Common use of Valid Sale; Binding Obligations Clause in Contracts

Valid Sale; Binding Obligations. This Agreement and the related Subsequent Transfer Agreement, if any, effects a valid sale, transfer and assignment of the Receivables and the other Trust Property, enforceable against the Seller and creditors of and purchasers from the Seller; and this Agreement and the related Subsequent Transfer Agreement, if any, and the Seller's Related 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.

Valid Sale; Binding Obligations. This Agreement and the related Subsequent Transfer Agreement, if any, Agreement effects a valid sale, transfer and assignment of the Subsequent Receivables and the other Trust related Other Conveyed Property, enforceable against the Seller and creditors of and purchasers from the Seller; and this Subsequent Transfer Agreement and the related Subsequent Transfer Agreement, if any, and Basic Documents to which the Seller's Related DocumentsSeller 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.

Valid Sale; Binding Obligations. This Agreement and the related Subsequent Transfer Agreement, if any, effects constitutes a valid sale, transfer transfer, and assignment of Undivided Interests to the Receivables and Agent, on behalf of the other Trust PropertyPurchaser or the Bank Investors, as the case may be, enforceable against the Seller and creditors of of, and purchasers from from, the SellerTransferor; and this Agreement and the related Subsequent Transfer Agreement, if anyconstitutes, and each other Agreement Document to be signed by the Seller's Related Documents, Transferor when duly executed and delivereddelivered will constitute, shall constitute a legal, valid and binding obligations obligation of the Seller Transferor enforceable in accordance with their respective its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization reorganization, or other similar laws affecting the enforcement of creditors' , rights generally and by equitable limitations on the availability general principles of specific remediesequity, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Valid Sale; Binding Obligations. This Agreement, each Assignment Agreement and the related Subsequent Transfer AgreementArcadia's Transaction Documents have been duly executed and delivered, if any, effects shall effect a valid sale, transfer and assignment of the Receivables and the other Trust Other Conveyed Property, enforceable against the Seller Arcadia and creditors of and purchasers from the SellerArcadia; and this Agreement, each Assignment Agreement and the related Subsequent Transfer Agreement, if any, and the SellerArcadia's Related Documents, when duly executed and delivered, shall Transaction Documents constitute legal, valid and binding obligations of the Seller Arcadia 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.

Valid Sale; Binding Obligations. This Each sale of Receivables and Related Rights made by Seller pursuant to this Agreement and the related Subsequent Transfer Agreement, if any, effects shall constitute a valid sale, transfer transfer, and assignment of thereof to the Receivables and the other Trust PropertyCompany, enforceable against the Seller and creditors of of, and purchasers from the from, Seller; and this Agreement and the related Subsequent Transfer Agreement, if anyconstitutes, and the each other Transaction Document to be signed by Seller's Related Documents, when duly executed and delivered, shall constitute will constitute, a legal, valid valid, and binding obligations obligation of the Seller Seller, enforceable in accordance with their respective its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization reorganization, or other similar laws affecting the enforcement of creditors' rights generally and by equitable limitations on the availability general principles of specific remediesequity, regardless of whether such enforceability is considered in a proceeding in equity or at in law.

Valid Sale; Binding Obligations. This Agreement and the related Subsequent Transfer Agreement, if any, effects a valid sale, transfer and assignment of the Receivables Receivables, the Asset Backed Securities, as applicable, and the other Trust Other Conveyed Property, enforceable against the relevant Seller and creditors of and purchasers from the such Seller; and this Agreement and the related Subsequent Transfer Agreement, if any, and the Seller's Related Documentsother Basic Agreements to which each Seller is a party, when duly executed and delivered, shall constitute legal, valid and binding obligations of the 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.