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

Binding Effect; Third-Party Beneficiaries. This Agreement shall inure to the benefit of and be binding upon and enforceable by the parties hereto, the ACOLT Owner Trustee, the ACOLT Certificateholder, the Secured Noteholders and their respective successors and permitted assigns. Except as otherwise provided in this Article III, no other Person shall have any right or obligation hereunder.

Appears in 11 contracts

Samples: Ahead Funding Agreement (Ally Auto Assets LLC), Ahead Funding Agreement (Ally Auto Assets LLC), Ahead Funding Agreement (Ally Auto Assets LLC)

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Binding Effect; Third-Party Beneficiaries. This Agreement shall inure to the benefit of and be binding upon and enforceable by the parties hereto, the ACOLT COLT Owner Trustee, the ACOLT COLT 20__-SN_ Certificateholder, the COLT 20__-SN Secured Noteholders Noteholders, the Trust and their respective successors and permitted assigns. Except as otherwise provided in this Article III, no other Person shall have any right or obligation hereunder.

Appears in 2 contracts

Samples: Ahead Funding Agreement (Central Originating Lease Trust), Ahead Funding Agreement (Central Originating Lease Trust)

Binding Effect; Third-Party Beneficiaries. This Agreement shall inure to the benefit of and be binding upon and enforceable by the parties hereto, the ACOLT ABLT Owner Trustee, the ACOLT ABLT Certificateholder, the Secured Noteholders and their respective successors and permitted assigns. Except as otherwise provided in this Article III, no other Person shall have any right or obligation hereunder.

Appears in 1 contract

Samples: Pull Ahead Funding Agreement (Ally Auto Assets LLC)

Binding Effect; Third-Party Beneficiaries. This Agreement shall inure to the benefit of and be binding upon and enforceable by the parties hereto, the ACOLT AFLT Owner Trustee, the ACOLT AFLT Certificateholder, the Secured Noteholders and their respective successors and permitted assigns. Except as otherwise provided in this Article III, no other Person shall have any right or obligation hereunder.

Appears in 1 contract

Samples: Ahead Funding Agreement (Capital Auto Receivables LLC)

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Binding Effect; Third-Party Beneficiaries. This Agreement shall will inure to the benefit of and be binding upon and enforceable by the parties heretoParties, the ACOLT Owner Trustee, the ACOLT Certificateholder, the Secured Noteholders Holders and their respective successors and permitted assigns. The Owner Trustee is a third party beneficiary of this Agreement with respect to its rights to indemnification under Section 6.2. Except as otherwise provided in this Article IIIAgreement, no other Person shall will have any right or obligation hereunderpursuant to this Agreement.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Tl Lease Funding Corp Iv)

Binding Effect; Third-Party Beneficiaries. This Agreement shall inure to the benefit of and be binding upon and enforceable by the parties hereto, the ACOLT COLT Owner Trustee, the ACOLT COLT 2007-SN1 Certificateholder, the COLT 2007-SN1 Secured Noteholders Noteholders, the Trust and their respective successors and permitted assigns. Except as otherwise provided in this Article III, no other Person shall have any right or obligation hereunder.

Appears in 1 contract

Samples: Funding Agreement (Capital Auto Receivables Asset Trust 2007-Sn1)

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