Common use of Permitted Beneficiaries Clause in Contracts

Permitted Beneficiaries. Each Additional Collateral Mortgage Loan is an “Additional Collateral Mortgage Loan,” as such term is defined in the related Surety Bond, and each of Seller and Buyer is a “Permitted Beneficiary” of the rights of the related Approved Provider; provided that Buyer shall not be a “Permitted Beneficiary” unless and until the assignment and notice of transfer attached to the Surety Bond is completed in accordance with the terms of the Surety Bond and the Surety Bond Issuer has consented in writing to such assignment.

Permitted Beneficiaries. Each Additional Collateral Mortgage Loan is an “Additional Collateral Mortgage Loan,” as such term is defined in the related Surety Bond, and each of Seller Seller, Agent and Buyer each Principal is a “Permitted Beneficiary” of the rights of the related Approved Provider; provided that Buyer shall not be a “Permitted Beneficiary” unless and until the assignment and notice of transfer attached to the Surety Bond is completed in accordance with the terms of the Surety Bond and the Surety Bond Issuer has consented in writing to such assignment.

Permitted Beneficiaries. Each Additional Collateral Mortgage Loan is an “"Additional Collateral Mortgage Loan,” " as such term is defined in the related Surety Bond, and each of Seller the Company and Buyer the Purchaser is a “"Permitted Beneficiary” " of the rights of the related Approved Provider; provided that Buyer shall not be a “Permitted Beneficiary” unless and until the assignment and notice of transfer attached to the Surety Bond is completed in accordance with the terms of the Surety Bond and the Surety Bond Issuer has consented in writing to such assignmentMLCC thereunder.