Common use of Third Party Beneficiary Status Clause in Contracts

Third Party Beneficiary Status. Each Indemnified Party that is not a Party is hereby made a third-party beneficiary of the rights under this Article 7 (subject to the procedures, conditions, and obligations of this Article 7) as if such Indemnified Party were an original signatory hereto for such purposes.

Appears in 3 contracts

Sources: Stock Purchase Agreement, Stock Purchase Agreement (SFX Entertainment, INC), Stock Purchase Agreement (SFX Entertainment, INC)