Common use of Due Execution Clause in Contracts

Due Execution. This Transaction SUBI Supplement has been duly executed and delivered by the SUBI Trustee, and this Transaction SUBI Supplement and the Origination Trust Agreement are legal, valid and binding instruments enforceable against the SUBI Trustee in accordance with their respective terms, except as such enforceability may be limited by bankruptcy, insolvency and other similar laws relating to the enforcement of creditors’ rights generally and to general principles of equity.

Appears in 29 contracts

Samples: Origination Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Origination Trust Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Trust Agreement (Vw Credit Leasing LTD)

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Due Execution. This Transaction SUBI Supplement has been duly executed and delivered by the SUBI Trustee, and this Transaction SUBI Supplement and the Origination Trust Agreement are legal, valid and binding instruments enforceable against the SUBI Trustee in accordance with their respective terms, except as such enforceability may be limited by bankruptcy, insolvency and other similar laws relating to the enforcement of creditors' rights generally and to general principles of equity.

Appears in 4 contracts

Samples: Origination Trust Agreement (Volkswagen Public Auto Loan Securitization LLC), Trust Agreement (Volkswagen Auto Lease Trust 2002-A), Trust Agreement (Volkswagen Auto Lease Trust 2004-A)

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Due Execution. This Transaction Purchased SUBI Supplement has been duly executed and delivered by the SUBI Trustee, and this Transaction Purchased SUBI Supplement and the Origination Trust Agreement are legal, valid and binding instruments enforceable against the SUBI Trustee in accordance with their respective terms, except as such enforceability may be limited by bankruptcy, insolvency and other similar laws relating to the enforcement of creditors’ rights generally and to general principles of equity.;

Appears in 1 contract

Samples: Trust Agreement (Cef Equipment Holding LLC)

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