Common use of Valid and Binding Obligation Clause in Contracts

Valid and Binding Obligation. The Transaction Documents to which the Seller or the Depositor is a party constitute, and when executed by the Seller and the Depositor (if not previously) will constitute, the legal, valid and binding obligations of the Seller and the Depositor, as applicable, enforceable against the Seller and the Depositor in accordance with their respective terms, except as the enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or limiting creditors’ rights generally or general equitable principles, as such relate to the Seller or the Depositor.

Valid and Binding Obligation. The Transaction Documents to which either the Seller or the Depositor is are a party constitute, and when executed by the Seller and the Depositor (if not previously) will constitute, the legal, valid and binding obligations of the Seller and the Depositor, as applicable, enforceable against the Seller and the Depositor in accordance with their respective terms, except as the enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or limiting creditors’ ' rights generally or general equitable principles, as such relate to the Seller or the Depositor.

Valid and Binding Obligation. The Transaction Documents to which the Seller or the Depositor is a party constitute, and when executed by the Seller and the Depositor (if not previously) will constitute, the legal, valid and binding obligations of the Seller and the Depositor, as applicable, enforceable against the Seller and the Depositor in accordance with their respective terms, except as the enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or limiting creditors’ ' rights generally or general equitable principles, as such relate to the Seller or the Depositor.

Valid and Binding Obligation. The Transaction Documents to which the Seller or the Depositor is a party constitute, and when executed by the Seller and or the Depositor (if not previously) will constitute, the legal, valid and binding obligations of the Seller and or the Depositor, as applicable, enforceable against the Seller and the Depositor in accordance with their respective terms, except as the enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or limiting creditors’ ' rights generally or general equitable principles, as such relate to the Seller or the Depositor.