Right to Directly Enforce Sample Clauses
The "Right to Directly Enforce" clause grants a party the explicit authority to take legal action to uphold or compel compliance with certain terms of an agreement, even if they are not the primary beneficiary of those terms. In practice, this means that a third party named in the contract, such as a subcontractor or affiliate, may have the right to enforce specific obligations or protections directly against another party to the contract. This clause is essential for ensuring that all parties with a legitimate interest in the contract's performance can protect their rights without relying solely on the main contracting parties, thereby reducing the risk of non-compliance and providing greater legal certainty.
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Right to Directly Enforce. Notwithstanding any other provision hereof to the contrary, the Funding Lender shall have the right to directly enforce all rights and remedies hereunder with or without involvement of the Governmental Lender or the Fiscal Agent, provided that only the Governmental Lender may enforce the Unassigned Rights. In the event that any of the provisions set forth in this Section 8.2.10 are inconsistent with the covenants, terms and conditions of the Security Instrument, the covenants, terms and conditions of the Security Instrument shall prevail.
Right to Directly Enforce. Notwithstanding any other provision hereof to the contrary, the Funding Lender shall have the right to directly enforce all rights and remedies hereunder with or without involvement of the Governmental Lender...
Right to Directly Enforce. Notwithstanding any other provision hereof to the contrary, the Bondholder shall have the right to directly enforce all rights and remedies hereunder with or without involvement of the Issuer or the Trustee, provided that only the Issuer may enforce the Unassigned Issuer’s Rights.