Authorization of Trust Agreement. The Trust Agreement has been duly authorized by the Company and duly qualified under the 1939 Act and, when validly executed and delivered by the Company and the Administrative Trustees, and assuming the due authorization, execution and delivery of the Trust Agreement by the Delaware Trustee and the Property Trustee, the Trust Agreement will constitute a valid and binding agreement of the Company and the Trustees, enforceable against the Company and the Trustees in accordance with its terms, (A) except as enforcement thereof may be limited by (i) bankruptcy, insolvency (including, without limitation, all laws relating to fraudulent transfers), reorganization, moratorium or similar laws affecting enforcement of creditors' rights generally and (ii) the effect of applicable public policy on the enforceability of provisions relating to indemnification or contribution and (B) except as enforcement thereof is subject to general principles of equity (regardless of whether enforcement is considered in a proceeding in equity or at law).
Authorization of Trust Agreement. The Trust Agreement has been duly authorized by the Company and, at the time of purchase, will have been executed and delivered by the Company, as Grantor, and, assuming due authorization, execution and delivery of the Trust Agreement by the Trustee, the Trust Agreement will, at the time of purchase, be a valid and binding obligation of the Company enforceable against it in accordance with its terms, except to the extent that enforcement thereof may be limited by bankruptcy, insolvency (including, without limitation, all laws relating to fraudulent transfers), reorganization, moratorium or similar laws affecting enforcement of creditors' rights generally and except to the extent that enforcement thereof is subject to general principles of equity (regardless of whether enforcement is considered in a proceeding in equity or at law) (the "Bankruptcy Exceptions"); and, at the time of purchase, the Trust Agreement will have been duly qualified under the Trust Indenture Act.
Authorization of Trust Agreement. The Trust Agreement has -------------------------------- been duly authorized by the Company and, at Closing Time, will have been duly executed and delivered by the Company and the Trustees, and assuming due authorization, execution and delivery of the Trust Agreement by the Trustees, the Trust Agreement will, at Closing Time, be a valid and binding obligation of the Offerors, enforceable against the Offerors in accordance with its terms, except to the extent that enforcement thereof may be limited by the receivership, conservatorship and supervisory powers of bank regulatory agencies generally as well as to bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors' rights generally or by general principles of equity (regardless of whether enforcement is considered in a proceeding at law or in equity) and the availability of equitable remedies (collectively, the "Enforceability Exceptions").
Authorization of Trust Agreement. The Trust Agreement has been duly authorized by the Company and, at the Closing Time, will have been executed and delivered by the Company, as Grantor, and, assuming due authorization, execution and delivery of the Trust Agreement by the Trustee, the Trust Agreement will, at the Closing Time, be a valid and binding obligation of the Company enforceable against it in accordance with its terms, except to the extent that enforcement thereof may be limited by bankruptcy, insolvency (including, without limitation, all laws relating to fraudulent transfers), reorganization, moratorium or similar laws affecting enforcement of creditors' rights generally and except to the extent that enforcement thereof is subject to general principles of equity (regardless of whether enforcement is considered in a proceeding in equity or at law) (the "BANKRUPTCY EXCEPTIONS"); and, at the Closing Time, the Trust Agreement will have been duly qualified under the 1939 Act.
Authorization of Trust Agreement. The Trust Agreement has been duly authorized by LaSalle Funding and, at the Closing Time, will have been executed and delivered by LaSalle Funding, as sponsor, and, assuming due authorization, execution and delivery of the Trust Agreement by the Issuer Trustees, the Trust Agreement will, at the Closing Time, and at each Date of Delivery, if any, be a valid and binding obligation of LaSalle Funding enforceable against LaSalle Funding in accordance with its terms, except to the extent that enforcement thereof may be limited by bankruptcy, insolvency (including, without limitation, all laws relating to fraudulent transfers), reorganization, moratorium or similar laws affecting enforcement of creditors' rights generally and except to the extent that enforcement thereof is subject to general principles of equity (regardless of whether enforcement is considered in a proceeding in equity or at law) (the "Bankruptcy Exceptions"), and will conform in all material respects to all statements relating thereto in the Prospectus; and, at the Closing Time, the Trust Agreement will have been duly qualified under the 1939 Act.
Authorization of Trust Agreement. The Trust Agreement has been duly authorized by each of Popular and PNA, is duly qualified under the 1939 Act and, at the Closing Time, will be duly executed and delivered by Popular, PNA and the Administrative Trustees and, assuming the due authorization, execution and delivery of the Trust Agreement by the Delaware Trustee and the Property Trustee, will constitute a valid and legally binding instrument of each of Popular, PNA and the Administrative Trustees, enforceable against each of Popular, PNA and the Administrative Trustees in accordance with its terms, subject to bankruptcy, insolvency, fraudulent transfers, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors' rights and to general equity principles.
Authorization of Trust Agreement. The Trust Agreement has been qualified under the 1939 Act and has been duly authorized by the Company and, at the Closing Time, will have been duly executed and delivered by the Company and the Trustees, assuming due authorization, execution and delivery of the Trust Agreement by the Trustees, the Trust Agreement will, at the Closing Time and any Date of Delivery, be a valid and binding agreement of the Company, enforceable against the Company in accordance with its terms, except to the extent that enforceability may be limited by the Enforceability Exceptions.
Authorization of Trust Agreement. The Trust Agreement has been duly authorized by the Company and, at the Closing Time, will have been executed and delivered by the Company, as Grantor, and, assuming due authorization, execution and delivery of the Trust Agreement by the Trustee, the Trust Agreement will, at the Closing Time, be a valid and binding obligation of the Company enforceable against it in accordance with its terms, except to the extent that enforcement thereof may be limited by bankruptcy, insolvency (including, without limitation, all laws relating to fraudulent transfers), reorganization, moratorium or similar laws affecting enforcement of creditors' rights generally and
Authorization of Trust Agreement. All necessary corporate action has been duly and validly taken by the Company to authorize the execution, delivery and performance of the Trust Agreement. The Trust Agreement has been duly authorized by the Company and, at the Closing Time, will have been duly executed and delivered by the Company and the Trustees, and assuming due authorization, execution and delivery of the Trust Agreement by the Trustees, the Trust Agreement will, at the Closing Time, be a valid and binding obligation of the Offerors, enforceable against the Offerors in accordance with its terms, except as the enforceability thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors' rights generally and by general equitable principles; and at the Closing Time, the Trust Agreement will have been duly qualified under the Trust Indenture Act.
Authorization of Trust Agreement. The Trust Agreement has been qualified under the 1939 Act and has been duly authorized by the Company and, at the Closing Time, will have been duly executed and delivered by the Company and the Trustees, and assuming due authorization, execution and delivery of the Trust Agreement by the Trustees, the Trust Agreement will, at the Closing Time, be a valid and binding agreement of the Company, enforceable against the Company in accordance with its terms, except to the extent that enforceability may be limited by (a) bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance or other similar laws now or hereafter in effect relating to creditors' rights generally, (b) general principles of equity (regardless of whether enforceability is considered in a proceeding at law or in equity) and (c) any public policy underlying applicable federal or state laws (collectively, the "Enforceability Exceptions").
