Common use of Binding Effect; Benefit of Agreement Clause in Contracts

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the Seller, the Servicer, the Administrative Agent, the Backup Servicer, the Collateral Custodian, the Secured Parties and their respective successors and permitted assigns and, in addition, the provisions of Section 2.9(a)(1) and Section 2.10(a)(1) shall inure to the benefit of each Hedge Counterparty, whether or not that Hedge Counterparty is a Secured Party.

Appears in 14 contracts

Samples: Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc)

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Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the SellerBorrower, the Servicer, the Administrative Deal Agent, the Backup Servicer, the Collateral CustodianAgent, the Lenders, the other Secured Parties and their respective successors and permitted assigns and, in addition, the provisions of Section 2.9(a)(1Sections 2.6(a)(i) and Section 2.10(a)(12.6(a)(xii) shall inure to the benefit of each Hedge Counterparty, whether or not that Hedge Counterparty is a Secured Party.

Appears in 7 contracts

Samples: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the SellerBorrower, the Servicer, the Administrative Deal Agent, the Backup Servicer, the Collateral CustodianAgent, the Secured Parties and their respective successors and permitted assigns and, in addition, the provisions of Section 2.9(a)(12.7(a)(i) and Section 2.10(a)(12.7(a)(xi) shall inure to the benefit of each Hedge Counterparty, whether or not that Hedge Counterparty is a Secured Party.

Appears in 6 contracts

Samples: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corporation)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the Seller, the Servicer, the Administrative Agent, the Purchaser Agents, the Backup Servicer, the Collateral Custodian, the Secured Parties and their respective successors and permitted assigns and, in addition, the provisions of Section 2.9(a)(12.9(a)(i) and Section 2.10(a)(12.10(a)(i) shall inure to the benefit of each Hedge Counterparty, whether or not that Hedge Counterparty is a Secured Party.

Appears in 4 contracts

Samples: Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the Seller, the Servicer, the Administrative Agent, the Purchaser Agents, the Backup Servicer, the Collateral Custodian, the Secured Parties and their respective successors and permitted assigns and, in addition, the provisions of Section 2.9(a)(1) and Section 2.10(a)(1) shall inure to the benefit of each Hedge Counterparty, whether or not that Hedge Counterparty is a Secured Party.

Appears in 4 contracts

Samples: Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the SellerBorrower, the Servicer, the Administrative Deal Agent, the Backup Servicer, the Collateral CustodianAgent, the Secured Parties and their respective successors and permitted assigns and, in addition, the provisions of Section 2.9(a)(1Sections 2.6(a)(i) and Section 2.10(a)(12.6(a)(viii) shall inure to the benefit of each Hedge Counterparty, whether or not that Hedge Counterparty is a Secured Party.

Appears in 3 contracts

Samples: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the SellerBorrower, the Servicer, the Administrative Deal Agent, the Backup Servicer, the Collateral CustodianAgent, the Secured Parties and their respective successors and permitted assigns and, in addition, the provisions of Section 2.9(a)(12.7(a)(i) and Section 2.10(a)(12.7(a)(xi) shall inure to the benefit of each Hedge Counterparty, whether or not that Hedge Counterparty is a Secured Party.

Appears in 3 contracts

Samples: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the SellerBorrower, the Servicer, the Administrative Deal Agent, the Backup Servicer, the Collateral CustodianAgent, the Secured Parties and their respective successors and permitted assigns and, in addition, the provisions of Section 2.9(a)(1) and Section 2.10(a)(1) 2.7 shall inure to the benefit of each Hedge Counterparty, whether or not that Hedge Counterparty is a Secured Party.

Appears in 2 contracts

Samples: Loan and Security Agreement (Americredit Corp), Loan and Security Agreement (Americredit Corp)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the Seller, the Servicer, the Administrative Agent, the Purchaser Agents, the Backup Servicer, the Collateral Custodian, the Secured Parties and their respective successors and permitted assigns and, in addition, the provisions of Section 2.9(a)(12.7(a)(i) and Section 2.10(a)(12.8(1) shall inure to the benefit of each Hedge Counterparty, whether or not that Hedge Counterparty is a Secured Party.

Appears in 2 contracts

Samples: Loan Certificate and Servicing Agreement (Capitalsource Inc), Loan Certificate and Servicing Agreement (Capitalsource Inc)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the SellerBorrower, the Servicer, the Administrative Deal Agent, the Backup Servicer, the Collateral CustodianAgent, the Secured Parties and their respective successors and permitted assigns and, in assigns. In addition, the provisions of Section 2.9(a)(1) and Section 2.10(a)(12.7(a)(i) shall inure to the benefit of each Hedge Counterparty, whether or not that Hedge Counterparty is a Secured Party.

Appears in 2 contracts

Samples: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the SellerBorrower, the Servicer, the Administrative Deal Agent, the Backup Servicer, the Collateral CustodianAgent, the Secured Parties and their respective successors and permitted assigns and, in addition, the provisions of Section 2.9(a)(12.7(a)(i) and Section 2.10(a)(12.7(a)(xii) shall inure to the benefit of each Hedge Counterparty, whether or not that Hedge Counterparty is a Secured Party.

Appears in 2 contracts

Samples: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corporation)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the Seller, the Servicer, the Administrative Agent, the Purchaser Agents, the Backup Servicer, the Collateral Custodian, 144 the Secured Parties and their respective successors and permitted assigns and, in addition, the provisions of Section 2.9(a)(1) and Section 2.10(a)(1) shall inure to the benefit of each Hedge Counterparty, whether or not that Hedge Counterparty is a Secured Party.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Capitalsource Inc)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the SellerBorrower, the Servicer, the Administrative Deal Agent, the Backup Servicer, the Collateral CustodianAgent, the Secured Parties and their respective successors and permitted assigns and, in addition, the provisions of Section 2.9(a)(12.7(a)(iv)(Y) and Section 2.10(a)(12.7(b)(i)(Y) shall inure to the benefit of each Hedge Counterparty, whether or not that Hedge Counterparty is a Secured Party.

Appears in 1 contract

Samples: Loan and Security Agreement (Credit Acceptance Corporation)

Binding Effect; Benefit of Agreement. Section 14.6. This Agreement shall be binding upon and inure to the benefit of the SellerBorrower, the Servicer, the Administrative Deal Agent, the Backup Servicer, the Collateral CustodianAgent, the Secured Parties and their respective successors and permitted assigns and, in addition, the provisions of Section 2.9(a)(1) and Section 2.10(a)(12.7(a)(i) shall inure to the benefit of each Hedge Counterparty, whether or not that Hedge Counterparty is a Secured Party.

Appears in 1 contract

Samples: Loan and Security Agreement (Credit Acceptance Corp)

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Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the SellerBorrower, the Servicer, the Administrative Deal Agent, the Backup ServicerManaging Agents, the Collateral CustodianAgent, the other Secured Parties Parties, the Backup Servicer and their respective successors and permitted assigns and, in addition, the provisions of Section 2.9(a)(1) and Section 2.10(a)(12.6(a)(xiv) shall inure to the benefit of each Hedge Counterparty, whether or not that Hedge Counterparty is a Secured Party.

Appears in 1 contract

Samples: Loan and Security Agreement (Credit Acceptance Corp)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the Seller, the Servicer, the Administrative Agent, the Purchaser Agents, the Backup Servicer, the Collateral Custodian, the Secured Parties and their respective successors and permitted assigns and, in addition, the provisions of Section 2.9(a)(1) and Section 2.10(a)(1) shall inure to the benefit of each Hedge Counterparty, whether or not that Hedge Counterparty is a Secured Party.. 143

Appears in 1 contract

Samples: Sale and Servicing Agreement (Capitalsource Inc)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the SellerBorrower, the Servicer, the Administrative Deal Agent, the Backup Servicer, the Collateral CustodianAgent, the Secured Parties and their respective successors and permitted assigns and, in addition, the provisions of Section 2.9(a)(12.7(a)(i) and Section 2.10(a)(12.7(a)(viii) shall inure to the benefit of each Hedge Counterparty, whether or not that Hedge Counterparty is a Secured Party.

Appears in 1 contract

Samples: Loan and Security Agreement (Credit Acceptance Corp)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the SellerBorrower, the Servicer, the Administrative Deal Agent, the Backup Servicer, the Collateral CustodianAgent, the Secured Parties and their respective successors and permitted assigns and, in addition, the provisions of Section 2.9(a)(12.6(a)(i) and Section 2.10(a)(12.6(a)(xi) shall inure to the benefit of each Hedge Counterparty, whether or not that Hedge Counterparty is a Secured Party.

Appears in 1 contract

Samples: Loan and Security Agreement (Credit Acceptance Corp)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the Seller, the Servicer, the Administrative Deal Agent, the Backup Servicer, the Collateral Custodian, the Secured Parties and their respective successors and permitted assigns and, in addition, the provisions of Section 2.9(a)(12.7(a)(i), 2.8(a)(i) and Section 2.10(a)(12.9(b)(i) shall inure to the benefit of each Hedge Counterparty, whether or not that Hedge Counterparty is a Secured Party.

Appears in 1 contract

Samples: Receivables Purchase Agreement (American Business Financial Services Inc /De/)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the SellerBorrower, the Servicer, the Administrative Deal Agent, the Backup Servicer, the Collateral Custodian, the Secured Parties and their respective successors and permitted assigns and, in addition, the provisions of Section 2.9(a)(12.4(a)(i) and Section 2.10(a)(12.5(a)(i) shall inure to the benefit of each Hedge Counterparty, whether or not that Hedge Counterparty is a Secured Party.

Appears in 1 contract

Samples: Credit Agreement (Fidelity Leasing Inc)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the SellerBorrower, the Servicer, the Administrative Deal Agent, the Backup Servicer, the Collateral CustodianAgent, the Secured Parties and their respective successors and permitted assigns and, in assigns. In addition, the provisions of Section 2.9(a)(1) and Section 2.10(a)(12.7(a)(i) shall inure to the benefit of each Hedge Counterparty, whether or not that Hedge Counterparty is a Secured Party.

Appears in 1 contract

Samples: Loan and Security Agreement (Credit Acceptance Corp)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the Seller, the Servicer, the Administrative Deal Agent, the Backup Servicer, the Collateral Custodian, the Secured Parties and their respective successors and permitted assigns and, in addition, the provisions of Section 2.9(a)(12.7(a)(i), 2.8(b)(i) and Section 2.10(a)(12.9(b)(i) shall inure to the benefit of each Hedge Counterparty, whether or not that Hedge Counterparty is a Secured Party.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Fidelity Leasing Inc)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the SellerBorrower, the Servicer, the Administrative Deal Agent, the Backup Servicer, the 113 Collateral CustodianAgent, the Secured Parties and their respective successors and permitted assigns and, in addition, the provisions of Section 2.9(a)(12.7(a)(i) and Section 2.10(a)(12.7(a)(xi) shall inure to the benefit of each Hedge Counterparty, whether or not that Hedge Counterparty is a Secured Party.

Appears in 1 contract

Samples: Loan and Security Agreement (Credit Acceptance Corp)

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