Common use of Binding Effect; Third-Party Beneficiaries Clause in Contracts

Binding Effect; Third-Party Beneficiaries. This Agreement benefits and is binding on the parties hereto, and their respective successor and permitted assigns. Each of the Back-up Servicer, the Indenture Trustee and the Owner Trustee are third-party beneficiaries to this Agreement and is entitled to the rights and benefits hereunder and may enforce the provisions hereof as if it were a party hereto.

Appears in 14 contracts

Samples: Sale and Servicing Agreement (Regional Management Corp.), Sale and Servicing Agreement (Regional Management Corp.), Sale and Servicing Agreement (Regional Management Corp.)

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Binding Effect; Third-Party Beneficiaries. This Agreement benefits and is the Conveyance Papers will inure to the benefit of and be binding on upon the parties hereto, hereto and their respective successor successors and permitted assigns. Each of the Back-up Servicer, the Indenture Trustee and the Owner Trustee are shall be considered a third-party beneficiaries to beneficiary of this Agreement and is entitled to the rights and benefits hereunder and may enforce the provisions hereof as if it were a party heretoAgreement.

Appears in 13 contracts

Samples: Master Receivables Purchase Agreement (HSBC Automotive Trust 2005-1), Master Receivables Purchase Agreement (Household Automotive Trust 2004-1), Master Receivables Purchase Agreement (Household Auto Receivables Corp)

Binding Effect; Third-Party Beneficiaries. This Agreement benefits and is the Conveyance Papers will inure to the benefit of and be binding on upon the parties hereto, hereto and their respective successor successors and permitted assigns. Each of the Back-up Servicer, the Indenture Trustee and Issuer with respect to a Master Sale and Servicing Agreement and the related Owner Trustee are shall be considered a third-party beneficiaries to beneficiary of this Agreement and is entitled to the rights and benefits hereunder and may enforce the provisions hereof as if it were a party heretoAgreement.

Appears in 10 contracts

Samples: Master Receivables Purchase Agreement (HSBC Automotive Trust 2005-2), Master Receivables Purchase Agreement (HSBC Automotive Trust 2005-1), Master Receivables Purchase Agreement (HSBC Automotive Trust (USA) 2006-1)

Binding Effect; Third-Party Beneficiaries. This Agreement benefits will inure to the benefit of and is be binding on upon the parties hereto, hereto and their respective successor successors and permitted assigns. Each of the Back-up Servicer, the The Indenture Trustee and the Owner Trustee Noteholders are third-intended and express third party beneficiaries to of this Agreement and is entitled to the rights and benefits hereunder and may enforce the provisions hereof as if it were a party heretoAgreement.

Appears in 1 contract

Samples: Receivables Transfer Agreement (HPSC Inc)

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Binding Effect; Third-Party Beneficiaries. This Agreement benefits and is binding on the parties hereto, and their respective successor and permitted assigns. Each of the Back-up Servicer, the Indenture Trustee and the Owner Trustee are third-third- party beneficiaries to this Agreement and is entitled to the rights and benefits hereunder and may enforce the provisions hereof as if it were a party hereto.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Regional Management Corp.)

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