Common use of Successors and Assigns; Assignment of this Agreement Clause in Contracts

Successors and Assigns; Assignment of this Agreement. (a) This Agreement shall bind and inure to the benefit of and be enforceable by the parties hereto and their respective permitted successors and assigns. The obligations of each Seller under this Agreement cannot be assigned or delegated to a third party without the consent of the Purchaser, which consent shall be at the Purchaser's sole discretion; provided, that each Seller may assign its obligations hereunder to any Affiliate of such Seller, to any Person succeeding to the business of such Seller, to any Person into which such Seller is merged and to any Person resulting from any merger, conversion or consolidation to which such Seller is a party. The parties hereto acknowledge that the Purchaser is acquiring the Mortgage Loans for the purpose of contributing them to the GMACM Mortgage Loan Trust 2002-GH1.

Appears in 1 contract

Samples: Mortgage Loan Purchase Agreement (Residential Asset Mortgage Products Inc)

AutoNDA by SimpleDocs

Successors and Assigns; Assignment of this Agreement. (a) This Agreement shall bind and inure to the benefit of and be enforceable by the parties hereto and their respective permitted successors and assigns. The obligations of each the Seller under this Agreement cannot be assigned or delegated to a third party without the consent of the Credit Enhancer and the Purchaser, which consent shall be at the Purchaser's sole discretion; provided, that each the Seller may assign its obligations hereunder to any Affiliate of such the Seller, to any Person succeeding to the business of such the Seller, to any Person into which such the Seller is merged and to any Person resulting from any merger, conversion or consolidation to which such the Seller is a party. The parties hereto acknowledge that the Purchaser is acquiring the Mortgage Loans for the purpose of contributing them to the GMACM Mortgage Loan Trust 20022001-GH1.

Appears in 1 contract

Samples: Mortgage Loan Purchase Agreement (Residential Asset Mortgage Products Inc)

Successors and Assigns; Assignment of this Agreement. (a) This Agreement shall bind and inure to the benefit of and be enforceable by the parties hereto and their respective permitted successors and assigns. The obligations of each Seller under this Agreement cannot be assigned or delegated to a third party without the consent of the Purchaser, which consent shall be at the Purchaser's sole discretion; provided, that each Seller may assign its obligations hereunder to any Affiliate of such Seller, to any Person succeeding to the business of such Seller, to any Person into which such Seller is merged and to any Person resulting from any merger, conversion or consolidation to which such Seller is a party. The parties hereto acknowledge that the Purchaser is acquiring the Mortgage Loans for the purpose of contributing them to the GMACM Mortgage Loan Trust 20022003-GH1.

Appears in 1 contract

Samples: Mortgage Loan Purchase Agreement (Residential Asset Mortgage Prod Inc Gmacm Mor Ln Tr 2003-Gh1)

Successors and Assigns; Assignment of this Agreement. (a) This Agreement shall bind and inure to the benefit of and be enforceable by the parties hereto and their respective permitted successors and assigns. The obligations of each the Seller under this Agreement cannot be assigned or delegated to a third party without the consent of the Purchaser, which consent shall be at the Purchaser's sole discretion; provided, that each the Seller may assign its obligations hereunder to any Affiliate of such the Seller, to any Person succeeding to the business of such the Seller, to any Person into which such the Seller is merged and to any Person resulting from any merger, conversion or consolidation to which such the Seller is a party. The parties hereto acknowledge that the Purchaser is acquiring the Mortgage Loans for the purpose of contributing them to the GMACM Mortgage Loan Trust 20022003-GH1GH2.

Appears in 1 contract

Samples: Mortgage Loan Purchase Agreement (Residential Asset Mort Prods Inc Gmacm Mort Ln Tr 03 Gh2)

Successors and Assigns; Assignment of this Agreement. (a) This Agreement shall bind and inure to the benefit of and be enforceable by the parties hereto and their respective permitted successors and assigns. The obligations of each the Seller under this Agreement cannot be assigned or delegated to a third party without the consent of the Purchaser, which consent shall be at the Purchaser's sole discretion; provided, that each the Seller may assign its obligations hereunder to any Affiliate of such the Seller, to any Person succeeding to the business of such the Seller, to any Person into which such the Seller is merged and to any Person resulting from any merger, conversion or consolidation to which such the Seller is a party. The parties hereto acknowledge that the Purchaser is acquiring the Mortgage Loans for the purpose of contributing them to the GMACM Mortgage Loan Trust 20022004-GH1.

Appears in 1 contract

Samples: Loan Purchase Agreement (GMACM Mortgage Loan Trust 2004-Gh1)

AutoNDA by SimpleDocs

Successors and Assigns; Assignment of this Agreement. (a) This Agreement shall bind and inure to the benefit of and be enforceable by the parties hereto and their respective permitted successors and assigns. The obligations of each the Seller under this Agreement cannot be assigned or delegated to a third party without the consent of the Purchaser, which consent shall be at the Purchaser's ’s sole discretion; provided, that each the Seller may assign its obligations hereunder to any Affiliate of such the Seller, to any Person succeeding to the business of such the Seller, to any Person into which such the Seller is merged and to any Person resulting from any merger, conversion or consolidation to which such the Seller is a party. The parties hereto acknowledge that the Purchaser is acquiring the Mortgage Loans for the purpose of contributing them to the GMACM Mortgage Loan Trust 2002-GH1PRS Series 20[__]-[__] Trust.

Appears in 1 contract

Samples: Mortgage Loan Purchase Agreement (Phoenix Residential Securities, LLC)

Successors and Assigns; Assignment of this Agreement. (a) This Agreement shall bind and inure to the benefit of and be enforceable by the parties hereto and their respective permitted successors and assigns. The obligations of each Seller under this Agreement cannot be assigned or delegated to a third party without the consent of the Purchaser, which consent shall be at the Purchaser's sole discretion; provided, that each Seller may assign its obligations hereunder to any Affiliate of such Seller, to any Person succeeding to the business of such Seller, to any Person into which such Seller is merged and to any Person resulting from any merger, conversion or consolidation to which such Seller is a party. The parties hereto acknowledge that the Purchaser is acquiring the Mortgage Loans for the purpose of contributing them to the GMACM Mortgage Home Equity Loan Trust 20022004-GH1HE2.

Appears in 1 contract

Samples: Mortgage Loan Purchase Agreement (Residential Asset Mort Prod Inc Gmacm Home Eq L N Tr 04 He2)

Successors and Assigns; Assignment of this Agreement. (a) This Agreement shall bind and inure to the benefit of and be enforceable by the parties hereto and their respective permitted successors and assigns. The obligations of each Seller under this Agreement cannot be assigned or delegated to a third party without the consent of the Purchaser, Enhancer and the Purchaser which consent shall be at the Purchaser's sole discretion; provided, that each Seller may assign its obligations hereunder to any Affiliate of such Seller, to any Person succeeding to the business of such Seller, to any Person into which such Seller is merged and to any Person resulting from any merger, conversion or consolidation to which such Seller is a party. The parties hereto acknowledge that the Purchaser is acquiring the Mortgage Loans for the purpose of contributing them to the GMACM Mortgage Home Equity Loan Trust 2002-GH1HE4.

Appears in 1 contract

Samples: Mortgage Loan Purchase Agreement (Residential Asset Mortgage Products Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.