Common use of Successors and Third Parties Clause in Contracts

Successors and Third Parties. This Agreement and the rights and obligations hereunder shall bind and inure to the benefit of the parties hereto and their successors and assigns. The rights and benefits hereunder are specific to the parties and shall not be delegated (except to service providers vetted by the delegating party and over which the delegating party maintains oversight) or assigned without the prior written consent of the other party, which shall not be unreasonably withheld. Nothing in this Agreement is intended to create or grant any right, privilege or other benefit to or for any Person or entity other than the parties hereto. Notwithstanding the foregoing, Purchaser may assign its rights hereunder without Bank’s consent, including in connection with a transfer to special purpose entity 100% owned and controlled by Purchaser, or a securitization transaction or Whole Loan Transfer.

Successors and Third Parties. This Agreement and the rights and obligations hereunder shall bind and inure to the benefit of the parties Parties hereto and their respective successors and assigns. The rights and benefits hereunder are specific to the parties Parties and shall not be delegated (except to service providers vetted by the delegating party and over which the delegating party maintains oversight) or assigned without the prior written consent of the other partyParties, which consent shall not be unreasonably withheld, conditioned or delayed. Nothing in this Agreement is intended to create or grant any right, privilege or other benefit to or for any Person or entity other than the parties heretoParties hereto and any Party executing a Purchaser Joinder Agreement. Notwithstanding the foregoing, Purchaser Bank may assign this Agreement and its rights hereunder without BankPurchaser’s consent, including in connection with a transfer to special purpose entity 100% owned and controlled by Purchaser, or a securitization transaction or Whole Loan Transfer.