Common use of Validity of Loans Clause in Contracts

Validity of Loans. Each Eligible Loan has been duly executed and delivered and constitutes the legal valid and binding obligation of the maker (and the endorser, if any) thereof, enforceable in accordance with its terms.

Appears in 3 contracts

Samples: Loan Sale and Commitment Agreement (Union Financial Services I Inc), Custodian Agreement (Nelnet Inc), Amended and Restated Agreement (Nelnet Inc)

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Validity of Loans. Each Such Eligible Loan has been duly executed and delivered and constitutes the legal legal, valid and binding obligation of the maker (and the endorser, if any) thereof, enforceable in accordance with its terms.

Appears in 3 contracts

Samples: Loan Purchase Agreement, Loan Purchase Agreement (Goal Capital Funding, LLC), Loan Purchase Agreement (Goal Capital Funding, LLC)

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