Common use of Valid Contribution; Binding Obligations Clause in Contracts

Valid Contribution; Binding Obligations. This Agreement has been duly executed and delivered, shall effect a valid contribution of the Mortgage Loans and the Other Conveyed Property, enforceable against the Contributor and creditors of and purchasers from the Contributor, and this Agreement constitutes the legal, valid and binding obligation of the Contributor enforceable in accordance with its respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors' rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Valid Contribution; Binding Obligations. This Agreement has been duly executed and delivered, shall effect a valid contribution of the Mortgage Loans and the Other Conveyed Property, enforceable against the Contributor Originator and creditors of and purchasers from the ContributorOriginator, and this Agreement constitutes the legal, valid and binding obligation of the Contributor Originator enforceable in accordance with its respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors' rights generally and by equitable limitations on the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law.