THIRD PARTY LENDER Clause Samples

THIRD PARTY LENDER. (a) Brink’s may collaterally assign its rights under this Agreement to Third Party Lender and that Third Party Lender shall have the right to, either directly or indirectly, confirm with Customer the value of the Property and the outstanding amounts owed to Brink’s by Customer. In the event ▇▇▇▇▇’▇ collaterally assigns its rights under this Agreement to Third Party Lender, Customer undertakes and agrees to act as a bailee for Third Party Lender with respect to the Property or Equipment while the Property is in the Equipment at the Service Location and Customer will comply with any written instructions provided by Third Party Lender with respect to such Property, including without limitation, to turn over such Property to Third Party Lender upon request. (b) Customer acknowledges and agrees that Third Party Lender is advancing funds to ▇▇▇▇▇’▇ against the Property and consents to any such assignment, and that Third Party Lender is relying on the representations, warranties and covenants by Customer in order to induce Third Party Lender to advance against such Property. Customer agrees to indemnify, hold harmless and defend ▇▇▇▇▇’▇ from and against any and all damages, loss, expenses (including attorneys’ fees), liability or claims arising or resulting from Customer’s breach of the representations and warranties made under Section 5(a) of this Appendix A and any breach of its agreements or obligations under Section 1(c)(iii) of the Agreement or this Section 11. Third Party Lender shall be a third party beneficiary of this Agreement.