Common use of Legal, Valid and Binding Obligation Clause in Contracts

Legal, Valid and Binding Obligation. This Assignment constitutes a legal, valid and binding obligation of the Transferor enforceable against the Transferor 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 52 contracts

Samples: Transfer and Servicing Agreement (First Usa Credit Card Master Trust), Transfer and Servicing Agreement (HSBC Private Label Credit Card Master Note Trust (Usa) I), Transfer and Servicing Agreement (Chase Issuance Trust)

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Legal, Valid and Binding Obligation. This Assignment constitutes a legal, valid and binding obligation of the Transferor enforceable against the Transferor 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 20 contracts

Samples: Transfer and Servicing Agreement (Compucredit Corp), Transfer and Servicing Agreement (Advanta Business Recievables Corp), Transfer and Servicing Agreement (Advanta Business Recievables Corp)

Legal, Valid and Binding Obligation. This Assignment constitutes a legal, valid and binding obligation of the Transferor enforceable against the Transferor 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 17 contracts

Samples: Transfer and Servicing Agreement (Nordstrom Inc), Transfer and Servicing Agreement (First Usa Credit Card Master Trust), Transfer and Servicing Agreement (Wachovia Card Receivables LLC)

Legal, Valid and Binding Obligation. This Assignment Reassignment constitutes a legal, valid and binding obligation of the Transferor enforceable against the Transferor Transferor, 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);; and

Appears in 14 contracts

Samples: Note Purchase Agreement (Bon Ton Stores Inc), Transfer and Servicing Agreement (Household Affinity Funding Corp Iii), Transfer and Servicing Agreement (Household Affinity Funding Corp Iii)

Legal, Valid and Binding Obligation. This Assignment Reassignment constitutes a legal, valid and binding obligation of the Transferor enforceable against the Transferor Transferor, 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 12 contracts

Samples: Pooling and Servicing Agreement (Target Corp), Transfer and Servicing Agreement (Chase Card Funding LLC), Transfer and Servicing Agreement (Chase Issuance Trust)

Legal, Valid and Binding Obligation. This Assignment constitutes a legal, valid and binding obligation of the Transferor enforceable against the Transferor 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 12 contracts

Samples: Transfer and Servicing Agreement (Nordstrom Credit Inc), Transfer and Servicing Agreement (Chase Manhattan Bank Usa), Transfer and Servicing Agreement (Bank One Delaware National Association)

Legal, Valid and Binding Obligation. This Assignment constitutes a legal, valid and binding obligation of the such Transferor enforceable against the such Transferor 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 11 contracts

Samples: American Express Receivables Financing Corp Ii, American Express Receivables Financing Corp Ii, American Express Receivables Financing Corp Ii

Legal, Valid and Binding Obligation. This Assignment Reassignment constitutes a legal, valid and binding obligation of the Transferor enforceable against the Transferor Transferor, 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 Debtor Relief Laws and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity);; and

Appears in 7 contracts

Samples: Transfer Agreement (American Express Receivables Financing Corp VIII LLC), Transfer Agreement (American Express Receivables Financing Corp VIII LLC), Transfer Agreement

Legal, Valid and Binding Obligation. This Assignment constitutes a legal, valid and binding obligation of the Transferor enforceable against the Transferor 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 7 contracts

Samples: World Financial Network Credit Card Master Trust, Pooling and Servicing Agreement (World Financial Network Credit Card Master Trust), Pooling and Servicing Agreement (Alliance Data Systems Corp)

Legal, Valid and Binding Obligation. This The Assignment constitutes a legal, valid and binding obligation of the Transferor enforceable against the Transferor 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 6 contracts

Samples: Transfer and Servicing Agreement (Chase Issuance Trust), Transfer and Servicing Agreement (Chase Card Funding LLC), Transfer and Servicing Agreement (Chase Issuance Trust)

Legal, Valid and Binding Obligation. This Assignment constitutes a legal, valid and binding obligation of the Transferor enforceable against the Transferor in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium moratorium, receivership, conservatorship or other similar laws now or hereafter in effect affecting the enforcement of creditors’ rights in general or the rights of creditors of a Virginia limited liability company 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 6 contracts

Samples: Pooling and Servicing Agreement (Capital One Master Trust), Pooling and Servicing Agreement (Capital One Funding, LLC), Pooling and Servicing Agreement (Capital One Master Trust)

Legal, Valid and Binding Obligation. This Assignment constitutes a legal, valid and binding obligation of the Transferor such Transferor, enforceable against the such Transferor 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 5 contracts

Samples: Pooling and Servicing Agreement (American Express Credit Account Master Trust), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Legal, Valid and Binding Obligation. This Assignment Reassignment constitutes a legal, valid and binding obligation of the Transferor enforceable against the Transferor Transferor, 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 5 contracts

Samples: Transfer and Servicing Agreement (First Usa Credit Card Master Trust), Pooling and Servicing Agreement (Pier 1 Imports Inc/De), Pooling and Servicing Agreement (Target Receivables Corp)

Legal, Valid and Binding Obligation. This Assignment Reassignment constitutes a legal, valid and binding obligation of the such Transferor enforceable against the Transferor such Transferor, 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);; and

Appears in 5 contracts

Samples: Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC), Pooling and Servicing Agreement (American Express Credit Account Master Trust), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)

Legal, Valid and Binding Obligation. This Assignment constitutes a legal, valid and binding obligation of the Transferor enforceable against the Transferor 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 the rights of creditors of insured depository institutions 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 4 contracts

Samples: Pooling and Servicing Agreement (Cabela's Master Credit Card Trust), Pooling and Servicing Agreement (Cabela's Master Credit Card Trust), Pooling and Servicing Agreement (Cabela's Master Credit Card Trust)

Legal, Valid and Binding Obligation. This Assignment Reassignment constitutes a legal, valid and binding obligation of the Transferor enforceable against the Transferor 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 4 contracts

Samples: Pooling and Servicing Agreement (Fingerhut Receivables Inc), Pooling and Servicing Agreement (Metris Companies Inc), Pooling and Servicing Agreement (A I Receivables Corp)

Legal, Valid and Binding Obligation. This The Assignment constitutes a legal, valid and binding obligation of the Transferor Transferor, enforceable against the Transferor 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 4 contracts

Samples: Pooling and Servicing Agreement (Cabela's Master Credit Card Trust), Pooling and Servicing Agreement (Cabela's Master Credit Card Trust), Pooling and Servicing Agreement (Cabela's Master Credit Card Trust)

Legal, Valid and Binding Obligation. This Assignment constitutes a legal, valid and binding obligation of the Transferor such Transferor, enforceable against the such Transferor 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 4 contracts

Samples: Pooling and Servicing Agreement (American Express Credit Account Master Trust), Pooling and Servicing Agreement (American Express Receivables Financing Corp Ii), Pooling and Servicing Agreement (American Express Credit Account Master Trust)

Legal, Valid and Binding Obligation. This Assignment Reassignment constitutes a legal, valid and binding obligation of the Transferor enforceable against the Transferor Transferor, 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 4 contracts

Samples: World Financial Network Credit Card Master Trust, World Financial Network Credit Card Master Trust, Pooling and Servicing Agreement (Alliance Data Systems Corp)

Legal, Valid and Binding Obligation. This Assignment constitutes a legal, valid and binding obligation of the Transferor enforceable against the Transferor 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 the rights of creditors of national banking associations 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 4 contracts

Samples: Transfer and Servicing Agreement (First Bankcard Master Credit Card Trust), Pooling and Servicing Agreement (First Bankcard Master Credit Card Trust), Pooling and Servicing Agreement (First Bankcard Master Credit Card Trust)

Legal, Valid and Binding Obligation. This Assignment Reassignment constitutes a legal, valid and binding obligation of the such Transferor enforceable against the Transferor such Transferor, 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);; and

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (American Express Credit Account Master Trust), Pooling and Servicing Agreement (American Express Receivables Financing Corp Iii LLC), Pooling and Servicing Agreement (American Express Credit Account Master Trust)

Legal, Valid and Binding Obligation. This Assignment Reassignment constitutes a legal, valid and binding obligation of the Transferor enforceable against the Transferor Transferor, 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

Samples: Pooling and Servicing Agreement (First National Bank of Commerce), Pooling and Servicing Agreement (First National Bank of Commerce), Mellon Bank Premium Finance Loan Master Trust

Legal, Valid and Binding Obligation. This Assignment Reassignment constitutes a legal, valid and binding obligation of the Transferor enforceable against the Transferor 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 the rights of creditors of national banking associations 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

Samples: Transfer and Servicing Agreement (First National Funding LLC), Transfer and Servicing Agreement (First National Funding LLC), Transfer and Servicing Agreement (First National Master Note Trust)

Legal, Valid and Binding Obligation. This Assignment Reassignment constitutes a legal, valid and binding obligation of the Transferor enforceable against the Transferor Transferor, 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

Samples: Transfer and Servicing Agreement (HSBC Private Label Credit Card Master Note Trust (Usa) I), Transfer and Servicing Agreement (HSBC Credit Card Master Note Trust (Usa) I), Transfer and Servicing Agreement (Nordstrom Inc)

Legal, Valid and Binding Obligation. This Assignment constitutes a legal, valid and binding obligation of the Transferor enforceable against the Transferor 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);; (b)

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Partners First Receivables Funding Corp), Pooling and Servicing Agreement (Partners First Receivables Funding Corp), Pooling and Servicing Agreement (Partners First Credit Card Master Trust)

Legal, Valid and Binding Obligation. This Assignment constitutes a legal, valid and binding obligation of the Transferor enforceable against the Transferor 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 the rights of creditors of national banking associations 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

Samples: Transfer and Servicing Agreement (First National Funding LLC), Transfer and Servicing Agreement (First National Funding LLC), Transfer and Servicing Agreement (First National Master Note Trust)

Legal, Valid and Binding Obligation. This Assignment Reassignment ---------------------------------- constitutes a legal, valid and binding obligation of the such Transferor enforceable against the Transferor 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 the rights of creditors of state-chartered banking associations 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

Samples: Pooling and Servicing Agreement (Peoples Bank), Pooling and Servicing Agreement (Peoples Bank Credit Card Master Trust), Pooling and Servicing Agreement (Peoples Bank Credit Card Master Trust)

Legal, Valid and Binding Obligation. This Assignment Reassignment constitutes a legal, valid and binding obligation of the Transferor enforceable against the Transferor 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

Samples: Transfer Agreement (GE Capital Credit Card Master Note Trust), Transfer Agreement (RFS Holding LLC), Transfer Agreement (Synchrony Credit Card Master Note Trust)

Legal, Valid and Binding Obligation. This Assignment constitutes a legal, valid and binding obligation of the Transferor enforceable against the Transferor 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 Debtor Relief Laws 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

Samples: Pooling and Servicing Agreement (Providian Master Trust), Pooling and Servicing Agreement (Providian Master Trust)

Legal, Valid and Binding Obligation. This Assignment constitutes a legal, valid and binding obligation of the Transferor enforceable against the Transferor in accordance with its terms, except as such enforceability may be limited by applicable bankruptcyreceivership or conservatorship, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' rights in general and the rights of creditors of national banking associations 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

Samples: Transfer and Servicing Agreement (World Financial Network Credit Card Master Trust), Transfer and Servicing Agreement (World Financial Network Credit Card Master Trust)

Legal, Valid and Binding Obligation. This Assignment constitutes a ------------------------------------ legal, valid and binding obligation of the Transferor enforceable against the Transferor in accordance with its terms, except as such enforceability may be limited by applicable bankruptcyreceivership or conservatorship, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' rights in general and the rights of creditors of national banking associations 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

Samples: Pooling and Servicing Agreement (Spiegel Inc), Pooling and Servicing Agreement (First Consumers Master Trust)

Legal, Valid and Binding Obligation. This Assignment Reassignment constitutes a legal, valid and binding obligation of the Transferor enforceable against the Transferor Transferor, 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 2 contracts

Samples: Pooling and Servicing Agreement (At&t Universal Funding Corp), Transfer and Servicing Agreement (Nordstrom Inc)

Legal, Valid and Binding Obligation. This Assignment Reassignment constitutes a legal, valid and binding obligation of the Transferor enforceable against the Transferor 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 the rights of creditors of national banking associations 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

Samples: Transfer and Servicing Agreement (First Bankcard Master Credit Card Trust), Transfer and Servicing Agreement (First Bankcard Master Credit Card Trust)

Legal, Valid and Binding Obligation. This The Assignment constitutes a legal, valid and binding obligation of the Transferor Transferor, enforceable against the Transferor 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 2 contracts

Samples: Pooling and Servicing Agreement (Stage Stores Inc), Pooling and Servicing Agreement (Apparel Retailers Inc)

Legal, Valid and Binding Obligation. This Assignment Reassignment constitutes a legal, valid and binding obligation of the Transferor enforceable against the Transferor 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 2 contracts

Samples: Pooling and Servicing Agreement (Apparel Retailers Inc), Pooling and Servicing Agreement (Stage Stores Inc)

Legal, Valid and Binding Obligation. This Assignment Reassignment constitutes a legal, valid and binding obligation of the Transferor enforceable against the Transferor Transferor, 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);; and

Appears in 2 contracts

Samples: Transfer and Servicing Agreement (Signet Jewelers LTD), Transfer and Servicing Agreement (American Express Issuance Trust)

Legal, Valid and Binding Obligation. This Assignment Reassignment constitutes a legal, valid and binding obligation of the Transferor enforceable against the Transferor Transferor, 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 Debtor Relief Laws 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

Samples: Transfer Agreement (Dryrock Issuance Trust), Transfer Agreement (Dryrock Issuance Trust)

Legal, Valid and Binding Obligation. This Assignment Reassignment constitutes a legal, valid and binding obligation of the Transferor enforceable against the Transferor such Transferor, 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 the rights of creditors of national banking associations 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

Samples: Pooling and Servicing Agreement (Providian Master Trust), Pooling and Servicing Agreement (Providian Master Trust)

Legal, Valid and Binding Obligation. This Assignment Reassignment constitutes a legal, valid and binding obligation of the Transferor enforceable against the Transferor 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 the rights of creditors of national banking associations 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

Samples: Pooling and Servicing Agreement (First Bankcard Master Credit Card Trust), Pooling and Servicing Agreement (First Bankcard Master Credit Card Trust)

Legal, Valid and Binding Obligation. This Assignment Reassignment constitutes a legal, valid and binding obligation of the Transferor such Participating Transferor, enforceable against the such Participating Transferor 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

Samples: Pooling and Servicing Agreement (Fleet Credit Card Master Trust Ii)

Legal, Valid and Binding Obligation. This Assignment Reassignment constitutes ---------------------------------- a legal, valid and binding obligation of the Transferor enforceable against the Transferor Transferor, in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, conservatorship, 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);; and

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First National Bank of Atlanta)

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Legal, Valid and Binding Obligation. This Assignment Reassignment ---------------------------------- constitutes a legal, valid and binding obligation of the Transferor enforceable against the Transferor Transferor, 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);; and

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Household Credit Card Master Note Trust I)

Legal, Valid and Binding Obligation. This Assignment Reassignment constitutes a legal, valid and binding obligation of the Transferor enforceable against the Transferor 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);; Walmart Reassignment

Appears in 1 contract

Samples: Transfer Agreement (RFS Holding LLC)

Legal, Valid and Binding Obligation. This Assignment constitutes ----------------------------------- a legal, valid and binding obligation of the Transferor enforceable against the Transferor in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or and 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);; (b)

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Firestone Retail Credit Corp)

Legal, Valid and Binding Obligation. This The Assignment constitutes a legal, valid and binding obligation of the Transferor The Transferor, enforceable against the The Transferor 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 the rights of creditors of (banking associations) 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

Samples: Pooling and Servicing Agreement (Dillard Asset Funding Co)

Legal, Valid and Binding Obligation. This Assignment constitutes a ----------------------------------- legal, valid and binding obligation of the Transferor enforceable against the Transferor in accordance with its terms, except as such enforceability may be limited by applicable bankruptcyreceivership or conservatorship, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' rights in general and the rights of creditors of national banking associations 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

Samples: Pooling and Servicing Agreement (First Consumers Master Trust)

Legal, Valid and Binding Obligation. This Assignment constitutes ----------------------------------- a legal, valid and binding obligation of the Transferor enforceable against the Transferor in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now not or hereafter in effect affecting the enforcement of creditors' rights in general and creditors of national banking associations 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

Samples: Master Pooling and Servicing Agreement (First North American National Bank)

Legal, Valid and Binding Obligation. This Assignment Reassignment constitutes a ---------------------------------- legal, valid and binding obligation of the such Transferor enforceable against the Transferor 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 the rights of creditors of state-chartered banking associations 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

Samples: Pooling and Servicing Agreement (Peoples Bank Credit Card Master Trust)

Legal, Valid and Binding Obligation. This Assignment Reassignment constitutes a legal, valid and binding obligation of the Transferor Transferor, enforceable against the Transferor in accordance with its terms, except as such enforceability may be limited by subject to applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' rights in general and the rights of creditors of national banking associations and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity);; and (b)

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Nordstrom Inc)

Legal, Valid and Binding Obligation. This Assignment constitutes a legal, valid and binding obligation of the Transferor enforceable against the Transferor in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, receivership, conservatorship, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors' rights in general and creditors of national banking associations and except as such enforceability may be limited by general principles of equity (whether considered in a suit proceeding at law or in equity);.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Proffitts Credit Corp)

Legal, Valid and Binding Obligation. This Assignment constitutes a legal, valid and binding obligation of the Transferor such Participating Transferor, enforceable against the such Participating Transferor in accordance with its terms, except as such enforceability may be limited by applicable subject to bankruptcy, insolvency, reorganization, moratorium or other similar laws now of general applicability relating to or hereafter in effect affecting the enforcement of creditors’ rights in general ' rights, and except as such enforceability may be limited by to general principles of equity (whether considered in a suit at law or in equity);

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Fleet Credit Card Master Trust Ii)

Legal, Valid and Binding Obligation. This Assignment constitutes a legal, valid and binding obligation of the Transferor such Transferor, enforceable against the such Transferor 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

Samples: Pooling and Servicing Agreement (American Express Credit Account Master Trust)

Legal, Valid and Binding Obligation. This Assignment constitutes Reassignment Constitutes a legal, valid and binding obligation of the Transferor enforceable against the Transferor 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 the rights of creditors of banking associations 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

Samples: Pooling and Servicing Agreement (Dillard Asset Funding Co)

Legal, Valid and Binding Obligation. This Assignment ---------------------------------- constitutes a legal, valid and binding obligation of the Transferor enforceable against the Transferor 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

Samples: Transfer and Servicing Agreement (Household Credit Card Master Note Trust I)

Legal, Valid and Binding Obligation. This Assignment constitutes consti tutes a legal, valid and binding obligation of the Transferor enforceable against the Transferor 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

Samples: Pooling and Servicing Agreement (Metris Companies Inc)

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

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Advanta Corp)

Legal, Valid and Binding Obligation. This The Assignment constitutes a legal, valid and binding obligation of the Transferor Transferor, enforceable against the Transferor 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

Samples: Pooling and Servicing Agreement (Fingerhut Receivables Inc)

Legal, Valid and Binding Obligation. This Assignment constitutes ---------------------------------- a legal, valid and binding obligation of the Transferor enforceable against the Transferor 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 the rights of creditors of national banking associations 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

Samples: Pooling and Servicing Agreement (Spiegel Credit Corp Iii)

Legal, Valid and Binding Obligation. This Assignment constitutes a legal, valid and binding obligation of the Transferor Transferor, enforceable against the Transferor 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 Debtor Relief Laws 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

Samples: Pooling and Servicing Agreement and Indenture of Trust (American Finance Group Inc /De/)

Legal, Valid and Binding Obligation. This Assignment Reassignment constitutes a legal, valid and binding obligation of the Transferor enforceable against the Transferor 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);; Reassignment No. 4 and Eighth Amendment to Transfer Agreement

Appears in 1 contract

Samples: Transfer Agreement (GE Capital Credit Card Master Note Trust)

Legal, Valid and Binding Obligation. This Assignment Reassignment constitutes a legal, valid and binding obligation of the Transferor enforceable against the Transferor Transferor, in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, reorganization, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect and legal principles affecting the enforcement of creditors’ rights generally from time to time in general effect and except as such enforceability may be limited by general principles of equity (equitable principles, whether considered applied in a suit an action at law or in equity);; and

Appears in 1 contract

Samples: Transfer Agreement

Legal, Valid and Binding Obligation. This Assignment constitutes a legal, valid and binding obligation of the Transferor Transferor, enforceable against the Transferor in accordance with its terms, except as such enforceability may be limited by subject to 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);hereafter

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Nordstrom Inc)

Legal, Valid and Binding Obligation. This Assignment Reassignment constitutes a legal, valid and binding obligation of the Transferor such Transferor, enforceable against the such Transferor 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 the rights of creditors of national banking associations] and except as such enforceability may my be limited by general principles of equity (whether considered in a suit at law or in equity);

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Advanta Corp)

Legal, Valid and Binding Obligation. This Assignment Reassignment constitutes ----------------------------------- a legal, valid and binding obligation of the Transferor enforceable against the Transferor Transferor, 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);; and

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Firestone Retail Credit Corp)

Legal, Valid and Binding Obligation. This Assignment constitutes a legal, valid and binding obligation of the Transferor enforceable against the Transferor 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);; (b)

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First National Bank of Commerce)

Legal, Valid and Binding Obligation. This Assignment constitutes a legal, valid and binding obligation of the Transferor transferor enforceable against the Transferor transferor 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 the rights of creditors of [banking associations] 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

Samples: Pooling and Servicing Agreement (Dillard Asset Funding Co)

Legal, Valid and Binding Obligation. This Assignment constitutes a ---------------------------------- legal, valid and binding obligation of the Transferor enforceable against the Transferor in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, conservatorship, 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

Samples: Pooling and Servicing Agreement (First National Bank of Atlanta)

Legal, Valid and Binding Obligation. This Assignment Reassignment constitutes a legal, valid and binding obligation of the Transferor enforceable against the Transferor Transferor, 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);; only for removals pursuant to Section 2.9(a) of the Agreement

Appears in 1 contract

Samples: Pooling and Servicing Agreement (World Financial Network National Bank)

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