Due Authorization and No Violation. This Agreement has been duly authorized, executed and delivered by the Purchaser, and is the legal, valid, binding and enforceable obligation of the Purchaser except as the same may be limited by insolvency, bankruptcy, reorganization or other laws relating to or affecting the enforcement of creditors' rights or by general equity principles.
Appears in 19 contracts
Samples: Purchase Agreement (Ford Credit Auto Owner Trust 2004-A), Purchase Agreement (Ford Credit Auto Receivables Two LLC), Purchase Agreement (Ford Credit Auto Receivables Two L P)
Due Authorization and No Violation. This Agreement has been duly authorized, executed and delivered by the Purchaser, and is the legal, valid, binding and enforceable obligation of the Purchaser except as the same may be limited by insolvency, bankruptcy, bank- ruptcy reorganization or other laws relating to or affecting the enforcement of creditors' rights or by general equity principles.
Appears in 1 contract
Samples: Purchase Agreement (Ford Credit Auto Receivables Two L P)
Due Authorization and No Violation. This Agreement has been duly authorized, executed and delivered by the Purchaser, and is the constitutes a legal, valid, valid and binding and enforceable obligation of the Purchaser except as Purchaser, enforceable in accordance with its terms, subject to the same may be limited by insolvency, bankruptcy, reorganization or other laws relating to or affecting the enforcement of creditors' rights or by general equity principles.effect of
Appears in 1 contract
Samples: Purchase Agreement (Nissan Auto Receivables Corp /De)
