Benefit to Parties Clause Samples

The 'Benefit to Parties' clause defines that the rights, obligations, and advantages outlined in the agreement are intended solely for the parties who have signed the contract. In practice, this means that third parties, such as affiliates, employees, or unrelated entities, cannot claim any benefit or enforce any provision of the agreement unless explicitly stated otherwise. This clause serves to clarify the scope of the contract, ensuring that only the intended parties are bound by and can benefit from its terms, thereby preventing unintended third-party claims or liabilities.
Benefit to Parties. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. Except as provided in Article 19 with respect to indemnification, this Agreement is intended solely for the benefit of Calavo and Limco and their respective permitted successors and assigns and it is not the intention of the parties to confer third-party beneficiary rights upon any other person.
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Benefit to Parties. Nothing contained in this Agreement will be construed to give any rights or 11 benefits to any person other than the Parties, and all duties and responsibilities undertaken pursuant to 12 this Agreement will be for the sole and exclusive benefit of the Parties and not for the benefit of any 13 other person.
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Benefit to Parties. The Parties acknowledge that use of the ▇▇▇▇ by either Party shall inure to the legal benefit of both Parties in accordance with their share of ownership set forth in Article II above.
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Related to Benefit to Parties

  • Synopsis and Benefit to ▇▇▇▇▇▇▇ County ▇▇▇▇▇▇▇ County has been working with the State of Oregon, Department of Corrections, for several years to provide correctional services for the supervision of cases resulting from Senate Bill 1145. ▇▇▇▇▇▇▇ County is assigned responsibility for all justice-involved individuals on probation, parole, post-prison supervision, and those justice-involved individuals sentenced or revoked for periods of one year or less, and who are on conditional release to the County. The State reimburses the County for expenses associated with housing and supervision of these individuals through Community Corrections Act funding, provided through this Agreement.

  • Benefit to Guarantors The Borrower and the Guarantors are engaged in related businesses and integrated to such an extent that the financial strength and flexibility of the Borrower has a direct impact on the success of each Guarantor. Each Guarantor will derive substantial direct and indirect benefit from the extensions of credit hereunder.

  • ’ Compensation and Employer’s Liability Workers’ Compensation limits as required by the Labor Code of the State of California. Employer’s Liability limits of $1,000,000 per accident for bodily injury or disease.

  • Benefit to Guarantor Guarantor's guaranty pursuant to this Guaranty Agreement reasonably may be expected to benefit, directly or indirectly, Guarantor.

  • Benefit of Parties This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective permitted successors and assigns. Notwithstanding the foregoing, the Company may not assign any of its rights or obligations hereunder without the prior written consent of Investor. Except as otherwise expressly provided in Section 6, nothing herein contained shall confer or is intended to confer on any third party or entity that is not a party to this Agreement any rights under this Agreement.