Common use of Sole Benefit of Members Clause in Contracts

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.

Appears in 2 contracts

Samples: Contribution Agreement (Goosehead Insurance, Inc.), Contribution Agreement (Goosehead Insurance, Inc.)

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Sole Benefit of Members. The Except as expressly provided in this Agreement, the provisions of this Agreement are intended solely to benefit the Members and, to the fullest extent permitted by applicable Lawlaw, 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 no Member shall have no any duty or obligation to any creditor of the Company to make any contributions or payments to the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (A-Mark Precious Metals, Inc.)

Sole Benefit of Members. The provisions of this Agreement (including Section 3.2) are intended solely to benefit the Members (and, with respect to Article VIII, the Covered Persons) and, to the fullest extent permitted by applicable Lawlaw, 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 no Members shall have no any duty or obligation to any creditor of the Company to make any contributions or payments to the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Talos Resources LLC)

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Sole Benefit of Members. The Except as expressly provided in Section 5.3, Section 5.11, Section 5.14 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). Notwithstanding anything to the contrary in this Agreement or otherwise, and the Members no Member shall have no any duty or obligation to any creditor of the Company to make any contributions or payments to the Company.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement

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