Common use of Reliance by Third-Party Creditors Clause in Contracts

Reliance by Third-Party Creditors. This Agreement is entered into among the Members for the exclusive benefit of the Company, its Members and their successors and permitted assigns under the terms of this Agreement. This Agreement is expressly not intended for the benefit of any creditor of the Company or any other Person. Except and only to the extent provided by applicable statute, no such creditor or third party shall have rights under this Agreement or any agreement between the Company and any Member with respect to any Capital Contributions or otherwise.

Appears in 5 contracts

Samples: Assignment and Assumption Agreement, Limited Liability Company Agreement (American Medical Alert Corp), Limited Liability Company Agreement (HUGHES Telematics, Inc.)

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Reliance by Third-Party Creditors. This Agreement is entered into among the Members for the exclusive benefit of the Company, its Members and their successors and permitted assigns under the terms of this Agreementassigns. This Agreement is expressly not intended for the benefit of any creditor of the Company or any other Person. Except and only to the extent provided by applicable statute, no such creditor or third party shall have rights under this Agreement or any agreement between the Company and any Member with respect to any Capital Contributions or otherwise.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Arbitron Inc)

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Reliance by Third-Party Creditors. This Agreement is entered into among the Company and the Members for the exclusive benefit of the Company, its Members Members, and their successors and permitted assigns under the terms assigns. Specifically (but not by way of limitation), this Agreement. This Agreement is expressly not intended for the benefit of any creditor of the Company or any other Person. Except and only to the extent provided by applicable statutelaw, and then only to that extent, no such creditor or third party shall have any rights under this Agreement or under any other agreement between the Company and any Member Member, either with respect to any Capital Contributions contribution to the Company or otherwise.

Appears in 1 contract

Samples: Limited Liability Company Agreement

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