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

Assignments; Third-Party Rights; Reinsurance. This Agreement shall be a continuing obligation of the parties hereto and shall (i) be binding upon the parties and their respective successors and assigns, and (ii) inure to the benefit of and be enforceable by each Issuer Secured Party and the Collateral Agent, and by their respective successors, transferees and assigns. The Issuer may not assign this Agreement, or delegate any of its duties hereunder, without the prior written consent of the Controlling Party.

Appears in 1 contract

Samples: Spread Account Agreement (UPFC Auto Receivables Trust 2004-A)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!