Common use of Binding Obligation Clause in Contracts

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer enforceable in accordance with its terms subject to bankruptcy, insolvency and other similar laws affecting creditors’ rights generally and subject to equitable principles.

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer enforceable in accordance with its terms except that such enforcement may be subject to bankruptcy, insolvency and insolvency, reorganization, moratorium or other similar laws affecting now or hereafter in effect relating to creditors’ rights generally and the remedy of specific performance and injunctive relief may be subject to certain equitable principlesdefenses and to the discretion of the court before which any proceeding therefor may be brought.

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer, enforceable against the Servicer enforceable in accordance with its terms subject to bankruptcyterms, insolvency except as such enforceability may be limited by (i) applicable Insolvency Laws and other similar laws affecting creditors’ rights generally and subject to equitable principles(ii) general principles of equity (whether considered in a suit at law or in equity).

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer enforceable in accordance with its terms terms, subject to the effect of bankruptcy, insolvency and insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and subject to by general equitable principles, regardless of whether such enforceability shall be considered in equity or law.

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer enforceable in accordance with its terms terms, subject to the effect of bankruptcy, insolvency and insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and subject to by general equitable principles.

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer enforceable in accordance with its terms subject to bankruptcy, insolvency and other similar laws affecting creditors’ creditors rights generally and subject to equitable principles.

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer enforceable in accordance with its terms terms, except as enforceability may be subject to or limited by bankruptcy, insolvency and insolvency, reorganization, moratorium, liquidation or other similar laws affecting the enforcement of creditors’ ' rights generally in general and subject to equitable principlesby general principles of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or in law.

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer enforceable in accordance with its terms terms, subject to the effect of bankruptcy, insolvency and insolvency, reorganization, moratorium or other similar laws affecting creditors’ ' rights generally and subject to by general equitable principles.

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer enforceable in accordance with its terms subject to bankruptcy, insolvency and other similar laws affecting creditors’ ' rights generally and subject to equitable principles.

Binding Obligation. This Agreement Agreement, assuming due authorization, execution and delivery by the other parties hereto, constitutes a legalvalid, valid legal and binding obligation of the Servicer, enforceable against the Servicer enforceable in accordance with its the terms hereof, subject to (A) applicable bankruptcy, insolvency insolvency, reorganization, moratorium and other similar laws affecting the enforcement of creditors’ rights generally generally, and subject to equitable principles(B) general principles of equity, regardless of whether such enforcement is considered in a proceeding in equity or at law.

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer enforceable against the Servicer in accordance with its terms terms, subject to applicable bankruptcy, insolvency insolvency, reorganization, moratorium, fraudulent transfer and other similar laws relating to or affecting creditors’ rights generally from time to time in effect and subject to equitable principlesgeneral principles of equity (including, without limitation, concepts of materiality, reasonableness, good faith and fair dealing), regardless of whether considered in a proceeding in equity or at law.

Binding Obligation. This Servicing Agreement constitutes a legal, valid and binding obligation of the Servicer enforceable against the Servicer in accordance with its terms terms, subject to applicable bankruptcy, insolvency insolvency, reorganization, moratorium, fraudulent transfer and other similar laws relating to or affecting creditors’ rights generally from time to time in effect and subject to equitable principlesgeneral principles of equity (including concepts of materiality, reasonableness, good faith and fair dealing), regardless of whether considered in a proceeding in equity or at law.

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer enforceable against the Servicer in accordance with its terms terms, subject to bankruptcyapplicable insolvency, insolvency reorganization, moratorium, fraudulent transfer and other similar laws relating to or affecting creditors’ rights generally from time to time in effect and subject to equitable principlesgeneral principles of equity (including concepts of materiality, reasonableness, good faith and fair dealing), regardless of whether considered in a proceeding in equity or at law.

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer enforceable against it in accordance with its terms terms, subject to bankruptcyapplicable insolvency, insolvency reorganization, moratorium, fraudulent transfer and other similar laws relating to or affecting creditors’ rights generally from time to time in effect and subject to equitable principlesgeneral principles of equity (including concepts of materiality, reasonableness, good faith and fair dealing), regardless of whether considered in a proceeding in equity or at law.

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer Servicer, enforceable in accordance with its terms terms, subject to applicable bankruptcy, insolvency insolvency, reorganization and other similar laws affecting relating to creditors’ ' rights generally and subject to equitable principlesgeneral principles of equity.

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer Servicer, enforceable in accordance with its terms subject to terms, except as such enforceability may be limited by applicable bankruptcy, insolvency and insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and subject from time to equitable principlestime in effect or by general principles of equity.

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer enforceable against it in accordance with its terms terms, subject to bankruptcyapplicable insolvency, insolvency reorganization, moratorium, fraudulent transfer and other similar laws relating to or affecting creditors’ ' rights generally from time to time in effect and subject to equitable principlesgeneral principles of equity (including concepts of materiality, reasonableness, good faith and fair dealing), regardless of whether considered in a proceeding in equity or at law.

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer, enforceable against the Servicer enforceable in accordance with its terms subject to bankruptcyterms, insolvency except as such enforceability may be limited by (i) applicable Bankruptcy Laws and other similar laws affecting creditors’ rights generally and subject to equitable principles(ii) general principles of equity (whether considered in a suit at law or in equity).

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer enforceable against the Servicer in accordance with its terms terms, subject to applicable bankruptcy, insolvency insolvency, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally from time to time in effect and subject to equitable principlesgeneral principles of equity (including, without limitation, concepts of materiality, reasonableness, good faith and fair dealing), regardless of whether considered in a proceeding in equity or at law.

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer enforceable against the Servicer in accordance with its terms subject to bankruptcy, insolvency and receivership, insolvency, reorganization, moratorium or other similar laws affecting creditors’ ' rights generally from time to time in effect and subject to equitable principlesgeneral principles of equity (regardless of whether considered in a proceeding in equity or at law).

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer Servicer, enforceable in accordance with its terms terms, subject to applicable bankruptcy, insolvency insolvency, moratorium, fraudulent conveyance, reorganization and other similar laws affecting now or hereafter in effect relating to creditors’ ' rights generally generally, and subject to equitable principlesgeneral principles of equity (whether applied in a proceeding at law or in equity).

Binding Obligation. This Agreement constitutes a legal, valid and ------------------ binding obligation of the Servicer enforceable in accordance with its terms subject to bankruptcy, insolvency and other similar laws affecting creditors’ creditors rights generally and subject to equitable principles.

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer enforceable against the Servicer in accordance with its terms subject to bankruptcy, insolvency and receivership, insolvency, fraudulent transfer, reorganization, moratorium or other similar laws affecting creditors’ rights generally from time to time in effect and subject to equitable principlesgeneral principles of equity (regardless of whether considered in a proceeding in equity or at law).

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer enforceable in accordance with its terms terms, subject to bankruptcyapplicable insolvency, insolvency reorganization, moratorium, fraudulent transfer and other similar laws relating to or affecting creditors’ ' rights generally from time to time in effect and subject to equitable principlesgeneral principles of equity (including, without limitation, concepts of materiality, reasonableness, good faith and fair dealing), regardless of whether considered in a proceeding in equity or at law.

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer Servicer, enforceable in accordance with its terms subject to terms, except as such enforceability may be limited by applicable bankruptcy, insolvency and insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally in general and subject to equitable principlesthe rights of creditors of national banking associations.

Binding Obligation. This Agreement Agreement, assuming due authorization, execution and delivery by the other parties hereto, constitutes a legalvalid, valid legal and binding obligation of the Servicer Service Provider, enforceable against the Service Provider in accordance with its the terms hereof, subject to (A) applicable bankruptcy, insolvency insolvency, reorganization, moratorium and other similar laws affecting the enforcement of creditors’ rights generally generally, and subject to equitable principles(B) general principles of equity, regardless of whether such enforcement is considered in a proceeding in equity or at law.

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer, enforceable against the Servicer enforceable in accordance with its terms subject to bankruptcyterms, insolvency and other similar laws affecting creditors’ rights generally and subject to equitable principlesexcept as enforceability may be limited by applicable Debtor Relief Laws or general principles of equity.

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer enforceable against the Servicer in accordance with its terms subject to bankruptcy, insolvency and receivership, insolvency, fraudulent transfer, reorganization, moratorium or other similar laws affecting creditors’ ' rights generally from time to time in effect and subject to equitable principlesgeneral principles of equity (regardless of whether considered in a proceeding in equity or at law).

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Master Servicer enforceable in accordance with its terms terms, subject to applicable bankruptcy, insolvency insolvency, reorganization and other similar laws affecting relating to creditors’ rights generally or the rights of creditors of banks the deposit accounts of which are insured by the FDIC and subject to equitable principlesgeneral principles of equity.

Binding Obligation. This Agreement constitutes a legal, valid ------------------- and binding obligation of the Servicer enforceable in accordance with its terms terms, subject to bankruptcyapplicable insolvency, insolvency reorganization, moratorium, fraudulent transfer and other similar laws relating to or affecting creditors’ ' rights generally from time to time in effect and subject to equitable principlesgeneral principles of equity (including, without limitation, concepts of materiality, reasonableness, good faith and fair dealing), regardless of whether considered in a proceeding in equity or at law.

Binding Obligation. This Agreement constitutes a the legal, valid and ------------------ binding obligation obligations of the Servicer Servicer, enforceable in accordance with its terms subject to bankruptcyterms, insolvency except as enforceability may be limited by Debtor Relief Laws and other similar laws affecting creditors’ rights generally and subject to equitable principlesexcept as such enforceability may be limited by general principles of equity (whether considered in a proceeding at law or in equity).

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

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer enforceable against the Servicer in accordance with its terms subject to applicable bankruptcy, insolvency receivership, insolvency, reorganization, moratorium, fraudulent transfer or conveyance and other similar laws relating to or affecting creditors’ rights generally from time to time in effect and subject to equitable principlesgeneral principles of equity (including, without limitation, concepts of materiality, reasonableness, good faith and fair dealing), regardless of whether considered in a Proceeding in equity or at law.

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer enforceable in accordance with its terms terms, subject to applicable bankruptcy, insolvency insolvency, reorganization and other similar laws nor or hereafter in effect relating to or affecting creditors’ ' rights generally and subject to equitable principlesgeneral principles of equity (whether applied in a proceeding at law or in equity).

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer enforceable in accordance with its terms terms, subject to applicable bankruptcy, insolvency insolvency, reorganization and other similar laws now or hereafter in effect relating to or affecting creditors’ creditor's rights generally and subject to equitable principlesgeneral principles of equity (whether applied in a proceeding at law or in equity).

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer enforceable against the Servicer in accordance with its terms terms, subject to bankruptcyapplicable insolvency, insolvency reorganization, moratorium, fraudulent transfer and other similar laws relating to or affecting creditors’ ' rights generally from time to time in effect and subject to equitable principlesgeneral principles of equity (including concepts of materiality, reasonableness, good faith and fair dealing), regardless of whether considered in a proceeding in equity or at law.

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer, enforceable against the Servicer enforceable in accordance with its terms subject to bankruptcy, insolvency and receivership, insolvency, reorganization, moratorium or other similar laws affecting creditors’ ' rights generally from time to time in effect and subject to equitable principlesgeneral principles of equity (regardless of whether considered in a proceeding in equity or at law).

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer Servicer, enforceable in accordance with its terms subject to terms, except as such enforceability may be limited by applicable bankruptcy, insolvency and insolvency, reorganization, moratorium or other similar laws affecting creditors’ ' rights generally in general and subject to equitable principlesthe rights of creditors of national banking associations.

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer Servicer, enforceable in accordance with its terms subject to terms, except as enforceability may be limited by applicable bankruptcy, insolvency and insolvency, reorganization, moratorium or other similar laws now or hereafter in effect, affecting the enforcement of creditors’ ' rights generally in general and subject to equitable principlesthe rights of creditors of national banking associations.

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer enforceable against the Servicer in accordance with its terms terms, subject to applicable bankruptcy, insolvency receivership, insolvency, reorganization, moratorium, fraudulent transfer or conveyance and other similar laws relating to or affecting creditors’ rights generally from time to time in effect and subject to equitable principlesgeneral principles of equity (including concepts of materiality, reasonableness, good faith and fair dealing), regardless of whether considered in a Proceeding in equity or at law.

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer enforceable against it in accordance with its terms terms, subject to applicable bankruptcy, insolvency receivership, insolvency, reorganization, moratorium, fraudulent transfer and other similar laws relating to or affecting creditors’ rights generally from time to time in effect and subject to equitable principlesgeneral principles of equity (including concepts of materiality, reasonableness, good faith and fair dealing), regardless of whether considered in a proceeding in equity or at law.

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer enforceable in accordance with its terms terms, subject to applicable bankruptcy, insolvency insolvency, reorganization and other similar laws now or hereafter in effect relating to or affecting creditors’ creditor’s rights generally and subject to equitable principlesgeneral principles of equity (whether applied in a proceeding at law or in equity).

Binding Obligation. This Agreement constitutes a legal, valid valid, and binding obligation of the Servicer, enforceable against the Servicer enforceable in accordance with its terms subject to terms, except as enforceability may be limited by bankruptcy, insolvency and insolvency, reorganization, conservatorship, receivership, liquidation or other similar laws affecting the enforcement of creditors’ ' rights generally and subject to by general equitable principles.

Binding Obligation. This Agreement constitutes a legal, valid and binding ------------------ obligation of the Servicer enforceable in accordance with its terms subject to bankruptcy, insolvency and other similar laws affecting creditors’ creditors rights generally and subject to equitable principles.

Binding Obligation. This Servicing Agreement constitutes a legal, valid and binding obligation of the Servicer enforceable against the Servicer in accordance with its terms terms, subject to bankruptcy, insolvency and receivership, fraudulent transfer, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally from time to time in effect and subject to equitable principlesgeneral principles of equity (regardless of whether considered in a proceeding in equity or at law).

Binding Obligation. This Agreement constitutes a legal, valid and ------------------ binding obligation of the Servicer Servicer, enforceable in accordance with its terms terms, subject to applicable bankruptcy, insolvency insolvency, moratorium, fraudulent conveyance, reorganization and other similar laws affecting now or hereafter in effect relating to creditors’ ' rights generally generally, and subject to equitable principlesgeneral principles of equity (whether applied in a proceeding at law or in equity).

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer enforceable in accordance with its terms terms, subject to the effect (Nissan 2013-A Sale and Servicing Agreement) of bankruptcy, insolvency and insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and subject to by general equitable principles.

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer Servicer, enforceable in accordance with its terms terms, subject to applicable bankruptcy, insolvency insolvency, moratorium, fraudulent conveyance, reorganization and other similar laws affecting now or hereafter in effect relating to creditors’ ' rights generally or the rights of creditors of banks the deposit accounts of which are insured by the FDIC, and subject to equitable principlesgeneral principles of equity (whether applied in a proceeding at law or in equity).

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer enforceable against the Servicer in accordance with its terms subject to bankruptcy, insolvency and receivership, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally from time to time in effect and subject to equitable principlesgeneral principles of equity (regardless of whether considered in a proceeding in equity or at law).

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

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Master Servicer enforceable in accordance with its terms subject to bankruptcy, insolvency and other similar laws affecting creditors’ rights generally and subject to equitable principles.

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer enforceable against the Servicer in accordance with its terms terms, subject to bankruptcyapplicable insolvency, insolvency reorganization, moratorium, fraudulent transfer and other similar laws relating to or affecting creditors’ rights generally from time to time in effect and subject to equitable principles.general principles of equity (including concepts of materiality, reasonableness, good faith and fair dealing), regardless of whether considered in a proceeding in equity or at law. (e)

Binding Obligation. This Agreement constitutes a legal, valid and ------------------ binding obligation of the Servicer enforceable in accordance with its terms terms, subject to bankruptcyapplicable insolvency, insolvency reorganization, moratorium, fraudulent transfer and other similar laws relating to or affecting creditors’ ' rights generally from time to time in effect and subject to equitable principlesgeneral principles of equity (including, without limitation, concepts of materiality, reasonableness, good faith and fair dealing), regardless of whether considered in a proceeding in equity or at law.

Binding Obligation. This Servicing Agreement constitutes a legal, valid and binding obligation of the Servicer enforceable against the Servicer in accordance with its terms terms, subject to bankruptcy, insolvency and receivership, fraudulent transfer, insolvency, reorganization, moratorium or other similar laws affecting creditors’ ' rights generally from time to time in effect and subject to equitable principlesgeneral principles of equity (regardless of whether considered in a proceeding in equity or at law).

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer enforceable in accordance with its terms terms, subject to the effect of bankruptcy, insolvency and insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and subject to by general equitable principles.. 52 (Nissan 2013-C Sale and Servicing Agreement)

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer enforceable in accordance with its terms terms, subject to the effect of bankruptcy, insolvency and insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and subject to by general equitable principles., regardless of whether such enforceability shall be considered in equity or law. 47 (Nissan 2017-B Sale and Servicing Agreement)

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer Servicer, enforceable in accordance with its terms terms, subject to applicable bankruptcy, insolvency insolvency, moratorium, fraudulent conveyance, reorganization and other similar laws affecting now or hereafter in effect relating to creditors’ ' rights generally and subject to equitable principlesgeneral principles of equity (whether applied in a proceeding of law or in equity).

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer enforceable against the Servicer in accordance with its terms subject to applicable bankruptcy, insolvency receivership, insolvency, reorganization, moratorium and other similar laws affecting creditors’ rights generally and subject to equitable principles, regardless of whether considered in a Proceeding in equity or at law.

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer enforceable in accordance with its terms terms, subject to the effect of bankruptcy, insolvency and insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and subject to by general equitable principles.. 52 (Nissan 2013-B Sale and Servicing Agreement)

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer Servicer, enforceable in accordance with its terms terms, subject to applicable bankruptcy, insolvency insolvency, moratorium, fraudulent conveyance, reorganization and other similar laws affecting now or hereafter in effect relating to creditors’ ' rights generally generally, and subject to equitable principlesgeneral principles of equity (whether applied in a proceeding of law or in equity).

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer enforceable against the Servicer in accordance with its terms subject to bankruptcy, insolvency and receivership, insolvency, fraudulent transfer, reorganization, moratorium or other similar laws affecting creditors’ rights generally from time to time in effect and subject to equitable principles.general principles of equity (regardless of whether considered in a proceeding in equity or at law). (e)

Binding Obligation. This The Agreement constitutes a legal, valid and binding obligation of the Servicer Servicer, enforceable in accordance with its terms terms, subject to applicable bankruptcy, insolvency insolvency, moratorium, fraudulent conveyance, reorganization and other similar laws affecting now or hereafter in effect relating to creditors’ ' rights generally generally, and subject to equitable principlesgeneral principles of equity (whether applied in a proceeding at law or in equity).

Binding Obligation. This Agreement constitutes a legal, valid and ------------------ binding obligation of the Servicer enforceable in accordance with its terms terms, subject to applicable bankruptcy, insolvency insolvency, reorganization and other similar laws now or hereafter in effect relating to or affecting creditors’ creditor's rights generally and subject to equitable principlesgeneral principles of equity (whether applied in a proceeding at law or in equity).

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer enforceable in accordance with its terms terms, subject to the effect of bankruptcy, insolvency and insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and subject to by general equitable principles., regardless of whether such enforceability shall be considered in equity or law. 50 (NAROT 20[ ]-[ ] Sale and Servicing Agreement)

Binding Obligation. This Agreement constitutes a legal, valid and ------------------ binding obligation of the Servicer enforceable against the Servicer in accordance with its terms subject to bankruptcy, insolvency and receivership, insolvency, fraudulent transfer, reorganization, moratorium or other similar laws affecting creditors’ ' rights generally from time to time in effect and subject to equitable principlesgeneral principles of equity (regardless of whether considered in a proceeding in equity or at law).

Binding Obligation. This Agreement constitutes a legal, valid ------------------ and binding obligation of the Servicer Servicer, enforceable in accordance with its terms terms, subject to applicable bankruptcy, insolvency insolvency, moratorium, fraudulent conveyance, reorganization and other similar laws affecting now or hereafter in effect relating to creditors’ ' rights generally generally, and subject to equitable principlesgeneral principles of equity (whether applied in a proceeding of law or in equity).

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer enforceable in accordance with its terms terms, subject to the effect of bankruptcy, insolvency and insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and subject to by general equitable principles.. (Nissan _____ Sale and Servicing Agreement)

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer enforceable against the Servicer in accordance with its terms subject to bankruptcy, insolvency and receivership, insolvency, reorganization, moratorium or other similar laws affecting creditors’ ' rights generally from time to time in effect and subject to equitable principlesgeneral principles of equity (regard less of whether considered in a proceeding in equity or at law).

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer enforceable against it in accordance with its terms terms, subject to bankruptcyapplicable insolvency, insolvency reorganization, moratorium, fraudulent transfer and other similar laws affecting creditors’ rights generally and subject to equitable principles.laws

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer enforceable in accordance with its terms terms, subject to the effect (Nissan _____ Sale and Servicing Agreement) of bankruptcy, insolvency and insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and subject to by general equitable principles.

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer enforceable against the Servicer in accordance with its terms subject to bankruptcy, insolvency and receivership, insolvency, reorganization, moratorium or other similar laws affecting creditors’ ' rights generally from time to time in effect and subject to equitable principlesgeneral principles of equity (regardless of whether considered in a Proceeding in equity or at law).

Binding Obligation. This Agreement constitutes a legal, valid and ------------------ binding obligation of the Servicer enforceable in accordance with its terms terms, subject to applicable bankruptcy, insolvency insolvency, reorganization and other similar laws nor or hereafter in effect relating to or affecting creditors’ ' rights generally and subject to equitable principlesgeneral principles of equity (whether applied in a proceeding at law or in equity).

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the each Servicer enforceable in accordance with its terms subject to except as such enforceability may be limited by bankruptcy, insolvency and insolvency, reorganization, moratorium or other similar laws affecting the enforceability of creditors’ ' rights generally generally, and subject to general equitable principles.

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Master Servicer enforceable in accordance with its terms terms, subject to applicable bankruptcy, insolvency insolvency, reorganization and other similar laws affecting relating to creditors’ ' rights generally or the rights of creditors of banks the deposit accounts of which are insured by FDIC and subject to equitable principlesgeneral principles of equity.

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer enforceable against the Servicer in accordance with its terms subject to except as the enforceability thereof may be limited by bankruptcy, insolvency and insolvency, moratorium or other similar laws affecting creditors’ ' rights generally and subject to equitable principlesby general principles of equity.

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer Servicer, enforceable in accordance with its terms subject to terms, except as such enforceability may be limited by applicable bankruptcy, insolvency and insolvency, reorganization, moratorium or other similar laws affecting creditors’ ' rights generally and from time to time in effect or the rights of creditors of federally chartered savings associations the deposit accounts of which are issued by the FDIC or which are subject to equitable principlesregulation by the FDIC or by general principles of equity.

Binding Obligation. This Agreement constitutes a legal, ------------------ valid and binding obligation of the Servicer enforceable against it in accordance with its terms terms, subject to bankruptcyapplicable insolvency, insolvency reorganization, moratorium, fraudulent transfer and other similar laws relating to or affecting creditors’ ' rights generally from time to time in effect and subject to equitable principlesgeneral principles of equity (including concepts of materiality, reasonableness, good faith and fair dealing), regardless of whether considered in a proceeding in equity or at law.

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer enforceable in accordance with its terms subject to except as such enforceability may be limited by bankruptcy, insolvency and insolvency, reorganization, moratorium or other similar laws affecting the enforceability of creditors’ ' rights generally generally, and subject to general equitable principlesprincipal.

Binding Obligation. This Agreement constitutes a legal, valid and binding obligation of the Servicer enforceable in accordance with its terms terms, subject to the effect of bankruptcy, insolvency and insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and subject to by general equitable principles.. 59 (Nissan 2008-A Sale and Servicing Agreement)