Common use of No Third Party Rights or Obligations Clause in Contracts

No Third Party Rights or Obligations. No Person not a Party to this Institutional Investor Agreement shall have any third-party beneficiary or other rights under this Institutional Investor Agreement. Under no circumstances shall any Person not a Party hereto have any right to sue under or otherwise directly enforce this Institutional Investor Agreement. For the avoidance of doubt, nothing in this Institutional Investor Agreement confers any right or ability to sue to any present or former Mortgage Loan borrower, nor does this Institutional Investor Agreement create any obligation on the part of any Person to any such borrower.

No Third Party Rights or Obligations. No Person not a Party to this Institutional Investor Agreement shall have any third-party beneficiary or other rights under this Institutional Investor Agreement. Under no circumstances shall any Person not a Party hereto have any right to sue xxx under or otherwise directly enforce this Institutional Investor Agreement. For the avoidance of doubt, nothing in this Institutional Investor Agreement confers any right or ability to sue xxx to any present or former Mortgage Loan borrower, nor does this Institutional Investor Agreement create any obligation on the part of any Person to any such borrower.