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 Chase USA enforceable against Chase USA 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 14 contracts

Samples: Assignment No (Chase Manhattan Bank Usa), Assignment No (Chase Credit Card Master Trust), Assignment No (Chase Manhattan Bank Usa)

AutoNDA by SimpleDocs

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

Samples: Receivables Purchase Agreement (Chase Issuance Trust), Receivables Purchase Agreement (Chase Card Funding LLC), Receivables Purchase Agreement

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

Samples: Receivables Purchase Agreement (Chase Issuance Trust), Receivables Purchase Agreement (Chase Issuance Trust), Receivables Purchase Agreement

Legal, Valid and Binding Obligation. This Assignment Reassignment constitutes a legal, valid and binding obligation of Chase USA enforceable against Chase USA USA, 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 6 contracts

Samples: Receivables Purchase Agreement (Chase Card Funding LLC), Receivables Purchase Agreement (Chase Issuance Trust), Receivables Purchase Agreement

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

Samples: Pooling and Servicing Agreement (First Usa Credit Card Master Trust), Pooling and Servicing Agreement (Chase Credit Card Master Trust), Pooling and Servicing Agreement (Chase Bank Usa, National Association)

Legal, Valid and Binding Obligation. This Assignment constitutes a legal, valid and binding obligation of Chase USA enforceable en- forceable against Chase USA in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvencyinsol- vency, reorganization, moratorium or other similar laws now or hereafter here- after 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 3 contracts

Samples: Chase Credit Card Master Trust, Chase Credit Card Master Trust, Chase Credit Card Master Trust

Legal, Valid and Binding Obligation. This Assignment constitutes a legal, valid and binding obligation of Chase USA enforceable against Chase USA 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 Usa Credit Card Master Trust), Pooling and Servicing Agreement (Chase Credit Card Master Trust)

Legal, Valid and Binding Obligation. This Assignment ----------------------------------- constitutes a legal, valid and binding obligation of Chase USA enforceable against Chase USA 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 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 (Chase Manhattan Bank Usa), Pooling and Servicing Agreement (Chase Manhattan Bank Usa)

AutoNDA by SimpleDocs

Legal, Valid and Binding Obligation. This The Assignment constitutes ----------------------------------- a legal, valid and binding obligation of Chase USA USA, enforceable against Chase USA 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 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 (Chase Manhattan Bank Usa), Pooling and Servicing Agreement (Chase Manhattan Bank Usa)

Legal, Valid and Binding Obligation. This The Assignment constitutes ----------------------------------- a legal, valid and binding obligation of Chase USA USA, enforceable against Chase USA 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: Chase Manhattan Bank Usa

Legal, Valid and Binding Obligation. This Assignment constitutes a legal, valid and binding obligation of Chase USA enforceable en forceable against Chase USA in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvencyinsol vency, reorganization, moratorium or other similar laws now or hereafter here after 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: Chase Manhattan Bank /Ny/

Legal, Valid and Binding Obligation. This Assignment ----------------------------------- constitutes a legal, valid and binding obligation of Chase USA enforceable against Chase USA 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: Chase Manhattan Bank Usa

Legal, Valid and Binding Obligation. This Assignment constitutes a legal, valid and binding obligation of Chase USA enforceable against Chase USA in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganizationreorganiza tion, 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 gener al principles of equity (whether considered in a suit at law or in equity).

Appears in 1 contract

Samples: Chase Credit Card Master Trust

Time is Money Join Law Insider Premium to draft better contracts faster.