Enforceable Obligation. Each of this Agreement and the other Operative Documents to which it is a party is and will be its legal, valid and binding obligation, enforceable against it in accordance with its terms except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforceability of creditors' rights generally and by general equitable principles (whether considered in proceedings in equity or at law).
Appears in 3 contracts
Samples: Sale and Servicing Agreement (Onyx Acceptance Corp), Sale and Servicing Agreement (Onyx Acceptance Corp), Sale and Servicing Agreement (Onyx Acceptance Corp)
Enforceable Obligation. Each of this This Agreement and the other Operative Documents to which it is a party is and will be its legal, valid and binding obligation, enforceable against it in accordance with its terms except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforceability of creditors' rights generally and by general equitable principles (whether considered in proceedings in equity or at law).
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Onyx Acceptance Corp), Sale and Servicing Agreement (Onyx Acceptance Corp)
Enforceable Obligation. Each of this This Agreement and the other Operative Documents to which it is constitutes a party is and will be its legal, valid and binding obligationobligation of the Secured Party, enforceable against it in accordance with its terms except as enforceability may be limited by applicable terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or similar laws affecting the enforceability of creditors' rights generally and by general equitable principles (whether considered in proceedings in equity or at law).other Schedule 1 __________ AGREEMENTS GIVING RISE TO OBLIGATIONS
Appears in 1 contract
Samples: Security Agreement (American Gaming & Entertainment LTD /De)