ACCOUNT LOAN ENFORCEABILITY. All Account Loans transferred to Buyer pursuant to the terms of this Agreement are valid and enforceable subject to applicable bankruptcy, insolvency, receivership, and similar laws affecting creditors' rights generally, and, as to enforceability, to general principles of equity (whether enforcement is sought in a proceeding in equity or at law).
Appears in 4 contracts
Samples: Purchase Assets and Assume Liabilities (Bank Plus Corp), Agreement to Purchase (Bank Plus Corp), Mortgage Loan Purchase Agreement (Bank Plus Corp)
ACCOUNT LOAN ENFORCEABILITY. All Account Loans transferred to Buyer pursuant to the terms of this Agreement are valid and enforceable subject to applicable bankruptcy, insolvency, receivership, and similar laws affecting creditors' rights generally, and, as to enforceability, to general principles of equity (whether enforcement is sought in a proceeding in equity or at law). None of the Account Loans is subject to any claim, third party claim, defense, counterclaim, or bankruptcies.
Appears in 1 contract
Samples: Agreement (Bank Plus Corp)
