Common use of Assignments; Reinsurance; Third-Party Rights Clause in Contracts

Assignments; Reinsurance; Third-Party Rights. (a) This Insurance Agreement shall be a continuing obligation of the parties hereto and shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. None of the Servicer, the Indenture Trustee, RBMG, the Sub-Servicer, the Issuer, the Company, Funding Co., First Union or the Depositor may assign its rights under this Insurance Agreement, or delegate any of its duties hereunder, without the prior written consent of the Insurer. Any assignment made in violation of this Insurance Agreement shall be null and void.

Assignments; Reinsurance; Third-Party Rights. (a) This Insurance Agreement shall be a continuing obligation of the parties hereto and shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. None of the Servicer, the Indenture Trustee, RBMGthe Collateral Agent, the SubOwner Trustee, the Back-up Servicer, the IssuerSeller, the CompanyOriginator, Funding Co.the Guarantor, First Union the Special Member or the Depositor Issuer may assign its rights under this Insurance Agreement, or delegate any of its duties hereunder, without the prior written consent of the Insurer. Any assignment made in violation of this Insurance Agreement shall be null and void.

Assignments; Reinsurance; Third-Party Rights. (a) This Insurance Agreement shall be a continuing obligation of the parties hereto and shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. None The Subordination Agent, except as provided in Section 8.1 of the ServicerIntercreditor Agreement, and Continental, except for any transaction expressly permitted by Section 5.02 of the Indenture TrusteeBasic Agreement, RBMG, the Sub-Servicer, the Issuer, the Company, Funding Co., First Union or the Depositor may not assign its their respective rights under this Insurance Agreement, or delegate any of its their duties hereunder, without the prior written consent of the Insurerother parties hereto. Any assignment assignments made in violation of this Insurance Agreement shall be null and void.

Assignments; Reinsurance; Third-Party Rights. (a) This Insurance Agreement shall be a continuing obligation of the parties hereto and shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. None The Subordination Agent, except for any transaction expressly permitted by Section 8.1 of the ServicerIntercreditor Agreement, and, except for any transaction expressly permitted by Section 4.07 of the Indenture TrusteeTrust Indenture, RBMG, the Sub-Servicer, the Issuer, the Company, Funding Co., First Union or the Depositor Continental may not assign its their respective rights under this Insurance Agreement, or delegate any of its their duties hereunder, without the prior written consent of the Insurerother parties hereto. Any assignment assignments made in violation of this Insurance Agreement shall be null and void.