Common use of Third Party Beneficiaries; Enforceability Clause in Contracts

Third Party Beneficiaries; Enforceability. (a) This letter agreement shall inure to the benefit of and be binding upon Holdco and Xx. Xxx and nothing in this letter agreement, express or implied, is intended to, nor does it, confer upon any person (other than Holdco and Xx. Xxx) any rights or remedies under, or by reason of, or any rights (i) to enforce the Equity Commitment or any provisions of this letter agreement or (ii) to confer upon any person any rights or remedies against any person other than Xx. Xxx under or by reason of, this letter agreement; provided, that the Company is an express third party beneficiary hereof and shall have the enforcement rights provided in this Section 7 of this letter agreement and no others.

Third Party Beneficiaries; Enforceability. (a) This letter agreement shall inure to the benefit of and be binding upon Holdco and Xx. Xxx the Investor and nothing in this letter agreement, express or implied, is intended to, nor does it, confer upon any person (other than Holdco and Xx. Xxxthe Investor) any rights or remedies under, or by reason of, or any rights (i) to enforce the Equity Commitment or any provisions of this letter agreement or (ii) to confer upon any person any rights or remedies against any person other than Xx. Xxx the Investor under or by reason of, this letter agreement; provided, that the Company is an express third party beneficiary hereof and shall have the enforcement rights provided in this Section 7 of this letter agreement and no others.