Agreement for Benefit of Parties Hereto Sample Clauses
The "Agreement for Benefit of Parties Hereto" clause establishes that the rights and obligations set forth in the contract are intended solely for the benefit of the parties who have signed the agreement. In practice, this means that third parties who are not signatories to the contract cannot claim any rights or enforce any provisions under it. This clause is commonly used to prevent unintended beneficiaries from asserting claims, thereby ensuring that only the contracting parties are bound by and can benefit from the agreement's terms.
Agreement for Benefit of Parties Hereto. Nothing in this Agreement, express or implied, is intended or shall be construed to confer upon, or to give to, any person other than the parties hereto and their respective successors and assigns, any right, remedy or claim under or by reason of this Agreement or any covenant, condition or stipulation hereof; and the covenants, stipulations, and agreements contained in this Agreement are and shall be for the sole and exclusive benefit of the parties hereto and their respective successors and assigns.
Agreement for Benefit of Parties Hereto. Nothing in this Guaranty, express or implied, is intended or shall be construed to confer upon, or to give to, any person other than the parties hereto and their respective successors and assigns, any right, remedy or claim under or by reason of this Guaranty or any covenant, condition or stipulation hereof; and the covenants, stipulations and agreements contained in this Guaranty are and shall be for the sole and exclusive benefit of the parties hereto and their respective successors and assigns. The Guarantor acknowledges that certain of the rights of the Owner Lessor hereunder have been or shall be assigned to and may be enforced by the Indenture Trustee pursuant to the terms of the Collateral Trust Indenture (excluding, among other things, rights to Excepted Payments), the Guarantor hereby consents to such assignment and the Guarantor agrees to render performance of such assigned obligations directly to the Indenture Trustee (as assignee of the Owner Lessor). The Guarantor agrees to make all payments which have been so assigned owing to the Owner Lessor under this Guaranty directly to the account of the Indenture Trustee to be specified to the Guarantor in writing, or to such other account specified in writing from time to time by the Indenture Trustee.
Agreement for Benefit of Parties Hereto. Except for the Secured Parties and their respective successors and permitted assigns, nothing in this Agreement, express or implied, is intended or shall be construed to confer upon, or to give to, any Person other than the parties hereto and their respective successors and permitted assigns, and Persons for whom the parties hereto are acting as agents or representatives, any right, remedy or claim under or by reason of this Agreement or any covenant, condition or stipulation in this Agreement; and the covenants, stipulations and agreements contained in this Agreement are and shall be for the sole and exclusive benefit of the parties hereto and their respective successors and permitted assigns and Persons for whom the parties hereto are acting as agents or representatives.
Agreement for Benefit of Parties Hereto. Nothing in this Agreement, express or implied, is intended or shall be construed to confer upon, or to give to, any Person other than the parties hereto and their respective successors and assigns and Persons for whom the parties hereto are acting as agents or representatives, any right, remedy or claim under or by reason of this Agreement or any covenant, condition or stipulation hereof; and the covenants, stipulations and agreements contained in this Agreement are and shall be for the sole and exclusive benefit of the parties hereto and their respective successors and assigns and Persons, if any, for whom the parties hereto are acting as agents or representatives.
Agreement for Benefit of Parties Hereto. This Agreement --------- --------------------------------------- is for the sole and exclusive benefit of the parties hereto and their respective legal and beneficial successors and assigns, and nothing in this Agreement, expressed or implied, is intended to, or shall be construed to, confer upon or to give to, any person other than the parties hereto and their respective successors and assigns, and other than the agent and lenders providing financing pursuant to the Loan Instruments for the construction and operation of the Project, any right, remedy or claim.
Agreement for Benefit of Parties Hereto. Nothing in this Deed of Trust, express or implied, is intended or shall be construed to confer upon, or to give to, any Person other than the parties hereto and the other Secured Parties bound hereby and their respective successors and assigns, any right, remedy or claim under or by reason of this Deed of Trust or any covenant, condition or stipulation hereof and the covenants, stipulations and agreements contained in this Deed of Trust are and shall be for the sole and exclusive benefit of the parties hereto and their respective successors and assigns.
Agreement for Benefit of Parties Hereto. Nothing in this Agreement, express or implied, is intended to give to any person other than the parties hereto and the holder of the Note, any right, remedy or claim under or by reason of this Agreement other than the Bank (and this Agreement shall inure to the benefit of the Bank).
Agreement for Benefit of Parties Hereto. 28 Section 9.02