Common use of Persons Entitled Clause in Contracts

Persons Entitled. to the Benefit of this Agreement. This Agreement shall inure to the benefit of and be binding upon the Underwriters and the Depositor and their respective successors. This Agreement and the terms and provisions hereof are for the sole benefit of only those persons, except that the representations, warranties, indemnities and agreements contained in this Agreement shall also be deemed to be for the benefit of the person or persons, if any, who control the Underwriters within the meaning of Section 15 of the Securities Act, and for the benefit of directors of the Depositor, officers of the Depositor who have signed the Registration Statement and any person controlling the Depositor within the meaning of Section 15 of the Securities Act. Nothing in this Agreement is intended or shall be construed to give any person, other than the persons referred to in this Section 13, any legal or equitable right, remedy or claim under or in respect of this Agreement or any provision contained herein.

Appears in 3 contracts

Samples: Underwriting Agreement (Bear Stearns Asset Backed Securities Inc), Underwriting Agreement (Bear Stearns Asset Backed Securities Inc), Underwriting Agreement (Bear Stearns Asset Backed Securities Inc)

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Persons Entitled. to the Benefit of this Agreement. This Agreement shall inure to the benefit of and be binding upon the Underwriters and the Depositor Company, and their respective successors. This Agreement and the terms and provisions hereof are for the sole benefit of only those persons, except that the representations, warranties, indemnities and agreements contained in this Agreement shall also be deemed to be for the benefit of the person or persons, if any, who control any of the Underwriters within the meaning of Section 15 of the Securities Act, and for the benefit of directors of the DepositorCompany, officers of the Depositor Company who have signed the Registration Statement and any person controlling the Depositor Company within the meaning of Section 15 of the Securities Act. Nothing in this Agreement is intended or shall be construed to give any person, other than the persons referred to in this Section 13XIII, any legal or equitable right, remedy or claim under or in respect of this Agreement or any provision contained herein.

Appears in 1 contract

Samples: Equivantage Acceptance Corp

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