Common use of Valid Sale; Binding Obligations Clause in Contracts

Valid Sale; Binding Obligations. This Agreement, when duly executed and delivered, shall constitute legal, valid and binding obligations 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 is considered in a proceeding in equity or at law;

Appears in 77 contracts

Samples: Servicing Agreement (Ally Auto Receivables Trust 2022-3), Servicing Agreement (Ally Auto Receivables Trust 2022-3), Servicing Agreement (Ally Auto Receivables Trust 2022-2)

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Valid Sale; Binding Obligations. This Agreement, when Agreement and the Depositor's Related Documents have been duly executed and delivered, shall and this Agreement and the Depositor's Related Documents constitute legal, valid and binding obligations of the Depositor enforceable in accordance with its their respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors' rights in general generally and by general principles equitable limitations on the availability of equityspecific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law;.

Appears in 7 contracts

Samples: Purchase Agreement (Triad Automobile Receivables Trust 2005-A), Purchase Agreement (Triad Financial Special Purpose LLC), Purchase Agreement (Triad Automobile Receivables Trust 2006-A)

Valid Sale; Binding Obligations. This Agreement, when duly executed and delivered, shall constitute the legal, valid and binding obligations 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 is considered in a proceeding in equity or at law;

Appears in 6 contracts

Samples: Servicing Agreement (Ally Auto Receivables Trust 2024-2), Servicing Agreement (Ally Auto Receivables Trust 2024-2), Servicing Agreement (Ally Auto Receivables Trust 2024-1)

Valid Sale; Binding Obligations. This Agreement, when Agreement and the Depositor’s Related Documents have been duly executed and delivered, shall and this Agreement and the Depositor’s Related Documents constitute legal, valid and binding obligations of the Depositor enforceable in accordance with its their respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors’ rights in general generally and by general principles equitable limitations on the availability of equityspecific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law;.

Appears in 3 contracts

Samples: Purchase Agreement (Triad Financial Special Purpose LLC), Purchase Agreement (Triad Financial Special Purpose LLC), Purchase Agreement (Triad Financial Special Purpose LLC)

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Valid Sale; Binding Obligations. This Agreement, when Agreement and Depositor's Related Documents have been duly executed and delivered, shall and this Agreement and Depositor's Related Documents constitute legal, valid and binding obligations of the Depositor enforceable in accordance with its their respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors' rights in general generally and by general principles equitable limitations on the availability of equityspecific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law;.

Appears in 3 contracts

Samples: Purchase Agreement (Bond Securitization LLC), Purchase Agreement (Triad Auto Receivables Trust 2003-A), Purchase Agreement (Triad Automobile Receivables Trust 2003-B)

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