Common use of Benefit of the Agreement; Third-Party Beneficiaries Clause in Contracts

Benefit of the Agreement; Third-Party Beneficiaries. 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, the Trust Collateral Agent and the Trustee (both in its individual capacity and in its capacity as Trustee for the benefit of the Noteholders), will be third-party beneficiaries of this Agreement entitled to enforce this Agreement against the Asset Representations Reviewer and the Servicer. No other Person will have any right or obligation under this Agreement.

Appears in 67 contracts

Samples: Asset Representations Review Agreement (GM Financial Consumer Automobile Receivables Trust 2024-1), Asset Representations Review Agreement (GM Financial Consumer Automobile Receivables Trust 2024-1), Asset Representations Review Agreement (Afs Sensub Corp.)

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Benefit of the Agreement; Third-Party Beneficiaries. This Agreement is for the benefit of and will shall be binding on the parties to this Agreement and their permitted successors and assigns. The Owner Indenture Trustee, the Trust Collateral Agent and the Trustee (both in its individual capacity and in its capacity as Trustee for the benefit of the Noteholders), will be is a third-party beneficiaries beneficiary of this Agreement entitled to enforce this Agreement against the Asset Representations Reviewer and the ServicerSponsor. No other Person will shall have any right or obligation under this Agreement.

Appears in 64 contracts

Samples: Asset Representations Review Agreement (Ally Auto Receivables Trust 2024-1), Asset Representations Review Agreement (Ally Auto Receivables Trust 2024-1), Asset Representations Review Agreement (Ally Auto Receivables Trust 2023-1)

Benefit of the Agreement; Third-Party Beneficiaries. 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, the Trust Collateral Agent Trustee and the Indenture Trustee (both in its individual capacity and in its capacity as Trustee Indenture Trustee), for the benefit of the Noteholders), will be third-party beneficiaries of this Agreement entitled to enforce this Agreement against the Asset Representations Reviewer and the Servicer. No other Person will have any right or obligation under this Agreement.

Appears in 45 contracts

Samples: Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2022-3), Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2022-2), Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2022-2)

Benefit of the Agreement; Third-Party Beneficiaries. 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 Indenture Trustee, the Trust Collateral Agent and the Trustee (both in its individual capacity and in its capacity as Trustee for the benefit of the Noteholders), will be third-party beneficiaries of this Agreement entitled to enforce this Agreement against the Asset Representations Reviewer and the Servicer. No other Person will have any right or obligation under this Agreement, except as provided in Section 7.02(i).

Appears in 27 contracts

Samples: Asset Representations Review Agreement (BMW Vehicle Lease Trust 2024-1), Asset Representations Review Agreement (BMW Vehicle Lease Trust 2024-1), Asset Representations Review Agreement (BMW Vehicle Lease Trust 2023-2)

Benefit of the Agreement; Third-Party Beneficiaries. 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, the Trust Collateral Agent Trustee and the Indenture Trustee (both in its individual capacity and in its capacity as Trustee for the benefit of the Noteholders), will be third-party beneficiaries of this Agreement entitled to enforce this Agreement against the Asset Representations Reviewer and the Servicer. No other Person will have any right or obligation under this Agreement, except as provided in Section 7.02(i).

Appears in 14 contracts

Samples: Asset Representations Review Agreement (BMW Vehicle Owner Trust 2023-A), Asset Representations Review Agreement (BMW Vehicle Owner Trust 2023-A), Asset Representations Review Agreement (BMW Vehicle Owner Trust 2022-A)

Benefit of the Agreement; Third-Party Beneficiaries. 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 Indenture Trustee, the Trust Collateral Agent and the Trustee (both in its individual capacity and in its capacity as Trustee for the benefit of the Noteholders), and the Holding Trust will be third-party beneficiaries of this Agreement entitled to enforce this Agreement against the Asset Representations Reviewer and the Servicer. No other Person will have any right or obligation under this Agreement.

Appears in 10 contracts

Samples: Asset Representations Review Agreement (Exeter Automobile Receivables Trust 2024-2), Asset Representations Review Agreement (Exeter Automobile Receivables Trust 2024-1), Asset Representations Review Agreement (Exeter Automobile Receivables Trust 2024-1)

Benefit of the Agreement; Third-Party Beneficiaries. This Agreement is for the benefit of and will be binding on the parties to this Agreement and their permitted successors and assigns. The Issuer Owner Trustee, the Trust Collateral Agent Trustee and the Indenture Trustee (both in its individual capacity and in its capacity as Trustee Indenture Trustee, for the benefit of the Noteholders), will be third-party beneficiaries of this Agreement entitled to enforce this Agreement against the Asset Representations Reviewer and the Servicer. No other Person will have any right or obligation under this Agreement.

Appears in 9 contracts

Samples: Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2024-2), Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2024-1), Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2024-1)

Benefit of the Agreement; Third-Party Beneficiaries. 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 Indenture Trustee, the Trust Collateral Agent and the Trustee (both in its individual capacity and in its capacity as Trustee for the benefit of the Noteholders), will be third-party beneficiaries of this Agreement entitled to enforce this Agreement against the Asset Representations Reviewer and the Servicer. No other Person will have any right or obligation under this Agreement.

Appears in 4 contracts

Samples: Asset Representations Review Agreement (Efcar, LLC), Asset Representations Review Agreement (Efcar, LLC), Asset Representations Review Agreement (BMW Fs Securities LLC)

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Benefit of the Agreement; Third-Party Beneficiaries. 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 [Indenture Trustee], the Trust Collateral Agent and the Trustee (both in its individual capacity and in its capacity as Trustee for the benefit of the [Noteholders)], will be third-party beneficiaries of this Agreement entitled to enforce this Agreement against the Asset Representations Reviewer and the Servicer[Sponsor]. No other Person will have any right or obligation under this Agreement.

Appears in 3 contracts

Samples: Asset Representations Review Agreement (Ally Wholesale Enterprises LLC), Asset Representations Review Agreement (Ally Auto Assets LLC), Asset Representations Review Agreement (Ally Auto Assets LLC)

Benefit of the Agreement; Third-Party Beneficiaries. 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, the Trust Collateral Agent Sponsor and the Trustee (both in its individual capacity and in its capacity as Trustee for the benefit of the NoteholdersCertificateholders), will be third-party beneficiaries of this Agreement entitled to enforce this Agreement against the Asset Representations Reviewer Reviewer, the Depositor and the ServicerTrustee. No other Person will have any right or obligation under this Agreement.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (GNMAG Asset Backed Securitizations, LLC), Asset Representations Review Agreement (GNMAG Asset Backed Securitizations, LLC)

Benefit of the Agreement; Third-Party Beneficiaries. 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 Trustee, the Trust Collateral Agent and the Trustee (both in its individual capacity and in its capacity as Trustee for the benefit of the Noteholders), will be third-party beneficiaries of this Agreement entitled to enforce this Agreement against the Asset Representations Reviewer and the Servicer. No other Person will have any right or obligation under this Agreement.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (ACAR Leasing Ltd.), Asset Representations Review Agreement (AFS SenSub Corp.)

Benefit of the Agreement; Third-Party Beneficiaries. 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, the Trust Collateral Agent and the Trustee (Trustee, both in its individual capacity and in its capacity as Trustee for the benefit of the Noteholders), will be third-party beneficiaries of this Agreement entitled to enforce this Agreement against the Asset Representations Reviewer and the Servicer. No other Person will have any right or obligation under this Agreement.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (AFS SenSub Corp.), Asset Representations Review Agreement (AFS SenSub Corp.)

Benefit of the Agreement; Third-Party Beneficiaries. 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 Indenture Trustee, the Trust Collateral Agent and the Trustee (both in its individual capacity and in its capacity as Trustee for the benefit of the Noteholders), will be third-party beneficiaries of this Agreement entitled to enforce this Agreement against the Asset Representations Reviewer and the Servicer. No other Person will have any right or obligation under this Agreement., except as provided in Section 7.02(i). Section 9.11

Appears in 1 contract

Samples: Asset Representations Review Agreement

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