Common use of Benefits of Indenture; Third-Party Beneficiaries Clause in Contracts

Benefits of Indenture; Third-Party Beneficiaries. This Indenture and the Notes are for the benefit of and will be binding on the parties and their permitted successors and assigns. The Secured Parties, each Person with rights to payments or distributions under this Indenture and the holder of the Residual Interest will be third-party beneficiaries of this Indenture and may enforce this Indenture according to its terms. No other Person will have any right or obligation under this Indenture or the Notes.

Appears in 87 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2024-B), Indenture (Ford Credit Auto Lease Trust 2024-B), Indenture (Ford Credit Auto Owner Trust 2024-B)

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Benefits of Indenture; Third-Party Beneficiaries. This Indenture and the Notes are for the benefit of and will be binding on the parties and their permitted successors and assigns. The Secured Parties, each Person with rights to payments or distributions under this Indenture and the holder of the Residual Interest Certificateholders will be third-party beneficiaries of this Indenture and may enforce this Indenture according to its terms. No other Person will have any right or obligation under this Indenture or the Notes.

Appears in 23 contracts

Samples: Transfer and Servicing Agreement (Verizon Owner Trust 2020-C), Transfer and Servicing Agreement (Verizon Owner Trust 2020-A), Transfer and Servicing Agreement (Verizon Owner Trust 2020-B)

Benefits of Indenture; Third-Party Beneficiaries. This Indenture and the Notes are for the benefit of and will be binding on the parties and their permitted successors successor and assigns. The Secured Parties, each Person with rights to payments or distributions under this Indenture and the holder of the Residual Interest will be third-party beneficiaries of this Indenture and may enforce this Indenture according to its terms. No other Person will have any right or obligation under this Indenture or the Notes.

Appears in 4 contracts

Samples: Indenture (Ford Credit Auto Receivables Two LLC), Indenture (Ford Credit Auto Receivables Two LLC), Indenture (Ford Credit Auto Receivables Two LLC)

Benefits of Indenture; Third-Party Beneficiaries. This Indenture and the Notes are for the benefit of and will be binding on the parties and their permitted successors and assigns. The Series [_]-[_] Secured Parties, each Person with rights to payments or distributions under this Indenture and the holder of the Residual Interest Certificateholders will be third-party beneficiaries of this Indenture and may enforce this Indenture according to its terms. No other Person will have any right or obligation under this Indenture or the Notes.

Appears in 3 contracts

Samples: Verizon Master Trust, Verizon Master Trust, Verizon Master Trust

Benefits of Indenture; Third-Party Beneficiaries. This Indenture and the Notes are for the benefit of and will be binding on the parties and their permitted successors and assigns. The Series 2022-1 Secured Parties, each Person with rights to payments or distributions under this Indenture and the holder of the Residual Interest Certificateholders will be third-party beneficiaries of this Indenture and may enforce this Indenture according to its terms. No other Person will have any right or obligation under this Indenture or the Notes.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Benefits of Indenture; Third-Party Beneficiaries. This Indenture and the Notes are for the benefit of and will be binding on the parties and their permitted successors and assigns. The Series 2023-7 Secured Parties, each Person with rights to payments or distributions under this Indenture and the holder of the Residual Interest Certificateholders will be third-party beneficiaries of this Indenture and may enforce this Indenture according to its terms. No other Person will have any right or obligation under this Indenture or the Notes.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Benefits of Indenture; Third-Party Beneficiaries. This Indenture and the Notes are for the benefit of and will be binding on the parties and their permitted successors and assigns. The Series 2024-3 Secured Parties, each Person with rights to payments or distributions under this Indenture and the holder of the Residual Interest Certificateholders will be third-party beneficiaries of this Indenture and may enforce this Indenture according to its terms. No other Person will have any right or obligation under this Indenture or the Notes.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Benefits of Indenture; Third-Party Beneficiaries. This Indenture and the Notes are for the benefit of and will be binding on the parties and their permitted successors and assigns. The Series 2022-3 Secured Parties, each Person with rights to payments or distributions under this Indenture and the holder of the Residual Interest Certificateholders will be third-party beneficiaries of this Indenture and may enforce this Indenture according to its terms. No other Person will have any right or obligation under this Indenture or the Notes.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Benefits of Indenture; Third-Party Beneficiaries. This Indenture and the Notes are for the benefit of and will be binding on the parties and their permitted successors and assigns. The Series 2023-1 Secured Parties, each Person with rights to payments or distributions under this Indenture and the holder of the Residual Interest Certificateholders will be third-party beneficiaries of this Indenture and may enforce this Indenture according to its terms. No other Person will have any right or obligation under this Indenture or the Notes.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Benefits of Indenture; Third-Party Beneficiaries. This Indenture and the Notes are for the benefit of and will be binding on the parties and their permitted successors and assigns. The Series 2021-2 Secured Parties, each Person with rights to payments or distributions under this Indenture and the holder of the Residual Interest Certificateholders will be third-party beneficiaries of this Indenture and may enforce this Indenture according to its terms. No other Person will have any right or obligation under this Indenture or the Notes.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Benefits of Indenture; Third-Party Beneficiaries. This Indenture and the Notes are for the benefit of and will be binding on the parties and their permitted successors and assigns. The Series 2024-1 Secured Parties, each Person with rights to payments or distributions under this Indenture and the holder of the Residual Interest Certificateholders will be third-party beneficiaries of this Indenture and may enforce this Indenture according to its terms. No other Person will have any right or obligation under this Indenture or the Notes.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Benefits of Indenture; Third-Party Beneficiaries. This Indenture and the Notes are for the benefit of and will be binding on the parties and their permitted successors and assigns. The Series 2023-2 Secured Parties, each Person with rights to payments or distributions under this Indenture and the holder of the Residual Interest Certificateholders will be third-party beneficiaries of this Indenture and may enforce this Indenture according to its terms. No other Person will have any right or obligation under this Indenture or the Notes.

Appears in 2 contracts

Samples: Indenture (Verizon Master Trust), Verizon Master Trust

Benefits of Indenture; Third-Party Beneficiaries. This Indenture and the Notes are for the benefit of and will be binding on the parties and their permitted successors and assigns. The Series 2022-4 Secured Parties, each Person with rights to payments or distributions under this Indenture and the holder of the Residual Interest Certificateholders will be third-party beneficiaries of this Indenture and may enforce this Indenture according to its terms. No other Person will have any right or obligation under this Indenture or the Notes.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Benefits of Indenture; Third-Party Beneficiaries. This Indenture and the Notes are for the benefit of and will be binding on the parties and their permitted successors and assigns. The Series 2022-7 Secured Parties, each Person with rights to payments or distributions under this Indenture and the holder of the Residual Interest Certificateholders will be third-party beneficiaries of this Indenture and may enforce this Indenture according to its terms. No other Person will have any right or obligation under this Indenture or the Notes.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Benefits of Indenture; Third-Party Beneficiaries. This Indenture and the Notes are for the benefit of and will be binding on the parties and their permitted successors and assigns. The Series 2021-1 Secured Parties, each Person with rights to payments or distributions under this Indenture and the holder of the Residual Interest Certificateholders will be third-party beneficiaries of this Indenture and may enforce this Indenture according to its terms. No other Person will have any right or obligation under this Indenture or the Notes.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Benefits of Indenture; Third-Party Beneficiaries. This Indenture and the Notes are for the benefit of and will be binding on the parties and their permitted successors and assigns. The Series 2024-4 Secured Parties, each Person with rights to payments or distributions under this Indenture and the holder of the Residual Interest Certificateholders will be third-party beneficiaries of this Indenture and may enforce this Indenture according to its terms. No other Person will have any right or obligation under this Indenture or the Notes.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

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Benefits of Indenture; Third-Party Beneficiaries. This Indenture and the Notes are for the benefit of and will be binding on the parties and their permitted successors and assigns. The Series 2023-4 Secured Parties, each Person with rights to payments or distributions under this Indenture and the holder of the Residual Interest Certificateholders will be third-party beneficiaries of this Indenture and may enforce this Indenture according to its terms. No other Person will have any right or obligation under this Indenture or the Notes.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Benefits of Indenture; Third-Party Beneficiaries. This Indenture and the Notes are for the benefit of and will be binding on the parties and their permitted successors and assigns. The Series 2023-5 Secured Parties, each Person with rights to payments or distributions under this Indenture and the holder of the Residual Interest Certificateholders will be third-party beneficiaries of this Indenture and may enforce this Indenture according to its terms. No other Person will have any right or obligation under this Indenture or the Notes.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Benefits of Indenture; Third-Party Beneficiaries. This Indenture and the Notes are for the benefit of and will be binding on the parties and their permitted successors and assigns. The Series 2022-2 Secured Parties, each Person with rights to payments or distributions under this Indenture and the holder of the Residual Interest Certificateholders will be third-party beneficiaries of this Indenture and may enforce this Indenture according to its terms. No other Person will have any right or obligation under this Indenture or the Notes.

Appears in 2 contracts

Samples: Verizon Master Trust, Verizon Master Trust

Benefits of Indenture; Third-Party Beneficiaries. This Indenture and the Notes are for the benefit of and will be binding on the parties and their permitted successors and assigns. The Series 2023-6 Secured Parties, each Person with rights to payments or distributions under this Indenture and the holder of the Residual Interest Certificateholders will be third-party beneficiaries of this Indenture and may enforce this Indenture according to its terms. No other Person will have any right or obligation under this Indenture or the Notes.

Appears in 1 contract

Samples: Verizon Master Trust

Benefits of Indenture; Third-Party Beneficiaries. This Indenture and the Notes are for the benefit of and will be binding on the parties and their permitted successors and assigns. The Series 2022-6 Secured Parties, each Person with rights to payments or distributions under this Indenture and the holder of the Residual Interest Certificateholders will be third-party beneficiaries of this Indenture and may enforce this Indenture according to its terms. No other Person will have any right or obligation under this Indenture or the Notes.

Appears in 1 contract

Samples: Verizon Master Trust

Benefits of Indenture; Third-Party Beneficiaries. This Indenture and the Notes are for the benefit of and will be binding on the parties and their permitted successors and assigns. The Series 2024-5 Secured Parties, each Person with rights to payments or distributions under this Indenture and the holder of the Residual Interest Certificateholders will be third-party beneficiaries of this Indenture and may enforce this Indenture according to its terms. No other Person will have any right or obligation under this Indenture or the Notes.

Appears in 1 contract

Samples: Verizon Master Trust

Benefits of Indenture; Third-Party Beneficiaries. This Indenture and the Notes are for the benefit of and will be binding on the parties and their permitted successors and assigns. The Series 2022-5 Secured Parties, each Person with rights to payments or distributions under this Indenture and the holder of the Residual Interest Certificateholders will be third-party beneficiaries of this Indenture and may enforce this Indenture according to its terms. No other Person will have any right or obligation under this Indenture or the Notes.

Appears in 1 contract

Samples: Verizon Master Trust

Benefits of Indenture; Third-Party Beneficiaries. This Indenture and the Notes are for the benefit of and will be binding on the parties and their permitted successors and assigns. The Series 2023-3 Secured Parties, each Person with rights to payments or distributions under this Indenture and the holder of the Residual Interest Certificateholders will be third-party beneficiaries of this Indenture and may enforce this Indenture according to its terms. No other Person will have any right or obligation under this Indenture or the Notes.

Appears in 1 contract

Samples: Verizon Master Trust

Benefits of Indenture; Third-Party Beneficiaries. This Indenture and the Notes are for the benefit of and will be binding on the parties and their permitted successors and assigns. The Series 2024-2 Secured Parties, each Person with rights to payments or distributions under this Indenture and the holder of the Residual Interest Certificateholders will be third-party beneficiaries of this Indenture and may enforce this Indenture according to its terms. No other Person will have any right or obligation under this Indenture or the Notes.

Appears in 1 contract

Samples: Verizon Master Trust

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