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.
Appears in 173 contracts
Samples: Asset Representations Review Agreement (CNH Equipment Trust 2019-B), Asset Representations Review Agreement (CNH Equipment Trust 2017-C), Asset Representations Review Agreement (CNH Equipment Trust 2022-A)
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, subject, as to enforcement, to applicable bankruptcy, insolvency, reorganization, liquidation and other similar laws and equitable principles relating to or affecting the enforcement of creditors' rights.
Appears in 45 contracts
Samples: Sale and Servicing Agreement (Usaa Federal Savings Bank), Pooling and Servicing Agreement (Usaa Federal Savings Bank), Receivables Purchase Agreement (Fifth Third Auto Trust 2004-A)
Binding Obligation. Each Standard Receivable and Fixed Value 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.
Appears in 37 contracts
Samples: Sale and Servicing Agreement (DaimlerChrysler Auto Trust 2007-A), Sale and Servicing Agreement (Daimlerchrysler Auto Trust 2008-A), Sale and Servicing Agreement (Daimlerchrysler Auto Trust 2008-B)
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.
Appears in 18 contracts
Samples: Receivables Sale Agreement (GE TF Trust), Receivables Sale Agreement (GE TF Trust), Receivables Purchase and Sale Agreement (GE Equipment Transportation LLC, Series 2013-2)
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 termsterms subject to the effect of bankruptcy, insolvency, reorganization, or other similar laws affecting the enforcement of creditors' rights generally.
Appears in 13 contracts
Samples: Sale and Servicing Agreement (Bear Stearns Asset Backed Whole Auto Loan Trust 2003-1), Sale and Servicing Agreement (Bear Stearns Asset Backed Fund Inc Whole Auto Loan Tr 2002-1), Purchase Agreement (Ford Credit Auto Receivables Two LLC)
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 termsterms subject to the effect of bankruptcy, insolvency, reorganization, or other similar laws affecting the enforcement of creditors' rights generally.
Appears in 12 contracts
Samples: Purchase Agreement (Ford Credit Auto Receivables Two LLC), Purchase Agreement (Ford Credit Auto Receivables Corp), Purchase Agreement (Ford Credit Auto 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, subject to applicable bankruptcy, insolvency, reorganization and similar laws now or hereafter in effect relating to or affecting creditors' rights generally and to general principles of equity (whether applied in a proceeding at law or in equity).
Appears in 8 contracts
Samples: Receivables Purchase Agreement (Bond Securitization LLC), Receivables Purchase Agreement (Bond Securitization LLC), Receivables Purchase Agreement (Gs Mortgage Securities Corp)
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.
Appears in 8 contracts
Samples: Servicing Agreement (First Investors Financial Services Group Inc), Purchase Agreement (Bay View Deposit CORP), Purchase Agreement (Bay View Transaction Corp)
Binding Obligation. Each Receivable represents the genuine, legal, valid and binding payment obligation in writing of the Obligor, enforceable by the holder owner thereof in accordance with its terms.
Appears in 7 contracts
Samples: Transfer and Assignment Agreement (Capital One Auto Receivables LLC), Transfer and Assignment Agreement (Capital One Auto Receivables Trust 2001-B), Transfer and Assignment Agreement (Capital One Auto Finance Trust 2002-C)
Binding Obligation. Each Receivable [Loan] [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.
Appears in 4 contracts
Samples: Receivables Purchase and Sale Agreement (Cef Equipment Holding LLC), Receivables Purchase and Sale Agreement (GECB Equipment Funding, LLC), Receivables Sale Agreement (Cef Equipment Holding 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 termsterms subject to the effect of bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors' rights generally.
Appears in 4 contracts
Samples: Form of Purchase Agreement (Nissan Auto Receivables Corp /De), Purchase Agreement (Nissan Auto Receivables Corp /De), 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. Each Receivable is denominated and payable solely in U.S. dollars.
Appears in 4 contracts
Samples: Master Purchase Agreement (Aegis Consumer Funding Group Inc), Master Trust Agreement (Aegis Consumer Funding Group Inc), Master Trust 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, subject to applicable bankruptcy, insolvency, reorganization and similar laws now or hereafter in effect relating to or affecting creditor’s rights generally and to general principles of equity (whether applied in a proceeding at law or in equity).
Appears in 3 contracts
Samples: Form of Sale and Servicing Agreement (Goldman Sachs Asset Backed Securities Corp), Form of 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 and binding payment obligation in writing of the Obligor, enforceable by the holder thereof in accordance with its terms.. Annex A to Receivables Purchase and Sale Agreement
Appears in 2 contracts
Samples: Receivables Purchase and Sale Agreement (GE Equipment Midticket LLC, Series 2012-1), Receivables Purchase and Sale Agreement (GE Equipment Midticket LLC, Series 2012-1)
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.. Documents Contract List of Approved Contract Forms Procedures to be Performed
Appears in 2 contracts
Samples: Asset Representations Review Agreement (CNH Equipment Trust 2018-A), Asset Representations Review Agreement (CNH Equipment Trust 2018-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.
Appears in 2 contracts
Samples: Acquisition Agreement (Advanta Auto Finance Corp), Pooling and Servicing Agreement (Acc Consumer Finance Corp)
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.enforceable
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Ford Credit Auto Receivables Two L P), Sale and Servicing Agreement (Ford Motor Credit Co)
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 termsterms subject to the effect of bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and by general equitable principles.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Nissan Auto Receivables 2005-B 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 termsterms subject to the effect of bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors' rights generally.
Appears in 1 contract
Samples: 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.terms subject to the effect of bankruptcy, insolvency,
Appears in 1 contract
Samples: Form of Purchase 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.
Appears in 1 contract
Samples: Execution (Autobond Acceptance Corp)
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.terms subject to the effect of bankruptcy, insolvency, reorganization, or other similar laws affecting the enforcement of creditors' rights generally. (v)
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Ford Credit Auto 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 termsterms subject to the effect of bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors’ rights generally.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Merrill Auto Trust Securitization 2008-1)
Binding Obligation. Each Standard 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.
Appears in 1 contract
Samples: Pooling 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 Obligor, enforceable by the holder thereof in accordance with its termsterms subject to the effect of bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors' rights generally.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Nissan Auto Receivables Corp /De)
