Common use of Intended Beneficiary Clause in Contracts

Intended Beneficiary. Purchaser and Seller hereby acknowledge that the Purchase Price for the Purchased Assets may be funded from a loan provided by State Street Bank and Trust Company to Purchaser; therefore, in the event that State Street Bank and Trust Company participates in the funding of this transaction, Purchaser and Seller further acknowledge that State Street Bank and Trust Company is an intended beneficiary of this Agreement and shall rely upon the representations, warranties and agreements of Purchaser and Seller contained herein.

Intended Beneficiary. Purchaser and Seller hereby acknowledge that the Purchase Price for the Purchased Assets may will be funded from a loan provided by State Street Bank and Trust Company to Purchaser; therefore, in the event that State Street Bank and Trust Company participates in the funding of this transaction, Purchaser and Seller further acknowledge that State Street Bank and Trust Company is an intended beneficiary of this Agreement and shall rely upon the representations, warranties and agreements of Purchaser and Seller contained herein.

Intended Beneficiary. Purchaser Buyer and Seller hereby acknowledge that the Purchase Price for the Purchased Assets may will be funded from a loan provided by State Street Bank and Trust Company to PurchaserBuyer; therefore, in the event that State Street Bank and Trust Company participates in the funding of this transaction, Purchaser Buyer and Seller further acknowledge that State Street Bank and Trust Company is an intended beneficiary of this Agreement and shall rely upon the representations, warranties and agreements of Purchaser Buyer and Seller contained herein.

Intended Beneficiary. Purchaser and Seller hereby acknowledge that the Purchase Price for the Purchased Assets may will be funded from a loan provided by State Street Bank and Trust Company to Purchaser; therefore, in the event that State Street Bank and Trust Company participates in the funding of this transaction, Purchaser and Seller further acknowledge that State Street Bank and Trust Company is an intended beneficiary of this Agreement and shall rely upon the representations, warranties and agreements of Purchaser and Seller contained herein. Purchaser shall obtain from State Street Bank and Trust Company, authorization of this transaction as a condition of closing.