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 parties hereto and their respective successors and permitted assigns. The Seller agrees that the Collateral Agent, as agent for the Secured Parties under the Credit Agreement, shall be a third party beneficiary hereof. Any permitted assigns of the Buyer shall be third party beneficiaries of this Agreement.

Appears in 3 contracts

Samples: Master Loan Sale and Contribution Agreement (AB Private Credit Investors Corp), Master Loan Sale and Contribution Agreement (AB Private Credit Investors Corp), Master Loan Sale and Contribution Agreement (AB Private Credit Investors Corp)

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Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of of, and the obligations hereunder shall be binding upon, the parties hereto and their respective successors and permitted assigns. The Seller agrees that the Collateral Agent, as agent for the Secured Parties under the Credit Agreement, shall be a third party beneficiary hereof. Any permitted assigns of the Buyer shall be third third-party beneficiaries of this Agreement.

Appears in 2 contracts

Samples: Loan Sale and Contribution Agreement (Fifth Street Senior Floating Rate Corp.), Loan Sale and Contribution Agreement (Fifth Street Senior Floating Rate Corp.)

Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. The Seller agrees that the Collateral Administrative Agent, as agent for each Purchaser Agent, the Purchasers, the other Secured Parties under Parties, the Credit Agreement, Trustee and the Backup Servicer shall be a third party beneficiary hereof. Any permitted assigns of the Buyer shall be third third-party beneficiaries of this Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Ares Capital Corp)

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Binding Effect; Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of of, and the obligations hereunder shall be binding upon, the parties hereto and their respective successors and permitted assigns. The Seller agrees that the Collateral Agent, as agent for the Secured Parties under the Credit AgreementIndenture, shall be a third party beneficiary hereof. Any permitted assigns of the Buyer shall be third third-party beneficiaries of this Agreement.

Appears in 1 contract

Samples: Master Transfer Agreement (Fifth Street Senior Floating Rate Corp.)

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