Common use of Benefits of Agreement; No Third-Party Rights Clause in Contracts

Benefits of Agreement; No Third-Party Rights. Except for the Purchaser, its successors and assigns as holders of the Notes with respect to the Special Purpose Provisions, (1) none of the provisions of this Agreement shall be for the benefit of or enforceable by any creditor of the Company or by any creditor of the Member or a Special Member, and (2) nothing in this Agreement shall be deemed to create any right in any Person (other than Covered Persons) not a party hereto, and this Agreement shall not be construed in any respect to be a contract in whole or in part for the benefit of any third Person, except as provided in Section 30. The Purchaser, its successors and assigns are intended third-party beneficiaries of this Agreement and may enforce the Special Purpose Provisions.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (NRG Energy, Inc.), Limited Liability Company Agreement (NRG Energy, Inc.)

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Benefits of Agreement; No Third-Party Rights. Except for the PurchaserLender, its successors and or assigns as holders of the Notes Loan with respect to the Special Purpose Provisions, (1) none of the provisions of this Agreement shall be for the benefit of or enforceable by any creditor of the Company or by any creditor of the Member or a Special Member, and (2) nothing in this Agreement shall be deemed to create any right in any Person (other than Covered Persons) not a party hereto, and this Agreement shall not be construed in any respect to be a contract in whole or in part for the benefit of any third Person, except as provided in Section 30. The PurchaserLender, its successors and or assigns are intended third-party beneficiaries of this Agreement and may enforce the Special Purpose Provisions.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Cedar Shopping Centers Inc)

Benefits of Agreement; No Third-Party Rights. Except for the PurchaserLender, its successors and or assigns as holders of the Notes Loan with respect to the Special Purpose Provisions, (1) none of the provisions of this Agreement shall be for the benefit of or enforceable by any creditor of the Company or by any creditor of the Member or a Special Member, and (2) nothing in this Agreement shall be deemed to create any right in any Person (other than Covered Persons) not a party hereto, and this Agreement shall not be construed in any respect to be a contract in whole or in part for the benefit of any third Person, except as provided in Section 308.3. The PurchaserLender, its successors and or assigns are intended third-party beneficiaries of this Agreement the Special Purpose Provisions and may enforce the Special Purpose Provisions.

Appears in 1 contract

Samples: Limited Liability Company Agreement (CBL/Regency I, LLC)

Benefits of Agreement; No Third-Party Rights. Except for the PurchaserHolders, its their successors and or assigns as holders of the Notes with respect to the Special Purpose ProvisionsProvisions (for so long as any Obligation is outstanding), (1) none of the provisions of this Agreement shall be for the benefit of or enforceable by any creditor of the Company or by any creditor of the Member or a Special Member, and (2) nothing in this Agreement shall be deemed to create any right in any Person (other than Covered Persons) not a party hereto, and this Agreement shall not be construed in any respect to be a contract in whole or in part for the benefit of any third PersonPerson (other than Covered Persons), except as provided in Section 3029. The PurchaserSo long as any Obligation is outstanding, its the Holders and their successors and or assigns are intended third-party beneficiaries of this Agreement and may enforce the Special Purpose Provisions.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Capital Trust Inc)

Benefits of Agreement; No Third-Party Rights. Except for the PurchaserLender Agent, its successors and or assigns as holders of the Notes Loan with respect to the Special Purpose Provisions, (1) none of the provisions of this Agreement shall be for the benefit of or enforceable by any creditor of the Company or by any creditor of the Member or a Special Member, and (2) nothing in this Agreement shall be deemed to create any right in any Person (other than Covered Persons) not a party hereto, and this Agreement shall not be construed in any respect to be a contract in whole or in part for the benefit of any third Person, except as provided in Section 30. The PurchaserLender Agent, its successors and or assigns are intended third-party beneficiaries of this Agreement and may enforce the Special Purpose Provisions.,

Appears in 1 contract

Samples: Limited Liability Company Agreement (QualityTech, LP)

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Benefits of Agreement; No Third-Party Rights. Except for the PurchaserLender, its successors and or assigns as holders of the Notes Loan with respect to the Special Purpose Provisions, (1) none of the provisions of this Agreement shall be for the benefit of or enforceable by any creditor of the Company or by any creditor of the Member or a Special Member, and (2) nothing in this Agreement shall be deemed to create any right in any Person (other than Covered Persons) not a party hereto, and this Agreement shall not be construed in any respect to be a contract in whole or in part for the benefit of any third Person, except as provided in Section 308.3. The PurchaserLender, its successors and or assigns are intended third-party beneficiaries of this Agreement and may enforce the Special Purpose Provisions.

Appears in 1 contract

Samples: Limited Liability Company Agreement (CBL & Associates Limited Partnership)

Benefits of Agreement; No Third-Party Rights. Except for the PurchaserLender Agent, its successors and or assigns as holders of the Notes Loan with respect to the Special Purpose Provisions, (1) none of the provisions of this Agreement shall be for the benefit of or enforceable by any creditor of the Company or by any creditor of the Member or a Special Member, and (2) nothing in this Agreement shall be deemed to create any right in any Person (other than Covered Persons) not a party hereto, and this Agreement shall not be construed in any respect to be a contract in whole or in part for the benefit of any third Person, except as provided in Section 30. The PurchaserLender Agent, its successors and or assigns are intended third-party beneficiaries of this Agreement and may enforce the Special Purpose Provisions.

Appears in 1 contract

Samples: Limited Liability Company Agreement (QualityTech, LP)

Benefits of Agreement; No Third-Party Rights. Except for the PurchaserLender, its successors and or assigns as holders of the Notes Loan with respect to the Special Purpose Provisions, (1) none of the provisions of this Agreement shall be for the benefit of or enforceable by any creditor of the Company or by any creditor of the Member or a Special Member, and (2) nothing in this Agreement shall be deemed to create any right in any Person (other than Covered Persons) not a party hereto, and this Agreement shall not be construed in any respect to be a contract in whole or in part for the benefit of any third Person, except as provided in Section 30. The PurchaserLender, its successors and or assigns are intended third-party beneficiaries of this Agreement and may enforce the Special Purpose Provisions.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.)

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