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 Trust enforceable against the Trust 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 41 contracts

Samples: Jpmorgan Chase Bank, National Association, Indenture (Chase Issuance Trust), Indenture (Chase Issuance Trust)

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Legal, Valid and Binding Obligation. This The Assignment constitutes a legal, valid and binding obligation of the Trust enforceable against the Trust 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 26 contracts

Samples: Indenture (Chase Issuance Trust), Indenture (Chase Issuance Trust), Indenture

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

Appears in 5 contracts

Samples: Indenture (Chase Issuance Trust), Indenture (Chase Issuance Trust), Indenture

Legal, Valid and Binding Obligation. This Assignment constitutes a legal, valid and binding obligation of the Trust enforceable against the Trust 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: Indenture (First Usa Credit Card Master Trust), Indenture (Bank One Delaware National Association)

Legal, Valid and Binding Obligation. This Assignment Reassignment constitutes a legal, valid and binding obligation of the Trust enforceable against the Trust Trust, 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: Indenture (Bank One Delaware National Association), Indenture (First Usa Credit Card Master Trust)

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Legal, Valid and Binding Obligation. This Assignment constitutes a legal, valid and binding obligation of the Trust enforceable against the Trust 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: Indenture (First Usa Credit Card Master Trust), Indenture (Bank One Delaware National Association)

Legal, Valid and Binding Obligation. This Assignment constitutes a legal, valid and binding obligation of the Trust enforceable against the Trust 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 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: Indenture (First Usa Credit Card Master Trust)

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