Legal, Valid and Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Seller, enforceable against the Seller 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 except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or equity).
Appears in 11 contracts
Sources: Purchase Agreement (Franklin Receivables Auto Trust 2003-1), Sale and Servicing Agreement (TMS Auto Holdings Inc), Sale and Servicing Agreement (Money Store Auto Trust 1996-2)
Legal, Valid and Binding Obligation. This Reassignment Agreement constitutes a legal, valid and binding obligation of the Seller, Seller enforceable against the Seller 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 except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity).; and
Appears in 6 contracts
Sources: Receivables Sale Agreement (Synchrony Card Issuance Trust), Receivables Sale Agreement, Participation Interest Sale Agreement (Synchrony Financial)
Legal, Valid and Binding Obligation. This Reassignment Agreement ---------------------------------- constitutes a legal, valid and binding obligation of the Seller, Seller enforceable against the Seller 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 except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity).; and
Appears in 4 contracts
Sources: Transfer and Servicing Agreement (First Consumers Master Trust), Transfer and Servicing Agreement (Spiegel Master Trust), Transfer and Servicing Agreement (First Consumers Master Trust)
Legal, Valid and Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Seller, Seller enforceable against the Seller 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 except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity).; and
Appears in 3 contracts
Sources: Receivables Sale Agreement, Receivables Sale Agreement, Receivables Sale Agreement (RFS Holding LLC)
Legal, Valid and Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Seller, enforceable against the Seller 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 except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or equity).
Appears in 3 contracts
Sources: Purchase Agreement (Franklin Auto Trust 2004-2), Purchase Agreement (Franklin Auto Trust 2004-1), Purchase Agreement (Franklin Auto Trust 2003-2)
Legal, Valid and Binding Obligation. This Reassignment Agreement constitutes ---------------------------------- a legal, valid and binding obligation of the Seller, Seller enforceable against the Seller 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 except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity).; and
Appears in 2 contracts
Sources: Transfer and Servicing Agreement (Spiegel Inc), Transfer and Servicing Agreement (First Consumers Master Trust)
Legal, Valid and Binding Obligation. This Agreement ----------------------------------- constitutes a legal, valid and binding obligation of the Seller, enforceable against the Seller 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 except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or equity).
Appears in 1 contract
Sources: Sale and Servicing Agreement (Prudential Securities Secured Financing Corp)
Legal, Valid and Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Seller, enforceable against the Seller 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 except as such enforceability may be limited by general principles principals of equity (whether considered in a suit at law or equity).
Appears in 1 contract
Sources: Sale and Servicing Agreement (Ml Asset Backed Corp)