Common use of Not for Benefit of Creditors Clause in Contracts

Not for Benefit of Creditors. The provisions of this Agreement are intended only for the regulation of relations among Members and the Company. The Agreement is not intended for the benefit of a creditor who is not a Member and does not grant any rights to or confer any benefits on any creditor who is not a Member or any other person who is not a Member, a Manager or an officer. ARTICLE 12 INVESTMENT REPRESENTATIONS 12.1.

Appears in 1 contract

Sources: Operating Agreement (Slingshot USA LLC)

Not for Benefit of Creditors. The provisions of this Agreement are intended only for the regulation of relations among Members and the Company. The This Agreement is not intended for the benefit of a any creditor who is not a Member and does not grant any rights to or confer any benefits on any creditor who is not a Member or any other person Person who is not a Member, a Manager or an officer. ARTICLE 12 INVESTMENT REPRESENTATIONS 12.1.

Appears in 1 contract

Sources: Operating Agreement

Not for Benefit of Creditors. The provisions of this the Agreement are intended only for the regulation of relations among Members and the Company. The Agreement is not intended for the benefit of a creditor who is not a Member and does not grant any rights to or confer any benefits on any 57 59 creditor who is not a Member or any other person who is not a Member, a Manager Manager, or an officer. ARTICLE 12 INVESTMENT REPRESENTATIONS 12.1Officer.

Appears in 1 contract

Sources: Operating Agreement (American Shared Hospital Services)