Common use of Binding and Enforceable Clause in Contracts

Binding and Enforceable. This Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party party thereto, enforceable against each such Loan Party in accordance with its terms subject to applicable bankruptcy, insolvency, fraudulent conveyance, moratorium, reorganization or similar laws affecting the enforcement of creditors' rights generally and to general principles of equity.

Appears in 2 contracts

Samples: Revolving Credit Agreement (NRG Energy, Inc.), Revolving Credit Agreement (Genon Americas Generation LLC)

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Binding and Enforceable. This Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party party thereto, enforceable against each such Loan Party party in accordance with its terms subject to terms, except as enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyancereorganization, moratorium, reorganization moratorium or similar laws affecting the enforcement of creditors' rights generally and to by general equitable principles of equity(whether enforcement is sought by proceedings in equity or at law).

Appears in 2 contracts

Samples: Guarantee and Collateral Agreement (Mirant North America, LLC), Credit Agreement (Mirant Corp)

Binding and Enforceable. This Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party party thereto, enforceable against each such Loan Party in accordance with its terms subject to applicable bankruptcy, insolvency, fraudulent conveyance, moratorium, reorganization or similar laws affecting the enforcement of creditors' rights generally and to general principles of equity.

Appears in 2 contracts

Samples: Credit Agreement (Mirant Corp), Guarantee Agreement (Rri Energy Inc)

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Binding and Enforceable. This Agreement constitutes, and each other Loan Finance Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party party thereto, enforceable against each such Loan Party in accordance with its terms subject to terms, except as enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyancereorganization, moratorium, reorganization moratorium or similar laws affecting the enforcement of creditors' rights generally and to by general equitable principles of equity(whether enforcement is sought by proceedings in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (Mirant Corp)

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