Common use of Binding Effect; Benefit of Agreement Clause in Contracts

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower, the Collateral Manager, the Administrative Agent, the Collateral Custodian, the Secured Parties and their respective successors and permitted assigns. Each Affected Party and each Indemnified Party shall be an express third party beneficiary of this Agreement.

Appears in 8 contracts

Samples: Loan and Security Agreement (New Mountain Finance Corp), Loan and Security Agreement (New Mountain Finance Corp), Loan and Security Agreement (New Mountain Finance Corp)

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Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower, the Equityholder, the Collateral Manager, the Administrative Agent, the Collateral Custodian, the Secured Parties and their respective successors and permitted assigns. Each Affected Party and each Indemnified Party shall be an express third party beneficiary of this Agreement.

Appears in 8 contracts

Samples: Loan and Security Agreement (New Mountain Guardian III BDC, L.L.C.), Loan and Security Agreement (New Mountain Guardian III BDC, L.L.C.), Loan and Security Agreement (New Mountain Guardian III BDC, L.L.C.)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower, the Collateral ManagerLoan Parties, the Administrative Agent, the Collateral Custodian, the Document Custodian, the Secured Parties and their respective successors and permitted assigns. Each Affected Indemnified Party and each Indemnified Party shall be an express third party beneficiary of this Agreement.

Appears in 6 contracts

Samples: Loan and Security Agreement (Cim Real Estate Finance Trust, Inc.), Loan, Security and Investment Management Agreement (Investcorp US Institutional Private Credit Fund), Loan and Security Agreement (Cim Real Estate Finance Trust, Inc.)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower, the Collateral ManagerLoan Parties, the Administrative Agent, the Collateral Custodian, the Secured Parties and their respective successors and permitted assigns. Each Affected Indemnified Party and each Indemnified Party shall be an express third party beneficiary of this Agreement.

Appears in 6 contracts

Samples: Loan, Security and Collateral Management Agreement (AG Twin Brook Capital Income Fund), Loan, Security and Investment Management Agreement (Investcorp Credit Management BDC, Inc.), Loan, Security and Collateral Management Agreement (AGTB Private BDC)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower, the Collateral ManagerFS/KKR Parties, the Administrative Agent, the Collateral Custodian, the Collateral Administrator, the Secured Parties and their respective successors and permitted assigns. Each Affected Indemnified Party and each Indemnified Party shall be an express third party beneficiary of this Agreement.

Appears in 4 contracts

Samples: Loan and Security Agreement (KKR FS Income Trust), Loan and Security Agreement (KKR FS Income Trust), Loan and Security Agreement (FS KKR Capital Corp)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower, the Collateral Manager, the Administrative Agent, the Collateral Custodian, the Secured Parties parties hereto and their respective successors and permitted assigns. Each Affected Party and each Indemnified Party Except as otherwise expressly provided herein, no third party (other than the Trustee on behalf of the Secured Parties) shall be an express a third party beneficiary of this Agreementhereof.

Appears in 4 contracts

Samples: Loan Sale and Contribution Agreement (Monroe Capital Income Plus Corp), Loan Sale and Contribution Agreement (Monroe Capital Income Plus Corp), Loan Sale and Contribution Agreement (AB Private Credit Investors Corp)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower, the Collateral Manager, the Administrative Agent, the Collateral Custodian, the Secured Parties parties hereto and their respective successors and permitted assigns. Each Affected Party The Collateral Agent, the Administrative Agent, the Lenders and each Indemnified Party the other Secured Parties shall be an express third third-party beneficiary beneficiaries of this Agreement.

Appears in 3 contracts

Samples: Sale, Contribution and Master Participation Agreement (Oxford Square Capital Corp.), Sale, Contribution and Master Participation Agreement (Oxford Square Capital Corp.), Sale, Contribution and Master Participation Agreement (TICC Capital Corp.)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower, the Equityholder, the Collateral Manager, the Administrative Agent, the Collateral Agent, the Document Custodian, the Secured Parties and their respective successors and permitted assigns. Each Affected Party and each Indemnified Party shall be an express third party beneficiary of this Agreement.

Appears in 3 contracts

Samples: Loan and Security Agreement (New Mountain Guardian IV BDC, L.L.C.), Loan and Security Agreement (New Mountain Guardian IV BDC, L.L.C.), Loan and Security Agreement (New Mountain Guardian IV BDC, L.L.C.)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower, the Collateral Manager, the Administrative Agent, the Collateral Custodian, the Secured Parties parties hereto and their respective successors and permitted assigns. Each Affected Party The Secured Parties, the Collateral Custodian, the Backup Servicer and each Indemnified Party any Successor Servicer shall be an express third third-party beneficiary beneficiaries of this Agreement to the extent any such party has been assigned rights under this Agreement.

Appears in 3 contracts

Samples: Purchase Agreement (CLST Holdings, Inc.), Purchase Agreement (CLST Holdings, Inc.), Purchase Agreement (CLST Holdings, Inc.)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower, the Collateral ManagerServicer, the Administrative Agent, the Collateral CustodianPurchaser Agents, the Backup Servicer, the Trustee, the Secured Parties and their respective successors and permitted assigns. Each Hedge Counterparty, each Affected Party and each Indemnified Party shall be an express third party beneficiary of this Agreement.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Ares Capital Corp), Sale and Servicing Agreement (Ares Capital Corp)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower, the Collateral Manager, the Administrative Agent, the Collateral Custodian, the Secured Parties parties hereto and their respective successors and permitted assigns. Each Affected Party The Administrative Agent, the Lenders and each Indemnified Party the other Secured Parties shall be an express third third-party beneficiary beneficiaries of this Agreement.

Appears in 2 contracts

Samples: Sale and Contribution Agreement (Investcorp Credit Management BDC, Inc.), Sale and Contribution Agreement (First Eagle Credit Opportunities Fund)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower, the Collateral Manager, the Equityholder, the Administrative Agent, the Collateral CustodianAgent, the Secured Parties and their respective successors and permitted assigns. Each Affected Party and each Indemnified Party shall be an express third third-party beneficiary of this AgreementAgreement to the extent set forth herein.

Appears in 2 contracts

Samples: Loan and Security Agreement (Stepstone Private Credit Fund LLC), Loan and Security Agreement (Stepstone Private Credit Fund LLC)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower, the Collateral Manager, the Administrative Agent, the Collateral Custodian, the Secured Parties and their respective successors and permitted assigns. Each Affected Party and each Indemnified Party shall be an express third party beneficiary of this Agreement.

Appears in 2 contracts

Samples: Loan and Servicing Agreement (Franklin BSP Lending Corp), Loan and Servicing Agreement (Business Development Corp of America)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower, the Collateral ManagerServicer, the Administrative Agent, the Lender Agents, the Collateral Agent, the Collateral Custodian, the Secured Parties and their respective successors and permitted assigns. Each Affected Party and each Indemnified Party shall be an express third party beneficiary of this Agreement.

Appears in 2 contracts

Samples: Loan and Servicing Agreement (North Haven Private Income Fund LLC), Loan and Servicing Agreement (North Haven Private Income Fund LLC)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower, the Collateral ManagerServicer, the Administrative Agent, the Collateral CustodianTrustee, the Secured Parties and their respective successors and permitted assigns. Each Affected Party and each Indemnified Party shall be an express third party beneficiary of this Agreement.

Appears in 2 contracts

Samples: Loan and Servicing Agreement (NewStar Financial, Inc.), Loan and Servicing Agreement (NewStar Financial, Inc.)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower, the Collateral Manager, the Administrative Agent, the Collateral Custodian, the Secured Parties Lender and their respective successors and permitted assigns. Each Affected Indemnified Party and each Indemnified Party shall be an express third party beneficiary of this Agreement.

Appears in 2 contracts

Samples: Loan Agreement (IMH Financial Corp), Loan Agreement (IMH Financial Corp)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the BorrowerSeller, the Collateral ManagerServicer, the Administrative Agent, the Collateral CustodianPurchaser Agents, the Backup Servicer, the Trustee, the Secured Parties and their respective successors and permitted assigns. Each Hedge Counterparty, each Affected Party and each Indemnified Party shall be an express third party beneficiary of this Agreement.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (MCG Capital Corp), Sale and Servicing Agreement (MCG Capital Corp)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower, each other Loan Party, the Collateral ManagerServicer, the Equityholder, the Administrative Agent, the Collateral CustodianAgent, the Secured Parties and their respective successors and permitted assigns. Each Affected Party and each Indemnified Party shall be an express third third-party beneficiary of this AgreementAgreement to the extent set forth herein.

Appears in 2 contracts

Samples: Loan and Security Agreement (Blue Owl Credit Income Corp.), Loan and Security Agreement (Owl Rock Core Income Corp.)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower, the Collateral ManagerLoan Parties, the Administrative Agent, the Collateral Custodian, the Document Agent, the Secured Parties and their respective successors and permitted assigns. Each Affected Indemnified Party and each Indemnified Party shall be an express third party beneficiary of this Agreement.

Appears in 2 contracts

Samples: Loan, Security and Collateral Management Agreement (Phillip Street Middle Market Lending Fund LLC), Loan, Security and Collateral Management Agreement (Phillip Street Middle Market Lending Fund LLC)

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Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the BorrowerBorrowers, the Collateral ManagerServicer, the Administrative Agent, the Purchaser Agents, the Backup Servicer, the Collateral Custodian, the Secured Parties and their respective successors and permitted assigns. Each Hedge Counterparty, each Affected Party and each Indemnified Party shall be an express third party beneficiary of this Agreement.

Appears in 1 contract

Samples: Omnibus Amendment (Deerfield Capital Corp.)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower, the Collateral ManagerServicer, the Administrative Agent, the Collateral CustodianLenders, the other Secured Parties and their respective successors and permitted assigns. Each Affected Party and each Indemnified Party shall be an express third party beneficiary of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Golub Capital BDC, Inc.)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower, the Collateral ManagerServicer, the Administrative Agent, the Collateral CustodianTrustee, the Secured Parties and their respective successors and permitted assigns. Each Affected Servicer Indemnified Party and each Indemnified Party shall be an express third third-party beneficiary of this AgreementAgreement to the extent set forth herein.

Appears in 1 contract

Samples: Loan and Security Agreement (NewStar Financial, Inc.)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower, the Collateral ManagerAdministrator, the Administrative Agent, the Collateral Custodian, the Secured Parties and their respective successors and permitted assigns. Each Affected Party and each Indemnified Party shall be an express third party beneficiary of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (New Mountain Finance Corp)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower, the Seller, the Collateral ManagerAdministrator, the Administrative Agent, the Collateral Custodian, the Secured Parties and their respective successors and permitted assigns. Each Affected Party and each Indemnified Party shall be an express third party beneficiary of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (New Mountain Finance Corp)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the BorrowerLoan Parties, the Collateral Manager, the Administrative Agent, the Collateral Custodian, the Secured Parties and their respective successors and permitted assigns. Each Affected Party and each Indemnified Party shall be an express third party beneficiary of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (New Mountain Finance Corp)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower, the Collateral Manager, the Administrative Agent, the Collateral Custodian, the Secured Parties parties hereto and their respective successors and permitted assigns. Each Affected Party The Secured Parties, the Trustee, the Collection Account Bank, the Backup Servicer and each Indemnified Party any Successor Servicer shall be an express third third–party beneficiary beneficiaries of this Agreement to the extent any such party has been assigned rights under this Agreement.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (NewStar Financial, Inc.)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower, the Collateral Manager, the Administrative Agent, the Collateral Custodian, the Secured Parties and their respective successors and permitted assigns. Each Affected Indemnified Party and each Indemnified Party shall be an express third party beneficiary of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Crescent Capital BDC, Inc.)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower, the Collateral ManagerLoan Parties, the Administrative Agent, the Collateral Custodian, the Collateral Administrator, the Securities Intermediary, the Secured Parties and their respective successors and permitted assigns. Each Affected Indemnified Party and each Indemnified Party shall be an express third party beneficiary of this Agreement.

Appears in 1 contract

Samples: Loan, Security and Collateral Management Agreement (Willow Tree Capital Corp)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower, the Collateral Manager, the Administrative Agent, the Collateral Trustee, the Custodian, the Secured Parties and their respective successors and permitted assigns. Each Affected Party and each Indemnified Party shall be an express third party beneficiary of this Agreement.

Appears in 1 contract

Samples: Loan and Servicing Agreement (NewStar Financial, Inc.)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower, the Collateral ManagerLoan Parties, the Administrative Agent, the Collateral Custodian, the Secured Parties and their respective successors and permitted assigns. Each Affected Indemnified Party and each Indemnified Party shall be an express third party beneficiary of this Agreement.. [Investcorp] Loan and Security Agreement

Appears in 1 contract

Samples: Loan, Security and Collateral Management Agreement (Investcorp Credit Management BDC, Inc.)

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