Common use of No Partnership; Third Party Beneficiaries Clause in Contracts

No Partnership; Third Party Beneficiaries. Nothing in this Agreement shall be deemed to create a joint venture, partnership, tax partnership or agency relationship between the Parties. This Agreement is solely for the benefit of (a) the Seller and (prior to the Closing) the Company (and their successors and permitted assigns), with respect to the obligations of the Buyer and (after the Closing) the Company under this Agreement; and (b) the Buyer and (after the Closing) the Company (and its successors and permitted assigns), with respect to the obligations of the Seller and (prior to the Closing) the Company under this Agreement. Except as provided in (i) Article VIII, and (ii) Section 9.16 (the provisions in clauses (i) and (ii), the “Third-Party Provisions”), this Agreement shall not be deemed to confer upon or give to any other third Person any remedy, claim of liability or reimbursement, cause of action or other right. The Third-Party Provisions may be enforced by the beneficiaries thereof.

No Partnership; Third Party Beneficiaries. Nothing in this Agreement shall be deemed to create a joint venture, partnership, tax partnership or agency relationship between the Parties. This Agreement is solely for the benefit of (a) the Seller and (prior to the Closing) the Company Sellers (and their respective successors and permitted assigns), with respect to the obligations of the Buyer and (after the Closing) the Company under this Agreement; and (b) the Buyer and (after the Closing) the Company (and its successors and permitted assigns), with respect to the obligations of the Seller and (prior to the Closing) the Company Sellers under this Agreement. Except as provided in (i) Article VIII, IX and (ii) Section 9.16 the terms and conditions of the Equity Commitment Letter (the provisions in clauses (i) and (ii), the “Third-Party Provisions”), this Agreement and the other Transaction Documents shall not be deemed to confer upon or give to any other third Person any remedy, claim of liability or reimbursement, cause of action or other right. The Third-Party Provisions may be enforced by the beneficiaries thereof.