Common use of Bond Insurer as Third-Party Beneficiary Clause in Contracts

Bond Insurer as Third-Party Beneficiary. To the extent that this Agreement confers upon or gives or grants to the Bond Insurer any right, remedy, benefit, or claim under or by reason of this Agreement, the Bond Insurer is hereby explicitly recognized as being a third-party beneficiary hereunder and may enforce any such right, remedy, benefit or claim conferred, given or granted hereunder.

Bond Insurer as Third-Party Beneficiary. To the extent that this Agreement confers upon or gives or grants to the a Bond Insurer any right, remedy, benefit, or claim under or by reason of this Agreement, the Bond Insurer is hereby explicitly recognized as being a third-party beneficiary hereunder and may enforce any such right, remedy, benefit or claim conferred, given or granted hereunder.