Common use of Agreements Legal, Binding, Valid and Enforceable Clause in Contracts

Agreements Legal, Binding, Valid and Enforceable. This Credit Agreement, the Revolving Credit Note, the Swingline Note, the Guaranty, the Security Documentation and all other Loan Documents, when executed and delivered by Borrower and/or Guarantor, as applicable, in connection with the Credit Facility will constitute legal, valid and binding obligations of Borrower, enforceable against Borrower and/or Guarantor, as applicable, in accordance with their respective terms, except as may be limited by bankruptcy, insolvency, reorganization, moratorium and other laws of general application relating to or affecting the enforcement of creditors' rights and the exercise of judicial discretion in accordance with general principles of equity (regardless of whether enforcement is considered in a proceeding in equity or at law).

Appears in 2 contracts

Samples: Credit Agreement (Monarch Casino & Resort Inc), Credit Agreement (Monarch Casino & Resort Inc)

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Agreements Legal, Binding, Valid and Enforceable. This Credit Agreement, the Revolving Credit Note, the Swingline Note, the GuarantyGuaranties, the Security Documentation and all other Loan Documents, when executed and delivered by Borrower and/or GuarantorGuarantors, as applicable, in connection with the Credit Facility will constitute legal, valid and binding obligations of Borrower, enforceable against Borrower and/or GuarantorGuarantors, as applicable, in accordance with their respective terms, except as may be limited by bankruptcy, insolvency, reorganization, moratorium and other laws of general application relating to or affecting the enforcement of creditors' rights and the exercise of judicial discretion in accordance with general principles of equity (regardless of whether enforcement is considered in a proceeding in equity or at law).

Appears in 1 contract

Samples: Construction and Reducing Revolving Credit Agreement (Monarch Casino & Resort Inc)

Agreements Legal, Binding, Valid and Enforceable. This Credit Agreement, the Revolving Credit Note, the Swingline Note, the Guaranty, the Security Documentation and all other Loan Documents, when executed and delivered by Borrower and/or Guarantor, as applicable, in connection with the Credit Facility will constitute legal, valid and binding obligations of Borrower, enforceable against Borrower and/or Guarantor, as applicable, in accordance with their respective terms, except as may be limited by bankruptcy, insolvency, reorganization, moratorium and other laws of general application relating to or affecting the enforcement of creditors' ’ rights and the exercise of judicial discretion in accordance with general principles of equity (regardless of whether enforcement is considered in a proceeding in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (Monarch Casino & Resort Inc)

Agreements Legal, Binding, Valid and Enforceable. This Credit Agreement, the Revolving Credit Note, the Swingline Note, the GuarantySubsidiary Guarantys, the Security Documentation and all other Loan Documents, when executed and delivered by Borrower and/or GuarantorSubsidiary Guarantors, as applicable, in connection with the Credit Facility will constitute legal, valid and binding obligations of BorrowerBorrower and Subsidiary Guarantors, as applicable, enforceable against Borrower and/or Guarantorand Subsidiary Guarantors, as applicable, in accordance with their respective terms, except as may be limited by bankruptcy, insolvency, reorganization, moratorium and other laws of general application relating to or affecting the enforcement of creditors' rights and the exercise of judicial discretion in accordance with general principles of equity (regardless of whether enforcement is considered in a proceeding in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (Herbst Gaming Inc)

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Agreements Legal, Binding, Valid and Enforceable. This Credit Agreement, the Revolving Credit Note, the Swingline Note, the Guaranty, the Security Documentation and all other Loan Documents, when executed and delivered by Borrower and/or Guarantor, as applicable, Borrowers in connection with the Credit Facility and the Guaranty when executed and delivered by Guarantor will constitute legal, valid and binding obligations of BorrowerBorrowers and Guarantor, respectively, enforceable against Borrower and/or Borrowers and Guarantor, as applicable, in accordance with their respective terms, except as may be limited by bankruptcy, insolvency, reorganization, moratorium and other laws of general application relating to or affecting the enforcement of creditors' rights and the exercise of judicial discretion in accordance with general principles of equity (regardless of whether enforcement is considered in a proceeding in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (Century Casinos)

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