Common use of Non-Recourse Parties Clause in Contracts

Non-Recourse Parties. This Agreement may only be enforced against the named parties hereto (subject to the terms, conditions and other limitations set forth herein). Following the Closing, (a) all claims or causes of action that may be based upon, arise out of, or relate to, this Agreement, or the negotiation, execution or performance of this Agreement, may be made only against the Persons that are expressly identified as parties hereto, and (b) except as expressly provided hereunder, no Person who is not a named party to this Agreement, including any director, officer, manager, employee, incorporator, organizer, member, partner, stockholder, Affiliate, agent, attorney or Representative of any named party to this Agreement, including any person negotiating or executing this Agreement on behalf of a party hereto (each, a “Non-Recourse Party”) shall have any liability or obligation with respect to this Agreement or any Ancillary Agreement or with respect to any claim or cause of action that may arise out of, or relate to, this Agreement or any Ancillary Agreement, or the negotiation, execution or performance of this Agreement or any Ancillary Agreement. Each Non-Recourse Party is expressly intended as a third party beneficiary of this provision of this Agreement.

Appears in 1 contract

Sources: Purchase Agreement (Jason Industries, Inc.)

Non-Recourse Parties. This Without limitation to the Equity Commitment Letter or the Limited Guaranty, this Agreement may only be enforced against the named parties hereto (subject to the terms, conditions and other limitations set forth herein). Following the Closing, (a) all claims or causes of action that may be based upon, arise out of, or relate to, this Agreement, or the negotiation, execution or performance of this Agreement, may be made only against the Persons that are expressly identified as parties hereto, and (b) except as expressly provided hereunder, no Person who is not a named party to this Agreement, including any director, officer, manager, employee, incorporator, organizer, member, partner, stockholder, Affiliate, agent, attorney or Representative of any named party to this Agreement, including any person negotiating or executing this Agreement on behalf of a party hereto (each, a “Non-Recourse Party”) shall have any liability or obligation with respect to this Agreement or any Ancillary Agreement or with respect to any claim or cause of action that may arise out of, or relate to, this Agreement or any Ancillary Agreement, or the negotiation, execution or performance of this Agreement or any Ancillary Agreement. Each Non-Recourse Party is expressly intended as a third party beneficiary of this provision of this Agreement.

Appears in 1 contract

Sources: Purchase Agreement (Jason Industries, Inc.)

Non-Recourse Parties. This Agreement may only be enforced against the named parties hereto Parties and their respective successors and assigns (subject to the terms, conditions and other limitations set forth herein). Following the Closing, (a) all claims or causes of action Actions that may be based upon, arise out of, of or relate to, to this Agreement, or the negotiation, execution or performance of this Agreement, Agreement may be made only against the Persons that are expressly identified as parties hereto, hereto and their successors and assigns and (b) except as expressly provided hereunder, no Person who is not a named party to this AgreementAgreement including, including without limitation, any director, officer, manager, employee, incorporator, organizer, member, partner, stockholder, Affiliate, agent, attorney or Representative representative of any named party Party to this Agreement, including any person Person negotiating or executing this Agreement on behalf of a party hereto Party (each, a “Non-Recourse Party”) shall have any liability or obligation with respect to this Agreement or any Ancillary Agreement or with respect to any claim or cause of action that may arise out of, of or relate to, to this Agreement or any Ancillary Agreement, or the negotiation, execution or performance of this Agreement or any Ancillary Agreement. Each Non-Recourse Party is expressly intended as a third third- party beneficiary of this provision of this Agreement.

Appears in 1 contract

Sources: Business Combination Agreement (Harvest Health & Recreation Inc.)

Non-Recourse Parties. This Agreement may only be enforced against the named parties hereto and their respective successors and assigns (subject to the terms, conditions and other limitations set forth herein). Following the Closing, (a) all claims or causes of action Actions that may be based upon, arise out of, of or relate to, to this Agreement, or the negotiation, execution or performance of this Agreement, Agreement may be made only against the Persons that are expressly identified as parties hereto, hereto and their successors and assigns and (b) except as expressly provided hereunder, no Person who is not a named party to this AgreementAgreement including, including without limitation, any director, officer, manager, employee, incorporator, organizer, member, partner, stockholder, Affiliate, agent, attorney or Representative representative of any named party to this Agreement, including any person Person negotiating or executing this Agreement on behalf of a party hereto (each, a “Non-Recourse Party”) shall have any liability or obligation with respect to this Agreement or any Ancillary Agreement or with respect to any claim or cause of action that may arise out of, of or relate to, to this Agreement or any Ancillary Agreement, or the negotiation, execution or performance of this Agreement or any Ancillary Agreement. Each Non-Recourse Party is expressly intended as a third third-party beneficiary of this provision of this Agreement.

Appears in 1 contract

Sources: Business Combination Agreement