Common use of Successors and Assigns; No Third Party Beneficiary Clause in Contracts

Successors and Assigns; No Third Party Beneficiary. This Agreement and all terms, provisions and conditions hereof shall be binding upon the parties hereto, and shall inure to the benefit of the parties hereto and, except as otherwise provided herein, to their respective heirs, executors, personal representatives, successors and assigns. This Agreement is intended solely for the benefit of the parties hereto and, except as expressly provided to the contrary in this Agreement, is not intended to confer any benefits upon, or create any rights in favor of, any person other than the parties hereto, including, without limitation, of any creditor or other Person to whom any debts, liabilities or obligations are owed by (or who otherwise has any claim against) any party hereto.

Appears in 4 contracts

Samples: Stockholder Rights Agreement (Terra Secured Income Fund 5, LLC), Stockholder Rights Agreement (Terra Property Trust, Inc.), Voting Agreement (Terra Property Trust, Inc.)

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Successors and Assigns; No Third Party Beneficiary. This Agreement and all terms, provisions and conditions hereof shall be binding upon the parties hereto, and shall inure to the benefit of the parties hereto and, except as otherwise provided herein, to their respective heirs, executors, personal representatives, successors and permitted assigns. This Agreement is intended solely for the benefit of the parties hereto and, except as expressly provided to the contrary in this AgreementAgreement (including those provisions which are for the benefit of the Indemnitees), is not intended to confer any benefits upon, or create any rights in favor of, any person other than the parties hereto, including, without limitation, of any creditor or other Person (other than a Member in such Member's capacity as such) to whom any debts, liabilities or obligations are owed by (or who otherwise has any claim against) the REIT Subsidiary or any party heretoof the Members.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Terra Secured Income Fund 5, LLC)

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