Common use of No Expansion of Third Party Rights Clause in Contracts

No Expansion of Third Party Rights. The (i) assumption by the Buyer of the Assumed Liabilities, (ii) transfer thereof by the Seller and (iii) limitations in the description of excluded liabilities in Section 3.3 shall in no way expand the rights or remedies of any third party against the Buyer or the Seller as compared to the rights and remedies which such third party would have had against the Seller had the Buyer not assumed such liabilities. Without limiting the generality of the preceding sentence, the assumption by the Buyer of the Assumed Liabilities shall not create any third party beneficiary rights.

Appears in 2 contracts

Samples: Purchase Agreement (Usol Holdings Inc), Purchase Agreement (Usol Holdings Inc)

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No Expansion of Third Party Rights. The (i) assumption by the Buyer Purchaser of the Assumed Liabilities, (ii) transfer thereof by the Seller of the Assumed Liabilities and (iii) limitations in the description of excluded liabilities Excluded Liabilities in Section 3.3 2.3 shall in no way expand the rights or remedies of any third party against the Buyer Purchaser or the Seller as compared to the rights and remedies which such third party would have had against the Seller had the Buyer Purchaser not assumed such liabilities. Without limiting the generality of the preceding sentence, the assumption by the Buyer Purchaser of the Assumed Liabilities shall not create any third party beneficiary rights.

Appears in 1 contract

Samples: Asset Purchase Agreement (Video City Inc)

No Expansion of Third Party Rights. The (ia) assumption by the Buyer Purchaser of the Assumed Liabilities, (iib) transfer thereof by the Seller Company and (iiic) limitations in the description of excluded liabilities Excluded Liabilities in Section 3.3 1.5 shall in no way expand the rights or remedies of any third party against the Buyer Purchaser or the Seller Company as compared to the rights and remedies which such third party would have had against the Seller Company had the Buyer Purchaser not assumed such liabilities. Without limiting the generality of the preceding sentence, the assumption by the Buyer Purchaser of the Assumed Liabilities shall not create any third party beneficiary rights.

Appears in 1 contract

Samples: Asset Purchase Agreement (M Wave Inc)

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No Expansion of Third Party Rights. The (ia) assumption by the Buyer Purchaser of the Assumed Liabilities, (iib) transfer thereof by the Seller Company and (iiic) limitations in the description of excluded liabilities Excluded Liabilities in Section 3.3 1.5 shall in no way expand the rights or remedies of any third party against the Buyer Purchaser, the Company or the Seller Shareholders as compared to the rights and remedies which such third party would have had against the Seller Company or the Shareholders had the Buyer Purchaser not assumed such liabilities. Without limiting the generality of the preceding sentence, the assumption by the Buyer Purchaser of the Assumed Liabilities shall not create any third party beneficiary rights.

Appears in 1 contract

Samples: Asset Purchase Agreement (Steinway Musical Instruments Inc)

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