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

Benefits of Agreement; No Third-Party Rights. The provisions of this Section 25 shall apply notwithstanding any provision of this Agreement to the contrary. 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 any Member. Nothing in this Agreement shall be deemed to create any right in any Person (other than Covered Persons and Indemnified 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 19, Section 20 and Section 28).

Appears in 3 contracts

Samples: Management Agreement (Oncor Electric Delivery Co LLC), Limited Liability Company Agreement, Limited Liability Company Agreement

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Benefits of Agreement; No Third-Party Rights. The provisions of this Section 25 shall apply notwithstanding any provision of this Agreement to the contrary. 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 any Member. Nothing in this Agreement shall be deemed to create any right in any Person (other than Covered Persons and Indemnified 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 1920, Section 20 21 and Section 2829).

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Oncor Electric Delivery Co LLC), Addendum Agreement (Oncor Electric Delivery Co LLC)

Benefits of Agreement; No Third-Party Rights. The provisions of this Section 25 shall apply notwithstanding any provision of this Agreement to the contrary. 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 any the Member or a Special Member. Nothing in this Agreement shall be deemed to create any right in any Person (other than Covered Persons and Indemnified 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 19, Section 20 and Section 2830).

Appears in 1 contract

Samples: Limited Liability Company Agreement (Energy Future Holdings Corp /TX/)

Benefits of Agreement; No Third-Party Rights. The provisions of this Section 25 shall apply notwithstanding any provision of this Agreement to the contrary. 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 any the Member. Nothing in this Agreement shall be deemed to create any right in any Person (other than Covered Persons and Indemnified 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 19, Section 20 and Section 2830).

Appears in 1 contract

Samples: Limited Liability Company Agreement (Oncor Electric Delivery Co LLC)

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Benefits of Agreement; No Third-Party Rights. The provisions of this Section 25 shall apply notwithstanding any provision of this Agreement to the contrary. 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 any the Member or a Special Member. Nothing in this Agreement shall be deemed to create any right in any Person (other than Covered Persons and Indemnified 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 1920, Section 20 21 and Section 2830).

Appears in 1 contract

Samples: Limited Liability Company Agreement (Energy Future Holdings Corp /TX/)

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