No Benefits Guaranteed or Rights Created Sample Clauses

No Benefits Guaranteed or Rights Created. Nothing contained in the Trust shall constitute a guarantee that the liquid Assets of the Trust will be sufficient to pay any benefit to any person or make any other payment. Except for payments of Benefits on his or her behalf, no Plan participant shall receive any distribution of cash or other thing of current or exchangeable value from the Trustee on account of or as a result of the Trust created hereunder. Nothing appearing in or done pursuant to this Agreement will be held or construed to give any person, other than the District, legal or equitable right or interest in the Trust or any part thereof or distribution therefrom or against the Trustee.
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Related to No Benefits Guaranteed or Rights Created

  • Governing Law This Agreement shall be governed by and construed in accordance with the laws of the State of New York.

  • Termination This Agreement may be terminated at any time prior to the Closing:

  • Indemnification In the event any Registrable Securities are included in a Registration Statement under this Agreement:

  • Counterparts This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

  • Entire Agreement This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter contained in this Agreement and supersedes all prior agreements, understandings and negotiations between the parties.

  • Assignment This Agreement and all rights and obligations hereunder may not be assigned without the written consent of the other party.

  • Notices Any notice, request or other document required or permitted to be given or delivered to the Holder by the Company shall be delivered in accordance with the notice provisions of the Purchase Agreement.

  • IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the day and year first above written.

  • Severability Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

  • Definitions As used in this Agreement, the following terms shall have the following meanings:

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