Common use of Binding Effect; Assignability Clause in Contracts

Binding Effect; Assignability. This Agreement shall be binding upon and inure to the benefit of the Buyer and the Seller and their respective successors and permitted assigns. The Seller may not assign any of its rights hereunder or any interest herein without the prior written consent of the Buyer, except as provided in Section 3.11 or as otherwise herein specifically provided. This Agreement shall create and constitute the continuing obligations of the parties hereto in accordance with its terms, and shall remain in full force and effect until such time as the parties hereto shall agree.

Appears in 56 contracts

Samples: Subi Transfer Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Subi Transfer Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Subi Transfer Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)

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Binding Effect; Assignability. This Agreement shall be binding upon and inure to the benefit of the Buyer and the Seller and their respective successors and permitted assigns. The Seller may not assign any of its rights hereunder or any interest herein without the prior written consent of the Buyer, except as provided in Section 3.11 or as otherwise herein specifically provided. This Agreement shall create and constitute the continuing obligations of the parties hereto in accordance with its terms, and shall remain in full force and effect until such time as the parties hereto shall agree.

Appears in 47 contracts

Samples: Exchange Note Sale Agreement (World Omni LT), Exchange Note Sale Agreement (World Omni LT), Exchange Note Sale Agreement (World Omni LT)

Binding Effect; Assignability. This Agreement shall be binding upon and inure to the benefit of the Buyer and the Seller Depositor and their respective successors and permitted assigns. The Seller Depositor may not assign any of its rights hereunder or any interest herein without the prior written consent of the Buyer, except as provided in Section 3.11 or as otherwise herein specifically provided. This Agreement shall create and constitute the continuing obligations of the parties hereto in accordance with its terms, and shall remain in full force and effect until such time as the parties hereto shall agree.

Appears in 38 contracts

Samples: Exchange Note Transfer Agreement (World Omni LT), Exchange Note Transfer Agreement (World Omni LT), Exchange Note Transfer Agreement (World Omni LT)

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Binding Effect; Assignability. This The Agreement shall be binding upon and inure to the benefit of the Buyer and the Seller and their respective successors and permitted assigns. The ; provided, however, that the Seller may shall not have the right to assign any of its rights hereunder or any interest herein (by operation of law or otherwise) without the prior written consent of the Buyer, except as provided that in Section 3.11 or as otherwise herein specifically provided. This Agreement connection with any such assignment the assignee shall create and constitute expressly agree in writing to assume all the continuing obligations of the parties hereto in accordance with its terms, and shall remain in full force and effect until such time as the parties hereto shall agreeSeller hereunder.

Appears in 1 contract

Samples: Master Repurchase Agreement (Lomas Financial Corp)

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