TRUSTEE AS THIRD PARTY BENEFICIARY Sample Clauses

TRUSTEE AS THIRD PARTY BENEFICIARY. This Agreement has been made and entered into not only for the benefit of the Master Servicer, the Trust and NSLF but also for the benefit of the Trustee in connection with the financing of Eligible Loans, and upon assignment by the Trust to the Trustee, its provisions may be enforced not only by the parties to this Agreement but by the Trustee. The foregoing creates a permissive right on behalf of the Trustee and the Trustee shall be under no duties or obligations hereunder. This Agreement shall inure to the benefit of the Trustee and its successors and assigns. Without limiting the generality of the foregoing, all representations, covenants and agreements in this Agreement which expressly confer rights upon the Trustee shall be for the benefit of and run directly to, the Trustee, and the Trustee shall be entitled to rely on and enforce such representations, covenants and agreements to the same extent as if it were a party hereto. The foregoing creates a permissive right on behalf of the Trustee, and the Trustee shall be under no duties or obligations hereunder. If there is an Event of Default under the Indenture, the Trustee forecloses on its security interest on the Education Loans, and the Trustee seeks to become a party to this Agreement under this Section 32, then the Trustee shall assume all duties and obligations of the Trust hereunder, in accordance with and subject to the Indenture.
Sample 1Sample 2Sample 3See All (36)
AutoNDA by SimpleDocs
TRUSTEE AS THIRD PARTY BENEFICIARY. The Trustee is hereby made a third party beneficiary hereof and is entitled to the benefits of this Agreement with the same force and effect as if the Trustee was a party hereto.
Sample 1Sample 2Sample 3See All (9)
TRUSTEE AS THIRD PARTY BENEFICIARY. To the extent that this Financing Lease confers upon or gives or grants to the Trustee any right, remedy or claim under or by reason of this Financing Lease, the Trustee is recognized as a third party beneficiary of this Financing Lease and may enforce any such right, remedy or claim conferred, given or granted hereunder.
Sample 1
TRUSTEE AS THIRD PARTY BENEFICIARY. This Agreement has been made and entered into not only for the benefit of the Master Servicer, the Trust and NSLF but also for the benefit of the Trustee in connection with the financing of Eligible Loans, and upon assignment by the Trust to the Trustee, its provisions may be enforced not only by the parties to this Agreement but by the Trustee. The foregoing creates a permissive right on behalf of the Trustee and the Trustee shall be under no duties or obligations hereunder. This Agreement shall inure to the benefit of the Trustee and its successors and assigns. Without limiting the generality of the foregoing, all representations, covenants and agreements in this Agreement which expressly confer rights upon the Trustee shall be for the benefit of and run directly to, the Trustee, and the Trustee shall be entitled to rely on and enforce such representations, covenants and agreements to the same extent as if it were a party hereto. The foregoing creates a permissive right on behalf of the Trustee, and the Trustee shall be under no duties or obligations hereunder.
Sample 1
TRUSTEE AS THIRD PARTY BENEFICIARY. The Trustee, for the benefit of the Certificateholders, shall be a third party beneficiary under this Agreement. However, except to the extent the Trustee or its designee assumes the obligations of the Master Servicer, none of the Trust Fund, the Trustee, any successor Master Servicer (unless and to the extent that the successor Master Servicer is a party to this Agreement), as the case may be, or any Certificateholder shall have any duties or any liabilities arising hereunder.
Sample 1
TRUSTEE AS THIRD PARTY BENEFICIARY. The Trustee is an express third-party beneficiary to this Agreement. written.
Sample 1
TRUSTEE AS THIRD PARTY BENEFICIARY. The rights of the ---------------------------------- Issuer under this Agreement (except for certain rights to payment of expenses and indemnification contained in Section 8.3 and 8.4) are to be assigned to the Trustee. The Borrower consents to such assignment and agrees that the Trustee shall be entitled to enforce this Agreement directly against the Borrower as a third party beneficiary hereof. WITNESS the following signatures, as of the day and in the month and year first above written. FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY By:_____________________________________ Title: Xxxxxxxx X. Xxxxxxx, Chairman XXXXXX DEVELOPMENT ASSOCIATES LIMITED PARTNERSHIP, a Virginia limited partnership By:_____________________________________ Title: Xxxxx X. Xxxxxx, General Partner
Sample 1
AutoNDA by SimpleDocs
TRUSTEE AS THIRD PARTY BENEFICIARY. The Trustee shall be a third party beneficiary of Sections 1-6 and 14-21 of this Agreement on behalf of the Owners of the 2022 Bonds and any other Bonds issued under the Indenture and shall be entitled to enforce on behalf of such Owners, all of the obligations and rights of the parties hereto in such Sections to the same extent as if the Trustee were one of the contracting parties, but subject to the limitations on the Trustee's liability set forth in the Indenture.
Sample 1

Related to TRUSTEE AS THIRD PARTY BENEFICIARY

  • No Third Party Beneficiary The terms and provisions of this Agreement are intended solely for the benefit of each party hereto and their respective successors or permitted assigns, and it is not the intention of the parties to confer third-party beneficiary rights upon any other Person.

  • Assignment; No Third Party Beneficiaries 5.2.1 This Agreement and the rights, duties and obligations of the Company hereunder may not be assigned or delegated by the Company in whole or in part.

  • Party Beneficiaries The Manager Indemnified Persons, I-70CH Indemnified Persons, the Senior Executives and SE Employer are express third party beneficiaries of the provisions of this Agreement that relate to them.

  • Third Party Beneficiary The Holders shall be third party beneficiaries to the agreements made hereunder between the Company and the Guarantors, on the one hand, and the Initial Purchasers, on the other hand, and shall have the right to enforce such agreements directly to the extent they may deem such enforcement necessary or advisable to protect its rights or the rights of Holders hereunder.

  • No Third Party Beneficiaries This Agreement is intended for the benefit of the parties hereto and their respective permitted successors and assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other person.

  • Xx Third Party Beneficiaries The terms and provisions of this Agreement are intended solely for the benefit of the Parties and their respective successors or permitted assigns, and it is not the intention of the Parties to confer third-party beneficiary rights upon any other Person.

  • Third Party Beneficiaries This Agreement is intended for the benefit of the parties hereto and their respective permitted successors and assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other person.

  • Assignment and Third Party Beneficiaries 14.1 Except as provided in Section 15.1 below, neither this Agreement nor any rights or obligations hereunder may be assigned or subcontracted by either party without the written consent of the other party. Any attempt to do so in violation of this Section shall be void. Unless specifically stated to the contrary in any written consent to an assignment, no assignment will release or discharge the assignor from any duty or responsibility under this Agreement.

  • No Assignment; No Third Party Beneficiaries This Agreement and the rights, duties and obligations hereunder may not be assigned or delegated by the Company or BNYMCM. Any purported assignment or delegation of rights, duties or obligations hereunder shall be void and of no effect. This Agreement and the provisions hereof shall be binding upon and shall inure to the benefit of each of the parties and their respective successors and, to the extent provided in Article VI, the controlling persons, officers, directors, employees and agents referred to in Article VI. This Agreement is not intended to confer any rights or benefits on any Persons other than as set forth in Article VI or elsewhere in this Agreement.

  • Successors; No Third-Party Beneficiaries Subject to the terms of Article 13, the terms of this Agreement shall be binding upon, and inure to the benefit of, the parties hereto and their successors and assigns. Nothing in this Agreement, whether express or implied, shall be construed to give any person or entity (other than the parties hereto and their respective successors and assigns and, in the case of Article 9, the Indemnified Parties) any legal or equitable right, remedy or claim under or in respect of this Agreement or any covenants, conditions or provisions contained herein.

Time is Money Join Law Insider Premium to draft better contracts faster.