Common use of No Third Party Reliance Clause in Contracts

No Third Party Reliance. Anything contained herein to the contrary notwithstanding, the covenants of the Company contained in this Agreement (a) are being given by the Company as an inducement to the Participant to enter into this Agreement (and the Company acknowledges that the Participant has expressly relied thereon) and (b) are solely for the benefit of the Participant. This Agreement is for the sole benefit of the parties hereto and their permitted assigns and nothing herein expressed or implied shall give or be construed to give to any person, other than the parties hereto and such assigns, any legal or equitable rights hereunder, except that the provisions of Section 2.2(d) shall inure to the benefit of the persons referred to in such section.

Appears in 9 contracts

Samples: Form of Shareholders Agreement (Santander Consumer USA Holdings Inc.), Shareholders Agreement (Santander Consumer USA Holdings Inc.), Shareholders Agreement (Santander Consumer USA Holdings Inc.)

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No Third Party Reliance. Anything contained herein to the contrary notwithstanding, the covenants of the Company contained in this Agreement (a) are being given by the Company as an inducement to the Participant Shareholders to enter into this Agreement (and the Company acknowledges that the Participant has Shareholders have expressly relied thereon) and (b) are solely for the benefit of the ParticipantShareholders. This Agreement is for the sole benefit of the parties hereto and their permitted assigns and nothing herein expressed or implied shall give or be construed to give to any person, other than the parties hereto and such assigns, any legal or equitable rights hereunder, except that (i) the provisions of Section 2.2(d) Article VI shall inure to the benefit of the persons referred to in such sectionthat Article and (ii) the provisions of Section 2.1(e) shall inure solely to the benefit of Sponsor Holdings and not to any of the other parties hereto.

Appears in 2 contracts

Samples: Shareholders Agreement (Santander Consumer USA Holdings Inc.), Shareholders Agreement (Santander Holdings USA, Inc.)

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No Third Party Reliance. Anything contained herein to the contrary notwithstanding, the covenants of the Company contained in this Agreement (a) are being given by the Company as an inducement to the Participant Shareholders to enter into this Agreement (and the Company acknowledges that the Participant has Shareholders have expressly relied thereon) and (b) are solely for the benefit of the ParticipantShareholders. This Agreement is for the sole benefit of the parties hereto and their permitted assigns and nothing herein expressed or implied shall give or be construed to give to any person, other than the parties hereto and such assigns, any legal or equitable rights hereunder, except that (i) the provisions of Section 2.2(d) Article VIII shall inure to the benefit of the persons referred to in such sectionthat Article and (ii) the penultimate sentence of Section 6.12(e) shall inure to the benefit of the Lender.

Appears in 1 contract

Samples: Shareholders Agreement (Santander Holdings USA, Inc.)

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