Common use of Binding Effect; Third-Party Beneficiaries Clause in Contracts

Binding Effect; Third-Party Beneficiaries. This Subsequent Transfer Agreement will inure to the benefit of and be binding upon the parties hereto, the Note Insurer, the Trust, the Owner Trustee, the Noteholders, and their respective successors and permitted assigns.

Appears in 5 contracts

Samples: Unaffiliated Seller's Agreement (Prudential Securities Secured Financing Corp), Unaffiliated Seller's Agreement (Prudential Securities Secured Financing Corp), Unaffiliated Seller's Agreement (Prudential Securities Secured Financing Corp)

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Binding Effect; Third-Party Beneficiaries. This Subsequent Transfer Agreement and the Conveyance Papers will inure to the benefit of and be binding upon the parties hereto, the Note Insurer, the Trust, the Owner Trustee, the Noteholders, hereto and their respective successors and permitted assigns. The Applicable Transferees shall be considered third-party beneficiaries of this Agreement.

Appears in 4 contracts

Samples: Receivables Purchase Agreement, Receivables Purchase Agreement (HSBC Credit Card Master Note Trust (Usa) I), Receivables Purchase Agreement (Metris Master Trust)

Binding Effect; Third-Party Beneficiaries. This Subsequent Transfer Agreement will inure to the benefit of and be binding upon the parties hereto, the Note Insurer, the Trust, the Owner Trustee, the Noteholders, and their respective successors and permitted assigns.

Appears in 2 contracts

Samples: 'S Agreement (Prudential Securities Secured Financing Corp), Loan Sale Agreement (Prudential Securities Secured Financing Corp)

Binding Effect; Third-Party Beneficiaries. This Subsequent Transfer Agreement will inure to the benefit of and be binding upon the parties hereto, the Note Insurer, the Trust, the Owner Trustee, the Noteholders, and their respective successors and permitted assigns.

Appears in 1 contract

Samples: Sale and Servicing Agreement (American Business Financial Services Inc /De/)

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Binding Effect; Third-Party Beneficiaries. This Subsequent Transfer Agreement will inure to the benefit of and be binding upon the parties hereto, the Note Insurer, the Trust, the Owner Trustee, the Noteholders, and their respective successors and permitted assigns.

Appears in 1 contract

Samples: 'S Agreement (Prudential Securities Secured Financing Corp)

Binding Effect; Third-Party Beneficiaries. This Subsequent Transfer Agreement will inure to the benefit of and be binding upon the parties hereto, the Note Insurer, the Trust, the Owner Trustee, the Noteholders, hereto and their respective successors and permitted assignsassigns as set forth in the Purchase Agreement.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (PMC Commercial Trust /Tx)

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