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 Deal Agent, the Backup Servicer, the Collateral Agent, the Secured Parties and their respective successors and permitted assigns.

Appears in 4 contracts

Samples: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement and Backup Servicing Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp)

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Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the BorrowerSeller, the Deal Servicer, the Administrative Agent, the Purchaser Agents, the Trustee and Backup Servicer, the Collateral Agent, the Secured Parties and their respective successors and permitted assigns.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (NewStar Financial, Inc.), Sale and Servicing Agreement (NewStar Financial, Inc.), Sale 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 Deal Agent, the Backup Servicer, the Collateral Agent, the Secured Parties parties hereto and their respective successors and permitted assigns. The Administrative Agent, each Purchaser Agent, the Purchasers, the other Secured Parties, the Collateral Custodian and the Backup Servicer shall be third–party beneficiaries of this Agreement.

Appears in 2 contracts

Samples: Sale and Contribution Agreement (Capitalsource Inc), Sale and Contribution Agreement (Capitalsource Inc)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower, the Deal Servicer, the Administrative Agent, the Backup Servicer, the Collateral AgentTrustee, the Secured Parties and their respective successors and permitted assigns.

Appears in 2 contracts

Samples: Secured Loan and Servicing Agreement (NewStar Financial, Inc.), Secured 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 Deal Agent, the Backup Servicer, the Collateral Agent, the Secured Parties parties hereto and their respective successors and permitted assigns. The Administrative Agent, the Purchasers, the other Secured Parties, the Collateral Custodian and the Backup Servicer shall be third–party beneficiaries of this Agreement.

Appears in 1 contract

Samples: Sale and Contribution Agreement (Capitalsource Inc)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower, the Deal Agent, the Backup Servicer, the Collateral Agent, the Secured Parties parties hereto and their respective successors and permitted assigns. The Administrative Agent, each Purchaser Agent, the Purchasers, the other Secured Parties, the Trustee and the Backup Servicer shall be third-party beneficiaries of this Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Ares Capital Corp)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower, the Deal Agent, the Backup Servicer, the Collateral Agent, the Secured Parties and their respective successors and permitted assigns.

Appears in 1 contract

Samples: Certificate Funding Agreement (Credit Acceptance Corporation)

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Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the BorrowerSeller, the Deal Servicer, the Administrative Agent, the Purchaser Agent, the Backup Servicer, the Collateral AgentCustodian, the Secured Parties and their respective successors and permitted assigns.

Appears in 1 contract

Samples: Loan Certificate and Servicing Agreement (Capitalsource Inc)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the Borrower, the Deal Servicer, the Administrative Agent, the Lender Agents, the Trustee and Backup Servicer, the Collateral Agent, the Secured Parties and their respective successors and permitted assigns.

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 Deal Equityholder, the Collateral Manager, the Administrative Agent, the Backup ServicerCollateral Custodian, the Collateral Agent, the Secured Parties and their respective successors and permitted assigns.the

Appears in 1 contract

Samples: Loan and Security Agreement (NMF SLF I, Inc.)

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