Legal and Binding Obligation. The execution, delivery and performance of this Agreement by Purchaser have been duly authorized by all necessary action, and do not require any member approval or approval or consent of, or notice to, any trustee or holders of indebtedness or obligations of Purchaser; upon due execution and delivery by the parties hereto, this Agreement will constitute the legal, valid and binding obligation of Purchaser, enforceable in accordance with its terms.
Appears in 9 contracts
Samples: Loan Purchase Agreement, Loan Purchase Agreement (Higher Education Funding I), Loan Purchase Agreement (Consolidation Loan Funding Ii, LLC)
Legal and Binding Obligation. The execution, delivery and performance of this Agreement by Purchaser have been duly authorized by all necessary corporate action, and do not require any member stockholder approval or approval or consent of, or notice to, any trustee or holders of indebtedness or obligations of Purchaser; upon due execution and delivery by the parties hereto, this Agreement will constitute the legal, valid and binding obligation of Purchaser, enforceable in accordance with its terms.
Appears in 5 contracts
Samples: Loan Sale and Commitment Agreement (Union Financial Services I Inc), Loan Sale and Commitment Agreement (Union Financial Services I Inc), Loan Sale and Commitment Agreement (Union Financial Services I Inc)
Legal and Binding Obligation. The execution, delivery and performance of this Agreement by Purchaser have been duly authorized by all necessary corporate action, and do not require any member stockholder approval or approval or consent of, or notice to, any trustee or holders of indebtedness or obligations of Purchaser; , upon due execution and delivery by the parties hereto, this Agreement will constitute the legal, valid and binding obligation of Purchaser, enforceable in accordance with its terms.
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