Common use of No Third-Party Claimants Clause in Contracts

No Third-Party Claimants. Any claim for indemnity under this Section 16.2 or this Agreement by any current or former Indemnified Purchaser Parties or the Indemnified Seller Parties must be brought and administered by the applicable Party to this Agreement. No Indemnified Party other than a Seller and Purchaser shall have any rights against either Seller or Purchaser under the terms of this Agreement except as may be exercised on its behalf by Purchaser or Seller, as applicable, pursuant to this Section 16.2(c). Each Seller and Purchaser may elect to exercise or not exercise indemnification rights under this Section on behalf of the other Indemnified Parties affiliated or associated with such Party in its sole discretion and shall have no liability hereunder to any such other Indemnified Party for any action or inaction under this Section 16.3.

No Third-Party Claimants. Any claim for indemnity under this Section 16.2 or this Agreement by any current or former Indemnified Purchaser Parties or the Indemnified Seller Parties must be brought and administered by the applicable Party to this Agreement. No Indemnified Party other than a Seller and a Purchaser shall have any rights against either Seller or a Purchaser under the terms of this Agreement except as may be exercised on its behalf by Purchaser or Seller, as applicable, pursuant to this Section 16.2(c). Each Seller and Purchaser may elect to exercise or not exercise indemnification rights under this Section on behalf of the other Indemnified Parties affiliated or associated with such Party in its sole discretion and shall have no liability hereunder to any such other Indemnified Party for any action or inaction under this Section 16.316.2.

No Third-Party Claimants. Any claim for indemnity under this Section 16.2 15.3 or this Agreement by any current or former Indemnified Purchaser Parties or the Indemnified Seller Parties must be brought and administered by the applicable Party to this Agreement. No Indemnified Party other than a Seller Sellers, the Companies, the CAC Subsidiaries and Purchaser shall have any rights against either Seller Sellers, the Companies, the CAC Subsidiaries or Purchaser under the terms of this Agreement except as may be exercised on its their behalf by Purchaser or SellerSellers, as applicable, pursuant to this Section 16.2(c15.3(c). Each Seller of Sellers and Purchaser may elect to exercise or not exercise indemnification rights under this Section on behalf of the other Indemnified Parties affiliated or associated with such Party in its their sole discretion and shall have no liability hereunder to any such other Indemnified Party for any action or inaction under this Section 16.315.3.