Common use of Legal, Valid and Binding Obligation Clause in Contracts

Legal, Valid and Binding Obligation. This Supplemental Conveyance constitutes a legal, valid and binding obligation of RPA Seller enforceable against RPA Seller in accordance with its terms, except as such enforceability may be limited by applicable Debtor Relief Laws now or hereinafter in effect and by general principles of equity (whether considered in a suit at law or in equity);

Appears in 10 contracts

Samples: Receivables Purchase Agreement (First National Funding LLC), Receivables Purchase Agreement (First National Funding LLC), Receivables Purchase Agreement (Cabela's Master Credit Card Trust)

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Legal, Valid and Binding Obligation. This Supplemental Conveyance conveyance ----------------------------------- constitutes a legal, valid valid, and binding obligation of such RPA Seller Seller, enforceable against such RPA Seller in accordance with its terms, except as such enforceability may be limited by applicable Debtor Relief Laws now or hereinafter in effect and except as such enforceability may be limited by general principles of equity (whether considered in a suit at or law or in equity);

Appears in 3 contracts

Samples: Receivables Purchase Agreement (Spiegel Inc), Receivables Purchase Agreement (Spiegel Master Trust), Receivables Purchase Agreement (Spiegel Master Trust)

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Legal, Valid and Binding Obligation. This Supplemental Conveyance ----------------------------------- constitutes a legal, valid valid, and binding obligation of RPA Seller Seller, enforceable against RPA Seller in accordance with its terms, except as such enforceability may be limited by applicable Debtor Relief Laws now or hereinafter in effect and except as such enforceability may be limited by general principles of equity (whether considered in a suit at or law or in equity);

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Spiegel Inc), Receivables Purchase Agreement (First Consumers Master Trust)

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