Legal, Valid and Binding Obligation. This Agreement 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 in general and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or equity).
Appears in 11 contracts
Samples: Purchase Agreement (Franklin Receivables Auto Trust 2003-1), Sale and Servicing (TMS Auto Holdings Inc), Subsequent Purchase Agreement (Franklin Receivables LLC)
Legal, Valid and Binding Obligation. This Reassignment Agreement 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 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 6 contracts
Samples: Receivables Sale Agreement (Synchrony Card Issuance Trust), Receivables Sale Agreement, Participation Interest Sale Agreement (Synchrony Financial)
Legal, Valid and Binding Obligation. This Reassignment Agreement ---------------------------------- 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 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 4 contracts
Samples: Transfer and Servicing Agreement (Spiegel Master Trust), Transfer and Servicing Agreement (First Consumers Master Trust), Transfer and Servicing Agreement (Spiegel Master Trust)
Legal, Valid and Binding Obligation. This Agreement 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 in general and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or equity).
Appears in 3 contracts
Samples: Purchase Agreement (Franklin Auto Trust 2004-2), Purchase Agreement (Franklin Auto Trust 2004-1), Purchase Agreement (Franklin Auto Trust 2003-2)
Legal, Valid and Binding Obligation. This Agreement 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 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 Sale Agreement, Receivables Sale Agreement, Receivables Sale Agreement (RFS Holding LLC)
Legal, Valid and Binding Obligation. This Reassignment Agreement 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 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: Transfer and Servicing Agreement (Spiegel Inc), Transfer and Servicing Agreement (First Consumers Master Trust)
Legal, Valid and Binding Obligation. This Agreement 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 in general and except as such enforceability may be limited by general principles principals of equity (whether considered in a suit at law or equity).
Appears in 1 contract
Samples: Sale and Servicing Agreement (Ml Asset Backed Corp)
Legal, Valid and Binding Obligation. This Agreement ----------------------------------- 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 in general and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or equity).
Appears in 1 contract
Samples: Sale and Servicing Agreement (Prudential Securities Secured Financing Corp)
Legal, Valid and Binding Obligation. This Reassignment Agreement 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 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 and Contribution Agreement (GE Capital Credit Card Master Note Trust)