Common use of Valid Assignment; Binding Obligations Clause in Contracts

Valid Assignment; Binding Obligations. This Agreement, any Subsequent Transfer Agreement and the other Transaction Documents to which First Sierra is a party, when duly executed and delivered, will constitute legal, valid, and binding obligations of First Sierra enforceable against First Sierra in accordance with their respective terms subject as to enforceability to applicable bankruptcy, reorganization, insolvency, moratorium or other laws affecting creditors' rights generally and to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law);

Valid Assignment; Binding Obligations. This Agreement, any Subsequent Transfer Agreement and the other Transaction Documents to which First Sierra is a party, when duly executed and delivered, will constitute legal, valid, and binding obligations of First Sierra enforceable against First Sierra in accordance with their respective terms subject as to enforceability to applicable bankruptcy, reorganization, insolvency, moratorium or other laws affecting creditors' rights generally and to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law);

Valid Assignment; Binding Obligations. This Agreement, any Subsequent Transfer Agreement and the other Transaction Documents to which First Sierra is a party, when duly 6 10 executed and delivered, will constitute legal, valid, and binding obligations of First Sierra enforceable against First Sierra in accordance with their respective terms subject as to enforceability to applicable bankruptcy, reorganization, insolvency, moratorium or other laws affecting creditors' rights generally and to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law);