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

Binding Effect; Third-Party Beneficiaries. The Sale Papers will inure to the benefit of and be binding upon the parties hereto and their respective successors and permitted assigns.

Appears in 10 contracts

Sources: Purchase Agreement (Metris Receivables Inc), Purchase Agreement (Fingerhut Receivables Inc), Purchase Agreement (Fingerhut Receivables Inc)

Binding Effect; Third-Party Beneficiaries. The Sale Papers will inure to the benefit of and be binding upon the parties hereto and their respective successors and permitted assigns. The Purchasers and the Trustees listed on Schedule 3 shall be considered third party beneficiaries hereunder.

Appears in 4 contracts

Sources: 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. The Sale Papers will inure to the benefit of and be binding upon the parties hereto and their respective successors and permitted assigns. The Trustee shall be considered a third-party beneficiary of the Sale Papers.

Appears in 1 contract

Sources: Purchase Agreement (Metris Receivables Inc)

Binding Effect; Third-Party Beneficiaries. The Sale Papers will shall inure to the benefit of and the obligations thereunder shall be binding upon the parties hereto and their respective successors and permitted assigns. Any permitted assigns shall be third-party beneficiaries of this Agreement.

Appears in 1 contract

Sources: Purchase Agreement (Newcourt Receivables Corp)