Common use of Rights of Creditors and Third Parties under Agreement Clause in Contracts

Rights of Creditors and Third Parties under Agreement. This Agreement is entered into among the Company and the Members for the exclusive benefit of the Company, its Members, and their successors and assignees. The 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 creditor or third party shall have any rights under this Agreement or any agreement between the Company and any Member with respect to any capital contribution or otherwise.

Appears in 2 contracts

Samples: Operating Agreement (TASCR Ventures, LLC), Operating Agreement (Bon-Ton Stores of Lancaster, Inc.)

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Rights of Creditors and Third Parties under Agreement. This Agreement is entered into among the Company and the Members for the exclusive benefit of the Company, its Members, and their successors and assigneesassigns. The This Agreement is expressly not intended for the benefit of any creditor of the Company or any other personPerson. Except and only to the extent provided by applicable statute, no such creditor or third party shall have any rights under this Agreement or any agreement between the this Company and any Member with respect to any capital contribution Capital Contribution or otherwise.

Appears in 1 contract

Samples: Existing Operating Agreement (Integrated Defense Technologies Inc)

Rights of Creditors and Third Parties under Agreement. This Agreement is entered into among the Company and the Members for the exclusive benefit of the Company, its Members, and their successors and assignees. The Agreement is expressly not intended for the benefit of any creditor of the Company or any other personperson except as set forth in Section 9.15. Except as set forth in Section 9.15 and only to the extent provided by applicable statute, no creditor of the Company or third third-party shall have any rights under this Agreement or any agreement between the Company and any Member with respect to any capital contribution or otherwise.

Appears in 1 contract

Samples: Operating Agreement (Workhorse Group Inc.)

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Rights of Creditors and Third Parties under Agreement. This Agreement is entered into among between the Company and the Members Member for the exclusive benefit of the Company, its Membersthe Member, and their successors and assigneesassigns. The This Agreement is expressly not intended for the benefit of any creditor creditors of the Company or any other person. Person Except and only to the extent provided by applicable statutelaw, no such creditor or third party shall have any rights under this Agreement or any other agreement between the Company and any Member with respect to any capital contribution or otherwisethe Member.

Appears in 1 contract

Samples: Operating Agreement (Land O Lakes Inc)

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