Interests of Other Sample Clauses

The "Interests of Other" clause defines how the interests or rights of third parties, aside from the main contracting parties, are addressed within the agreement. Typically, this clause clarifies whether any benefits, obligations, or enforceable rights are extended to individuals or entities not directly involved in the contract. For example, it may state that only the named parties have rights under the contract, thereby excluding third parties from making claims. The core function of this clause is to prevent unintended third-party beneficiaries from asserting rights or claims, ensuring that only the parties to the contract are bound by and can enforce its terms.
Interests of Other. Parties If we are advised of any party having a financial interest over your insured property, we may pay part or all of any valid claim proceeds to that party to the extent of their interest. This will form part of our obligations to you under this policy. You consent to us transferring your relevant personal information to that party. Any party, who is recorded as having a financial interest under this policy, is not covered by this policy and does not have rights to claim under this policy.
View SourceView Similar (4)
Interests of Other. Parties If we are advised of any party having a financial interest over your insured property, we may pay part or all of any valid claim proceeds to that party to the extent of their interest. This will form part of our obligations to you under this policy. CHUBB - Steadfast Material Damage Wording – (6.2016) You consent to us transferring your relevant personal information to that party. Any party, who is recorded as having a financial interest under this policy, is not covered by this policy and does not have rights to claim under this policy.
View SourceView Similar (2)
Interests of Other parties If we know of anyone who has a financial interest over an insured vehicle we can pay them part or all of any claim proceeds. This payment goes towards meeting our obligations under the policy. However, anyone recorded as having a financial interest under this policy is not covered by it and has no right to make a claim. We are also authorised by the insured to disclose personal information about the insured to anyone who holds a financial interest in an insured vehicle.
View Source

Related to Interests of Other

  • Lands of Other Property Owners If any part of the Connecting Transmission Owner’s Attachment Facilities and/or System Upgrade Facilities and/or System Deliverability Upgrades is to be installed on property owned by persons other than Developer or Connecting Transmission Owner, the Connecting Transmission Owner shall at Developer’s expense use efforts, similar in nature and extent to those that it typically undertakes for its own or affiliated generation, including use of its eminent domain authority, and to the extent consistent with state law, to procure from such persons any rights of use, licenses, rights of way and easements that are necessary to construct, operate, maintain, test, inspect, replace or remove the Connecting Transmission Owner’s Attachment Facilities and/or System Upgrade Facilities and/or System Deliverability Upgrades upon such property.

  • Conflicting Interests of Trustee If the Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Indenture.

  • Rights of Others I understand that the Company is now and may hereafter be subject to non-disclosure or confidentiality agreements with third persons which require the Company to protect or refrain from use of proprietary information. I agree to be bound by the terms of such agreements in the event I have access to such proprietary information.

  • Ownership Interests The ownership interest of each member of the Company will be expressed in terms of a percentage that is set out in Exhibit A, attached and made part of this Agreement. The total ownership interests of all members will always equal one-hundred percent (100%). The existing members will determine the ownership interest of any new members prior to admission to the Company.

  • Permissible Interests Subject to and in accordance with the charters of the Fund and the Manager, respectively, directors, officers, and shareholders of the Fund are or may be interested in the Manager (or any successor thereof) as directors, officers, or shareholders, or otherwise; directors, officers, agents, and shareholders of the Manager are or may be interested in the Fund as directors, officers, shareholders, or otherwise; and the Manager (or any successor) is or may be interested in the Fund as a shareholder or otherwise, and the effect of any such interrelationships shall be governed by said charters and the provisions of the Investment Company Act of 1940, as amended (the “1940 Act”).