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 Issuer, the Bondholders, the Trustee, the State of New Hampshire, the Treasurer of the State of New Hampshire, agencies of the State of New Hampshire 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 Bondholders 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 Trustee. 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 RRB Property or under or in respect of this Agreement or any covenants, conditions or provisions contained herein.

Appears in 6 contracts

Samples: Servicing Agreement, Servicing Agreement (Northeast Utilities System), Servicing Agreement (PSNH Funding LLC)

AutoNDA by SimpleDocs

Limitations on Rights of Third Parties. The provisions of this Agreement are solely for the benefit of the ServicerSeller, the Issuer, the Bondholders, the Trustee, the State of New Hampshire, the Treasurer of the State of New HampshireTreasurer, agencies of the State of New Hampshire 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 Bondholders 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 Trustee. 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 RRB Property or under or in respect of this Agreement or any covenants, conditions or provisions contained herein.

Appears in 5 contracts

Samples: Purchase and Sale Agreement (PSNH Funding LLC), Purchase and Sale Agreement (Northeast Utilities System), Purchase and Sale Agreement (Northeast Utilities System)

Limitations on Rights of Third Parties. The provisions of this Agreement are solely for the benefit of the Servicer, the Issuer, the BondholdersHolders, the Indenture Trustee, the State of New Hampshire, the Treasurer of the State of New Hampshire, agencies of the State of New Hampshire 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 Bondholders Holders 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 Indenture Trustee. 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 RRB Property or under or in respect of this Agreement or any covenants, conditions or provisions contained herein.

Appears in 3 contracts

Samples: Servicing Agreement (PSNH Funding LLC 3), Servicing Agreement (PSNH Funding LLC 3), Servicing Agreement

Limitations on Rights of Third Parties. The provisions of -------------------------------------- this Agreement are solely for the benefit of the Servicer, the Issuer, the Bondholders, the Trustee, the State of New Hampshire, the Treasurer of the State of New Hampshire, agencies of the State of New Hampshire 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 Bondholders 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 Trustee. 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 RRB Property or under or in respect of this Agreement or any covenants, conditions or provisions contained herein.

Appears in 1 contract

Samples: Servicing Agreement (PSNH Funding LLC 2)

AutoNDA by SimpleDocs

Limitations on Rights of Third Parties. The provisions of -------------------------------------- this Agreement are solely for the benefit of the ServicerSeller, the Issuer, the Bondholders, the Trustee, the State of New Hampshire, the Treasurer of the State of New HampshireTreasurer, agencies of the State of New Hampshire 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 Bondholders 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 Trustee. 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 RRB Property or under or in respect of this Agreement or any covenants, conditions or provisions contained herein.

Appears in 1 contract

Samples: Purchase and Sale Agreement (PSNH Funding LLC 2)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!