Common use of Binding Obligation Clause in Contracts

Binding Obligation. This Agreement constitutes a legal, valid, and binding obligation of the Transferee, enforceable against it in accordance with its terms, except as enforceability may be subject to or limited by bankruptcy, insolvency, reorganization, moratorium, liquidation, or other similar laws affecting the enforcement of creditors’ rights in general and by general principles of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at law.

Binding Obligation. This Agreement constitutes a legal, valid, valid and binding obligation of the TransfereeTransferor, enforceable against it in accordance with its terms, except as enforceability may be subject to or limited by bankruptcy, insolvency, reorganization, moratorium, liquidation, liquidation or other similar laws affecting the enforcement of creditors’ rights in general and by general principles of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at law.

Binding Obligation. This Agreement constitutes a legal, valid, valid and binding obligation of the Transferee, enforceable against it in accordance with its terms, except as enforceability may be subject to or limited by bankruptcy, insolvency, reorganization, moratorium, liquidation, liquidation or other similar laws affecting the enforcement of creditors’ rights in general and by general principles of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at law.

Binding Obligation. This Agreement constitutes a legal, valid, and binding obligation of the TransfereeTransferor, enforceable against it in accordance with its terms, except as enforceability may be subject to or limited by bankruptcy, insolvency, reorganization, moratorium, liquidation, or other similar laws affecting the enforcement of creditors’ rights in general and by general principles of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at law.

Binding Obligation. This Agreement constitutes a legal, valid, valid and binding obligation of the TransfereeTransferor, enforceable against it in accordance with its terms, except as such enforceability may be subject to or limited by bankruptcy, insolvency, reorganization, moratorium, liquidation, fraudulent conveyance or other similar laws affecting the enforcement of creditors’ rights in general and by general principles of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at in law.

Binding Obligation. This Agreement constitutes a legal, valid, valid and binding obligation of the Transferee, enforceable against it Transferee in accordance with its terms, except subject, as enforceability may be subject to or limited by enforceability, to applicable bankruptcy, insolvency, reorganization, moratoriumconservatorship, liquidationreceivership, or liquidation and other similar laws affecting the enforcement of creditors’ rights in and to general and by general principles of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at lawequitable principles.

Binding Obligation. This Agreement constitutes a legal, valid, and binding obligation of the TransfereeTransferor, enforceable against it in accordance with its terms, except as enforceability may be subject to or limited by bankruptcy, insolvency, reorganization, moratorium, liquidation, or other similar laws affecting the enforcement of creditors’ ' rights in general and by general principles of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at law.

Binding Obligation. This Agreement constitutes a legal, valid, and binding obligation of the Transferee, enforceable against it in accordance with its terms, except as enforceability may be subject to or limited by bankruptcy, insolvency, reorganization, moratorium, liquidation, or other similar laws affecting the enforcement of creditors’ ' rights in general and by general principles of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at law.

Binding Obligation. This Agreement constitutes a legal, valid, valid and binding obligation of the Transferee, enforceable against it in accordance with its terms, except as enforceability may be subject to or limited by bankruptcy, insolvency, reorganization, moratorium, liquidation, liquidation or other similar laws affecting the enforcement of creditors’ ' rights in general and by general principles of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at law.

Binding Obligation. This Agreement constitutes a legal, valid, valid and binding obligation of the TransfereeTransferor, enforceable against it in accordance with its terms, except as enforceability may be subject to or limited by bankruptcy, insolvency, reorganization, moratorium, liquidation, liquidation or other similar laws affecting the enforcement of creditors’ ' rights in general and by general principles of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at law.

Binding Obligation. This Agreement constitutes is a legal, valid, valid and binding obligation of the TransfereeTransferor, enforceable against it in accordance with its terms, except as such enforceability may be subject to or limited by bankruptcy, insolvency, reorganization, moratorium, liquidation, fraudulent conveyance or other similar laws affecting the enforcement of creditors’ ' rights in general generally and by general principles of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at law.

Binding Obligation. This Agreement constitutes a legal, valid, valid and binding obligation of the Transferee, Transferor enforceable against it the Transferor in accordance with its terms, except as enforceability may be terms subject to or limited by bankruptcy, receivership, insolvency, fraudulent transfer, reorganization, moratorium, liquidation, moratorium or other similar laws affecting the enforcement of creditors’ ' rights generally from time to time in general effect and by to general principles of equity, equity (regardless of whether such enforceability shall be considered in a proceeding in equity or at law).

Binding Obligation. This Agreement constitutes shall have been duly authorized by all necessary corporate action on the part of the Transferee and shall evidence a valid sale, transfer and assignment of the Assets, enforceable against creditors of and purchasers from the Transferee; and shall constitute a legal, valid, valid and binding obligation of the Transferee, Transferee enforceable against it in accordance with its terms, except as enforceability may be subject to or limited by bankruptcy, insolvency, reorganization, moratorium, liquidation, reorganization or other similar laws affecting the enforcement of creditors’ rights in general and generally or by general principles of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at lawprinciples.

Binding Obligation. This Agreement constitutes shall have been duly authorized by all necessary corporate action on the part of the Transferor and shall evidence a valid sale, transfer and assignment of the Assets, enforceable against creditors of and purchasers from the Transferor; and shall constitute a legal, valid, valid and binding obligation of the Transferee, Transferor enforceable against it in accordance with its terms, except as enforceability may be subject to or limited by bankruptcy, insolvency, reorganization, moratorium, liquidation, reorganization or other similar laws affecting the enforcement of creditors’ rights in general and generally or by general principles of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at lawprinciples.

Binding Obligation. This Agreement constitutes a legal, valid, valid and binding obligation of the Transferee, Transferor enforceable against it in accordance with its terms, except as enforceability to the extent that such enforcement may be subject to or limited by bankruptcy, insolvency, reorganization, moratorium, liquidation, moratorium or other similar laws affecting now or hereafter in effect relating to creditors' rights generally, and the enforcement remedy of creditors’ rights in general specific performance and by general principles injunctive relief may be subject to certain equitable defenses and to the discretion of equity, regardless of whether such enforceability shall the court before which any proceeding therefor may be considered in a proceeding in equity or at lawbrought.

Binding Obligation. This Agreement has been duly and validly executed and delivered by Transferee to Transferor and constitutes a legal, valid, valid and binding obligation agreement of the Transferee, enforceable against it Transferee in accordance with its terms, except as enforceability that such enforcement may be subject to or limited by bankruptcy, conservatorship, receivership, insolvency, reorganization, moratorium, liquidation, moratorium or other similar laws affecting creditors' rights generally or the enforcement rights of creditors’ rights in general creditors of limited partnerships and by to general principles of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at law.

Binding Obligation. This Agreement constitutes a legal, valid, and binding obligation of the Transferee, enforceable against it in accordance with its terms, except as enforceability may be subject to or limited by bankruptcy, insolvency, reorganization, moratorium, liquidation, or other similar laws affecting the enforcement of creditors’ ' rights in general and by general principles of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at law.. Trust SUBI Certificate Transfer Agreement

Binding Obligation. This Agreement constitutes a legal, valid, valid and binding obligation of the Transferee, Transferor enforceable against it the Transferor in accordance with its terms, except as enforceability may be terms subject to or limited by bankruptcy, receivership, insolvency, fraudulent transfer, reorganization, moratorium, liquidation, moratorium or other similar laws affecting the enforcement of creditors’ rights generally from time to time in general effect and by to general principles of equity, equity (regardless of whether such enforceability shall be considered in a proceeding in equity or at law).

Binding Obligation. This Agreement constitutes a legal, valid, and binding obligation of the Transferee, enforceable against it in accordance with its terms, except as enforceability may be subject to or limited by bankruptcy, insolvency, reorganization, moratorium, liquidation, or other similar laws affecting the enforcement of creditors’ rights in general and by general principles of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at law.. (NALT 2011-A SUBI Certificate Transfer Agreement)

Binding Obligation. This Agreement constitutes a legal, valid, and binding obligation of the Transferee, enforceable against it in accordance with its terms, except as enforceability may be subject to or limited by bankruptcy, insolvency, reorganization, moratorium, liquidation, or other similar laws affecting the enforcement of creditors’ rights in general and by general principles of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at law.. (NALT 2013-B SUBI Certificate Transfer Agreement)

Binding Obligation. This Agreement constitutes a legal, valid, has been duly executed and delivered by Transferor and is the valid and binding obligation of the TransfereeTransferor, enforceable against it Transferor in accordance with its terms, terms (except as enforceability such enforcement may be subject to or limited by applicable principles of equity, and by bankruptcy, insolvency, reorganization, moratorium, liquidationreceivership, or conservancy, fraudulent conveyance, liquidation and other similar laws affecting the enforcement of creditors’ ' rights in general and by general principles of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at lawremedies generally).

Binding Obligation. This Agreement constitutes a legal, valid, and binding obligation of the Transferee, enforceable against it in accordance with its terms, except as enforceability may be subject to or limited by bankruptcy, insolvency, reorganization, moratorium, liquidation, or other similar laws affecting the enforcement of creditors’ rights in general and by general principles of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at law.. 5 (NALT 2012-B SUBI Certificate Transfer Agreement)

Binding Obligation. This Agreement constitutes a legal, valid, and binding obligation of the Transferee, enforceable against it in accordance with its terms, except as enforceability may be subject to or limited by bankruptcy, insolvency, 5 (NALT 2016-B SUBI Certificate Transfer Agreement) reorganization, moratorium, liquidation, or other similar laws affecting the enforcement of creditors’ rights in general and by general principles of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at law.

Binding Obligation. This Agreement constitutes a legal, valid, and binding obligation of the Transferee, enforceable against it in accordance with its terms, except as enforceability may be subject to or limited by bankruptcy, insolvency, reorganization, moratorium, liquidation, or other similar laws affecting the enforcement of creditors’ rights in general and by general principles of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at law.. (NALT 2011-B SUBI Certificate Transfer Agreement)

Binding Obligation. This Agreement constitutes a legal, valid, and binding obligation of the Transferee, enforceable against it in accordance with its terms, except as enforceability may be subject to or limited by bankruptcy, insolvency, reorganization, moratorium, liquidation, or other similar laws affecting the enforcement of creditors’ rights in general and by general principles of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at law.. 5 (NALT 2013-A SUBI Certificate Transfer Agreement)

Binding Obligation. This Agreement constitutes a legal, valid, valid and binding obligation of the TransfereeTransferor, enforceable against it in accordance with its terms, except as such enforceability may be subject to or limited by bankruptcy, insolvency, reorganization, moratorium, liquidation, fraudulent conveyance or other similar laws affecting the enforcement of creditors’ ' rights in general and by general principles of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at in law.

Binding Obligation. This Agreement constitutes a legal, valid, has been duly executed and delivered by Transferee and is the valid and binding obligation of the Transferee, enforceable against it in accordance with its terms, terms (except as enforceability such enforcement may be subject to or limited by applicable principles of equity, and by bankruptcy, insolvency, reorganization, moratorium, liquidationreceivership, or conservancy, fraudulent conveyance, liquidation and other similar laws affecting the enforcement of creditors’ ' rights in general and by general principles of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at lawremedies generally).

Binding Obligation. This Agreement constitutes shall constitute a legal, valid, and binding obligation of the Transferee, Transferor enforceable against it in accordance with its terms, terms except only as enforceability such enforcement may be subject to or limited by bankruptcy, insolvency, reorganization, moratorium, liquidation, TRUST AND SERVICING AGREEMENT insolvency or other similar laws affecting the enforcement of creditors’ ' rights in general and by general principles of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at lawgenerally.

Binding Obligation. This Agreement constitutes a legal, valid, valid and binding obligation of the TransfereeTransferor, enforceable against it the Transferor in accordance with its terms, except (i) as such enforceability may be subject to or limited by applicable bankruptcy, insolvency, reorganization, moratorium, liquidation, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors’ creditors rights in general general, and (ii) as such enforceability may be limited by general principles of equity, regardless of equity (whether such enforceability shall be considered in a proceeding suit at law or in equity or at law.equity);

Binding Obligation. This Agreement constitutes a legal, valid, and binding obligation of the Transferee, enforceable against it in accordance with its terms, except as enforceability may be subject to or limited by bankruptcy, insolvency, reorganization, moratorium, liquidation, or other similar laws affecting the enforcement of creditors’ rights in general and by general principles of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at law.. SUBI Certificate Transfer Agreement

Binding Obligation. This Agreement constitutes a legal, valid, ------------------ valid and binding obligation of the TransfereeTransferor, enforceable against it in accordance with its terms, except as such enforceability may be subject to or limited by bankruptcy, insolvency, reorganization, moratorium, liquidation, fraudulent conveyance or other similar laws affecting the enforcement of creditors’ ' rights in general and by general principles of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at in law.

Binding Obligation. This Agreement has been executed and delivered by the Transferor and, assuming authorization, execution, and delivery by the other parties thereto, this Agreement constitutes a legal, valid, and binding valid obligation of the Transferee, Transferor enforceable against it in accordance with its termsthe express terms of this Agreement, except as enforceability enforcement thereof may be subject to or limited by the bankruptcy, insolvency, reorganization, moratorium, liquidation, readjustment of debt, or other similar federal or state laws or equitable principles relating to or affecting the enforcement of creditors’ rights in general and by general principles of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at lawcreditor's rights.

Binding Obligation. This Agreement constitutes a legal, valid, and binding obligation of the Transferee, enforceable against it in accordance with its terms, except as enforceability may be subject to or limited by bankruptcy, insolvency, reorganization, moratorium, liquidation, or other similar laws affecting the enforcement of creditors’ ' rights in general and by general principles of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at law.. Trust SUBI Certificate Transfer Agreement 5

Binding Obligation. This Agreement constitutes a legal, valid, when executed and ------------------ delivered will be the legally valid and binding obligation of the TransfereeTransferor, enforceable against it in accordance with its terms, except as enforceability enforcement may be subject to or limited by bankruptcy, insolvency, reorganization, moratorium, liquidation, moratorium or other similar laws affecting the enforcement of or equitable principles relating to or limiting creditors’ ' rights in general and by general principles of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at lawgenerally.

Binding Obligation. This Agreement constitutes a legal, valid, valid and binding obligation of the TransfereeTransferor, enforceable against it in accordance with its 3 terms, except as enforceability may be subject to or limited by bankruptcy, insolvency, reorganization, moratorium, liquidation, liquidation or other similar laws affecting the enforcement of creditors’ rights in general and by general principles of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at law.. (v)

Binding Obligation. This Agreement constitutes a legal, valid, and binding obligation of the Transferee, enforceable against it in accordance with its terms, except as enforceability may be subject to or limited by bankruptcy, insolvency, reorganization, 5 (NALT 20[●]-[●] SUBI Certificate Transfer Agreement) moratorium, liquidation, or other similar laws affecting the enforcement of creditors’ rights in general and by general principles of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at law.

Binding Obligation. This Agreement constitutes a legal, valid, valid and binding obligation of the Transferee, Transferor enforceable against it in accordance with its terms, except as enforceability to the extent that such enforcement may be subject to or limited by bankruptcy, insolvency, reorganization, moratorium, liquidation, moratorium or other similar laws affecting the enforcement of now or hereafter in effect relating to creditors’ rights in general and by general principles of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at law.' rights

Binding Obligation. This Agreement constitutes a legal, valid, valid and binding obligation of the Transferee, enforceable against it in accordance with its terms, except as enforceability may be subject to or limited by bankruptcy, insolvency, reorganization, moratorium, liquidation, liquidation or other similar laws affecting the enforcement of creditors’ rights in general and by general principles of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at law.. (v)