Legal, Valid and Binding Obligation. This Reassignment constitutes a legal, valid and binding obligation of the Seller, enforceable against the Seller in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' rights generally and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity);
Appears in 19 contracts
Samples: Pooling and Servicing Agreement (Distribution Financial Services Floorplan Master Trust), Pooling and Servicing Agreement (Daimlerchrysler Wholesale Receivables LLC), Receivables Contribution and Sale Agreement (Distribution Financial Services Floorplan Master Trust)
Legal, Valid and Binding Obligation. This Reassignment Assignment constitutes a legal, valid and binding obligation of the Seller, enforceable against the Seller in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' rights generally in general and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity);
Appears in 14 contracts
Samples: Pooling and Servicing Agreement (Daimlerchrysler Wholesale Receivables LLC), Receivables Purchase Agreement (Green Tree Financial Corp), Sale and Servicing Agreement (Daimlerchrysler Master Owner Trust)
Legal, Valid and Binding Obligation. This Reassignment Assignment constitutes a legal, valid and binding obligation of the Seller, enforceable against the Seller in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' , rights generally in general and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity);
Appears in 8 contracts
Samples: Receivables Contribution and Sale Agreement (Deutsche Floorplan Receivables L P), Pooling and Servicing Agreement (CDF Funding, Inc.), Receivables Contribution and Sale Agreement (Distribution Financial Services Floorplan Master Trust)
Legal, Valid and Binding Obligation. This Reassignment constitutes a legal, valid and binding obligation of the Seller, Seller enforceable against the Seller in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' ’ rights generally in general and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity);; and
Appears in 8 contracts
Samples: Receivables Purchase and Contribution Agreement (CDF Funding, Inc.), Receivables Sale Agreement (CDF Funding, Inc.), Receivables Sale Agreement (CDF Funding, Inc.)
Legal, Valid and Binding Obligation. This Reassignment Assignment constitutes a legal, valid and binding obligation of the Seller, such Seller enforceable against the such Seller in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' ’ rights generally and except as such enforceability may be limited by general principles of equity (whether considered from time to time in a suit at law or in equity)effect;
Appears in 5 contracts
Samples: Pooling and Servicing Agreement (Citibank, N.A., as Depositor of Citibank Credit Card Issuance Trust), Pooling and Servicing Agreement (Citibank, N.A., as Depositor of Citibank Credit Card Issuance Trust), Pooling and Servicing Agreement (Citibank, N.A., as Depositor of Citibank Credit Card Issuance Trust)
Legal, Valid and Binding Obligation. This Reassignment constitutes a legal, valid and binding obligation of the such Seller enforceable against such Seller, enforceable against the Seller in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' ’ rights generally and except as such enforceability may be limited by general principles of equity (whether considered from time to time in a suit at law or in equity);effect; and
Appears in 5 contracts
Samples: Pooling and Servicing Agreement (Citibank, N.A., as Depositor of Citibank Credit Card Issuance Trust), Pooling and Servicing Agreement (Citibank, N.A., as Depositor of Citibank Credit Card Issuance Trust), Pooling and Servicing Agreement (Citibank, N.A., as Depositor of Citibank Credit Card Issuance Trust)
Legal, Valid and Binding Obligation. This Reassignment Assignment constitutes a legal, valid and binding obligation of the Seller, enforceable against the Seller in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' rights generally in general and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity);.
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Carco Auto Loan Master Trust), Pooling and Servicing Agreement (Daimlerchrysler Wholesale Receivables LLC), Pooling and Servicing Agreement (Daimlerchrysler Wholesale Receivables LLC)
Legal, Valid and Binding Obligation. This Reassignment constitutes a legal, valid and binding obligation of the Seller, Seller enforceable against the Seller in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, receivership, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of relating to creditors' rights generally and except as such enforceability may be limited by or general principles of equity (whether considered in a suit proceeding at law or in equity);) and the discretion of the court before which any proceeding therefor may be brought; and
Appears in 4 contracts
Samples: Reassignment of Receivables (Citibank Omni-S Master Trust), Reassignment of Receivables (Citibank Omni-S Master Trust), Reassignment of Receivables (Citibank Omni-S Master Trust)
Legal, Valid and Binding Obligation. This Reassignment Assignment constitutes a ----------------------------------- legal, valid and binding obligation of the Seller, enforceable against the Seller in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' rights generally in general and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity);
Appears in 4 contracts
Samples: Receivables Purchase Agreement (Greentree Floorplan Funding Corp), Pooling and Servicing Agreement (Greentree Floorplan Funding Corp), Pooling and Servicing Agreement (Greentree Floorplan Funding Corp)
Legal, Valid and Binding Obligation. This Reassignment constitutes a ----------------------------------- legal, valid and binding obligation of the Seller, enforceable against the Seller in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' rights generally and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity);
Appears in 4 contracts
Samples: Receivables Purchase Agreement (Greentree Floorplan Funding Corp), Pooling and Servicing Agreement (Greentree Floorplan Funding Corp), Pooling and Servicing Agreement (Greentree Floorplan Funding Corp)
Legal, Valid and Binding Obligation. This Reassignment constitutes a legal, valid and binding obligation of the Seller, Seller enforceable against the Seller in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' rights generally in general and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity);; and
Appears in 3 contracts
Samples: Receivables Purchase and Contribution Agreement (CDF Funding, Inc.), Receivables Sale Agreement (CDF Funding, Inc.), Receivables Purchase and Contribution Agreement (CDF Funding, Inc.)
Legal, Valid and Binding Obligation. This Reassignment ----------------------------------- constitutes a legal, valid and binding obligation of the Seller, enforceable against the Seller in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' rights generally and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity)) and the availability of equitable remedies;
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Bombardier Receivables Master Trust I), Receivables Purchase Agreement (Bombardier Credit Receivables Corp)
Legal, Valid and Binding Obligation. This Reassignment constitutes a legal, valid and binding obligation of the Seller, Seller enforceable against the Seller in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' rights generally in general and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity);.
Appears in 2 contracts
Samples: Base Indenture (A I Receivables Transfer Corp), Sale and Servicing Agreement (A I Receivables Transfer Corp)
Legal, Valid and Binding Obligation. This Reassignment ----------------------------------- constitutes a legal, valid and binding obligation of the Seller, enforceable against the Seller in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' rights generally and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity);
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Deutsche Floorplan Receivables L P), Receivables Contribution and Sale Agreement (Deutsche Floorplan Receivables L P)
Legal, Valid and Binding Obligation. This Reassignment Designation constitutes a legal, valid and binding obligation of the Seller, Seller enforceable against the Seller in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' ’ rights generally in general and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity);; and
Appears in 2 contracts
Samples: Receivables Sale Agreement (GE Capital Credit Card Master Note Trust), Receivables Sale Agreement (GE Capital Credit Card Master Note Trust)
Legal, Valid and Binding Obligation. This Reassignment Assignment constitutes ----------------------------------- a legal, valid and binding obligation of the Seller, enforceable against the Seller in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' , rights generally in general and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity);
Appears in 2 contracts
Samples: Receivables Contribution and Sale Agreement (Deutsche Floorplan Receivables L P), Pooling and Servicing Agreement (Deutsche Floorplan Receivables L P)
Legal, Valid and Binding Obligation. This Reassignment Assignment constitutes a ---------------------------------- legal, valid and binding obligation of the Seller, Seller enforceable against the Seller in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, receivership or conservatorship, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' rights generally in general and the rights of creditors of national banking associations and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity);
Appears in 2 contracts
Samples: Transfer and Servicing Agreement (First Consumers Master Trust), Transfer and Servicing Agreement (Spiegel Inc)
Legal, Valid and Binding Obligation. This Reassignment constitutes a legal, valid and binding obligation of the Seller, enforceable against the Seller in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' rights generally and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity)) and the availability of equitable remedies;
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Bombardier Receivables Master Trust I), Receivables Purchase Agreement (Bombardier Credit Receivables Corp)
Legal, Valid and Binding Obligation. This Reassignment Assignment constitutes ---------------------------------- a legal, valid and binding obligation of the Seller, Seller enforceable against the Seller in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' rights generally in general and the rights of creditors of national banking associations and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity);
Appears in 1 contract
Samples: Transfer and Servicing Agreement (Spiegel Master Trust)
Legal, Valid and Binding Obligation. This Reassignment Assignment constitutes a legal, valid and binding obligation of the Seller, enforceable against the Seller in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' rights generally in general and the rights of creditors of national banking associations and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity);
Appears in 1 contract
Samples: Pooling and Servicing Agreement (National City Credit Card Master Trust)
Legal, Valid and Binding Obligation. This Reassignment constitutes a legal, valid v alid and binding obligation of the Seller, enforceable against the Seller in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' rights generally and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity);
Appears in 1 contract
Samples: Sale and Servicing Agreement (Daimlerchrysler Wholesale Receivables LLC)
Legal, Valid and Binding Obligation. This Reassignment Assignment ---------------------------------- constitutes a legal, valid and binding obligation of the Seller, Seller enforceable against the Seller in accordance with its terms, except as such enforceability may be limited by applicable bankruptcyreceivership or conservatorship, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' rights generally in general and the rights of creditors of national banking associations and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity);
Appears in 1 contract
Samples: Transfer and Servicing Agreement (First Consumers Master Trust)
Legal, Valid and Binding Obligation. This Reassignment Assignment constitutes ----------------------------------- a legal, valid and binding obligation of the Seller, enforceable against the Seller in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' rights generally in general and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity)) and the availability of equitable remedies;
Appears in 1 contract
Samples: Receivables Purchase Agreement (Bombardier Receivables Master Trust I)
Legal, Valid and Binding Obligation. This Reassignment Assignment constitutes a legal, valid and binding obligation of the Seller, such Seller enforceable against the such Seller in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' rights generally and except as such enforceability may be limited by from time to time in effect or general principles of equity (whether considered in a suit at law or in equity);
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Household Affinity Funding Corp)
Legal, Valid and Binding Obligation. This Reassignment constitutes a legal, valid and binding obligation of the Seller, enforceable against the Seller in C-2 accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' rights generally and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity);
Appears in 1 contract
Samples: Receivables Purchase Agreement (Green Tree Financial Corp)
Legal, Valid and Binding Obligation. This Reassignment Assignment constitutes a ---------------------------------- legal, valid and binding obligation of the Seller, Seller enforceable against the Seller in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' rights generally in general and the rights of creditors of national banking associations and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity);
Appears in 1 contract
Samples: Transfer and Servicing Agreement (Spiegel Master Trust)
Legal, Valid and Binding Obligation. This Reassignment Assignment constitutes ----------------------------------- a legal, valid and binding obligation of the Seller, enforceable against the Seller in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' rights generally in general and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity);
Appears in 1 contract
Samples: Receivables Purchase Agreement (Ford Credit Auto Receivables LLC)
Legal, Valid and Binding Obligation. This Reassignment Assignment constitutes a ---------------------------------- legal, valid and binding obligation of the Seller, Seller enforceable against the Seller in accordance with its terms, except as such enforceability may be limited by applicable bankruptcyreceivership or conservatorship, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' rights generally in general and the rights of creditors of national banking associations and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity);
Appears in 1 contract
Samples: Transfer and Servicing Agreement (First Consumers Master Trust)
Legal, Valid and Binding Obligation. This Reassignment constitutes a legal, valid and binding obligation of the Seller, enforceable against the Seller in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the the, enforcement of creditors' rights generally and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity);
Appears in 1 contract
Samples: Master Custodial and Servicing Agreement (Chrysler Financial Corp)
Legal, Valid and Binding Obligation. This Reassignment Assignment constitutes a legal, valid and binding obligation of the Seller, Seller enforceable against the Seller in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' rights generally in general and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity);; (b)
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Neiman Marcus Group Inc)
Legal, Valid and Binding Obligation. This Reassignment constitutes a legal, valid and binding obligation of the Seller, Seller enforceable against the Seller Seller, in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' rights generally in general and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity);; (b)
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Neiman Marcus Group Inc)
Legal, Valid and Binding Obligation. This Reassignment Assignment constitutes a legal, valid and binding obligation of the Seller, enforceable against the Seller in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' ’ rights generally in general and the rights of creditors of national banking associations and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity);
Appears in 1 contract
Samples: Pooling and Servicing Agreement (National City Credit Card Master Trust)
Legal, Valid and Binding Obligation. This Reassignment Assignment constitutes a legal, valid and binding obligation of the Seller, such Seller enforceable against the such Seller in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' rights generally and except as such enforceability may be limited by general principles of equity (whether considered from time to time in a suit at law or in equity)effect;
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Citibank South Dakota N A)
Legal, Valid and Binding Obligation. This Reassignment constitutes a legal, valid and binding obligation of the such Seller enforceable against such Seller, enforceable against the Seller in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' rights generally and except as such enforceability may be limited by general principles of equity (whether considered from time to time in a suit at law or in equity);effect; and
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Citibank South Dakota N A)
Legal, Valid and Binding Obligation. This Reassignment constitutes a legal, valid and binding obligation of the Seller, Seller enforceable against the Seller Seller, in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' rights generally and except as such enforceability may be limited by general principles of equity (whether considered from time to time in a suit at law or in equity);effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Household Affinity Funding Corp)
Legal, Valid and Binding Obligation. This Reassignment ----------------------------------------- constitutes a legal, valid and binding obligation of the Seller, enforceable against the Seller in accordance with its terms, terms except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' rights generally and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity);
Appears in 1 contract
Samples: Receivables Purchase Agreement (Ford Credit Auto Receivables LLC)
Legal, Valid and Binding Obligation. This Reassignment Assignment constitutes a legal, valid and binding obligation of the Seller, Seller enforceable against the Seller in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' rights generally in general and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity);.
Appears in 1 contract
Samples: Receivable Purchase Agreement (American Express Centurion Bank)
