Common use of Valid and Binding Agreements Clause in Contracts

Valid and Binding Agreements. The Owner Trustee Agreements have been duly authorized, executed and delivered by First Security, in its individual capacity or as Owner Trustee, as the case may be, and constitute the legal, valid and binding obligations of First Security, in its individual capacity and as Owner Trustee, and, assuming the due authorization, execution and delivery thereof by the other party or parties thereto, are enforceable against First Security, in its individual capacity and as Owner Trustee, in accordance with the respective terms thereof, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, receivership, moratorium and other similar Laws affecting the rights of creditors generally and general principles of equity, whether considered in a proceeding at law or in equity.

Valid and Binding Agreements. The Owner Trustee Agreements have been duly authorized, executed and delivered by First SecurityBank, in its individual capacity or as Owner Trustee, as the case may be, and constitute the legal, valid and binding obligations of First SecurityBank, in its individual capacity and as Owner Trustee, and, assuming the due authorization, execution and delivery thereof by the other party or parties thereto, are enforceable against First SecurityBank, in its individual capacity and as Owner Trustee, in accordance with the respective terms thereof, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, receivership, moratorium and other similar Laws affecting the rights of creditors generally and general principles of equity, whether considered in a proceeding at law or in equity.

Valid and Binding Agreements. The Owner Security Trustee Agreements have been duly authorized, executed and delivered by First Security, in its individual capacity or as Owner Trustee, as the case may be, and constitute the legal, valid and binding obligations of First Security, in its individual capacity and as Owner Trustee, Security Trustee Bank and, assuming the due authorization, execution and delivery thereof by the other party or parties thereto, are enforceable against First Securityconstitute the legal, valid and binding obligations of Security Trustee Bank, in its individual capacity or as Security Trustee, as the case may be, and are enforceable against Security Trustee Bank, in its individual capacity or as Owner Security Trustee, as the case may be, in accordance with the respective terms thereof, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, receivership, moratorium and or other similar Laws affecting the rights of creditors generally and general principles of equity, whether considered in a proceeding at law or in equity.