Common use of Valid Sale; Binding Obligations Clause in Contracts

Valid Sale; Binding Obligations. This Agreement and Seller’s Related Documents have been duly executed and delivered, shall effect a valid sale, transfer and assignment of the Receivables and the Other Conveyed Property to the Purchaser, enforceable against Seller and creditors of and purchasers from Seller; and this Agreement and Seller’s Related Documents constitute legal, valid and binding obligations of Seller enforceable in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors’ rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 191 contracts

Samples: Purchase Agreement (AmeriCredit Automobile Receivables Trust 2024-1), Purchase Agreement (AmeriCredit Automobile Receivables Trust 2024-1), Purchase Agreement (GM Financial Consumer Automobile Receivables Trust 2024-2)

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Valid Sale; Binding Obligations. This Agreement and Seller’s Related Documents have been duly executed and delivered, shall effect effects a valid sale, transfer and assignment of the Receivables and the Other Conveyed Property to the PurchaserProperty, enforceable against the Seller and creditors of and purchasers from the Seller; and this Agreement and the Seller’s Related Documents Basic Documents, when duly executed and delivered, shall constitute legal, valid and binding obligations of the Seller enforceable in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors’ rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 174 contracts

Samples: Sale and Servicing Agreement (Exeter Automobile Receivables Trust 2024-3), Sale and Servicing Agreement (Exeter Automobile Receivables Trust 2024-3), Sale and Servicing Agreement (Exeter Automobile Receivables Trust 2024-2)

Valid Sale; Binding Obligations. This Agreement and Seller’s Related Documents have been duly executed and delivered, shall effect effects a valid sale, transfer and assignment of the Receivables and the Other Conveyed Property to the PurchaserProperty, enforceable against the Seller and creditors of and purchasers from the Seller; and this Agreement and Seller’s Related the Basic Documents to which the Seller is a party, when duly executed and delivered, shall constitute legal, valid and binding obligations of the Seller enforceable in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors’ rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 69 contracts

Samples: Sale and Servicing (AmeriCredit Automobile Receivables Trust 2024-1), Sale and Servicing (AmeriCredit Automobile Receivables Trust 2024-1), Sale and Servicing (GM Financial Consumer Automobile Receivables Trust 2024-2)

Valid Sale; Binding Obligations. This Agreement and SellerTransferor’s Related Documents have been duly executed and delivered, shall effect a valid sale, transfer and assignment of the Receivables and the Other Conveyed Property Assets to the PurchaserTransferee, enforceable against Seller Transferor and creditors of and purchasers from SellerTransferor; and this Agreement and SellerTransferor’s Related Documents constitute legal, valid and binding obligations of Seller Transferor enforceable in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors’ rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 36 contracts

Samples: Contribution Agreement (Exeter Automobile Receivables Trust 2024-3), Contribution Agreement (Exeter Automobile Receivables Trust 2024-3), Contribution Agreement (Exeter Automobile Receivables Trust 2024-2)

Valid Sale; Binding Obligations. This Agreement and Seller’s Related Documents have been duly executed and delivered, shall effect a valid sale, transfer and assignment of the EFLLC Receivables and the EFLLC Other Conveyed Property to the Purchaser, enforceable against Seller and creditors of and purchasers from Seller; and this Agreement and Seller’s Related Documents constitute legal, valid and binding obligations of Seller enforceable in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors’ rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 36 contracts

Samples: Purchase Agreement (Exeter Automobile Receivables Trust 2024-3), Purchase Agreement (Exeter Automobile Receivables Trust 2024-3), Purchase Agreement (Exeter Automobile Receivables Trust 2024-2)

Valid Sale; Binding Obligations. This Agreement and Seller’s Related Documents have been duly executed and delivered, shall effect effects a valid sale, transfer and assignment of the Receivables and the Other Conveyed Property to the PurchaserProperty, enforceable against the Seller and creditors of and purchasers from the Seller; and this Agreement and the Seller’s Related Documents 's Basic Documents, when duly executed and delivered, shall constitute legal, valid and binding obligations of the Seller enforceable in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors' rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 23 contracts

Samples: Sale and Servicing Agreement (Americredit Automobile Receivables Trust 2003-B-X), Sale and Servicing Agreement (AFS Funding Trust), Sale and Servicing (Americredit Financial Services Inc)

Valid Sale; Binding Obligations. This Agreement and Seller’s 's Related Documents have been duly executed and delivered, shall effect a valid sale, transfer and assignment of the Receivables and the Other Conveyed Property to the Purchaser, enforceable against Seller and creditors of and purchasers from Seller; and this Agreement and Seller’s 's Related Documents constitute legal, valid and binding obligations of Seller enforceable in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors' rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 21 contracts

Samples: Purchase Agreement (Americredit Automobile Receivable Trust 2005-D-A), Purchase Agreement (AmeriCredit Automobile Receivables Trust 2008-2), Purchase Agreement (Americredit Automobile Receivables Trust 2003-B-X)

Valid Sale; Binding Obligations. This Agreement and Seller’s Related Documents have been duly executed and delivered, shall effect effects a valid sale, transfer and assignment of the respective Subsequent Receivables and the Subsequent Other Conveyed Property to the PurchaserProperty, enforceable against the Seller and creditors of and purchasers from the Seller; and this Agreement and the Seller’s Related Documents Documents, when duly executed and delivered, shall constitute legal, valid and binding obligations of the Seller enforceable in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors’ rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 15 contracts

Samples: Sale and Servicing Agreement (Efcar, LLC), Purchase Agreement, Purchase Agreement (Efcar, LLC)

Valid Sale; Binding Obligations. This Agreement and Seller’s Related Documents have been duly executed and delivered, shall effect effects a valid sale, transfer and assignment of the Receivables and the Other Conveyed Property to the PurchaserProperty, enforceable against the Seller and creditors of and purchasers from the Seller; and this Agreement and Seller’s Related the Basic Documents to which the Seller is a party, when duly executed and delivered, shall constitute legal, valid and binding obligations of the Seller enforceable in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors' rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 14 contracts

Samples: Sale and Servicing (Consumer Portfolio Services Inc), Agreement (Consumer Portfolio Services Inc), Sale and Servicing Agreement (Consumer Portfolio Services Inc)

Valid Sale; Binding Obligations. This Agreement and Seller’s Related Documents have been duly executed and delivered, shall effect each related Transfer Agreement effects a valid sale, transfer and assignment of the Receivables and the Other Conveyed Property to the PurchaserOwner Trust Estate, enforceable against the Seller and creditors of and purchasers from the Seller; and this Agreement and Seller’s the Related Documents to which the Seller is a party, when duly executed and delivered, shall constitute legal, valid and binding obligations of the Seller enforceable in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors’ rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 11 contracts

Samples: Master Sale and Servicing Agreement (HSBC Automotive Trust 2005-3), Master Sale and Servicing Agreement (Household Auto Receivables Corp), Sale and Servicing Agreement (HSBC Automotive Trust (USA) 2006-1)

Valid Sale; Binding Obligations. This Agreement and Seller’s Related Documents have been duly executed and delivered, shall effect effects a valid sale, transfer and assignment of the Subsequent Receivables and the Subsequent Other Conveyed Property to the Purchaser, enforceable against the Seller and creditors of and purchasers from the Seller; and this Agreement and the Seller’s Related Documents Documents, constitute legal, valid and binding obligations of the Seller enforceable in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors’ rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 10 contracts

Samples: Sale and Servicing (Afs Sensub Corp.), Sale and Servicing (Afs Sensub Corp.), Purchase Agreement (Afs Sensub Corp.)

Valid Sale; Binding Obligations. This Agreement and Seller’s Related Documents have been duly executed and delivered, shall effect effects a valid sale, transfer and assignment of the Subsequent Receivables and the Subsequent Other Conveyed Property to the PurchaserProperty, enforceable against the Seller and creditors of and purchasers from the Seller; and this Agreement and the Seller’s Related Documents Basic Documents, when duly executed and delivered, shall constitute legal, valid and binding obligations of the Seller enforceable in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors’ rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 8 contracts

Samples: Sale and Servicing (AFS Funding Trust), Sale and Servicing Agreement (AmeriCredit Automobile Receivables Trust 2005-B-M), Sale and Servicing (Americredit Automobile Receivables Trust 2003-D-M)

Valid Sale; Binding Obligations. This Agreement and Seller’s Related Documents have been duly executed and delivered, shall effect effects a valid sale, ------------------------------- transfer and assignment of the Receivables and the Other Conveyed Property to the PurchaserProperty, enforceable against the Seller and creditors of and purchasers from the Seller; and this Agreement and the Seller’s Related Documents 's Basic Documents, when duly executed and delivered, shall constitute legal, valid and binding obligations of the Seller enforceable in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors' rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 7 contracts

Samples: Sale and Servicing Agreement (Americredit Financial Services Inc), Sale and Servicing Agreement (Americredit Financial Services Inc), Sale and Servicing (Americredit Financial Services Inc)

Valid Sale; Binding Obligations. This Agreement and Seller’s Related Documents have been duly executed and delivered, shall effect effects a valid sale, transfer and assignment of the Receivables and the Other Conveyed Property to the PurchaserProperty, enforceable against Seller the Depositor and creditors of and purchasers from Sellerthe Depositor; and this Agreement the Basic Documents to which the Depositor is a party, when duly executed and Seller’s Related Documents delivered, will constitute legal, valid and binding obligations of Seller the Depositor enforceable in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors' rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 4 contracts

Samples: Sale and Servicing Agreement (Triad Financial Special Purpose LLC), Sale and Servicing Agreement (Triad Automobile Receivables Trust 2006-B), Sale and Servicing Agreement (Triad Automobile Receivables Trust 2006-A)

Valid Sale; Binding Obligations. This Agreement and Seller’s Related Documents have been duly executed and delivered, shall effect effects a valid sale, transfer and assignment of the Receivables and the Other Conveyed Property to the PurchaserProperty, enforceable against such Seller and creditors of and purchasers from such Seller; and this Agreement and such Seller’s 's Related Documents Documents, when duly executed and delivered, shall constitute legal, valid and binding obligations of such Seller enforceable in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors' rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (First Enterprise Financial Group Inc), Sale and Servicing Agreement (First Enterprise Financial Group Inc), Sale and Servicing Agreement (First Enterprise Financial Group Inc)

Valid Sale; Binding Obligations. This Agreement and Seller’s Related Documents have has been duly executed and delivered, shall effect a valid sale, transfer and assignment of the [Seller] Receivables and the [Seller] Other Conveyed Property to the Purchaser, enforceable against Seller and creditors of and purchasers from Seller; and this Agreement and Seller’s Related Documents constitute constitutes legal, valid and binding obligations of Seller enforceable in accordance with their respective its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors’ rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 2 contracts

Samples: Sale Agreement (Efcar, LLC), Sale Agreement (Efcar, LLC)

Valid Sale; Binding Obligations. This Agreement and Seller’s Related Documents have been duly executed and delivered, shall effect effects a valid sale, transfer and assignment of the Subsequent Receivables and the Subsequent Other Conveyed Property to the Purchaser, enforceable against the Seller and creditors of and purchasers from the Seller; and this Agreement and the Seller’s Related Documents shall constitute legal, valid and binding obligations of the Seller enforceable in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors’ rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 2 contracts

Samples: Purchase Agreement (Afs Sensub Corp.), Purchase Agreement (AFS SenSub Corp.)

Valid Sale; Binding Obligations. This Agreement and Seller’s Related Documents have been duly executed and delivered, shall effect effects a valid sale, transfer and assignment of the Receivables and the Other Conveyed Property to the PurchaserProperty, enforceable against the Seller and creditors of and purchasers from the Seller; and this Agreement and the Seller’s Related Documents 's Transaction Documents, when duly executed and delivered, shall constitute legal, valid and binding obligations of the Seller enforceable in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors' rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (National Financial Auto Funding Trust), Sale and Servicing Agreement (National Auto Finance Co Inc)

Valid Sale; Binding Obligations. This Agreement and Seller’s Related Documents have been duly executed and delivered, shall effect a valid sale, transfer and assignment of the [Seller] Receivables and the [Seller] Other Conveyed Property to the Purchaser, enforceable against Seller and creditors of and purchasers from Seller; and this Agreement and Seller’s Related Documents constitute legal, valid and binding obligations of Seller Representation Provider enforceable in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors’ rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 2 contracts

Samples: Sale Agreement (Efcar, LLC), Sale Agreement (Efcar, LLC)

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Valid Sale; Binding Obligations. This Agreement and Seller’s Related Documents have been duly executed and delivered, shall effect effects a valid sale, transfer and assignment of the related Receivables and the Other Conveyed Property to the PurchaserProperty, enforceable against the Seller and creditors of and purchasers from the Seller; and this Agreement and the Seller’s Related Documents Basic Documents, when duly executed and delivered, shall constitute legal, valid and binding obligations of the Seller enforceable in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors’ rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 1 contract

Samples: Sale and Servicing (Americredit Corp)

Valid Sale; Binding Obligations. This Agreement and Seller’s 's Related Documents have been duly executed and delivered, shall effect a valid sale, transfer and assignment of the Receivables Initial Loans and the Initial Other Conveyed Property to the PurchaserProperty, enforceable against Seller and creditors of and purchasers from Seller; and this Agreement and Seller’s 's Related Documents constitute legal, valid and binding obligations of Seller enforceable in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors' rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 1 contract

Samples: Transfer Agreement (Conseco Finance Securitizations Corp)

Valid Sale; Binding Obligations. This Agreement and Seller’s 's Related Documents have been duly executed and delivered, shall effect a valid sale, transfer and assignment of the Receivables and the Other Conveyed Property to the Purchaser, enforceable against Seller and creditors of and purchasers from Seller; and this Agreement and Seller’s 's Related Documents constitute legal, valid and binding obligations of Seller enforceable in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors' rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 1 contract

Samples: Purchase Agreement (Advanta Automobile Receivables 1998-1)

Valid Sale; Binding Obligations. This Agreement and Seller’s Related Documents the Transfer Agreement have been duly executed and delivered, shall effect a valid sale, transfer and assignment of the Receivables Subsequent Contracts and the Other Conveyed Property to the PurchaserSubsequent Collateral Security, enforceable against Seller and creditors of and purchasers from Seller; and this Agreement and Seller’s Related Documents the Transfer Agreement constitute legal, valid and binding obligations of Seller enforceable in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors' rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 1 contract

Samples: Transfer Agreement (Conseco Finance Securitizations Corp)

Valid Sale; Binding Obligations. This Agreement and Seller’s Related Documents have been duly executed and delivered, shall effect effects a valid sale, transfer and assignment of the related Receivables and the Other Conveyed Property to the PurchaserProperty, enforceable against such Seller and creditors of and purchasers from such Seller; and this Agreement and such Seller’s Related Documents Basic Documents, when duly executed and delivered, shall constitute legal, valid and binding obligations of such Seller enforceable in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors’ rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Americredit Corp)

Valid Sale; Binding Obligations. This Agreement and Seller’s Related Documents have been duly executed and delivered, shall effect a valid sale, transfer and assignment of the Receivables and the Other Conveyed Property to the Purchaser, enforceable against Seller and creditors of and purchasers from Seller; and this Back to Contents Agreement and Seller’s Related Documents constitute legal, valid and binding obligations of Seller enforceable in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors’ rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 1 contract

Samples: Purchase Agreement (Americredit Automobile Receivables Trust 2004-a-F)

Valid Sale; Binding Obligations. This Agreement and Seller’s Related Documents the Transfer ------------------------------- Agreement have been duly executed and delivered, shall effect a valid sale, transfer and assignment of the Receivables Subsequent Contracts and the Other Conveyed Property to the PurchaserSubsequent Collateral Security, enforceable against Seller and creditors of and purchasers from Seller; and this Agreement and Seller’s Related Documents the Transfer Agreement constitute legal, valid and binding obligations of Seller enforceable in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors' rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 1 contract

Samples: Transfer Agreement (Conseco Finance Corp)

Valid Sale; Binding Obligations. This Agreement and Seller’s Related Documents have been duly executed and delivered, shall effect effects a valid sale, transfer and assignment of the Receivables and the Other Conveyed Property to the PurchaserProperty, enforceable against the Seller and creditors of and purchasers from the Seller; and this Agreement and the Seller’s Related Documents Basic Documents, when duly executed and delivered, shall constitute legal, valid and binding obligations of the Seller enforceable in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws 52 affecting the enforcement of creditors’ rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 1 contract

Samples: Sale and Servicing Agreement (AmeriCredit Automobile Receivables Trust 2004-D-F)

Valid Sale; Binding Obligations. This Agreement and Seller’s Related Documents have been duly executed and delivered, shall effect effects a valid sale, transfer and assignment of the Receivables and the Other Conveyed Property to the PurchaserProperty, enforceable against the Seller and creditors of and purchasers from the Seller; and this Agreement and the Seller’s Related Documents Basic Documents, when duly executed and delivered, shall constitute legal, valid and binding obligations 52 of the Seller enforceable in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors’ rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Exeter Automobile Receivables Trust 2022-1)

Valid Sale; Binding Obligations. This Agreement and Seller’s Related Documents the Transfer Agreement have been duly executed and delivered, shall effect a valid sale, transfer and assignment of the Receivables Subsequent Loans and the Subsequent Other Conveyed Property to the PurchaserProperty, enforceable against Seller and creditors of and purchasers from Seller; and this Agreement and Seller’s Related Documents the Transfer Agreement constitute legal, valid and binding obligations of Seller enforceable in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors' rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 1 contract

Samples: Transfer Agreement (Conseco Finance Securitizations Corp)

Valid Sale; Binding Obligations. This Agreement and Seller’s 's Related Documents have been duly executed and delivered, shall effect a valid sale, transfer and assignment of the Receivables Initial Contracts and the Other Conveyed Property to the PurchaserInitial Collateral Security, enforceable against Seller and creditors of and purchasers from Seller; and this Agreement and Seller’s 's Related Documents constitute legal, valid and binding obligations of Seller enforceable in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors' rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 1 contract

Samples: Transfer Agreement (Conseco Finance Securitizations Corp)

Valid Sale; Binding Obligations. This Agreement and Seller’s 's Related Documents have been duly executed execute and delivered, shall effect a valid sale, transfer and assignment of the Receivables and the Other Conveyed Property to the Purchaser, enforceable against Seller and creditors of and purchasers from Seller; and this Agreement and Seller’s 's Related Documents constitute legal, valid and binding obligations of Seller enforceable in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors' rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 1 contract

Samples: Purchase Agreement (Americredit Financial Services Inc)

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