Common use of Third Party Beneficiaries; Survival Clause in Contracts

Third Party Beneficiaries; Survival. The representations, warranties and agreements made by the Mortgage Loan Seller in this Agreement are made for the benefit of, and may be enforced by or on behalf of, the Trustee and the Holders of Certificates to the same extent that the Purchaser has rights against the Mortgage Loan Seller under this Agreement in respect of representations, warranties and agreements made by the Mortgage Loan Seller herein, and all such representations and warranties shall survive delivery of the Mortgage Files to the Trustee until the termination of the Pooling and Servicing Agreement. Section 5.2 of this Agreement shall survive delivery of the Mortgage Files to the Trustee and remain in full force and effect after the termination or cancellation of this Agreement.

Appears in 5 contracts

Samples: Mortgage Loan Purchase Agreement (Merrill Lynch Mort Invest Inc Mort Pass THR Cert Ser 1999 C1), Mortgage Loan Purchase Agreement (Merrill Lynch Mort Invest Inc Mort Pass THR Cert Ser 1999 C1), Mortgage Loan Purchase and Sale Agreement (Painewebber Mortgage Acceptance Corp V)

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