Common use of No Third-Party Rights in Capital Clause in Contracts

No Third-Party Rights in Capital. The obligations or rights of the Partnership or of the Partners to make or require any Capital Contribution under this Agreement shall not grant any rights to, or confer any benefits upon, any Person who is not a Partner. The making of a nonrecourse loan to the Partnership shall not make the lender a Partner.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Amerus Life Holdings Inc), Articles of Limited Partnership (Amerus Life Holdings Inc)

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No Third-Party Rights in Capital. The obligations or rights of the Partnership or of the Partners to make or require any Capital Contribution under this Agreement or the Investor Notes shall not grant any rights to, or confer any benefits upon, any Person who is not a Partner. The making of a nonrecourse loan to the Partnership shall not make the lender a Partner.

Appears in 1 contract

Samples: Articles of Limited Partnership (Amerus Life Holdings Inc)

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No Third-Party Rights in Capital. The obligations or rights of the Partnership Company or of the Partners Members to make or require any Capital Contribution under this Agreement or the Investor Note shall not grant any rights to, or confer any benefits upon, any Person who is not a PartnerMember. The making of a nonrecourse loan to the Partnership Company shall not make the lender a PartnerMember.

Appears in 1 contract

Samples: Operating Agreement (Morgans Hotel Group Co.)

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