Common use of Terms Binding Upon Successors; Survival of Representations Clause in Contracts

Terms Binding Upon Successors; Survival of Representations. The terms and provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and, subject to Section 10.06 hereof, assigns. All representations, warranties, covenants and agreements herein contained on the part of the Seller shall survive the sale of the Purchased Receivables, Collections and Related Assets and shall be effective so long as any Purchased Receivable is outstanding or there remain any Obligations to be paid or performed.

Appears in 2 contracts

Samples: Purchase Agreement (New Century Financial Corp), Purchase Agreement (New Century Financial Corp)

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Terms Binding Upon Successors; Survival of Representations. The terms and provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and, subject to Section 10.06 hereof, and assigns. All representations, warranties, covenants and agreements herein contained on the part of the Seller Company shall survive the sale making of any Advance and the execution of the Purchased ReceivablesNote, Collections and Related Assets and shall be effective so long as any Purchased Receivable the Commitment is outstanding or there remain any Obligations to be paid or performed.

Appears in 2 contracts

Samples: Warehousing Credit and Security Agreement (U S Home Corp /De/), Warehousing Credit and Security Agreement (Finet Com Inc)

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Terms Binding Upon Successors; Survival of Representations. The terms and provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and, subject to Section 10.06 hereof, and assigns. All representations, warranties, covenants and agreements herein contained on the part of the Seller Company shall survive the sale making of any Advance and the execution of the Purchased ReceivablesNotes, Collections and Related Assets and shall be effective so long as any Purchased Receivable Lender's commitment is outstanding hereunder or there remain any Obligations to be paid or performed.

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (Mortgage Com Inc)

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