Common use of Legal, Valid and Binding Obligation Clause in Contracts

Legal, Valid and Binding Obligation. This Assignment constitutes a legal, valid and binding obligation of Chase USA enforceable against Chase USA in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' rights in general and the rights of creditors of banking associations and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity).

Appears in 14 contracts

Sources: Assignment of Receivables (Chase Manhattan Bank Usa), Assignment of Receivables (Chase Manhattan Bank /Ny/), Assignment of Receivables (Chase Credit Card Master Trust)

Legal, Valid and Binding Obligation. This Assignment constitutes a legal, valid and binding obligation of Chase USA enforceable against Chase USA in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' rights in general and the rights of creditors of banking associations and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity).;

Appears in 6 contracts

Sources: Receivables Purchase Agreement (Chase Card Funding LLC), Receivables Purchase Agreement, Receivables Purchase Agreement (Chase Issuance Trust)

Legal, Valid and Binding Obligation. This The Assignment constitutes a legal, valid and binding obligation of Chase USA enforceable against Chase USA in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' rights in general and the rights of creditors of banking associations and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity).;

Appears in 6 contracts

Sources: Receivables Purchase Agreement (Chase Card Funding LLC), Receivables Purchase Agreement, Receivables Purchase Agreement (Chase Issuance Trust)

Legal, Valid and Binding Obligation. This Assignment Reassignment constitutes a legal, valid and binding obligation of Chase USA enforceable against Chase USA USA, in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' rights in general and the rights of creditors of banking associations and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity).;

Appears in 6 contracts

Sources: Receivables Purchase Agreement (Chase Bank Usa, National Association), Receivables Purchase Agreement (Chase Card Funding LLC), Receivables Purchase Agreement

Legal, Valid and Binding Obligation. This Assignment constitutes a legal, valid and binding obligation of Chase USA enforceable against Chase USA in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' rights in general and the rights of creditors of banking associations and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity).

Appears in 4 contracts

Sources: Pooling and Servicing Agreement (First Usa Credit Card Master Trust), Assignment of Receivables (Chase Credit Card Master Trust), Assignment of Receivables (Chase Bank Usa, National Association)

Legal, Valid and Binding Obligation. This Assignment constitutes a legal, valid and binding obligation of Chase USA enforceable en- forceable against Chase USA in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvencyinsol- vency, reorganization, moratorium or other similar laws now or hereafter here- after in effect affecting the enforcement of creditors' rights in general and the rights of creditors of banking associations and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity).

Appears in 3 contracts

Sources: Assignment of Receivables (Chase Credit Card Master Trust), Assignment of Receivables (Chase Credit Card Master Trust), Assignment of Receivables (Chase Credit Card Master Trust)

Legal, Valid and Binding Obligation. This Assignment ----------------------------------- constitutes a legal, valid and binding obligation of Chase USA enforceable against Chase USA in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' rights in general and the rights of creditors of [banking associations associations] and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity).

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Chase Manhattan Bank Usa), Pooling and Servicing Agreement (Chase Manhattan Bank Usa)

Legal, Valid and Binding Obligation. This The Assignment constitutes ----------------------------------- a legal, valid and binding obligation of Chase USA USA, enforceable against Chase USA in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' rights in general and the rights of creditors of (banking associations associations) and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity).

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Chase Manhattan Bank Usa), Pooling and Servicing Agreement (Chase Manhattan Bank Usa)

Legal, Valid and Binding Obligation. This Assignment constitutes a legal, valid and binding obligation of Chase USA enforceable against Chase USA in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' rights in general and the rights of creditors of national banking associations and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity).

Appears in 2 contracts

Sources: Assignment of Receivables (Chase Credit Card Master Trust), Pooling and Servicing Agreement (First Usa Credit Card Master Trust)

Legal, Valid and Binding Obligation. This Assignment ----------------------------------- constitutes a legal, valid and binding obligation of Chase USA enforceable against Chase USA in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' rights in general and the rights of creditors of banking associations and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity).

Appears in 1 contract

Sources: Assignment of Receivables (Chase Manhattan Bank Usa)

Legal, Valid and Binding Obligation. This Assignment constitutes a legal, valid and binding obligation of Chase USA enforceable against Chase USA in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganizationreorganiza tion, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' rights in general and the rights of creditors of banking associations and except as such enforceability may be limited by general gener al principles of equity (whether considered in a suit at law or in equity).

Appears in 1 contract

Sources: Assignment of Receivables (Chase Credit Card Master Trust)

Legal, Valid and Binding Obligation. This Assignment constitutes a legal, valid and binding obligation of Chase USA enforceable en forceable against Chase USA in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvencyinsol vency, reorganization, moratorium or other similar laws now or hereafter here after in effect affecting the enforcement of creditors' rights in general and the rights of creditors of banking associations and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity).

Appears in 1 contract

Sources: Assignment of Receivables (Chase Manhattan Bank /Ny/)

Legal, Valid and Binding Obligation. This The Assignment constitutes ----------------------------------- a legal, valid and binding obligation of Chase USA USA, enforceable against Chase USA in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' rights in general and the rights of creditors of banking associations and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity).

Appears in 1 contract

Sources: Assignment of Receivables (Chase Manhattan Bank Usa)