Common use of Binding Obligation Clause in Contracts

Binding Obligation. This Agreement and the other Transaction Documents to which the Servicer is a party constitute legal, valid and binding obligations of the Servicer, enforceable against the Servicer in accordance with their terms, subject, as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and other similar laws and to general equitable principles.

Binding Obligation. This Agreement and the each other Transaction Documents Document to which the Servicer is a party constitute constitutes a legal, valid and binding obligations obligation of the Servicer, Servicer enforceable against the Servicer in accordance with their its respective terms, subject, except as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation such enforceability may be limited by Bankruptcy Laws and other similar laws and to general equitable principlesprinciples of equity (whether considered in a suit at law or in equity).

Binding Obligation. This Agreement and the each other Transaction Documents Document to which the Servicer is a party constitute constitutes a legal, valid and binding obligations obligation of the Servicer, Servicer enforceable against the Servicer in accordance with their its respective terms, subject, except as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation such enforceability may be limited by Insolvency Laws and other similar laws and to general equitable principlesprinciples of equity (whether considered in a suit at law or in equity).

Binding Obligation. This Agreement and the other Transaction Basic Documents to which the Servicer it is a party constitute legal, valid valid, and binding obligations of the Servicer, enforceable against the Servicer in accordance with their terms, subject, as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and other similar laws and to general equitable principles.

Binding Obligation. This Each of this Agreement and the other Transaction Basic Documents to which the Servicer it is a party constitute constitutes a legal, valid and binding obligations obligation of the Servicer, enforceable against the Servicer in accordance with their its respective terms, subject, as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and other similar laws affecting enforcement of the rights of creditors of banks generally and to general equitable principleslimitations on the availability of specific remedies.

Binding Obligation. This Agreement and the each other Transaction Documents Document to which the Servicer is a party constitute constitutes a legal, valid and binding obligations obligation of the Servicer, each enforceable against the Servicer in accordance with their its terms, subject, as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and other similar laws and to general equitable principles.

Binding Obligation. This Agreement and the other Transaction Basic Documents to which the Servicer is a party constitute legal, valid valid, and binding obligations of the Servicer, enforceable against the Servicer in accordance with their terms, subject, as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and other similar laws and to general equitable principles.

Binding Obligation. This Agreement and each of the other Transaction Documents to which the Servicer is a party constitute constitutes a legal, valid and binding obligations obligation of the Servicer, enforceable against the Servicer in accordance with their respective terms, subject, except as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation the enforceability hereof and other similar laws thereof may be limited by Bankruptcy Laws and to by general equitable principlesprinciples of equity.

Binding Obligation. This Agreement and the each other Transaction Documents Document to which the Servicer is a party constitute constitutes a legal, valid and binding obligations obligation of the Servicer, each enforceable against the Servicer in accordance with their its terms, subject, as subject to enforceability, to applicable the effect of bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and or other similar laws affecting the enforcement of creditors’ rights generally and to general equitable principlesprinciples of equity.

Binding Obligation. This Each of this Agreement and the other Transaction Documents Related Agreements to which the Servicer it is a party constitute constitutes a legal, valid and binding obligations obligation of the Servicer, enforceable against the Servicer in accordance with their its respective terms, subject, as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and other similar laws affecting enforcement of the rights of creditors of banks generally and to general equitable principleslimitations on the availability of specific remedies.

Binding Obligation. This Agreement and the other Transaction Basic Documents to which the Servicer is a party constitute legal, valid valid, and binding obligations of the Servicer, enforceable against the Servicer in accordance with their respective terms, subject, as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and other similar laws and to general equitable principles.

Binding Obligation. This Agreement and the other Each Transaction Documents Document to which the Servicer is a party constitute constitutes a legal, valid and binding obligations obligation of the Servicer, Servicer enforceable against the Servicer in accordance with their its respective terms, subject, except as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation such enforceability may be limited by Insolvency Laws and other similar laws and to general equitable principlesprinciples of equity (whether considered in a suit at law or in equity).

Binding Obligation. This Agreement and the each other Transaction Documents Document to which the Servicer is a party constitute constitutes a legal, valid and binding obligations obligation of the Servicer, each enforceable against the Servicer in accordance with their its terms, subjectsubject to any defense, as to enforceabilityif any, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and arising out of a breach or other similar laws and to general equitable principlesaction or inaction of a party thereto other than the Servicer or any Affiliate of the Servicer.

Binding Obligation. This Agreement and the each other Transaction Documents Document to which the Servicer is a party constitute constitutes a legal, valid and binding obligations obligation of the Servicer enforceable against the Servicer, enforceable against the Servicer in accordance with their its respective terms, subject, except as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation such enforceability may be limited by Insolvency Laws and other similar laws and to general equitable principlesprinciples of equity (whether considered in a suit at law or in equity).

Binding Obligation. This Agreement and the other Transaction Basic Documents to which the Servicer is a party constitute legal, valid valid, and binding obligations of the Servicer, enforceable against the Servicer in accordance with their terms, subject, as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and other similar laws and to general equitable principles.to

Binding Obligation. This Agreement and the each other Transaction Documents Document to which the Servicer is a party constitute constitutes a legal, valid and binding obligations obligation of the Servicer, enforceable against the Servicer in accordance with their its terms, subjectexcept as enforceability may be limited by applicable Debtor Relief Laws now or hereinafter in effect, as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation affecting the enforcement of creditors’ rights in general and other similar laws the rights of creditors of national banking associations and to by general equitable principlesprinciples of equity (whether considered in a suit at law or in equity).

Binding Obligation. This Agreement and the other Transaction ------------------ Documents to which the Servicer is a party shall constitute legal, valid and binding obligations of the Servicer, Servicer enforceable against the Servicer in accordance with their respective terms, subject, except as to enforceability, to applicable enforceability may be limited by bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and or other similar laws affecting the enforcement of creditors' rights generally and to general by equitable principles.limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law;

Binding Obligation. This Agreement and the each other Transaction Documents Document to which the Servicer is a party constitute constitutes a legal, valid and binding obligations obligation of the Servicer, Servicer enforceable against the Servicer in accordance with their its respective terms, subject, except as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation such enforceability may be limited by Insolvency Laws and other similar laws and to except as such enforceability may be limited by general equitable principlesprincipals of equity (whether considered in a suit of law or in equity).

Binding Obligation. This Each of this Agreement and the other Transaction Documents Related Agreements to which the Servicer it is a party constitute constitutes a legal, valid and binding obligations obligation of the Servicer, enforceable against the Servicer in accordance with their its respective terms, subject, as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and other similar laws affecting enforcement of the rights of creditors of federally chartered savings associations generally and to general equitable principleslimitations on the availability of specific remedies.

Binding Obligation. This Agreement and the other Transaction Documents to which the Servicer is a party shall constitute legal, valid and binding obligations of the Servicer, Servicer enforceable against the Servicer in accordance with their respective terms, subject, except as to enforceability, to applicable enforceability may be limited by bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and or other similar laws affecting the enforcement of creditors’ rights generally and to general by equitable principleslimitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Binding Obligation. This Agreement and each of the other Transaction Documents to which the Servicer is a party constitute constitutes a legal, valid and binding obligations obligation of the Servicer, enforceable against the Servicer in accordance with their respective terms, subject, except as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation the enforceability hereof and other similar laws thereof may be limited by Bankruptcy Laws and to by general equitable principlesprinciples of equity (whether such enforceability is considered in a proceeding in equity or at law).

Binding Obligation. This Each of this Agreement and the other Transaction Documents Related Agreements to which the Servicer it is a party constitute constitutes a legal, valid and binding obligations obligation of the Servicer, enforceable against the Servicer in accordance with their its respective terms, subject, as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and other similar laws affecting enforcement of the rights of creditors of corporations generally and to general equitable principleslimitations on the availability of specific remedies.

Binding Obligation. This Agreement and the other Transaction Documents to which the Servicer is a party shall constitute legal, valid and binding obligations of the Servicer, Servicer enforceable against the Servicer in accordance with their respective terms, subject, except as to enforceability, to applicable enforceability may be limited by bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and or other similar laws affecting the enforcement of creditors’ rights generally and to general by equitable principles.limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law;

Binding Obligation. This Agreement and the each other Transaction Documents Document to which the Servicer is a party constitute constitutes a legal, valid and binding obligations obligation of the Servicer, enforceable against the Servicer in accordance with their its terms, subject, except as to enforceability, to enforceability may be limited by applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and moratorium or other similar laws now or hereinafter in effect, affecting the enforcement of creditors' rights in general and to general equitable principlesthe rights of creditors of national banking associations.

Binding Obligation. This Agreement and the each other Transaction Documents Document to which the Servicer is a party constitute constitutes a legal, valid and binding obligations obligation of the Servicer, each enforceable against the Servicer in accordance with their its terms, subject, as subject to enforceability, to applicable the effect of bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and or other similar laws affecting the enforcement of creditors' rights generally and to general equitable principlesprinciples of equity.

Binding Obligation. This Agreement and the each other Transaction Documents Document to which the Servicer is a party constitute constitutes a legal, valid and binding obligations obligation of the Servicer, enforceable against the Servicer in accordance with their its terms, subjectexcept as enforceability may be limited by applicable Debtor Relief Laws now or hereinafter in effect, as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation affecting the enforcement of creditors' rights in general and other similar laws the rights of creditors of national banking associations and to by general equitable principlesprinciples of equity (whether considered in a suit at law or in equity).

Binding Obligation. This Agreement and the other Transaction ------------------ Documents to which the Servicer is a party constitute legal, valid and binding obligations of the Servicer, enforceable against the Servicer in accordance with their terms, subject, as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and other similar laws and to general equitable principles.

Binding Obligation. This Agreement and the other Transaction Documents to which the Servicer is a party shall constitute legal, valid and binding obligations of the Servicer, Servicer enforceable against the Servicer in accordance with their respective terms, subject, except as to enforceability, to applicable enforceability may be limited by bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and or other similar laws affecting the enforcement of creditors' rights generally and to general by equitable principleslimitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Binding Obligation. This Agreement and the other Transaction Basic Documents to which the Servicer is a party constitute legal, valid valid, and binding obligations of the Servicer, enforceable against the Servicer in accordance with their terms, subject, as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and other similar laws and to general equitable principles.42 48

Binding Obligation. This Agreement and the each other Transaction Documents Document to which the Servicer is a party constitute constitutes a legal, valid and binding obligations obligation of the Servicer, enforceable against the Servicer in accordance with their its terms, subject, except as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation enforceability may be limited by Debtor Relief Laws and other similar laws and to except as such enforceability may be limited by general equitable principlesprinciples of equity (whether considered in a suit at law or in equity).

Binding Obligation. This Agreement and the other Transaction Documents to which the Servicer is a party party, when duly executed and delivered, shall constitute legal, valid and binding obligations of the Servicer, Servicer enforceable against the Servicer in accordance with their its respective terms, subject, except as to enforceability, to applicable enforceability may be limited by bankruptcy, insolvency, reorganization, conservatorshipmoratorium, receivership, liquidation and other or similar laws and to general equitable principles.affecting the equity, regardless of whether such enforceability is considered in a proceeding in equity or law;

Binding Obligation. This Agreement and the other Transaction Documents to which the Servicer is a party shall constitute legal, valid and binding obligations of the Servicer, Servicer enforceable against the Servicer it in accordance with their respective terms, subject, except as to enforceability, to applicable enforceability may be limited by bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and or other similar laws affecting the enforcement of creditors' rights generally and to general by equitable principles.limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law;

Binding Obligation. This Agreement and the other Transaction Documents to which the Servicer is a party party, when duly executed and delivered, shall constitute the legal, valid and binding obligations of the Servicer, Servicer enforceable against the Servicer in accordance with their respective terms, subject, except as to enforceability, to applicable enforceability may be limited by bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and or other similar laws affecting the enforcement of creditors’ rights in general and to by general equitable principlesprinciples of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Binding Obligation. This Agreement and the other Transaction Documents to which the Servicer is a party shall constitute legal, valid and binding obligations of the Servicer, Servicer enforceable against the Servicer in accordance with their respective terms, subject, except as to enforceability, to applicable enforceability may be limited by bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and or other similar laws affecting the enforcement of creditors' rights generally and to general by equitable principleslimitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Binding Obligation. This Agreement and the other Transaction Basic Documents to which the Servicer is a party constitute legal, valid valid, and binding obligations of the Servicer, enforceable against the Servicer in accordance with their terms, subject, as to enforceability, 44 49 to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and other similar laws and to general equitable principles.

Binding Obligation. This Agreement and the each other Transaction Documents Document to which the Servicer is a party constitute constitutes a legal, valid and binding obligations obligation of the Servicer, Servicer enforceable against the Servicer in accordance with their its respective terms, subject, except as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation such enforceability may be limited by Bankruptcy Laws and other similar laws and to general equitable principles.principles of equity (whether considered in a suit at law or in equity). |US-DOCS\148390876.14||

Binding Obligation. This Agreement and the each other Transaction Documents Document to which the Servicer is a party constitute constitutes a legal, valid and binding obligations obligation of the Servicer, Servicer enforceable against the Servicer in accordance with their its respective terms, subject, as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and other similar laws and to general equitable principles.

Binding Obligation. This Agreement and the other Transaction Basic Documents to which the Servicer is a party constitute legal, valid valid, and binding obligations of the Servicer, enforceable against the Servicer in accordance with their terms, subject, as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and other similar laws and to general equitable principles.accor-

Binding Obligation. This Agreement and the other Transaction Basic Documents to which the Servicer is a party constitute legal, valid valid, and binding obligations of the Servicer, enforceable against the Servicer in accordance with their terms, subject, as to enforceability, to 44 49 applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and other similar laws and to general equitable principles.

Binding Obligation. This Agreement and the other each Transaction Documents Document to which the Servicer is a party party, when duly executed and delivered, shall constitute legal, valid and binding obligations of the Servicer, Servicer enforceable against the Servicer in accordance with their its respective terms, subject, except as to enforceability, to applicable enforceability may be limited by bankruptcy, insolvency, reorganization, conservatorshipmoratorium, receivership, liquidation and other or similar laws and to general equitable principlesaffecting the equity, regardless of whether such enforceability is considered in a proceeding in equity or law.

Binding Obligation. This Agreement and the each other Transaction Documents Document to which the Servicer is a party constitute constitutes a legal, valid and binding obligations obligation of the Servicer, Servicer enforceable against the Servicer in accordance with their its respective terms, subject, except as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and other similar laws and to general equitable principles.such

Binding Obligation. This Each of this Agreement and the other Transaction Documents Related Agreements to which the Servicer it is a party constitute constitutes a legal, valid and binding obligations obligation of the Servicer, enforceable against the Servicer in accordance with their its respective terms, 50 56 subject, as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and other similar laws affecting enforcement of the rights of creditors of banks generally and to general equitable principleslimitations on the availability of specific remedies.