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

Binding Effect; Third-Party Beneficiary. This Borrower Loan Agreement shall inure to the benefit of and shall be binding upon the Governmental Lender, the Borrower and their respective successors and assigns. The Funding Lender is intended to be a third party beneficiary of this Borrower Loan Agreement.

Appears in 2 contracts

Sources: Borrower Loan Agreement, Borrower Loan Agreement

Binding Effect; Third-Party Beneficiary. This Borrower Loan Agreement shall inure to the benefit of and shall be binding upon the Governmental Lender, the Borrower and their respective successors and assigns. The Funding Lender is Bank and the Fiscal Agent are each intended to be a third party beneficiary of this Borrower Loan Agreement.

Appears in 1 contract

Sources: Loan Agreement

Binding Effect; Third-Party Beneficiary. This Borrower Loan Agreement shall inure to the benefit of and shall be binding upon the Governmental LenderIssuer, the Borrower and their respective successors and assigns. The Funding Lender Bondowner Representative is an intended to be a third party beneficiary of this Borrower Loan Agreement.

Appears in 1 contract

Sources: Indenture

Binding Effect; Third-Party Beneficiary. This Borrower Loan Agreement shall inure to the benefit of and shall be binding upon the Governmental Lender, the Borrower and their respective successors and assigns. The Funding Lender Bank is intended to be a third party beneficiary of this Borrower Loan Agreement.

Appears in 1 contract

Sources: Loan Agreement