Valid Sale; Binding Obligations. This Agreement shall evidence a valid sale, transfer, and assignment of the Receivables, enforceable against creditors of and purchasers from the Depositor; and shall evidence a legal, valid, and binding obligation of the Depositor enforceable in accordance with its terms.
Appears in 11 contracts
Samples: Pooling and Servicing Agreement (Uacsc 1997-D Auto Trust), Pooling and Servicing Agreement (Uacsc 1997-C Auto Trust), Pooling and Servicing Agreement (Uacsc 1997-a Auto Trust)
Valid Sale; Binding Obligations. This Agreement shall evidence evidences a valid sale, transfer, and assignment of the Receivables, enforceable against creditors of and purchasers from the DepositorSeller; and shall evidence evidences a legal, valid, and binding obligation of the Depositor Seller enforceable in accordance with its terms.
Appears in 11 contracts
Samples: Trust and Servicing Agreement (Uacsc 2000-a Owner Trust Auto Rec Backed Notes), Trust and Servicing Agreement (Uacsc 2002-a Owner TRST Auto Receivable Back Nt), Trust and Servicing Agreement (Uacsc 2000-D Owner Trust Auto Rec Backed Notes)
Valid Sale; Binding Obligations. This The Agreement shall evidence (A) a valid sale, transfer, transfer and assignment of the Receivables, enforceable against creditors of and purchasers from the Depositor; , and shall evidence (B) a legal, valid, valid and binding obligation of the Depositor enforceable in accordance with its terms.
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Nationscredit Grantor Trust 1997-1), Pooling and Servicing Agreement (Nationscredit Grantor Trust 1997-2), Pooling and Servicing Agreement (Nationscredit Grantor Trust 1997-2)
Valid Sale; Binding Obligations. This Agreement shall evidence a valid sale, transfer, and assignment of the Receivables, enforceable against creditors of and purchasers from the Depositor; and shall evidence a legal, valid, and binding obligation of the Depositor enforceable in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, or other similar laws affecting the enforcement of creditors' rights in general and by general principles of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at law.
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Bay View Securitization Corp), Pooling and Servicing Agreement (Bay View Securitization Corp), Pooling and Servicing Agreement (Bay View Securitization Corp)
Valid Sale; Binding Obligations. This Agreement shall evidence a valid sale, transfer, and assignment of the Receivables, enforceable against creditors of and purchasers from the DepositorSeller; and shall evidence a legal, valid, and binding obligation of the Depositor Seller enforceable in accordance with its terms.
Appears in 2 contracts
Samples: Trust and Servicing Agreement (Uacsc Auto Trusts), Trust and Servicing Agreement (Bay View Securitization Corp)
Valid Sale; Binding Obligations. This Agreement shall evidence a valid sale, transfer, and assignment of the Receivables, enforceable against creditors of and purchasers from the Depositor; and shall evidence a legal, valid, and binding obligation of the Depositor enforceable in accordance with its terms, except as POOLING AND SERVICING AGREEMENT enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors' rights in general and by general principles of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at law.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bay View Deposit CORP)
Valid Sale; Binding Obligations. This The Agreement shall evidence a valid sale, transfer, and assignment of the Receivables, enforceable against creditors of and purchasers from the DepositorSeller; and shall evidence a legal, valid, valid and binding obligation of the Depositor Seller enforceable in accordance with its terms.
Appears in 1 contract
Samples: Standard Terms and Conditions Agreement (Ford Credit Auto Receivables Corp)
Valid Sale; Binding Obligations. This Agreement shall evidence (A) a valid sale, transfer, transfer and assignment of the Receivables, enforceable against creditors of and purchasers from the Depositor; , and shall evidence (B) a legal, valid, valid and binding obligation of the Depositor enforceable in accordance with its terms.
Appears in 1 contract
