Common use of Binding Obligations Clause in Contracts

Binding Obligations. This Agreement and each of the other Transaction Documents to which it is a party constitutes legal, valid and binding obligations of the Servicer, enforceable against the Servicer in accordance with their respective terms, except (i) as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and (ii) as such enforceability may be limited by general principles of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 74 contracts

Sources: Receivables Purchase Agreement (DXC Technology Co), Receivables Financing Agreement (Core Natural Resources, Inc.), Receivables Financing Agreement (Davey Tree Expert Co)

Binding Obligations. This Agreement and each of the other Transaction Basic Documents to which it is a party constitutes constitute legal, valid valid, and binding obligations of the Servicer, Servicer enforceable against the Servicer in accordance with their respective terms, except (i) as such enforceability may be limited by applicable subject to the effects of bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and (ii) as such enforceability may be limited by to general principles of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 33 contracts

Sources: Sale and Servicing Agreement (Credit Acceptance Corp), Sale and Servicing Agreement (Credit Acceptance Corp), Sale and Servicing Agreement (Credit Acceptance Corp)

Binding Obligations. This Agreement and each of the other Transaction Documents to which it the Servicer is a party constitutes legal, valid and binding obligations of the Servicer, enforceable against the Servicer in accordance with their respective terms, except (i) as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and (ii) as such enforceability may be limited by general principles of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 18 contracts

Sources: Receivables Financing Agreement (Oncor Electric Delivery Co LLC), Receivables Financing Agreement (Sylvamo Corp), Receivables Financing Agreement (BrightView Holdings, Inc.)

Binding Obligations. This Agreement and each of the other Transaction Documents to which it the Servicer is a party constitutes a legal, valid and binding obligations obligation of the Servicer, Servicer enforceable against the Servicer in accordance with their respective its terms, except (i) as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or and other similar laws affecting the enforcement of creditors' rights generally and (ii) as such enforceability may be limited or by general principles of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 8 contracts

Sources: Indenture and Servicing Agreement (MCM Capital Group Inc), Indenture and Servicing Agreement (MCM Capital Group Inc), Indenture and Servicing Agreement (MCM Capital Group Inc)

Binding Obligations. This Agreement and each of the other Transaction Documents to which it the Servicer is a party constitutes constitute the legal, valid and binding obligations obligation of the Servicer, Servicer enforceable against the Servicer in accordance with their respective terms, except (i) as enforcement of such enforceability terms may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally Insolvency Laws and (ii) as such enforceability may be limited by general principles of equity, regardless of whether such enforceability is considered in a proceeding suit at law or in equity or at lawequity.

Appears in 7 contracts

Sources: Transfer and Servicing Agreement (American Capital Strategies LTD), Transfer and Servicing Agreement (American Capital Strategies LTD), Transfer and Servicing Agreement (American Capital Strategies LTD)

Binding Obligations. This Agreement constitutes, and each of the other Transaction Documents Document to which it the Servicer is a party constitutes when duly executed and delivered will constitute, a legal, valid and binding obligations obligation of the Servicer, enforceable against the Servicer in accordance with their respective its terms, except (i) as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and (ii) as such enforceability may be limited by general principles of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 7 contracts

Sources: Servicing Agreement, Omnibus Amendment (Domus Holdings Corp), Transfer and Servicing Agreement (Cendant Corp)

Binding Obligations. This Agreement and each of the other Transaction Documents to which it is a party constitutes constitute legal, valid valid, and binding obligations of the Servicer, Servicer enforceable against the Servicer in accordance with their respective terms, except (i) as such enforceability may be limited by applicable subject to the effects of bankruptcy, insolvency, reorganization, moratorium reorganization or other similar laws affecting the enforcement of creditors’ rights generally and (ii) as such enforceability may be limited by to general principles of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law.;

Appears in 6 contracts

Sources: Sale and Servicing Agreement (Santander Drive Auto Receivables LLC), Sale and Servicing Agreement (Drive Auto Receivables LLC), Sale and Servicing Agreement (Santander Drive Auto Receivables Trust 2007-1)

Binding Obligations. This Agreement and each of the other Transaction Basic Documents to which it is a party constitutes constitute legal, valid valid, and binding obligations of the Servicer, Servicer enforceable against the Servicer in accordance with their respective terms, except (i) as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally in general and (ii) as such enforceability may be limited by general principles of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 5 contracts

Sources: Sale and Servicing Agreement (Chase Auto Owner Trust 2005-A), Sale and Servicing Agreement (Chase Auto Owner Trust 2006-A), Sale and Servicing Agreement (JPMorgan Chase Bank, National Association)

Binding Obligations. This Agreement and each of the other Transaction Documents to which it is a party constitutes constitute legal, valid and binding obligations of the Servicer, enforceable against the Servicer in accordance with their respective terms, except (i) as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and (ii) as such enforceability may be limited by general principles of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 4 contracts

Sources: Receivables Financing Agreement (NuStar Energy L.P.), Receivables Financing Agreement (Foresight Energy LP), Receivables Financing Agreement (NuStar Energy L.P.)

Binding Obligations. This Agreement and each of the other Transaction Basic Documents to which it is a party constitutes constitute legal, valid valid, and binding obligations of the Servicer, Servicer enforceable against the Servicer in accordance with their respective terms, except (i) as such enforceability may be limited by applicable subject to the effects of bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors' rights generally and (ii) as such enforceability may be limited by to general principles of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 4 contracts

Sources: Sale and Servicing Agreement (Credit Acceptance Corporation), Sale and Servicing Agreement (Credit Acceptance Corporation), Sale and Servicing Agreement (Credit Acceptance Corporation)

Binding Obligations. This Agreement and each of the other Transaction Documents to which it is a party constitutes legal, valid and binding obligations of the Servicer, enforceable against the Servicer in accordance with their respective terms, except (i) as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, receivership, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and (ii) as such enforceability may be limited by general principles of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 4 contracts

Sources: Receivables Financing Agreement (Traeger, Inc.), Receivables Financing Agreement (Traeger, Inc.), Receivables Financing Agreement (TGPX Holdings I LLC)

Binding Obligations. This Agreement and each of the other Transaction Documents to which it is a party constitutes legal, valid and binding obligations of the Master Servicer, enforceable against the Master Servicer in accordance with their respective terms, except (i) as such enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and (ii) as such enforceability may be limited by general principles 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 (Nabors Industries LTD), Receivables Purchase Agreement (Nabors Industries LTD), Receivables Purchase Agreement (Nabors Industries LTD)

Binding Obligations. This Agreement and each of the other Transaction Documents to which it is a party have been duly executed and delivered and constitutes legal, valid and binding obligations of the Servicer, enforceable against the Servicer in accordance with their respective terms, except (i) as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and (ii) as such enforceability may be limited by general principles of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 3 contracts

Sources: Receivables Purchase Agreement (Warner Bros. Discovery, Inc.), Receivables Purchase Agreement (Warner Bros. Discovery, Inc.), Receivables Purchase Agreement (Warner Bros. Discovery, Inc.)

Binding Obligations. This Each of this Agreement and each of the other Transaction Documents to which it is a party constitutes the legal, valid and binding obligations obligation of the Servicer, Servicer enforceable against the Servicer in accordance with their respective its terms, except subject (i) as such enforceability may be limited by to applicable bankruptcy, insolvency, reorganization, moratorium or and other similar laws affecting the enforcement of creditors’ rights generally from time to time in effect and (ii) as such enforceability may be limited by to general principles of equity, regardless of equity (whether such enforceability enforcement is considered in sought by a proceeding in equity or at law).

Appears in 2 contracts

Sources: Omnibus Amendment (Ingram Micro Inc), Receivables Purchase Agreement (Ingram Micro Inc)

Binding Obligations. This Agreement and each of the other Transaction Documents to which it the Servicer is a party constitutes party, when duly executed and delivered, shall constitute a legal, valid and binding obligations obligation of the Servicer, Servicer enforceable against the Servicer in accordance with their respective its terms, except (i) as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium reorganization or other similar laws affecting the enforcement of creditors’ rights generally in general and (ii) as such enforceability may be limited by general principles of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 2 contracts

Sources: Receivables Financing Agreement (Alliance Laundry Holdings Inc.), Receivables Financing Agreement (ALH Holding Inc.)

Binding Obligations. This Agreement and each of the other Transaction Documents to which it is a party is a party has been duly executed by the Servicer constitutes legal, valid and binding obligations of the Servicer, enforceable against the Servicer in accordance with their respective terms, except (i) as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and (ii) as such enforceability may be limited by general principles of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 2 contracts

Sources: Receivables Financing Agreement (OLIN Corp), Receivables Financing Agreement (OLIN Corp)

Binding Obligations. This Agreement and each of the other Transaction Documents to which it is a party constitutes legal, valid and binding obligations of the Master Servicer, enforceable against the Master Servicer in accordance with their respective terms, except (i) as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and (ii) as such enforceability may be limited by general principles of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 2 contracts

Sources: Receivables Purchase Agreement (Wolverine World Wide Inc /De/), Receivables Purchase Agreement (StarTek, Inc.)

Binding Obligations. This Agreement and each of the other Transaction Documents to which it is a party constitutes the legal, valid and binding obligations of the Servicer, enforceable against the Servicer in accordance with their respective terms, except (i) as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and (ii) as such enforceability may be limited by general principles of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 1 contract

Sources: Receivables Purchase and Financing Agreement (Phillips 66)

Binding Obligations. This Agreement and each of constitutes the other Transaction Documents to which it is a party constitutes legal, valid ------------------- valid, and binding obligations of the Servicer, enforceable against the Servicer in accordance with their respective its terms, except (i) as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws nov or hereinafter in effect affecting the enforcement of creditors' rights generally in general and (ii) except as such enforceability may be limited by general principles of equity, regardless of equity (whether such enforceability is considered in a proceeding at law or in equity or at lawequity).

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Firestone Retail Credit Corp)

Binding Obligations. This Agreement constitutes, and each of the ------------------- other Transaction Documents Document to which it the Servicer is a party constitutes when duly executed and delivered will constitute, a legal, valid and binding obligations obligation of the Servicer, enforceable against the Servicer in accordance with their respective its terms, except (i) as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors' rights generally and (ii) as such enforceability may be limited by general principles 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 (Levi Strauss & Co)

Binding Obligations. This Agreement and each of the other Transaction ------------------- Documents to which it the Servicer is a party constitutes a legal, valid and binding obligations obligation of the Servicer, Servicer enforceable against the Servicer in accordance with their respective its terms, except (i) as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or and other similar laws affecting the enforcement of creditors' rights generally and (ii) as such enforceability may be limited or by general principles of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 1 contract

Sources: Indenture and Servicing Agreement (Creditrust Corp)

Binding Obligations. This Agreement and each of the other Transaction Documents to which it the Servicer is a party has been duly executed and delivered by the Servicer and constitutes legal, valid and binding obligations of the Servicer, enforceable against the Servicer in accordance with their respective terms, except (i) as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and (ii) as such enforceability may be limited by general principles 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 (OLIN Corp)

Binding Obligations. This Agreement and each of the other Transaction Documents to which it the Servicer is a party constitutes legal, valid and binding obligations of the Servicer, enforceable against the Servicer in accordance with their respective terms, except (i) as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and (ii) as such enforceability may be limited by general principles of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law.)

Appears in 1 contract

Sources: Receivables Financing Agreement (Applied Industrial Technologies Inc)

Binding Obligations. This Agreement and each of the other Transaction Documents to which it is a party constitutes legal, valid and binding obligations of the Servicer, enforceable against the Servicer in accordance with their respective terms, except (i) as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and (ii) as such enforceability may be limited by general principles of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law.such

Appears in 1 contract

Sources: Receivables Financing Agreement (Aveanna Healthcare Holdings, Inc.)

Binding Obligations. This Agreement and each of the other Transaction Documents to which it is a party constitutes constitute the legal, valid and binding obligations of the Servicer, enforceable against the Servicer in accordance with their respective terms, except (i) as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and (ii) as such enforceability may be limited by general principles 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 (Harsco Corp)

Binding Obligations. This Agreement and each of the other Transaction Documents to which it the Servicer is a party constitutes constitute the legal, valid and binding obligations obligation of the Servicer, Servicer enforceable against the Servicer in accordance with their respective terms, except (i) as enforcement of such enforceability terms may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally Insolvency Laws and (ii) as such enforceability may be limited by general principles of equity, regardless of whether such enforceability is considered in a proceeding suit at law or in equity or at law.

Appears in 1 contract

Sources: Transfer and Servicing Agreement (American Capital Strategies LTD)

Binding Obligations. This Each of this Agreement and each of the other Transaction Documents to which it is a party constitutes the legal, valid and binding obligations obligation of the Servicer, Servicer enforceable against the Servicer in accordance with their respective its terms, except subject to (i) as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or and other similar laws affecting the enforcement of creditors’ rights generally from time to time in effect and (ii) as such enforceability may be limited by general principles of equity, regardless of equity (whether such enforceability enforcement is considered in sought by a proceeding in equity or at law).

Appears in 1 contract

Sources: Receivables Loan Agreement (Elanco Animal Health Inc)

Binding Obligations. This Agreement constitutes, and each of the other Transaction Documents Document to which it the Servicer is a party constitutes when duly executed and delivered will constitute, a legal, valid and binding obligations obligation of the Servicer, enforceable against the Servicer in accordance with their respective its terms, except (i) as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors' rights generally and (ii) as such enforceability may be limited by general principles of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 1 contract

Sources: Transfer and Servicing Agreement (PHH Corp)