Binding Obligation. Each Receivable represents the genuine, legal, valid and binding payment obligation in writing of the Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws, now or hereafter in effect, affecting the enforcement of creditors’ rights in general, and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity).
Appears in 123 contracts
Sources: Sale and Servicing Agreement (World Omni Auto Receivables Trust 2026-B), Sale and Servicing Agreement (World Omni Auto Receivables Trust 2026-B), Sale and Servicing Agreement (World Omni Auto Receivables Trust 2026-A)
Binding Obligation. Each Receivable represents shall constitute the genuine, legal, valid and binding payment obligation in writing of the related Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be subject to or limited by applicable bankruptcy, insolvency, reorganization, moratorium moratorium, liquidation or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ rights in general, general and except as such enforceability may be limited by general principles of equity (equity, regardless of whether such enforceability shall be considered in a suit proceeding in equity or at law or in equity)law.
Appears in 112 contracts
Sources: Sale and Servicing Agreement (Honda Auto Receivables 2015-4 Owner Trust), Receivables Purchase Agreement (Honda Auto Receivables 2015-4 Owner Trust), Sale and Servicing Agreement (Honda Auto Receivables 2015-4 Owner Trust)
Binding Obligation. Each Receivable represents the genuine, legal, valid and binding payment obligation in writing of the related Obligor, enforceable by the holder thereof in all material respects in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium liquidation or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ rights in generalgenerally, and except as such enforceability may be limited any state or federal consumer protection laws or regulations or by general principles of equity (whether considered in a suit at law or in equity).
Appears in 98 contracts
Sources: Receivables Purchase Agreement (CarMax Auto Owner Trust 2026-2), Receivables Purchase Agreement (CarMax Auto Owner Trust 2026-2), Receivables Purchase Agreement (CarMax Select Receivables Trust 2026-A)
Binding Obligation. Each Receivable represents the genuine, legal, valid and binding payment obligation in writing of the related Obligor, enforceable by the holder thereof in all material respects in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium liquidation or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ rights in general, generally and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity).
Appears in 70 contracts
Sources: Receivables Purchase Agreement, Sale and Servicing Agreement (CarMax Auto Owner Trust 2015-4), Receivables Purchase Agreement (CarMax Auto Owner Trust 2015-4)
Binding Obligation. Each such Receivable represents the genuine, legal, valid and binding payment obligation in writing of the ObligorObligor thereon, enforceable in all material respects by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium reorganization or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ rights in generalgeneral and by equity, and except as regardless of whether such enforceability may be limited by general principles of equity (whether is considered in a suit proceeding in equity or at law or in equity)law.
Appears in 59 contracts
Sources: Pooling Agreement (Ally Auto Receivables Trust 2026-1), Pooling Agreement (Ally Auto Receivables Trust 2026-1), Pooling Agreement (Ally Auto Receivables Trust 2025- 1)
Binding Obligation. Each such Receivable represents the genuine, legal, valid and binding payment obligation in writing of the ObligorObligor thereon, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium reorganization or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ rights in generalgeneral and by equity, and except as regardless of whether such enforceability may be limited by general principles of equity (whether is considered in a suit proceeding in equity or at law or in equity)law.
Appears in 53 contracts
Sources: Pooling and Servicing Agreement (Capital Auto Receivables Asset Trust 2015-4), Pooling and Servicing Agreement (Capital Auto Receivables Asset Trust 2015-4), Pooling Agreement (Ally Auto Receivables Trust 2015-2)
Binding Obligation. Each Receivable represents shall represent the genuine, legal, valid and binding payment obligation in writing of the Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ ' rights in general, generally and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity).
Appears in 49 contracts
Sources: Sales Contracts (Mmca Auto Receivables Trust), Purchase Agreement (Mmca Auto Receivables Inc), Purchase Agreement (Mmca Auto Receivables Inc)
Binding Obligation. Each Receivable represents the genuine, legal, valid and binding payment obligation in writing of the ObligorObligor thereon, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium reorganization or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ rights in generalgeneral and by equity, and except as regardless of whether such enforceability may be limited by general principles of equity (whether is considered in a suit proceeding in equity or at law or in equity)law.
Appears in 46 contracts
Sources: Sale Agreement, Pooling and Servicing Agreement, Sale Agreement (Bank of America Auto Receivables Securitization, LLC)
Binding Obligation. Each Receivable represents the genuine, legal, valid and binding payment obligation in writing of the Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable terms subject to (i) the effect of bankruptcy, insolvency, reorganization, moratorium or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ rights generally, (ii) the effect of general equitable principles and (iii) the potential unenforceability of waivers of jury trial provisions in general, and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity)certain states.
Appears in 41 contracts
Sources: Sale and Servicing Agreement (Nissan Auto Receivables 2015-C Owner Trust), Sale and Servicing Agreement (Nissan Auto Receivables 2015-C Owner Trust), Sale and Servicing Agreement (Nissan Auto Receivables Corp Ii)
Binding Obligation. Each Such Receivable represents the genuine, legal, valid and binding payment obligation in writing of the related Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable terms subject to (i) the effect of bankruptcy, insolvency, reorganization, moratorium or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ rights generally, (ii) the effect of general equitable principles and (iii) the potential unenforceability of waivers of jury trial provisions in general, and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity)certain states.
Appears in 41 contracts
Sources: Purchase Agreement (Nissan Auto Receivables 2026-a Owner Trust), Purchase Agreement (Nissan Auto Receivables 2025-B Owner Trust), Purchase Agreement (Nissan Auto Receivables 2025-B Owner Trust)
Binding Obligation. Each Receivable represents shall constitute the genuine, legal, valid and binding payment obligation in writing of the related Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be subject to or limited by applicable bankruptcy, insolvency, reorganization, moratorium moratorium, liquidation or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ ' rights in general, general and except as such enforceability may be limited by general principles of equity (equity, regardless of whether such enforceability shall be considered in a suit proceeding in equity or at law or in equity)law.
Appears in 41 contracts
Sources: Sale and Servicing Agreement (Pooled Auto Securities Shelf LLC), Receivables Purchase Agreement (Pooled Auto Securities Shelf LLC), Sale and Servicing Agreement (Honda Auto Receivables 2006-2 Owner Trust)
Binding Obligation. Each Receivable represents shall represent the genuine, legal, valid valid, and binding payment obligation in writing of the Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable terms subject to the effect of bankruptcy, insolvency, reorganization, moratorium or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ ' rights in general, and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity)generally.
Appears in 34 contracts
Sources: Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC), Purchase Agreement (Ford Credit Auto Receivables Two L P), Purchase Agreement (Ford Credit Auto Receivables Two LLC)
Binding Obligation. Each Receivable represents shall constitute the genuine, legal, valid and binding payment obligation in writing of the related Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or and other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ ' rights in general, general and except as such enforceability may be limited by general principles of equity (equity, regardless of whether such enforceability shall be considered in a suit proceeding in equity or at law or in equity)law.
Appears in 33 contracts
Sources: Pooling and Servicing Agreement (Toyota Motor Credit Corp), Receivables Purchase Agreement (Toyota Motor Credit Corp), Sale and Servicing Agreement (Toyota Motor Credit Corp)
Binding Obligation. Each Receivable represents constitutes the genuine, legal, valid and binding payment obligation in writing of the Obligor, enforceable in all material respects by the holder thereof in accordance with its terms, except subject, as such enforceability may be limited by to enforcement, to applicable bankruptcy, insolvency, reorganization, moratorium liquidation or other similar laws, now laws and equitable principles relating to or hereafter in effect, affecting the enforcement of creditors’ rights in general, and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity)generally.
Appears in 24 contracts
Sources: Sale and Servicing Agreement (Usaa Acceptance LLC), Sale and Servicing Agreement (USAA Auto Owner Trust 2015-1), Sale and Servicing Agreement (USAA Auto Owner Trust 2014-1)
Binding Obligation. Each Receivable represents shall constitute the genuine, legal, valid and binding payment obligation in writing of the related Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or and other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ rights in general, general and except as such enforceability may be limited by general principles of equity (equity, regardless of whether such enforceability shall be considered in a suit proceeding in equity or at law or in equity)law.
Appears in 24 contracts
Sources: Receivables Purchase Agreement (Toyota Auto Receivables 2011-a Owner Trust), Sale and Servicing Agreement (Toyota Auto Receivables 2011-a Owner Trust), Sale and Servicing Agreement (Toyota Auto Receivables 2011-a Owner Trust)
Binding Obligation. Each Receivable represents the genuine, legal, valid and binding payment obligation in writing of the Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable subject to the effect of bankruptcy, insolvency, reorganization, moratorium or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ ' rights in general, generally and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity)equitable principles.
Appears in 24 contracts
Sources: Purchase Agreement (Nissan Auto Receivables 2001-B Owner Trust), Purchase Agreement (Nissan Auto Receivables Corp /De), Purchase Agreement (Nissan Auto Receivables 2000-C Owner Trust)
Binding Obligation. Each Such Receivable represents the genuine, legal, valid and binding payment obligation in writing of the related Obligor, enforceable in all material respects by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws, now or hereafter in effect, affecting the enforcement of creditors’ rights in generalgenerally, any state or federal consumer protection laws or regulations and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity).
Appears in 23 contracts
Sources: Receivables Purchase Agreement (Carvana Auto Receivables Trust 2022-P2), Receivables Purchase Agreement (Carvana Auto Receivables Trust 2022-P2), Receivables Purchase Agreement (Carvana Auto Receivables Trust 2022-P1)
Binding Obligation. Each Receivable represents the genuine, legal, valid and binding payment obligation in writing of the Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable terms subject to the effect of bankruptcy, insolvency, reorganization, moratorium or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ ' rights in general, generally and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity)equitable principles.
Appears in 21 contracts
Sources: Sale and Servicing Agreement (Nissan Auto Receivables Ii 2001-C Owner Trust), Sale and Servicing Agreement (Nissan Auto Receivables Corp Ii), Sale and Servicing Agreement (Nissan Auto Receivables 2003-B Owner Trust)
Binding Obligation. Each Receivable represents constitutes the genuine, legal, valid valid, and binding payment obligation in writing of the Obligor, enforceable by the holder thereof in all material respects in accordance with its terms, except subject, as such enforceability may be limited by to enforcement, to applicable bankruptcy, insolvency, reorganization, moratorium or liquidation and other similar laws, now laws and equitable principles relating to or hereafter in effect, affecting the enforcement of creditors’ rights in general, and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity).' rights;
Appears in 20 contracts
Sources: Sale and Servicing Agreement (Chase Manhattan Bank Usa), Sale and Servicing Agreement (Chase Manhattan Auto Owner Trust 2002-A), Sale and Servicing Agreement (Chase Manhattan Bank Usa)
Binding Obligation. Each Receivable represents the genuine, legal, valid and binding payment obligation in writing of the ObligorObligor thereon, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium reorganization or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ ' rights in generalgeneral and by equity, and except as regardless of whether such enforceability may be limited by general principles of equity (whether is considered in a suit proceeding in equity or at law or in equity).law;
Appears in 17 contracts
Sources: Pooling and Servicing Agreement (Capital Auto Receivables Inc), Pooling and Servicing Agreement (Capital Auto Receivables Inc), Pooling and Servicing Agreement (Capital Auto Receivables Inc)
Binding Obligation. Each Receivable represents the genuine, legal, valid valid, and binding payment obligation in writing of the Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable terms subject to the effect of bankruptcy, insolvency, reorganization, moratorium or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ ' rights in general, and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity)generally.
Appears in 13 contracts
Sources: Sale and Servicing Agreement (Bear Stearns Asset Backed Fund Inc Whole Auto Loan Tr 2002-1), Sale and Servicing Agreement (Bear Stearns Asset Backed Whole Auto Loan Trust 2003-1), Sale and Servicing Agreement (Merrill Auto Trust Securitization 2005-1)
Binding Obligation. Each Designated Receivable represents the genuine, legal, valid and binding payment obligation in writing of the ObligorObligor thereon, enforceable against the Obligor by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium reorganization or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ rights in generalgeneral and by equity, and except as regardless of whether such enforceability may be limited by general principles of equity (whether is considered in a suit proceeding in equity or at law or in equity)law.
Appears in 12 contracts
Sources: Purchase Agreement (Navistar Financial Corp), Purchase Agreement (Navistar Financial Corp), Purchase Agreement (Navistar Financial Corp)
Binding Obligation. Each Receivable represents the genuine, legal, valid valid, and binding payment obligation in writing of the Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable terms subject to the effect of bankruptcy, insolvency, reorganization, moratorium or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ ' rights in general, and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity)generally.
Appears in 9 contracts
Sources: Purchase Agreement (Ford Credit Auto Owner Trust 2005-A), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2005-A), Purchase Agreement (Ford Credit Auto Owner Trust 2005-B)
Binding Obligation. Each Receivable represents constitutes the genuine, legal, valid and binding payment obligation in writing of the Obligor, enforceable in all respects by the holder thereof in accordance with its terms, except subject, as such enforceability may be limited by to enforcement, to applicable bankruptcy, insolvency, reorganization, moratorium liquidation or other similar laws, now laws and equitable principles relating to or hereafter in effect, affecting the enforcement of creditors’ rights in general, and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity)generally.
Appears in 9 contracts
Sources: Sale Agreement (Fifth Third Holdings Funding, LLC), Sale and Servicing Agreement (USAA Auto Owner Trust 2008-3), Sale and Servicing Agreement (Fifth Third Holdings Funding, LLC)
Binding Obligation. Each Receivable represents the genuine, legal, valid and binding payment obligation in writing of the related Obligor, enforceable by the holder thereof in all material respects in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium liquidation or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ ' rights in general, generally and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity).
Appears in 8 contracts
Sources: Sale and Servicing Agreement (CarMax Auto Owner Trust 2008-1), Receivables Purchase Agreement (CarMax Auto Owner Trust 2008-1), Receivables Purchase Agreement (Carmax Auto Funding LLC)
Binding Obligation. Each Receivable represents the genuine, legal, valid and binding payment obligation in writing of the Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be limited by subject to applicable bankruptcy, insolvency, reorganization, moratorium or other reorganization and similar laws, laws now or hereafter in effect, effect relating to or affecting the enforcement of creditors’ ' rights in general, generally and except as such enforceability may be limited by to general principles of equity (whether considered applied in a suit proceeding at law or in equity).
Appears in 8 contracts
Sources: Receivables Purchase Agreement (Bond Securitization LLC), Receivables Purchase Agreement (Bond Securitization LLC), Receivables Purchase Agreement (Goldman Sachs Asset Backed Securities Corp)
Binding Obligation. Each Receivable represents constitutes the genuine, legal, valid valid, and binding payment obligation in writing of the Obligor, enforceable by the holder thereof in all material respects in accordance with its terms, except subject, as such enforceability may be limited by to enforcement, to applicable bankruptcy, insolvency, reorganization, moratorium or liquidation and other similar laws, now laws and equitable principles relating to or hereafter in effect, affecting the enforcement of creditors’ rights in general, and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity)rights.
Appears in 8 contracts
Sources: Sale and Servicing Agreement (USAA Auto Owner Trust 2008-1), Sale and Servicing Agreement (Usaa Acceptance LLC), Sale and Servicing Agreement (USAA Auto Owner Trust 2007-2)
Binding Obligation. Each Subsequent Receivable represents the genuine, legal, valid and binding payment obligation in writing of the Obligor, enforceable by the holder thereof in accordance with its terms, except only as such enforceability enforcement may be limited by applicable bankruptcy, insolvency, reorganization, moratorium insolvency or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ ' rights in general, generally and except as all parties to each Subsequent Receivable had full legal capacity to execute and deliver such enforceability may Subsequent Receivable and all other documents related thereto and to grant the security interest purported to be limited by general principles of equity (whether considered in a suit at law or in equity)granted thereby.
Appears in 7 contracts
Sources: Sale and Servicing Agreement (Long Beach Acceptance Receivables Corp. II), Sale and Servicing Agreement (Long Beach Acceptance Auto Receivables Trust 2005-A), Sale and Servicing Agreement (Long Beach Acceptance Corp. Auto Receivables Trust 2006-A)
Binding Obligation. Each Receivable represents the genuine, legal, valid and binding payment obligation in writing of the related Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability thereof may be subject to or limited by applicable bankruptcy, insolvency, reorganization, moratorium reorganization or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ rights in generalgenerally and by equitable limitations on the availability of specific remedies, and except as regardless of whether such enforceability may be limited by general principles of equity (whether is considered in a suit Proceeding in equity or at law or in equity)law.
Appears in 6 contracts
Sources: Sale and Servicing Agreement (Daimler Trucks Retail Trust 2024-1), Sale and Servicing Agreement (Daimler Trucks Retail Trust 2024-1), Sale and Servicing Agreement (Daimler Trucks Retail Trust 2023-1)
Binding Obligation. Each Receivable represents the genuine, legal, valid and binding payment obligation in writing of the ObligorObligor thereon, enforceable against the Obligor by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium reorganization or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ ' rights in generalgeneral and by equity, and except as regardless of whether such enforceability may be limited by general principles of equity (whether is considered in a suit proceeding in equity or at law or in equity).law;
Appears in 6 contracts
Sources: Purchase Agreement (Navistar Financial Retail Receivables Corporation), Purchase Agreement (Navistar Financial Retail Receivables Corporation), Purchase Agreement (Navistar Financial Retail Receivables Corporation)
Binding Obligation. Each Receivable represents the genuine, legal, valid and binding payment obligation in writing of the related Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium reorganization or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ rights in generalgenerally and by equitable limitations on the availability of specific remedies, and except as regardless of whether such enforceability may be limited by general principles of equity (whether is considered in a suit Proceeding in equity or at law or in equity)law.
Appears in 5 contracts
Sources: Sale and Servicing Agreement (Daimler Trucks Retail Receivables LLC), Sale and Servicing Agreement (Daimler Trucks Retail Receivables LLC), Sale and Servicing Agreement (Daimler Retail Receivables LLC)
Binding Obligation. Each Receivable represents the genuine, legal, valid and binding payment obligation in writing of the related Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium reorganization or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ rights in generalgenerally and by equitable limitations on the availability of specific remedies, and except as regardless of whether such enforceability may be limited by general principles of equity (whether is considered in a suit Proceeding in equity or at law or in equity).law. Contract Data Tape List of Approved Contracts
Appears in 5 contracts
Sources: Asset Representations Review Agreement (Daimler Trucks Retail Trust 2024-1), Asset Representations Review Agreement (Daimler Trucks Retail Trust 2024-1), Asset Representations Review Agreement (Daimler Trucks Retail Receivables LLC)
Binding Obligation. Each Receivable represents constitutes the genuine, legal, valid valid, and binding payment obligation in writing of the Obligor, enforceable by the holder thereof in all material respects in accordance with its terms, except subject, as such enforceability may be limited by to enforcement, to applicable bankruptcy, insolvency, reorganization, moratorium or liquidation and other similar laws, now laws and equitable principles relating to or hereafter in effect, affecting the enforcement of creditors’ rights in general, and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity).rights;
Appears in 5 contracts
Sources: Sale and Servicing Agreement (Chase Auto Owner Trust 2005-A), Sale and Servicing Agreement (Chase Auto Owner Trust 2006-A), Sale and Servicing Agreement (JPMorgan Chase Bank, National Association)
Binding Obligation. Each Designated Receivable represents the ------------------ genuine, legal, valid and binding payment obligation in writing of the ObligorObligor thereon, enforceable against the Obligor by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium reorganization or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ ' rights in generalgeneral and by equity, and except as regardless of whether such enforceability may be limited by general principles of equity (whether is considered in a suit proceeding in equity or at law or in equity).law;
Appears in 5 contracts
Sources: Receivables Sale Agreement (Navistar Financial Retail Receivables Corporation), Purchase Agreement (Navistar Financial Retail Receivables Corporation), Purchase Agreement (Navistar Financial Retail Receivables Corporation)
Binding Obligation. Each Receivable represents the genuine, legal, valid and binding payment obligation in writing of the Obligor, enforceable by the holder thereof in accordance with its terms, except only as such enforceability enforcement may be limited by applicable bankruptcy, insolvency, reorganization, moratorium insolvency or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ ' rights in generalgenerally, and except as all parties to such enforceability may contract had full legal capacity to execute and deliver such contract and all other documents related thereto and to grant the security interest purported to be limited by general principles of equity (whether considered in a suit at law or in equity)granted thereby.
Appears in 4 contracts
Sources: Receivables Purchase Agreement (Consumer Portfolio Services Inc), Assignment (Consumer Portfolio Services Inc), Receivables Purchase Agreement (Consumer Portfolio Services Inc)
Binding Obligation. Each Receivable represents the genuine, legal, valid and binding payment obligation in writing of the Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be limited by subject to applicable bankruptcy, insolvency, reorganization, moratorium or other reorganization and similar laws, laws now or hereafter in effect, effect relating to or affecting the enforcement of creditors’ creditor's rights in general, generally and except as such enforceability may be limited by to general principles of equity (whether considered applied in a suit proceeding at law or in equity).
Appears in 4 contracts
Sources: Sale and Servicing Agreement (Bond Securitization LLC), Sale and Servicing Agreement (Bond Securitization LLC), Sale and Servicing Agreement (Goldman Sachs Asset Backed Securities Corp)
Binding Obligation. Each Designated Receivable represents the genuine, legal, valid and binding payment obligation in writing of the ObligorObligor thereon, enforceable against the Obligor by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium reorganization or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ ' rights in generalgeneral and by equity, and except as regardless of whether such enforceability may be limited by general principles of equity (whether is considered in a suit proceeding in equity or at law or in equity).law;
Appears in 4 contracts
Sources: Receivables Sale Agreement (Navistar Financial Corp), Purchase Agreement (Navistar Financial Retail Receivables Corporation), Purchase Agreement (Navistar Financial Retail Receivables Corporation)
Binding Obligation. Each Receivable represents shall represent the genuine, legal, valid valid, and binding payment obligation in writing of the Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable terms subject to the effect of bankruptcy, insolvency, reorganization, moratorium or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ ' rights in generalgenerally. No Obligor on a Contract is the United States of America, and except as such enforceability may be limited by general principles any state or local governmental agency or instrumentality, or any of equity (whether considered in a suit at law or in equity)the foregoing.
Appears in 3 contracts
Sources: Receivables Purchase Agreement (National Auto Finance Co Inc), Pooling and Administration Agreement (National Auto Finance Co Inc), Pooling and Administration Agreement (National Auto Finance Co Inc)
Binding Obligation. Each Receivable represents the genuine, legal, valid and binding payment obligation in writing of the Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws, now or hereafter in effect, affecting the enforcement of creditors’ ' rights in general, and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity).
Appears in 3 contracts
Sources: Sale and Servicing Agreement (World Omni Auto Receivables LLC), Sale and Servicing Agreement (World Omni Auto Receivables LLC), Sale and Servicing Agreement (World Omni Auto Receivables LLC)
Binding Obligation. Each Receivable represents the genuine, legal, valid and binding payment obligation in writing of the related Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium liquidation or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ ' rights in general, generally and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity).
Appears in 3 contracts
Sources: Sale and Servicing Agreement (Pooled Auto Securities Shelf LLC), Sale and Servicing Agreement (Pooled Auto Securities Shelf LLC), Sale and Servicing Agreement (Pooled Auto Securities Shelf LLC)
Binding Obligation. Each Receivable represents the genuine, legal, valid and binding payment obligation in writing of the Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be limited by subject to applicable bankruptcy, insolvency, reorganization, moratorium or other reorganization and similar laws, laws now or hereafter in effect, effect relating to or affecting the enforcement of creditors’ creditor’s rights in general, generally and except as such enforceability may be limited by to general principles of equity (whether considered applied in a suit proceeding at law or in equity).
Appears in 3 contracts
Sources: Sale and Servicing Agreement (Goldman Sachs Asset Backed Securities Corp), Sale and Servicing Agreement (Goldman Sachs Asset Backed Securities Corp), Sale and Servicing Agreement (Goldman Sachs Asset Backed Securities Corp)
Binding Obligation. Each Such Receivable represents the genuine, legal, valid valid, and binding payment obligation in writing of the Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws, now or hereafter in effect, affecting the enforcement of creditors’ ' rights in general, general and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity).
Appears in 3 contracts
Sources: Bulk Receivables Purchase and Sale Agreement (Nicholas Financial Inc), Bulk Receivables Purchase and Sale Agreement (Nicholas Financial Inc), Bulk Receivables Purchase and Sale Agreement (Nicholas Financial Inc)
Binding Obligation. Each Designated Receivable represents the genuine, legal, valid and binding payment obligation in writing of the ObligorObligor thereon, enforceable against the Obligor by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium reorganization or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ ' rights in generalgeneral and by equity, and except as regardless of whether such enforceability may be limited by general principles of equity (whether is considered in a suit proceeding in equity or at law or in equity)law.
Appears in 3 contracts
Sources: Purchase Agreement (Navistar Financial Retail Receivables Corporation), Purchase Agreement (Navistar Financial Retail Receivables Corporation), Purchase Agreement (Navistar Financial Retail Receivables Corporation)
Binding Obligation. Each Receivable represents shall constitute the genuine, legal, valid and binding payment obligation in writing of the related Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be subject to or limited by applicable bankruptcy, insolvency, reorganization, moratorium or liquidation and other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ ' rights in general, general and except as such enforceability may be limited by general principles of equity (equity, regardless of whether such enforceability shall be considered in a suit proceeding in equity or at law or in equity)law.
Appears in 3 contracts
Sources: Standard Terms and Conditions Agreement (Fleetwood Credit Receivables Corp), Standard Terms and Conditions Agreement (Fleetwood Credit Receivables Corp), Standard Terms and Conditions of Agreement (Fleetwood Credit Receivables Corp)
Binding Obligation. Each Receivable represents the genuine, legal, valid and binding payment obligation in writing of the ObligorObligor thereon, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium reorganization or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ ' rights in generalgeneral and by equity, and except as regardless of whether such enforceability may be limited by general principles of equity (whether is considered in a suit proceeding in equity or at law or in equity)law.
Appears in 3 contracts
Sources: Sale Agreement (Banc of America Securities Auto Trust 2005-Wf1), Receivables Purchase Agreement (Bear Stearns Asset Backed Whole Auto Loan Trust 2003-1), Receivables Purchase Agreement (Bear Stearns Asset Backed Whole Auto Loan Trust 2004-1)
Binding Obligation. Each Such Receivable represents the genuine, legal, valid valid, and binding payment obligation in writing of the Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws, now or hereafter in effect, affecting the enforcement of creditors’ rights in general, general and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity).
Appears in 2 contracts
Sources: Loan and Security Agreement (PSQ Holdings, Inc.), Receivables Purchase and Sale Agreement (Money Tree, Inc.)
Binding Obligation. Each Receivable represents shall represent the genuine, legal, valid valid, and binding payment obligation in writing of the Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be limited by subject to applicable bankruptcy, insolvency, reorganization, moratorium or other fraudulent conveyance and similar laws, now or hereafter in effect, affecting the enforcement of laws relating to creditors’ ' rights in general, generally and except as such enforceability may be limited by subject to general principles of equity (whether considered in a suit at law or in equity).
Appears in 2 contracts
Sources: Purchase Agreement (Nationscredit Grantor Trust 1997-1), Purchase Agreement (Nationscredit Grantor Trust 1997-2)
Binding Obligation. Each Receivable represents the genuine, legal, valid and binding payment obligation in writing of the Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws, now or hereafter in effect, affecting the enforcement of creditors’ rights in general, and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity).. Retail Contract
Appears in 2 contracts
Sources: Asset Representations Review Agreement (World Omni Select Auto Trust 2021-A), Asset Representations Review Agreement (World Omni Select Auto Trust 2021-A)
Binding Obligation. Each Designated Receivable represents the genuine, ------------------ legal, valid and binding payment obligation in writing of the ObligorObligor thereon, enforceable against the Obligor by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium reorganization or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ ' rights in generalgeneral and by equity, and except as regardless of whether such enforceability may be limited by general principles of equity (whether is considered in a suit proceeding in equity or at law or in equity).law;
Appears in 2 contracts
Sources: Purchase Agreement (Navistar Financial Retail Receivables Corporation), Purchase Agreement (Navistar Financial Retail Receivables Corporation)
Binding Obligation. Each Such Receivable represents the genuine, legal, valid and binding payment obligation in writing of the related Obligor, enforceable in all material respects by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws, now or hereafter in effect, affecting the enforcement of creditors’ rights in generalgenerally, any state or federal consumer protection laws or regulations and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity).. Receivable File List of Approved Forms
Appears in 2 contracts
Sources: Asset Representations Review Agreement (Carvana Auto Receivables Trust 2022-P2), Asset Representations Review Agreement (Carvana Auto Receivables Trust 2022-P2)
Binding Obligation. Each Receivable represents the genuine, legal, ------------------ valid and binding payment obligation in writing of the related Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium liquidation or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ ' rights in general, generally and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity).
Appears in 2 contracts
Sources: Sale and Servicing Agreement (Pooled Auto Securities Shelf LLC), Receivables Purchase Agreement (Pooled Auto Securities Shelf LLC)
Binding Obligation. Each Receivable represents constitutes the genuine, legal, valid and binding payment obligation in writing of the Obligor, enforceable in all material respects by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable subject to the effect of bankruptcy, insolvency, reorganization, moratorium or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ ' rights in generalgenerally, and except as such enforceability may be limited by general principles each Receivable is not subject to any right of equity (whether considered in a suit at law rescission, setoff, counterclaim or in equity)defense, including the defense of usury.
Appears in 2 contracts
Sources: Sale and Servicing Agreement (Volkswagen Public Auto Loan Securitization LLC), Purchase Agreement (Volkswagen Public Auto Loan Securitization LLC)
Binding Obligation. Each such Receivable represents the genuine, is a legal, valid and binding payment obligation in writing of the Obligor, related Obligor and is enforceable by the holder thereof in accordance with its terms, except as such enforceability may be limited by terms subject to applicable bankruptcy, insolvency, reorganization, moratorium or liquidation and other similar laws, now laws and equitable principles relating to or hereafter in effect, affecting the enforcement of creditors’ rights in general, and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity).' rights;
Appears in 2 contracts
Sources: Sale and Servicing Agreement (Chase Manhattan Bank Usa), Sale and Servicing Agreement (Chase Manhattan Bank Usa)
Binding Obligation. Each Receivable represents the genuine, legal, valid and binding payment obligation in writing of the Obligor, enforceable by the holder thereof in accordance with its terms, except only as such enforceability enforcement may be limited by applicable bankruptcy, insolvency, reorganization, moratorium insolvency or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ ' rights in general, generally and except as all parties to each Receivable had full legal capacity to execute and deliver such enforceability may Receivable and all other documents related thereto and to grant the security interest purported to be limited by general principles of equity (whether considered in a suit at law or in equity)granted thereby.
Appears in 2 contracts
Sources: Purchase Agreement (Triad Financial Corp), Purchase Agreement (Long Beach Acceptance Corp)
Binding Obligation. Each Subsequent Receivable represents shall constitute the genuine, legal, valid and binding payment obligation in writing of the related Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or liquidation and other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ ' rights in general, general and except as such enforceability may be limited by general principles of equity (regardless of whether such enforceability shall be considered in a suit proceeding in equity or at law or in equity)law.
Appears in 2 contracts
Sources: Transfer Agreement (Fleetwood Credit Receivables Corp), Standard Terms and Conditions of Agreement (Fleetwood Credit Receivables Corp)
Binding Obligation. Each Receivable represents the genuine, legal, valid and binding payment obligation in writing of the ObligorObligor thereon, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium reorganization or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ rights in generalgeneral and by equity, and except as regardless of whether such enforceability may be limited by general principles of equity (whether is considered in a suit proceeding in equity or at law or in equity).law;
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Capital Auto Receivables Asset Trust 2006-1)
Binding Obligation. Each such Receivable represents the genuine, legal, valid and binding payment obligation in writing of the Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium insolvency or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ creditors rights in general, and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity)generally.
Appears in 1 contract
Sources: Purchase Agreement (Aegis Consumer Funding Group Inc)
Binding Obligation. Each Receivable represents the genuine, legal, valid and binding payment obligation in writing of the Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable subject to the effect of bankruptcy, insolvency, reorganization, moratorium or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ rights in general, generally and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity)equitable principles.
Appears in 1 contract
Sources: Purchase Agreement (Nissan Auto Receivables 2005-B Owner Trust)
Binding Obligation. Each Designated Receivable represents the genuine, legal, valid and binding payment obligation in writing of the ObligorObligor thereon, enforceable against the Obligor by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium reorganization or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ ' rights in generalgeneral and by equity, and except as regardless of whether such enforceability may be limited by general principles of equity (whether is considered in a suit proceeding in equity or at law or in equitylaw; (f).
Appears in 1 contract
Sources: Receivables Sale Agreement (Navistar Financial Retail Receivables Corporation)
Binding Obligation. Each Receivable represents the genuine, ------------------ legal, valid and binding payment obligation in writing of the Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws, now or hereafter in effect, affecting the enforcement of creditors’ ' rights in general, and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity).
Appears in 1 contract
Sources: Sale and Servicing Agreement (World Omni Auto Receivables LLC)
Binding Obligation. Each Designated Receivable represents the genuine, legal, valid and binding payment obligation in writing of the ObligorObligor thereon, enforceable against the Obligor by the holder thereof in accordance with its terms, except as such enforceability Table of Contents may be limited by applicable bankruptcy, insolvency, reorganization, moratorium reorganization or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ rights in generalgeneral and by equity, and except as regardless of whether such enforceability may be limited by general principles of equity (whether is considered in a suit proceeding in equity or at law or in equity)law.
Appears in 1 contract
Binding Obligation. Each Receivable represents shall constitute the genuine, legal, valid and binding payment obligation in writing of the related Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be subject to or limited by applicable bankruptcy, insolvency, reorganization, moratorium or liquidation and other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ ' rights in general, general and except as such enforceability may be limited by general principles of equity (equity, regardless of whether such enforceability shall be considered in a suit Proceeding in equity or at law or in equity)law.
Appears in 1 contract
Sources: Sale and Servicing Agreement (Fleetwood Credit Receivables Corp)
Binding Obligation. Each Receivable represents the genuine, legal, valid and binding payment obligation in writing of the Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable terms subject to the effect of bankruptcy, insolvency, reorganization, moratorium reorganization or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ ' rights in general, and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity)generally.
Appears in 1 contract
Sources: Receivables Purchase Agreement (Merrill Auto Trust Securitization 2007-1)
Binding Obligation. Each Receivable represents the genuine, legal, valid and binding payment obligation in writing of the Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable terms subject to the effect of bankruptcy, insolvency, reorganization, moratorium or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ rights in general, generally and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity)equitable principles.
Appears in 1 contract
Sources: Sale and Servicing Agreement (Nissan Auto Receivables 2005-B Owner Trust)
Binding Obligation. Each Receivable represents shall constitute the genuine, legal, valid and binding payment obligation in writing of the related Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be subject to or limited by applicable bankruptcy, insolvency, reorganization, moratorium reorganization or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ ' rights in general, general and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity).by
Appears in 1 contract
Sources: Receivables Purchase Agreement (Fleetwood Credit Receivables Corp)
Binding Obligation. Each Receivable represents the genuine, ------------------ legal, valid and binding payment obligation in writing of the related Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium liquidation or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ ' rights in general, generally and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity).
Appears in 1 contract
Sources: Sale and Servicing Agreement (Pooled Auto Securities Shelf LLC)
Binding Obligation. Each Receivable represents the genuine, legal, valid and binding payment obligation in writing of the Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium moratorium, fraudulent conveyance or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ rights in generalgenerally and by equitable limitations on the availability of specific remedies, and except as regardless of whether such enforceability may be limited by general principles of equity (whether is considered in a suit proceeding in equity or at law or in equity)law.
Appears in 1 contract
Sources: Purchase Agreement (Ace Sec Corp Wells Fargo Financial Auto Owner Trust 2004-A)
Binding Obligation. Each Receivable represents shall represent the genuine, legal, valid and binding payment obligation in writing of the Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be limited by subject to applicable bankruptcy, insolvency, reorganization, moratorium or other fraudulent conveyance and similar laws, now or hereafter in effect, affecting the enforcement of laws relating to creditors’ ' rights in general, generally and except as such enforceability may be limited by subject to general principles of equity (whether considered in a suit at law or in equity).
Appears in 1 contract
Binding Obligation. Each Designated Receivable represents the genuine, legal, valid and binding payment obligation in writing of the ObligorObligor thereon, enforceable against the Obligor by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium reorganization or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ rights in generalgeneral and by equity, and except as regardless of whether such enforceability may be limited by general principles of equity (whether is considered in a suit proceeding in equity or at law or in equity).law;
Appears in 1 contract
Sources: Receivables Sale Agreement (Navistar Financial Retail Receivables Corp)
Binding Obligation. Each The Receivable represents constitutes ------------------ the genuine, legal, valid valid, and binding payment obligation in writing of the Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium reorganization or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ ' rights in general, and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity)generally.
Appears in 1 contract
Sources: Sale and Servicing Agreement (First Security Bank Na)
Binding Obligation. Each Receivable represents shall constitute the ------------------ genuine, legal, valid and binding payment obligation in writing of the related Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be subject to or limited by applicable bankruptcy, insolvency, reorganization, moratorium moratorium, liquidation or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ ' rights in general, general and except as such enforceability may be limited by general principles of equity (equity, regardless of whether such enforceability shall be considered in a suit proceeding in equity or at law or in equity)law.
Appears in 1 contract
Sources: Sale and Servicing Agreement (Pooled Auto Securities Shelf LLC)
Binding Obligation. Each Receivable represents the genuine, legal, ------------------ valid and binding payment obligation in writing of the Obligor, enforceable by the holder thereof in accordance with its terms, terms (except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium reorganization or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ ' rights in general, generally) and except as all parties to each Receivable had full legal capacity to execute and deliver such enforceability may Receivable and all other documents related thereto and to grant the security interest purported to be limited by general principles of equity (whether considered in a suit at law or in equity)granted thereby.
Appears in 1 contract
Binding Obligation. Each Subsequent Receivable represents shall constitute the genuine, legal, valid and binding payment obligation in writing of the related Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or liquidation and other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ ' rights in general, general and except as such enforceability may be limited by general principles of equity (regardless of whether such enforceability shall be considered in a suit Proceeding in equity or at law or in equity)law.
Appears in 1 contract
Sources: Sale and Servicing Agreement (Fleetwood Credit Receivables Corp)
Binding Obligation. Each Receivable represents the genuine, ------------------ legal, valid and binding payment obligation in writing of the Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be limited by subject to applicable bankruptcy, insolvency, reorganization, moratorium or other reorganization and similar laws, laws now or hereafter in effect, effect relating to or affecting the enforcement of creditors’ ' rights in general, generally and except as such enforceability may be limited by to general principles of equity (whether considered applied in a suit proceeding at law or in equity).
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Asset Backed Securities Corp)
Binding Obligation. Each Receivable represents the genuine, ------------------ legal, valid and binding payment obligation in writing of the Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable terms subject to the effect of bankruptcy, insolvency, reorganization, moratorium reorganization or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ ' rights in general, and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity)generally.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Nissan Auto Receivables Corp /De)
Binding Obligation. Each Receivable represents the genuine, legal, valid and binding payment obligation in writing of the Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable terms subject to the effect of bankruptcy, insolvency, reorganization, moratorium reorganization or other similar laws, now or hereafter in effect, laws affecting the enforcement of creditors’ rights in general, and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity)generally.
Appears in 1 contract
Sources: Receivables Purchase Agreement (Merrill Auto Trust Securitization 2008-1)
Binding Obligation. Each Receivable represents the genuine, legal, valid and binding payment obligation in writing of the Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be limited by subject to applicable bankruptcy, insolvency, reorganization, moratorium or other reorganization and similar laws, laws now or hereafter in effect, effect relating to or affecting the enforcement of creditors’ rights in general, generally and except as such enforceability may be limited by to general principles of equity (whether considered applied in a suit proceeding at law or in equity).
Appears in 1 contract
Sources: Receivables Purchase Agreement (Goldman Sachs Asset Backed Securities Corp)
Binding Obligation. Each Receivable represents the genuine, ------------------ legal, valid and binding payment obligation in writing of the Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be limited by subject to applicable bankruptcy, insolvency, reorganization, moratorium or other reorganization and similar laws, laws now or hereafter in effect, effect relating to or affecting the enforcement of creditors’ creditor's rights in general, generally and except as such enforceability may be limited by to general principles of equity (whether considered applied in a suit proceeding at law or in equity).
Appears in 1 contract
Sources: Sale and Servicing Agreement (Asset Backed Securities Corp)
Binding Obligation. Each Receivable represents the genuine, legal, valid and binding payment obligation in writing of the ObligorObligor thereunder, enforceable by the holder thereof in accordance with its terms, terms except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganizationmoratorium, moratorium or other fraudulent conveyance, reorganization and similar laws, laws now or hereafter in effect, effect related to or affecting the enforcement of creditors’ ' rights in general, generally and except as such enforceability may be limited by subject to general principles of equity (whether considered applied in a suit proceeding at law or in equity).
Appears in 1 contract