2018-07-13 : If the creature this Aura would enchant is an illegal target by the time Knightly Valor tries to resolve, the Aura spell doesn’t resolve. It won’t enter the battlefield, so its ability won’t trigger.

2018-07-13 : You need a creature for Knightly Valor to target as you cast it. There’s no way to have it enter the battlefield attached to the Knight token it’ll create.