Enforceability of Contracts Sample Clauses

Enforceability of Contracts. Each Contract with respect to each Receivable is effective to create, and has created, a legal, valid and binding obligation of the related Obligor to pay the Outstanding Balance of the Receivable created thereunder and any accrued interest thereon, enforceable against the Obligor in accordance with its terms, except as such enforcement may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws relating to or limiting creditorsrights generally and by general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law).
Enforceability of Contracts. Each Contract related to any Receivable sold by such Originator hereunder is effective to create, and has created, a legal, valid and binding obligation of the related Obligor to pay the outstanding balance of such Receivable, enforceable against the Obligor in accordance with its terms, without being subject to any defense, deduction, offset or counterclaim and such Originator has fully performed its obligations under such Contract.
Enforceability of Contracts. To the Originator's knowledge, each contract related to any Purchased Receivable is effective to create, and has created, a legal, valid and binding obligation of the related Obligor to pay the outstanding balance of the Purchased Receivable created thereunder, enforceable against the Obligor in accordance with its material terms (without being subject to any material defense, deduction, offset or counterclaim), except as limited by bankruptcy, insolvency, or other similar laws of general application relating to or affecting the enforcement of creditors' rights generally and subject to general principles of equity. The Originator has fully performed its obligations under such contract in all material respects.
Enforceability of Contracts. Each Contract with respect to each Receivable is effective to create, and has created, a legal, valid and binding obligation of the related Obligor to pay the Outstanding Balance of the Receivable created thereunder and any accrued interest thereon, enforceable against the Obligor in accordance with its terms.
Enforceability of Contracts. All agreements, leases, subleases, licenses and other instruments described in Section 2.3.14 and Schedules 2.3.24 and 2.3.25 (collectively, "Contracts") are valid and in full force and effect, subject to bankruptcy, insolvency, reorganization, moratorium and similar laws of general application relating to or affecting creditors' rights and to general equity principles. No default (or an event which would, with the passage of time or the giving of notice or both, constitute a default) by the Company has occurred thereunder and, to the Principal Stockholder's knowledge, no default (or an event which would, with the passage of time or the giving of notice or both, constitute a default) by the other contracting parties has occurred thereunder, which default, individually or in the aggregate with other defaults, would reasonably be expected to have a Material Adverse Effect.
Enforceability of Contracts. Each Contract with respect to each Contributed Receivable is effective to create, and has created, a legal, valid and binding obligation of the related Obligor to pay the Principal Amount of such Contributed Receivable created thereunder and any accrued interest thereon, enforceable against the Obligor in accordance with its terms, except as such enforcement may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws relating to or limiting creditorsrights generally and by general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law). The representations and warranties as of the date made set forth in this Section 4.01 shall survive the transfer, assignment, conveyance and contribution of the Contributed Receivables and the other Receivable Assets related thereto to the Company. Upon discovery by a Responsible Officer of the Company or the Master Servicer or by a Responsible Officer of the Contributor of a breach of any of the foregoing representations and warranties, the party discovering such breach shall give prompt written notice to the Administrative Agent and to the Master Servicer, the Company or the Contributor, as the case may be.
Enforceability of Contracts. Each Contract with respect to each Receivable is effective to create, and has created, a legal, valid and binding obligation of the related Obligor to pay the Outstanding Balance of the Receivable created thereunder and any accrued interest thereon, enforceable against the Obligor in accordance with its terms, except as such enforcement may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws relating to or limiting creditors' rights generally and by general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law), it being understood that Dilutions occur in the ordinary course of business of the Originators, and that upon the occurrence of any such Dilutions, the Buyer (and the Collateral Agent, as assignee of the Buyer) shall have legal, valid and binding claim against the related Originator in an amount equal to the amount of such Dilutions.
Enforceability of Contracts. 1. Mr. Dang and Ms. Bai, as shareholders of each of the Shanghai Haobangyang Advertising Co., Ltd., and Hubei Haobangyang Advertising Co., Ltd. pledged their respective equity interests in each of the Domestic Companies to the WFOE (collectively, the “Pledges”) under the Equity Pledge Agreements as set forth on Schedule 3.19(a). The Pledges will not become enforceable until they are registered with the relevant government authorities pursuant to applicable laws.
Enforceability of Contracts. Each material contract or other instrument (however characterized or described) to which the Company and/or the Subsidiary is a party or by which its property or business is or may be bound or affected has been duly and validly executed, is in full force and effect in all material respects and is enforceable against the parties thereto in accordance with its terms, and none of such contracts or instruments has been assigned by the Company and/or the Subsidiary and, except as disclosed in the Registration Statement and in the Prospectus, neither the Company, the Subsidiary nor, to the Company's knowledge, any other party is in default thereunder, and no event has occurred that, with the lapse of time or the giving of notice, or both, would constitute a default thereunder. None of the material provisions of such contracts or instruments violates any existing applicable law, rule, regulation, judgment, order or decree of any governmental agency or court having jurisdiction over the Company or the Subsidiary or any of their respective assets or businesses.
Enforceability of Contracts. 15 2.3.16. Permits................................................................... 15