate Issuer and the other Persons expressly referred to herein and such Persons shall have the right to enforce the relevant provisions of this Agreement, except that the Noteholders and the Certificateholders shall be entitled to enforce their rights against the Servicer under this Agreement solely through a cause of action brought for their benefit by the Note Trustee or the Certificate Trustee, as the case may be. Nothing in this Agreement, whether express or implied, shall be construed to give to any other Person any legal or equitable right, remedy or claim in the Transition Property or under or in respect of this Agreement or any covenants, conditions or provisions contained herein.

Appears in 8 contracts

Samples: Transition Property Servicing Agreement (CEC Funding, LLC), Transition Property Servicing Agreement (BEC Funding II, LLC), Transition Property Servicing Agreement (BEC Funding II, LLC)

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Limitations on Rights of Third Parties. The provisions of this Agreement are solely for the benefit of the ServicerSeller, the Note Issuer, the Noteholders, the Certificateholders, the Note Trustee, the Certificate Trustee, the Delaware Trustee, the Agencies, the Certificate Issuer and the other Persons expressly referred to herein herein, and such Persons shall have the right to enforce the relevant provisions of this Agreement, except that the Noteholders and the Certificateholders shall be entitled to enforce their rights against the Servicer Seller under this Agreement solely through a cause of action brought for their benefit by the Note Trustee or the Certificate Trustee, as the case may be. Nothing in this Agreement, whether express or implied, shall be construed to give to any other Person any legal or equitable right, remedy or claim in the Transition Property or under or in respect of this Agreement or any covenants, conditions or provisions contained herein.

Appears in 5 contracts

Samples: Transition Property Purchase and Sale Agreement (CEC Funding, LLC), Transition Property Purchase and Sale Agreement (BEC Funding II, LLC), Transition Property Purchase and Sale Agreement (BEC Funding II, LLC)

Limitations on Rights of Third Parties. The provisions of this Agreement are solely for the benefit of the Servicer, the Note Issuer, the Noteholders, the Certificateholders, any Swap Counterparty, the Note Trustee, the Certificate Trustee, the Delaware Trustee, the AgenciesFinance Authority, the Certificate Issuer and the other Persons expressly referred to herein and such Persons shall have the right to enforce the relevant provisions of this Agreement, except that the Noteholders Noteholders, and the Certificateholders and any Swap Counterparty shall be entitled to enforce their rights against the Servicer under this Agreement solely through a cause of action brought for their benefit by the Note Trustee or the Certificate Trustee, as the case may be. Nothing in this Agreement, whether express or implied, shall be construed to give to any other Person any legal or equitable right, remedy or claim in the Transition Property or under or in respect of this Agreement or any covenants, conditions or provisions contained herein.

Appears in 2 contracts

Samples: Transition Property Servicing Agreement (Northeast Utilities System), Transition Property Servicing Agreement (Cl&p Funding LLC)

Limitations on Rights of Third Parties. The provisions of this Agreement are solely for the benefit of the ServicerSeller, the Note Issuer, the Noteholders, the Certificateholders, any Swap Counterparty, the Note Trustee, the Certificate Trustee, the Delaware Trustee, the AgenciesFinance Authority, the Certificate Issuer and the other Persons expressly referred to herein herein, and such Persons shall have the right to enforce the relevant provisions of this Agreement, except that the Noteholders and the Certificateholders shall be entitled to enforce their rights against the Servicer Seller under this Agreement solely through a cause of action brought for their benefit by the Note Trustee or the Certificate Trustee, as the case may be. Nothing in this Agreement, whether express or implied, shall be construed to give to any other Person any legal or equitable right, remedy or claim in the Transition Property or under or in respect of this Agreement or any covenants, conditions or provisions contained herein.

Appears in 2 contracts

Samples: Transition Property Purchase and Sale Agreement (Cl&p Funding LLC), Transition Property Purchase and Sale Agreement (Northeast Utilities System)

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Limitations on Rights of Third Parties. The provisions of this Agreement are solely for the benefit of the Servicer, the Note Issuer, the Noteholders, the Certificateholders, the Note Trustee, the Certificate Trustee, the Delaware Trustee, the AgenciesFinance Authority, the Certificate Issuer and the other Persons expressly referred to herein and such Persons shall have the right to enforce the relevant provisions of this Agreement, except that the Noteholders and the Certificateholders shall be entitled to enforce their rights against the Servicer under this Agreement solely through a cause of action brought for their benefit by the Note Trustee or the Certificate Trustee, as the case may be. Nothing in this Agreement, whether express or implied, shall be construed to give to any other Person any legal or equitable right, remedy or claim in the Transition Property or under or in respect of this Agreement or any covenants, conditions or provisions contained herein.

Appears in 1 contract

Samples: Transition Property Servicing Agreement (Cl&p Funding LLC)

Limitations on Rights of Third Parties. The provisions of this Agreement are solely for the benefit of the ServicerSeller, the Note Issuer, the Noteholders, the Certificateholders, the Note Trustee, the Certificate Trustee, the Delaware Trustee, the AgenciesFinance Authority, the Certificate Issuer and the other Persons expressly referred to herein herein, and such Persons shall have the right to enforce the relevant provisions of this Agreement, except that the Noteholders and the Certificateholders shall be entitled to enforce their rights against the Servicer Seller under this Agreement solely through a cause of action brought for their benefit by the Note Trustee or the Certificate Trustee, as the case may be. Nothing in this Agreement, whether express or implied, shall be construed to give to any other Person any legal or equitable right, remedy or claim in the Transition Property or under or in respect of this Agreement or any covenants, conditions or provisions contained herein.

Appears in 1 contract

Samples: Transition Property Purchase and Sale Agreement (Cl&p Funding LLC)

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