Limitation on Transfer of NITC Purchase Obligations. NFRRC acknowledges and agrees that the rights pursuant to the NITC Purchase Obligations are personal to NFC, and only the proceeds of such rights have been assigned to NFRRC. NFRRC is not and is not intended to be a third-party beneficiary of such rights and, accordingly, such rights will not be exercisable by, enforceable by or for the benefit of, or preserved for the benefit of, NFRRC.
Appears in 8 contracts
Samples: Purchase Agreement (Navistar Financial Retail Receivables Corporation), Purchase Agreement (Navistar Financial Retail Receivables Corporation), Purchase Agreement (Navistar Financial Retail Receivables Corporation)
Limitation on Transfer of NITC Purchase Obligations. NFRRC --------------------------------------------------- acknowledges and agrees that the rights pursuant to the NITC Purchase Obligations are personal to NFC, and only the proceeds of such rights have been assigned to NFRRC. NFRRC is not and is not intended to be a third-party beneficiary of such rights and, accordingly, such rights will not be exercisable by, enforceable by or for the benefit of, or preserved for the benefit of, NFRRC.
Appears in 2 contracts
Samples: Purchase Agreement (Navistar Financial Retail Receivables Corporation), Purchase Agreement (Navistar Financial Retail Receivables Corporation)
