Common use of Binding Effect of Documents, etc Clause in Contracts

Binding Effect of Documents, etc. Each of the LOAN DOCUMENTS which each of the BORROWERS has executed and delivered as contemplated and required to be executed and delivered as of the date of CLOSING by this AGREEMENT, has been duly executed and delivered by each BORROWER and is the legal, valid and binding obligation of each BORROWER and is enforceable against each BORROWER in accordance with all stated terms.

Appears in 3 contracts

Samples: Loan and Security Agreement (Avatech Solutions Inc), Loan and Security Agreement (Gse Systems Inc), Loan and Security Agreement (Imtek Office Solutions Inc)

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Binding Effect of Documents, etc. Each of the LOAN DOCUMENTS which each of the BORROWERS BORROWER has executed and delivered as contemplated and required to be executed and delivered as of the date of CLOSING DATE by this AGREEMENT, has have been duly executed and delivered by and each such LOAN DOCUMENT will be in full force and effect. The agreements and obligations of the BORROWER and is the contained in each such LOAN DOCUMENT constitute legal, valid and binding obligation obligations of each BORROWER and is the BORROWER, enforceable against each the BORROWER in accordance with all stated its respective terms.

Appears in 1 contract

Samples: Loan and Security Agreement (Ea Engineering Science & Technology Inc)

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Binding Effect of Documents, etc. Each of the LOAN DOCUMENTS which each of the BORROWERS has executed and delivered as contemplated and required to be executed and delivered as of the date of CLOSING by this AGREEMENT, has been duly executed and delivered by each BORROWER and is the legal, valid and binding obligation of each BORROWER the BORROWERS and is enforceable against each BORROWER in accordance with all stated terms.

Appears in 1 contract

Samples: Credit Agreement (Dover Motorsports Inc)

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