No Right or Interest Clause Samples

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No Right or Interest. The Agent and the Lenders each acknowledge that they have no interest in, and will not assert any interest in, the assets owned by Zipcar Finance (including without limitation any Vehicle or Vehicle Proceeds subject to the Master Zipcar Finance Lease and all rights thereunder) other than, following a transfer of any pledged equity interest of Zipcar Finance to the Agent, in connection with any exercise of remedies pursuant to this Agreement or the other Loan Documents, the right to receive lawful dividends or other distributions when paid by Zipcar Finance from lawful sources pursuant to the Special Purpose Financing Documents and in accordance with the rights of a member of Zipcar Finance under the Limited Liability Company Agreement or under applicable law.” J. Section 11 of the Loan Agreement is hereby amended by deleting the following definitions in their entirety and replacing them with the following:
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No Right or Interest. The Agent and the Lenders each acknowledge that they have no interest in, and will not assert any interest in, the assets owned by Zipcar Finance (including without limitation any Vehicle or Vehicle Proceeds subject to the Master Zipcar Finance Lease and all rights thereunder) other than, following a transfer of any pledged equity interest of Zipcar Finance to the Agent, in connection with any exercise of remedies pursuant to this Agreement or the other Loan Documents, the right to receive lawful dividends or other distributions when paid by Zipcar Finance from lawful sources pursuant to the Special Purpose Financing Documents and in accordance with the rights of a member of Zipcar Finance under the Limited Liability Company Agreement or under applicable law.
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No Right or Interest. Payment by a Licensee or Permittee of Oil, Gas and Salt Resources Charges to the Trust shall not give rise to any right or interest, legal or beneficial, of any nature whatsoever of the Licensee or the Permittee in any of the Trust Assets and for greater certainty it is hereby declared that the Oil, Gas and Salt Resources Charges are paid to the Trustee and held by the Trustee for the benefit of the Crown.
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No Right or Interest. No rights or obligations other than those expressly recited herein are to be implied from this Agreement, including any requirement that requires either Party to enter into any business relationship with the other Party or to contract with the other Party for any purpose. Neither the execution and delivery of this Agreement nor the disclosure of any Confidential Information hereunder shall be construed as granting by implication, estoppel or otherwise, any right in or license under any present or future invention, trade secret, trademark, copyright, or patent now or hereafter owned or controlled by either Party. Nothing in this Agreement shall in any way restrict either Party from disclosing its own Confidential Information to third parties on such terms as it considers appropriate.
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Related to No Right or Interest

  • No Right of Contribution No Seller shall have any right of contribution against the Company with respect to any breach by the Company of any of its representations, warranties, covenants or agreements.

  • No Rights The Hiring Agreement constitutes permission only to use the premises and confers no tenancy or other right of occupation on the Hirer.

  • No Right of Continued Service Nothing in the Plan or this Agreement shall confer upon Participant any right to continued Service with the Company or any Affiliate.

  • No Rights Granted Nothing in this Agreement shall be construed as granting any rights under any patent, copyright or other intellectual property right of the Company, nor shall this Agreement grant Advisor any rights in or to the Company’s Confidential Information, except the limited right to use the Confidential Information in connection with the Services.