Common use of Binding Obligations Clause in Contracts

Binding Obligations. This Agreement is a legal, valid and binding obligation of the Depositor enforceable in accordance with its terms, subject to the effect of bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and by general equitable principles, regardless of whether such enforceability shall be considered in a proceeding in equity or law.

Appears in 42 contracts

Samples: Trust Agreement (Nissan Auto Receivables 2024-a Owner Trust), Trust Agreement (NISSAN AUTO RECEIVABLES Co II LLC), Trust Agreement (Nissan Auto Receivables 2024-a Owner Trust)

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Binding Obligations. This Agreement is a legal, valid and binding obligation of the Depositor enforceable in accordance with its terms, subject to the effect of bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and by general equitable principles, regardless of whether such enforceability shall be considered in a proceeding in equity or law.

Appears in 37 contracts

Samples: Trust Agreement (Nissan Auto Receivables 2015-C Owner Trust), Trust Agreement (Nissan Auto Receivables 2015-C Owner Trust), Trust Agreement (Nissan Auto Receivables Corp Ii)

Binding Obligations. This Agreement is Agreement, when duly executed and delivered by the other parties hereto, constitutes a legal, valid valid, and binding obligation of the Depositor enforceable against the Depositor in accordance with its terms, subject to except as the effect of enforceability hereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors' rights generally in general and by general equitable principlesprinciples of equity, regardless of whether such enforceability shall be is considered in a proceeding in equity or at law.

Appears in 27 contracts

Samples: Sale and Servicing Agreement (USAA Auto Owner Trust 2006-4), Sale and Servicing Agreement (Bear Stearns Asset Backed Fund Inc Whole Auto Loan Tr 2002-1), Pooling and Servicing Agreement (Bear Stearns Asset Backed Funding Ii Inc)

Binding Obligations. This Agreement is a legal, valid and binding obligation of the Depositor enforceable in accordance with its terms, subject to the effect of bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors' rights generally and by general equitable principles, regardless of whether such enforceability shall be considered in a proceeding in equity or law.

Appears in 21 contracts

Samples: Trust Agreement (Nissan Auto Receivables 2004-B Owner Trust), Trust Agreement (Nissan Auto Receivables 2002 B Owner Trust), Trust Agreement (Nissan Auto Receivables 2001-a Owner Trust)

Binding Obligations. This Agreement is a Agreement, when duly executed and delivered, shall constitute legal, valid and binding obligation obligations of the Depositor enforceable against the Depositor in accordance with its terms, subject to the effect of except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium reorganization or other similar laws affecting the enforcement of creditors' rights generally and by general equitable principleslimitations on the availability of specific remedies, regardless of whether such enforceability shall be is considered in a proceeding in equity or at law.

Appears in 12 contracts

Samples: Trust Agreement (Advanta Automobile Receivables 1998-1), Trust Agreement (Household Auto Receivables Corp), Trust Agreement (Household Auto Receivables Corp)

Binding Obligations. This Agreement is a Agreement, when duly executed and delivered, shall constitute legal, valid and binding obligation obligations of the Depositor enforceable against the Depositor in accordance with its terms, subject to the effect of except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium reorganization or other similar laws affecting the enforcement of creditors’ rights generally and by general equitable principleslimitations on the availability of specific remedies, regardless of whether such enforceability shall be is considered in a proceeding in equity or at law.

Appears in 11 contracts

Samples: Trust Agreement (HSBC Automotive Trust 2005-2), Trust Agreement (HSBC Automotive Trust 2005-1), Trust Agreement (HSBC Auto Receivables Corp)

Binding Obligations. This Agreement is Agreement, when duly executed and delivered by the other parties hereto, constitutes a legal, valid valid, and binding obligation of the Depositor enforceable against the Depositor in accordance with its terms, subject to except as the effect of enforceability hereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally in general and by general equitable principlesprinciples of equity, regardless of whether such enforceability shall be is considered in a proceeding in equity or at law.

Appears in 5 contracts

Samples: Sale and Servicing Agreement (USAA Auto Owner Trust 2008-1), Sale and Servicing Agreement (USAA Auto Owner Trust 2007-1), Sale and Servicing Agreement (Merrill Auto Trust Securitization 2008-1)

Binding Obligations. This Agreement is a Agreement, when duly executed and delivered, shall constitute legal, valid and binding obligation obligations of the Depositor enforceable against the Depositor in accordance with its terms, subject to the effect of except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium reorganization or other similar laws affecting the enforcement of creditors' rights generally and by general equitable principleslimitations on the availability of specific remedies, regardless of whether such enforceability shall be is considered in a proceeding in equity or at law.. (e)

Appears in 3 contracts

Samples: Trust Agreement (Household Automotive Trust Vi Series 2000 3), Trust Agreement (Household Automotive Trust v Series 2000 2), Trust Agreement (Household Automotive Trust Iv Series 2000-1)

Binding Obligations. This Agreement is Agreement, when duly executed and delivered by the other parties hereto, constitutes a legal, valid valid, and binding obligation of the Depositor enforceable against the Depositor in accordance with its terms, subject to except as the effect of enforceability hereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect relating to or affecting creditors' rights generally in general and by general equitable principlesprinciples of equity, regardless of whether such enforceability shall be is considered in a proceeding in equity or at law.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (GS Auto Loan Trust 2006-1), Sale and Servicing Agreement (Gs Auto Loan Trust 2004-1), Sale and Servicing Agreement (GS Auto Loan Trust 2007-1)

Binding Obligations. This Agreement is constitutes a legal, valid valid, and binding obligation of the Depositor enforceable in accordance with its terms, subject to the effect of except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors' rights generally in general and by general equitable principlesprinciples of equity, regardless of whether such enforceability shall be is considered in a proceeding in equity or at law.

Appears in 3 contracts

Samples: Supplement Agreement (Usaa Acceptance LLC), Supplement Agreement (Usaa Acceptance LLC), Supplement Agreement (Usaa Acceptance LLC)

Binding Obligations. This Agreement is a legal, valid and binding obligation of the Depositor enforceable in accordance with its terms, subject to the effect of bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and by general equitable principles, regardless of whether such enforceability shall be considered in a proceeding in equity or law.. (Nissan ______ Amended and Restated Trust Agreement)

Appears in 1 contract

Samples: Trust Agreement (Nissan Auto Receivables Corp Ii)

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Binding Obligations. This Agreement is a legal, valid and binding obligation of the Depositor enforceable in accordance with its terms, subject to the effect of bankruptcy, (Nissan 2005-C Amended and Restated Trust Agreement) insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and by general equitable principles, regardless of whether such enforceability shall be considered in a proceeding in equity or law.

Appears in 1 contract

Samples: Trust Agreement (Nissan Auto Receivables 2005-C Owner Trust)

Binding Obligations. This Agreement is a legal, valid and binding obligation of the Depositor enforceable in accordance with its terms, subject to the effect of bankruptcy, 7 (Nissan 2005-B Amended & Restated Trust Agreement) insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and by general equitable principles, regardless of whether such enforceability shall be considered in a proceeding in equity or law.

Appears in 1 contract

Samples: Trust Agreement (Nissan Auto Receivables 2005-B Owner Trust)

Binding Obligations. This Agreement is a legal, valid and binding obligation of the Depositor enforceable in accordance with its terms, subject to the effect of bankruptcy, 7 (Nissan 2006-A Amended and Restated Trust Agreement) insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and by general equitable principles, regardless of whether such enforceability shall be considered in a proceeding in equity or law.

Appears in 1 contract

Samples: Trust Agreement (Nissan Auto Receivables 2006-a Owner Trust)

Binding Obligations. This Agreement is a Agreement, when duly executed and delivered, shall constitute legal, valid and binding obligation obligations of the Depositor enforceable against the Depositor in accordance with its terms, subject to the effect of except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium reorganization or other similar laws affecting the enforcement of creditors' rights generally and by general be equitable principleslimitations on the availability of specific remedies, regardless of whether such enforceability shall be is considered in a proceeding in equity or at law.

Appears in 1 contract

Samples: Trust Agreement (Advanta Automobile Receivables Trust 1997-2)

Binding Obligations. This Agreement is a Agreement, when duly executed and delivered, shall constitute legal, valid and binding obligation obligations of the Depositor enforceable against the Depositor in accordance with its terms, subject to the effect of except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium reorganization or other similar laws affecting creditors’ the enforcement of creditors rights generally and by general equitable principleslimitations on the availability of specific remedies, regardless of whether such enforceability shall be is considered in a proceeding in equity or at law.

Appears in 1 contract

Samples: Trust Agreement (Household Automotive Trust 2001-1)

Binding Obligations. This Agreement is a legal, valid and binding obligation of the Depositor enforceable in accordance with its terms, subject to the effect of bankruptcy, (Nissan 2006-B Amended & Restated Trust Agreement) insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and by general equitable principles, regardless of whether such enforceability shall be considered in a proceeding in equity or law.

Appears in 1 contract

Samples: Trust Agreement (Nissan Auto Receivables 2006-B Owner Trust)

Binding Obligations. This Agreement is a legal, valid and binding obligation of the Depositor enforceable in accordance with its terms, subject to the effect of bankruptcy, (Nissan [200_-___] Amended and Restated Trust Agreement) insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and by general equitable principles, regardless of whether such enforceability shall be considered in a proceeding in equity or law.

Appears in 1 contract

Samples: Trust Agreement (Nissan Auto Receivables Corp Ii)

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