Sole Benefit of Members Sample Clauses

Sole Benefit of Members. The provisions of this Agreement are intended solely to benefit the Members and, to the fullest extent permitted by applicable Law, shall not be construed as conferring any benefit upon any creditor of the Company (and no such creditor shall be a third-party beneficiary of this Agreement), and the Members shall have no duty or obligation to any creditor of the Company to make any contributions or payments to the Company.
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Sole Benefit of Members. Except as expressly provided in Section 5.3, Section 5.11, Section 5.14, ARTICLE VI and Section 11.6, the provisions of this Agreement (including without limitation Section 4.1) are intended solely to benefit the Members and, to the fullest extent permitted by applicable Law, shall not be construed as conferring any benefit upon any creditor of the Company (and no such creditor shall be a third-party beneficiary of this Agreement), and no Member shall have any duty or obligation to any creditor of the Company to make any contributions or payments to the Company; provided, that Fiat shall be a third party beneficiary with respect to each provision of this Agreement that explicitly designates rights to Fiat, including but not limited to each provision of this Agreement that relates to the Fiat Directors and the Independent Directors.
Sample 1Sample 2Sample 3See All (7)
Sole Benefit of Members. Except as expressly provided in Section 5.3, Section 5.11, Section 5.14, and Article VI and Section 10.6, the provisions of this Agreement (including Section 4.1) are intended solely to benefit the Members and, to the fullest extent permitted by applicable Law, shall not be construed as conferring any benefit upon any creditor of the Company (and no such creditor shall be a third-party beneficiary of this Agreement), and no Member shall have any duty or obligation to any creditor of the Company to make any contributions or payments to the Company; provided that DCNAF shall be a third party beneficiary with respect to each provision of this Agreement that relates to the XX XxxXx Manager; provided, further, that CGI shall be a third party beneficiary with respect to each provision of this Agreement that explicitly designates rights to CGI, including but not limited to each provision of this Agreement that relates to the CGI CarCo Managers and the Independent Managers..
Sample 1
Sole Benefit of Members. Except as expressly provided in Section 5.3, Section 5.14. Section 10.6 and ARTICLE VI, the provisions of this Agreement (including Section 4.1) are intended solely to benefit the Members and, to the fullest extent permitted by applicable Law, shall not be construed as conferring any benefit upon any creditor of the Company (and no such creditor shall be a third-party beneficiary of this Agreement), and no Member shall have any duty or obligation to any creditor of the Company to make any contributions or payments to the Company; provided that the HoldCo Residual Value Interest Holders shall be third party beneficiaries with respect to each provision of this Agreement that relates to the Residual Value Interests; provided further that DCNAF shall be a third party beneficiary with respect to each provision of this Agreement that relates to the XX XxxXx Manager; provided, further, that CGI shall be a third party beneficiary with respect to each provision of this Agreement that explicitly designates rights to CGI, including but not limited to each provision of this Agreement that relates to the CGI XxxXx Managers and the Independent Managers. [SIGNATURE PAGE FOLLOWS]
Sample 1
Sole Benefit of Members. The provisions of these Regulations are intended solely to benefit the Members and, to the fullest extent permitted by applicable Law, shall not be construed as conferring any benefit upon any creditor of the Company (and no such creditor shall be a third-party beneficiary of these Regulations), and the Members shall have no duty or obligation to any creditor of the Company to make any contributions or payments to the Company.
Sample 1
Sole Benefit of Members. Except as expressly provided in ARTICLE VI, the provisions of this Agreement (including without limitation Section 4.1) are intended solely to benefit the Members and, to the fullest extent permitted by applicable Law, shall not be construed as conferring any benefit upon any creditor of the Company (and no such creditor shall be a third-party beneficiary of this Agreement), and no Member shall have any duty or obligation to any creditor of the Company to make any contributions or payments to the Company; provided, that FNA and Fiat Parent shall be third party beneficiaries with respect to each provision of this Agreement that explicitly designates rights to FNA or Fiat Parent, including but not limited to each provision of this Agreement that relates to the Directors.
Sample 1
Sole Benefit of Members. Except as expressly provided in Section 5.3, Section 5.14. Section 10.6 and ARTICLE VI, the provisions of this Agreement (including Section 4.1) are intended solely to benefit the Members and, to the fullest extent permitted by applicable Law, shall not be construed as conferring any benefit upon any creditor of the Company (and no such creditor shall be a third-party beneficiary of this Agreement), and no Member shall have any duty or obligation to any creditor of the Company to make any contributions or payments to the Company; provided that the HoldCo Residual Value Interest Holders shall be third party beneficiaries with respect to each provision of this Agreement that relates to the Residual Value Interests; provided further that DCNAF shall be a third party beneficiary with respect to each provision of this Agreement that relates to the XX XxxXx
Sample 1
Sole Benefit of Members. Except as expressly provided in Section 2 of Article VII, the provisions of this Agreement are intended solely to benefit the member(s) and, to fullest extent permitted by applicable law, shall not be construed as conferring any benefit upon any creditor of the Company (and no such creditor shall be a third-party beneficiary of this Agreement), and no member shall have any duty or obligation to any creditor of the Company to make any contributions or payments to the Company. The Initial Member has caused its duly authorized representative to execute this Agreement as of the date first written above. a Delaware corporation By: /s/ Xxxxxx X. Xxxxx Name: Xxxxxx X. Xxxxx Title: Vice President and Secretary ILI Acquisition Corp. 000 Xxxx Xxx Xxxx., Xxxxx 000 Xxxxxxx, Xxxxx 00000 100 December 3, 2010 Initial capitalization of the Company
Sample 1

Related to Sole Benefit of Members

  • Sole Benefit of Member Except as expressly provided in Section 17, the provisions of this Agreement (including Section 11) are intended solely to benefit the Member and, to the fullest extent permitted by applicable law, shall not be construed as conferring any benefit upon any creditor of the Company (and no such creditor shall be a third-party beneficiary of this Agreement), and no Member shall have any duty or obligation to any creditor of the Company to make any contributions or payments to the Company.

  • Exclusive Benefit of Parties This Deposit Agreement is for the exclusive benefit of the parties hereto, and their respective successors hereunder, and shall not be deemed to give any legal or equitable right, remedy or claim to any other person whatsoever.

  • Benefit of Parties This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective permitted successors and assigns. Notwithstanding the foregoing, the Company may not assign any of its rights or obligations hereunder without the prior written consent of Investor. Except as otherwise expressly provided in Section 6, nothing herein contained shall confer or is intended to confer on any third party or entity that is not a party to this Agreement any rights under this Agreement.

  • Certification of Limited Liability Company and Limited Partnership Interests Each interest in any limited liability company or limited partnership controlled by any Grantor and pledged hereunder shall be represented by a certificate, shall be a “security” within the meaning of Article 8 of the New York UCC and shall be governed by Article 8 of the New York UCC.

  • Sole Benefit The rights and benefits set forth in this Agreement and the other Loan Documents are for the sole and exclusive benefit of the parties hereto and thereto and may be relied upon only by them.

  • Liability of Members The Members shall not have any liability for the obligations or liabilities of the Company except to the extent provided in the Act.

  • Limited Liability of Members No Member shall be liable for any debts or obligations of the Company beyond the amount of the Capital Contributions made by such Member.

  • Partnership and Limited Liability Company Interests Except as previously disclosed to the Administrative Agent, none of the Collateral consisting of an interest in a partnership or a limited liability company (i) is dealt in or traded on a securities exchange or in a securities market, (ii) by its terms expressly provides that it is a Security governed by Article 8 of the UCC, (iii) is an Investment Company Security, (iv) is held in a Securities Account or (v) constitutes a Security or a Financial Asset.

  • Member's Capital Accounts A Capital Account for the Member shall be maintained by the Company. The Member's Capital Account shall reflect the Member’s capital contributions and increases for any net income or gain of the Company. The Member’s Capital Account shall also reflect decreases for distributions made to the Member and the Member’s share of any losses and deductions of the Company.

  • Certificate of Limited Liability Company Interest A Member’s limited liability company interest may be evidenced by a certificate of limited liability company interest executed by the Manager or an officer in such form as the Manager may approve; provided that such certificate of limited liability company interest shall not bear a legend that causes such limited liability company interest to constitute a security under Article 8 (including Section 8-103) of the Uniform Commercial Code as enacted and in effect in the State of Delaware, or the corresponding statute of any other applicable jurisdiction.