Benefit of Agreement; Third-Party Beneficiary. This Agreement is for the benefit of and will be binding on the parties to this Agreement and their permitted successors and assigns. The Owner Trustee will be a third-party beneficiary of this Agreement and may enforce this Agreement against the Administrator. No other Person will have any right or obligation under this Agreement.
Appears in 102 contracts
Samples: Administration Agreement (Ford Credit Auto Owner Trust 2024-A), Administration Agreement (Ford Credit Auto Lease Trust 2024-A), Administration Agreement (Ford Credit Auto Lease Trust 2024-A)
Benefit of Agreement; Third-Party Beneficiary. This Agreement is for the benefit of and will be binding on the parties to this Agreement and their permitted successors and assigns. The Owner Trustee and the Master Collateral Agent will each be a third-party beneficiary beneficiaries of this Agreement and may enforce this Agreement against the Administrator. No other Person will have any right or obligation under this Agreement.
Appears in 3 contracts
Samples: Administration Agreement (Verizon Master Trust), Administration Agreement (Verizon Master Trust), Administration Agreement (Verizon Master Trust)
Benefit of Agreement; Third-Party Beneficiary. This Agreement is for the benefit of and will be binding on the parties to this Agreement and their permitted successors and assigns. The Owner Trustee Lender will be a third-party beneficiary of this Agreement and may enforce this Agreement against the Collateral Agent Administrator. No other Person will have any right or obligation under this Agreement.
Appears in 2 contracts
Samples: Administration Agreement (CAB East LLC), Administration Agreement (Ford Credit Auto Lease Trust 2015-B)
