Common use of Nature of Undertakings Clause in Contracts

Nature of Undertakings. The undertakings given by you under this letter are given to us and (without implying any fiduciary obligations on our part) are also given for the benefit of SAP AG and each other member of the Group - in the form of a third party agreement (echter berechtigender Vertrag zugunsten Dritter, section 328 of the German Civil Code (Bürgerliches Gesetzbuch)).

Appears in 2 contracts

Samples: Agreement (Saturn Expansion Corp), Credit Facility Agreement (Sap Ag)

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Nature of Undertakings. The undertakings given by you under this letter are given to us and (without implying any fiduciary obligations on our part) are also given for the benefit of SAP AG Aktiengesellschaft and each other member of the Group - in the form of a third party agreement (echter berechtigender Vertrag zugunsten Dritter, section Section 328 of the German Civil Code (Bürgerliches Gesetzbuch)).

Appears in 1 contract

Samples: Agreement (Sap Aktiengesellschaft Systems Applications Products in Data)

Nature of Undertakings. The undertakings given by you under this letter are given to us and (without implying any fiduciary obligations on our part) are also given for the benefit of SAP AG and each other member of the Group - in the 109 form of a third party agreement (echter berechtigender Vertrag zugunsten Dritter, section Section 328 of the German Civil Code (Bürgerliches Gesetzbuch)).

Appears in 1 contract

Samples: Agreement (Sap Aktiengesellschaft Systems Applications Products in Data)

Nature of Undertakings. The undertakings given by you under this letter are given to us and (without implying any fiduciary obligations on our part) are also given for the benefit of SAP AG and each other member of the Group - in the Table of Contents 110 form of a third party agreement (echter berechtigender Vertrag zugunsten Dritter, section Section 328 of the German Civil Code (Bürgerliches Gesetzbuch)).

Appears in 1 contract

Samples: Agreement (Sap France S.A.)

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Nature of Undertakings. The undertakings given by you under this letter are given to us and (without implying any fiduciary obligations on our part) are also given for the benefit of SAP AG and each other member of the Group - in the form of a third party agreement (echter berechtigender Vertrag zugunsten Dritter, section 328 of the German Civil Code (Bürgerliches Gesetzbuch)).

Appears in 1 contract

Samples: Credit Facility Agreement (Sap Ag)

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