Common use of Legal validity; effective Security Interests Clause in Contracts

Legal validity; effective Security Interests. The Finance Documents to which each Borrower is a party, do now or, as the case may be, will, upon execution and delivery (and, where applicable, registration as provided for in the Finance Documents): (a) constitute that Borrower’s legal, valid and binding obligations enforceable against that Borrower in accordance with their respective terms (having the requisite corporate benefit which is legally and economically sufficient); and (b) create legal, valid and binding Security Interests (having the priority specified in the relevant Finance Document) enforceable in accordance with their respective terms over all the assets to which they, by their terms, relate, subject to any relevant insolvency laws affecting creditors’ rights generally.

Legal validity; effective Security Interests. The Finance Documents to which each the Borrower is a party, do does now or, as the case may be, will, upon execution and delivery (and, where applicable, registration as provided for in the Finance Documents): (a) constitute that the Borrower’s legal, valid and binding obligations enforceable against that the Borrower in accordance with their respective terms (having the requisite corporate benefit which is legally and economically sufficient); and (b) create legal, valid and binding Security Interests (having the priority specified in the relevant Finance Document) enforceable in accordance with their respective terms over all the assets to which they, by their terms, relate, subject to any relevant insolvency laws affecting creditors’ rights generally.

Legal validity; effective Security Interests. The Finance Documents and any Master Agreement to which each the Borrower or any Owner is a party, party do now or, as the case may be, will, upon execution and delivery (and, where applicable, registration as provided for in the Finance Documents): (a) constitute the Borrower's or that Borrower’s Owner's (as the case may be) legal, valid and binding obligations enforceable against the Borrower or that Borrower Owner (as the case may be) in accordance with their respective terms (having the requisite corporate benefit which is legally and economically sufficient)terms; and (b) create legal, valid and binding Security Interests (having the priority specified in the relevant Finance Document) enforceable in accordance with their respective terms over all the assets to which they, by their terms, relate, subject to any relevant insolvency laws affecting creditors’ ' rights generally.

Legal validity; effective Security Interests. The Finance Documents to which the Borrower or, as the case may be, each Borrower Owner is a party, do now or, as the case may be, will, upon execution and delivery (and, where applicable, registration as provided for in the Finance Documents): (a) constitute the Borrower’s or that BorrowerOwner’s legal, valid and binding obligations enforceable against the Borrower or that Borrower Owner in accordance with their respective terms (having the requisite corporate benefit which is legally and economically sufficient); and (b) create legal, valid and binding Security Interests (having the priority specified in the relevant Finance Document) enforceable in accordance with their respective terms over all the assets to which they, by their terms, relate, subject to any relevant insolvency laws affecting creditors’ rights generally.