Common use of Enforceability of Facility Documents Clause in Contracts

Enforceability of Facility Documents. Each of the Facility Documents to which the Seller is a party has been duly and validly executed and delivered by the Seller and constitutes the legal, valid and binding obligation of the Seller, enforceable against it in accordance with its respective terms, except as enforceability may be subject to or limited by Debtor Relief Laws or by general principles of equity (whether considered in a suit at law or in equity).

Appears in 3 contracts

Samples: Master Loan Purchase Agreement, Master Loan Purchase Agreement (Wyndham Worldwide Corp), Master Loan Purchase Agreement (Cendant Corp)

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Enforceability of Facility Documents. Each of the Facility Documents to which the Seller is a party has have been duly and validly executed and delivered by the Seller and constitutes constitute the legal, valid and binding obligation obligations of the Seller, enforceable Seller enforce- able against it the Seller in accordance with its their respective terms, except as enforceability may be subject to or limited by Debtor Relief Laws or by general principles of equity (whether considered in a suit at law or in equity).

Appears in 1 contract

Samples: Loan Agreement (Ag Services of America Inc)

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