Common use of Binding Obligation Clause in Contracts

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of Purchaser, enforceable against Purchaser in accordance with its terms, subject, as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and other similar laws and to general equitable principles.

Appears in 308 contracts

Sources: Purchase Agreement (GM Financial Consumer Automobile Receivables Trust 2025-4), Purchase Agreement (Exeter Automobile Receivables Trust 2025-5), Purchase Agreement (GM Financial Consumer Automobile Receivables Trust 2025-4)

Binding Obligation. This Agreement evidences a valid sale, transfer and assignment of the Receivables, and constitutes a legal, valid and binding obligation of the Purchaser, enforceable against Purchaser it in accordance with its terms, subject, except as enforceability may be subject to enforceability, to applicable or limited by bankruptcy, insolvency, reorganization, conservatorship, receivershipmoratorium, liquidation and or other similar laws affecting the enforcement of creditors’ rights in general and to by general equitable principlesprinciples of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at law.

Appears in 75 contracts

Sources: Receivables Purchase Agreement (Honda Auto Receivables 2025-4 Owner Trust), Receivables Purchase Agreement (Honda Auto Receivables 2025-4 Owner Trust), Receivables Purchase Agreement (Honda Auto Receivables 2025-3 Owner Trust)

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Purchaser, enforceable against Purchaser it in accordance with its terms, subject, except as enforceability may be subject to enforceability, to applicable or limited by bankruptcy, insolvency, reorganization, conservatorship, receivershipmoratorium, liquidation and or other similar laws affecting the enforcement of creditors’ rights in general and to by general equitable principlesprinciples of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at law.

Appears in 59 contracts

Sources: Receivables Purchase Agreement (Honda Auto Receivables 2015-4 Owner Trust), Receivables Purchase Agreement (Honda Auto Receivables 2015-4 Owner Trust), Receivables Purchase Agreement (Honda Auto Receivables 2015-3 Owner Trust)

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of Purchaser, the Purchaser enforceable against the Purchaser in accordance with its terms, subjectexcept as enforceability may be limited by bankruptcy, as to enforceabilityreceivership, to applicable bankruptcyconservatorship, insolvency, reorganization, conservatorship, receivership, liquidation and reorganization or other similar laws affecting the enforcement of creditors’ rights in general and to by general equitable principlesprinciples of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 38 contracts

Sources: Receivables Purchase Agreement (Carvana Auto Receivables Trust 2025-P3), Receivables Purchase Agreement (Carvana Auto Receivables Trust 2025-P3), Receivables Purchase Agreement (Carvana Auto Receivables Trust 2025-P2)

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms, subject, as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and or other similar laws affecting the enforcement of creditors’ rights generally and to general equitable principlesprinciples of equity.

Appears in 20 contracts

Sources: Purchase and Contribution Agreement (Trinity Industries Inc), Purchase and Sale Agreement (Trinity Industries Inc), Purchase and Contribution Agreement (Trinity Industries Inc)

Binding Obligation. This Agreement has been duly executed and delivered by Purchaser and this Agreement constitutes a legal, valid and binding obligation of Purchaser, enforceable against Purchaser in accordance with its terms, subject, as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and other similar laws affecting the enforcement of the rights of creditors generally and to general equitable principleslimitations on the availability of specific remedies.

Appears in 18 contracts

Sources: Receivables Purchase Agreement (California Republic Auto Receivables Trust 2015-2), Receivables Purchase Agreement (California Republic Funding LLC), Receivables Purchase Agreement (California Republic Funding LLC)

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Purchaser, enforceable against Purchaser it in accordance with its terms, subject, except as enforceability may be subject to enforceability, to applicable or limited by bankruptcy, insolvency, reorganization, conservatorship, receivershipmoratorium, liquidation and or other similar laws affecting the enforcement of creditors' rights in general and to by general equitable principlesprinciples of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at law.

Appears in 15 contracts

Sources: Receivables Purchase Agreement (Honda Auto Receivables 2007-1 Owner Trust), Receivables Purchase Agreement (Honda Auto Receivables 2006-2 Owner Trust), Receivables Purchase Agreement (Honda Auto Receivables 2007-3 Owner Trust)

Binding Obligation. This Agreement constitutes a is the legal, valid valid, and binding obligation of Purchaser, enforceable against Purchaser in accordance with its terms, subject, except as to enforceability, to applicable enforceability may be limited by bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and or other similar laws and to of general equitable principlesapplication or by general principles of equity.

Appears in 10 contracts

Sources: Business and Asset Purchase Agreement (B2Digital, Inc.), Agreement to Transfer Interest in LLC (B2Digital, Inc.), Asset Purchase Agreement (Digital Turbine, Inc.)

Binding Obligation. This Agreement constitutes shall constitute a legal, valid and binding obligation of Purchaser, the Purchaser enforceable against Purchaser in accordance with its terms, subject, except as to enforceability, to applicable enforceability may be limited by bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation moratorium and other similar laws and to affecting creditors' rights generally or by general equitable principlesprinciples of equity.

Appears in 10 contracts

Sources: Receivables Purchase Agreement (Toyota Motor Credit Corp), Receivables Purchase Agreement (Toyota Motor Credit Corp), Receivables Purchase Agreement (Toyota Motor Credit Corp)

Binding Obligation. This Agreement has been duly executed and delivered by Purchaser and this Agreement constitutes a legal, valid and binding obligation of Purchaser, enforceable against Purchaser Seller in accordance with its terms, subject, as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and other similar laws affecting the enforcement of the rights of creditors generally and to general equitable principleslimitations on the availability of specific remedies.

Appears in 9 contracts

Sources: Purchase Agreement (UPFC Auto Receivables Trust 2005-B), Purchase Agreement (United Pan Am Financial Corp), Purchase Agreement (Ace Sec Corp Wells Fargo Financial Auto Owner Trust 2004-A)

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms, subject, except as to enforceability, to such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' rights in general and to by general equitable principlesprinciples or equity, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 9 contracts

Sources: Pooling and Servicing Agreement (Wholesale Auto Receivables Corp), Pooling and Servicing Agreement (Wholesale Auto Receivables Corp), Pooling and Servicing Agreement (Gs Mortgage Securities Corp)

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms, subject, except as to enforceability, to such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors’ rights in general and to by general equitable principlesprinciples or equity, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 8 contracts

Sources: Pooling and Servicing Agreement (Wholesale Auto Receivables Corp), Pooling and Servicing Agreement (Ally Wholesale Enterprises LLC), Pooling and Servicing Agreement (Superior Wholesale Inventory Financing Trust 2007-Ae-1)

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms, subject, as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation Bankruptcy Laws and other similar laws and to general equitable principlesprinciples of equity.

Appears in 7 contracts

Sources: Omnibus Amendment (Ares Capital Corp), Second Tier Purchase and Sale Agreement (Ares Capital Corp), Purchase and Sale Agreement (Ares Capital Corp)

Binding Obligation. This Agreement constitutes a legal, valid and ------------------ binding obligation of Purchaser, enforceable against Purchaser in accordance with its terms, subject, as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and other similar laws and to general equitable principles.

Appears in 7 contracts

Sources: Purchase Agreement (Americredit Financial Services Inc), Purchase Agreement (Americredit Financial Services Inc), Purchase Agreement (Americredit Financial Services Inc)

Binding Obligation. This Agreement constitutes a legal, valid ------------------ and binding obligation of Purchaser, enforceable against Purchaser in accordance with its terms, subject, as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and other similar laws and to general equitable principles.

Appears in 7 contracts

Sources: Purchase Agreement (Americredit Financial Services Inc), Purchase Agreement (Americredit Financial Services Inc), Purchase Agreement (Americredit Financial Services Inc)

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of Purchaser, the Buyer enforceable against Purchaser the Buyer in accordance with its terms, subject, except as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation such enforceability may be limited by Insolvency Laws and other similar laws and to by general equitable principlesprinciples of equity (whether considered in a suit at law or in equity).

Appears in 7 contracts

Sources: Master Purchase and Sale Agreement (Ares Strategic Income Fund), Master Purchase and Sale Agreement (Ares Capital Corp), Master Purchase and Sale Agreement (Ares Strategic Income Fund)

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its respective terms, subject, as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation Bankruptcy Laws and other similar laws and to general equitable principlesprinciples of equity (whether such enforceability is considered in a proceeding in equity or at law).

Appears in 5 contracts

Sources: Purchase and Sale Agreement (Blue Owl Technology Finance Corp.), Purchase and Sale Agreement (FS Investment Corp III), Purchase and Sale Agreement (FS Energy & Power Fund)

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms, subject, as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and or other similar laws affecting the enforcement of creditors' rights generally and to general equitable principlesprinciples of equity.

Appears in 5 contracts

Sources: Purchase and Contribution Agreement (Trinity Industries Inc), Purchase and Contribution Agreement (Trinity Industries Inc), Contribution Agreement (Maxtor Corp)

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Purchaser, enforceable against Purchaser in accordance with its terms, subject, as to enforceability, subject to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation reorganization and other similar laws relating to creditors’ rights generally and subject to general equitable principlesprinciples of equity.

Appears in 4 contracts

Sources: Student Loan Transfer Agreement (KeyCorp Student Loan Trust 2006-A), Student Loan Transfer Agreement (Keycorp Student Loan Trust 2004-A), Student Loan Transfer Agreement (KeyCorp Student Loan Trust 2005-A)

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of Purchaser, the Purchaser enforceable against the Purchaser in accordance with its terms, subject, except as to enforceability, to enforceability may be limited by applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and or other similar laws affecting the enforcement of creditors' rights in general and to by general equitable principlesprinciples of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 4 contracts

Sources: Receivables Purchase Agreement (Dillard Asset Funding Co), Receivables Purchase Agreement (Dillard Asset Funding Co), Receivables Purchase Agreement (Dillard Asset Funding Co)

Binding Obligation. This Agreement constitutes a legal, the valid and binding obligation of Purchaser, Purchaser and is enforceable against Purchaser in accordance with its terms, subject, except as to enforceability, to applicable such enforcement may be affected by bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation moratorium and other similar laws and relating to creditor's rights generally or general equitable principlesprinciples of equity.

Appears in 4 contracts

Sources: Asset Purchase Agreement (Health & Nutrition Systems International Inc), Asset Purchase Agreement (Tisi Christopher), Asset Purchase Agreement (Tisi Christopher)

Binding Obligation. This Agreement has been duly authorized, executed and delivered by the Buyer and constitutes a legal, valid and binding obligation agreement of Purchaserthe Buyer, enforceable against Purchaser the Buyer in accordance with its terms, subject, as subject to enforceability, to applicable bankruptcy, insolvency, fraudulent transfer, reorganization, conservatorship, receivership, liquidation moratorium and other similar laws of general applicability relating to or affecting creditors’ rights and to general equitable equity principles.

Appears in 4 contracts

Sources: Stock Purchase Agreement (MVC Capital, Inc.), Stock Purchase Agreement (MVC Capital, Inc.), Stock Purchase Agreement (General Maritime Corp/)

Binding Obligation. This Agreement has been duly executed and delivered by the Purchaser and this Agreement constitutes a legal, valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms, subject, as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and other similar laws affecting the enforcement of the rights of creditors generally and to general equitable principleslimitations on the availability of specific remedies.

Appears in 3 contracts

Sources: Purchase Agreement (M&i Dealer Auto Securitization LLC), Purchase Agreement (M&i Auto Loan Trust 2002-1), Purchase Agreement (M&i Dealer Auto Securitization LLC)

Binding Obligation. This Agreement constitutes a is the legal, valid valid, and binding obligation of PurchaserBuyer, enforceable against Purchaser Buyer in accordance with its terms, subject, except as to enforceability, to applicable enforceability may be limited by bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and or other similar laws and to of general equitable principlesapplication or by general principles of equity.

Appears in 3 contracts

Sources: Stock Purchase Agreement (Barnwell Industries Inc), Asset Purchase Agreement, Asset Purchase Agreement (Farmer Brothers Co)

Binding Obligation. This Agreement constitutes shall constitute a legal, valid and binding obligation of the Purchaser, enforceable against Purchaser it in accordance with its terms, subject, except as enforceability may be subject to enforceability, to applicable or limited by bankruptcy, insolvency, reorganization, conservatorship, receivershipmoratorium, liquidation and or other similar laws affecting the enforcement of creditors’ rights in general and to by general equitable principlesprinciples of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at law.

Appears in 3 contracts

Sources: Receivables Purchase Agreement (Toyota Auto Finance Receivables LLC), Receivables Purchase Agreement (Toyota Auto Finance Receivables LLC), Receivables Purchase Agreement (Toyota Auto Finance Receivables LLC)

Binding Obligation. This Agreement constitutes is a legal, valid valid, and binding obligation of Purchaserthe Buyer, enforceable against Purchaser the Buyer in accordance with its terms, subject, except as enforceability may be subject to enforceability, the exercise of judicial discretion in accordance with general equitable principles and to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation moratorium and other similar laws and for the relief of debtors heretofore or hereafter enacted to general equitable principlesthe extent that the same may be constitutionally applied.

Appears in 2 contracts

Sources: Land Disposition Agreement, Land Disposition Agreement

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms, subject, as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and other similar laws and to general equitable principles.

Appears in 2 contracts

Sources: Purchase Agreement (Medical Imaging Corp.), Purchase and Sale Agreement (Acc Consumer Finance Corp)

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of Purchaser, enforceable against Purchaser in accordance with its terms, subject, except as to enforceability, to enforceability may be limited by applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and moratorium or other similar laws now or hereafter in effect, affecting the enforcement of creditors’ rights in general and subject to general equitable principlesprinciples of equity (whether applied in a proceeding at law or in equity).

Appears in 2 contracts

Sources: Purchase Agreement (Bank One Auto Securitization LLC), Purchase Agreement (Bank One Auto Securitization Trust 2003-1)

Binding Obligation. This Agreement constitutes a legal, ------------------ valid and binding obligation of Purchaser, enforceable against Purchaser in accordance with its terms, subject, as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and other similar laws and to general equitable principles.

Appears in 2 contracts

Sources: Purchase Agreement (Americredit Financial Services Inc), Purchase Agreement (Americredit Financial Services Inc)

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of Purchaser, the Purchaser enforceable against Purchaser in accordance with its terms, subject, except as to enforceability, to enforceability may be limited by applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and other moratorium or similar laws affecting the enforcement of creditors’ rights generally and to by general equitable principlesprinciples (whether enforcement is sought by proceedings in equity or at law).

Appears in 2 contracts

Sources: Sale and Contribution Agreement (Cinedigm Digital Cinema Corp.), Sale and Contribution Agreement (First Look Studios Inc)

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms, subject, except as to enforceability, to such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and moratorium or other similar laws affecting creditors’ rights generally and to general equitable principlesprinciples of equity (whether considered in a suit at law or in equity).

Appears in 2 contracts

Sources: Purchase and Sale Agreement (Morgan Stanley Direct Lending Fund), Purchase and Sale Agreement (Ares Capital Corp)

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of Purchaser, the Purchaser enforceable against Purchaser in accordance with its terms, subject, ; except only as to enforceability, to applicable such enforcement may be limited by bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and other insolvency or similar laws and to general equitable principlesaffecting the enforcement of creditors' rights generally.

Appears in 2 contracts

Sources: Purchase Agreement (Bay View Transaction Corp), Purchase Agreement (Bay View Deposit CORP)

Binding Obligation. This Agreement constitutes a the legal, valid and binding obligation of Purchaser, Buyer (subject to receipt of the appropriate regulatory approvals and satisfaction of other conditions set forth in section 20) enforceable against Purchaser in accordance with its terms, subject, except as to enforceability, to applicable the enforceability may be limited by bankruptcy, insolvency, reorganization, fraudulent conveyance, conservatorship, receivership, liquidation and other receivership or similar laws affecting the enforcement of creditors’ rights generally and to general equitable principlesprinciples (regardless of whether the issue of enforceability is considered in a proceeding in equity or at law).

Appears in 1 contract

Sources: Branch Sale Agreement (Heritage Financial Group Inc)

Binding Obligation. This Agreement constitutes a the legal, valid and binding obligation of the Purchaser, enforceable against Purchaser it in accordance with its respective terms, subject, except as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation the enforceability hereof may be limited by Bankruptcy Laws and other similar laws and to by general equitable principlesprinciples of equity (whether such enforceability is considered in a proceeding in equity or at law).

Appears in 1 contract

Sources: Purchase and Sale Agreement (Ares Capital Corp)

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of Purchaser, Buyer enforceable against Purchaser Buyer in accordance with its terms, subject, except as to enforceability, to enforceability may be limited by applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and or other similar laws affecting the enforcement of creditors' rights in general and to by general equitable principlesprinciples of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 1 contract

Sources: Servicing Agreement (Navistar Financial Corp)

Binding Obligation. This Agreement constitutes is a legal, valid valid, and binding obligation of Purchaser, enforceable against Purchaser in accordance with its terms, subject, except as to enforceability, to applicable enforceability may be limited by bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and or other similar laws and to of general equitable principlesapplication or by general principles of equity.

Appears in 1 contract

Sources: Note Purchase Agreement (Grown Rogue International Inc.)

Binding Obligation. This Agreement constitutes a the legal, valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its termsterms against the Purchaser, subject, as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and other similar laws and to general equitable principles.

Appears in 1 contract

Sources: Purchase Agreement (Asta Funding Inc)

Binding Obligation. This Agreement constitutes a legal, is the valid and binding obligation of PurchaserBuyer, enforceable against Purchaser Buyer in accordance with its termsterms (except to the extent that enforceability may be limited by bankruptcy or insolvency laws or other laws generally relating to creditors' rights, subject, as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and other similar laws and to or by general equitable principles).

Appears in 1 contract

Sources: Asset Purchase Agreement (Digital Data Networks Inc)

Binding Obligation. This Agreement constitutes a legal, valid ------------------ and binding obligation of Purchaser, the Purchaser enforceable against the Purchaser in accordance with its terms, subject, except as to enforceability, to enforceability may be limited by applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and or other similar laws affecting the enforcement of creditors' rights in general and to by general equitable principlesprinciples of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Dillard Asset Funding Co)

Binding Obligation. This Agreement constitutes is a legal, valid and binding obligation of Purchaserthe Buyer, enforceable against Purchaser the Buyer in accordance with its terms, subject, except as enforceability may be subject to enforceability, the exercise of judicial discretion in accordance with general equitable principles and to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation moratorium and other similar laws and for the relief of debtors heretofore or hereafter enacted to general equitable principlesthe extent that the same may be constitutionally applied.

Appears in 1 contract

Sources: Land Disposition Agreement

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of Purchaser, enforceable against Purchaser in accordance with its terms, subject, as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and other similar laws and to general equitable principles.; (f)

Appears in 1 contract

Sources: Purchase Agreement (Prudential Securities Secured Financing Corp)

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of Purchaser, enforceable against Purchaser in accordance with its terms, subject, as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and other similar laws and to general equitable principles.;

Appears in 1 contract

Sources: Purchase Agreement (Prudential Securities Secured Financing Corp)

Binding Obligation. This Agreement constitutes a legal, the valid and ------------------ binding obligation of Purchaser, the Buyer enforceable against Purchaser it in accordance with its terms, subject, except as to enforceability, to applicable they may be affected by bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and other moratorium or similar laws and related to or limiting creditors' rights generally or by general equitable principles.

Appears in 1 contract

Sources: Stock Purchase Agreement (Hines Holdings Inc)

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of Purchaser, enforceable against Purchaser in accordance with its terms, subject, as to enforceability, to applicable bankruptcy, insolvency, reorganization, ,conservatorship, receivership, liquidation and other similar laws and to general equitable principles.

Appears in 1 contract

Sources: Purchase Agreement (Americredit Automobile Receivables Trust 2004-B-M)

Binding Obligation. This The Agreement constitutes issued to such Purchaser is a legalvalid, valid binding and binding enforceable obligation of such Purchaser, enforceable against Purchaser in accordance with its terms, subject, as to enforceability, subject to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and other reorganization or similar laws relating to or affecting the enforcement of creditor’s rights and to general equitable principlesthe availability of the remedy of specific performance.

Appears in 1 contract

Sources: Note Purchase Agreement (Biolex, Inc.)

Binding Obligation. This Agreement constitutes a the legal, valid and binding obligation obligations of Purchaser, the Buyer and/or ▇▇▇▇▇▇▇ enforceable against Purchaser them in accordance with its terms, subject, as to enforceability, subject to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation moratorium and other similar laws affecting creditors' rights generally and to general equitable principles.

Appears in 1 contract

Sources: Shareholder Agreement (Xfone Inc.)

Binding Obligation. This Agreement constitutes a the legal, valid and binding obligation of Purchaser, the Sellers and the Company enforceable against Purchaser each of them in accordance with its terms, subject, as to enforceability, subject to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation moratorium and other similar laws affecting creditors' rights generally and to general equitable principles.

Appears in 1 contract

Sources: Membership Interest Purchase Agreement (Spongetech Delivery Systems Inc)

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of Purchaser, Purchaser enforceable against Purchaser in accordance with its terms, subject, except as to enforceability, to applicable such enforceability may be limited by bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and other moratorium or similar laws of general application affecting the rights and to general equitable principlesremedies of creditors.

Appears in 1 contract

Sources: Purchase and Sale Agreement (AAC Holdings, Inc.)

Binding Obligation. This Agreement constitutes a the legal, valid valid, and binding obligation of Purchaser, Buyer enforceable against Purchaser in accordance with its this Agreement’s terms, subject, as to enforceability, subject to applicable bankruptcy, reorganization, insolvency, reorganization, conservatorship, receivership, liquidation and other or similar laws affecting creditors’ rights generally, and subject to general the application of equitable principlesprinciples in any proceeding involving the enforcement of any of the provisions of this Agreement and the discretion of the court before which any such proceedings may be brought.

Appears in 1 contract

Sources: Asset Purchase Agreement (Coconut Palm Acquisition Corp.)

Binding Obligation. This Agreement constitutes a legal, is the valid and binding obligation of PurchaserBuyers, enforceable against Purchaser Buyers in accordance with its termsterms (except to the extent that enforceability may be limited by bankruptcy or insolvency laws or other laws generally relating to creditors' rights, subject, as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and other similar laws and to or by general equitable principles).

Appears in 1 contract

Sources: Note Purchase Agreement (Nextgen Communications Corp)

Binding Obligation. This Agreement constitutes a legal, valid and ------------------ binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms, subject, as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and or other similar laws affecting the enforcement of creditors' rights generally and to general by equitable principleslimitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 1 contract

Sources: Purchase Agreement (TFC Enterprises Inc)

Binding Obligation. This Agreement constitutes a the legal, valid and binding obligation of Purchaser, the Purchaser enforceable against the Purchaser in accordance with its terms, subject, except as to enforceability, to applicable enforceability may be limited by bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation moratorium and other similar laws and to affecting creditors’ rights generally or by general equitable principlesprinciples of equity.

Appears in 1 contract

Sources: Life Settlement Policies Origination Agreement (Christian Stanley Inc)

Binding Obligation. This Agreement constitutes a the legal, valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms, subject, as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and other similar laws and to general equitable principles.

Appears in 1 contract

Sources: Purchase Agreement (Carmax Auto Receivables LLC)

Binding Obligation. This Agreement constitutes a the legal, valid and binding obligation of Purchaser, Buyer enforceable against Purchaser Buyer in accordance with its terms, subject, except as to enforceability, to applicable limited by bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and insolvency or other similar laws and or general application relating to general equitable principlesthe enforcement of creditors' rights.

Appears in 1 contract

Sources: Net Profits Agreement (Swift Energy Pension Partners 1995 B LTD)

Binding Obligation. This Agreement has been duly executed and delivered by Purchaser and this Agreement constitutes a legal, valid and binding obligation of Purchaser, enforceable against Purchaser the Originators in accordance with its terms, subject, as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and other similar laws affecting the enforcement of the rights of creditors generally and to general equitable principleslimitations on the availability of specific remedies.

Appears in 1 contract

Sources: Transfer Agreement (Ace Sec Corp Wells Fargo Financial Auto Owner Trust 2004-A)

Binding Obligation. This Agreement constitutes a is the legal, valid valid, and binding obligation of PurchaserBuyer (and each f them) , enforceable against Purchaser Buyer in accordance with its terms, subject, except as to enforceability, to applicable enforceability may be limited by bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and or other similar laws and to of general equitable principlesapplication or by general principles of equity.

Appears in 1 contract

Sources: Stock Purchase Agreement (Barnwell Industries Inc)

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms, subject, as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation Debtor Relief Laws and other similar laws and to general equitable principlesprinciples of equity (regardless of whether the application of such principles is considered in a proceeding in equity or at law).

Appears in 1 contract

Sources: Contribution and Sale Agreement (American Railcar Industries, Inc.)

Binding Obligation. This Agreement constitutes a the legal, valid valid, and binding obligation of Purchaser, Buyer enforceable against Purchaser in accordance with its this Agreement's terms, subject, as to enforceability, subject to applicable bankruptcy, reorganization, insolvency, reorganization, conservatorship, receivership, liquidation and other or similar laws affecting creditors' rights generally, and subject to general the application of equitable principlesprinciples in any proceeding involving the enforcement of any of the provisions of this Agreement and the discretion of the court before which any such proceedings may be brought.

Appears in 1 contract

Sources: Asset Purchase Agreement (Eye Span Entertainment Network, Inc.)