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

Binding Effect of Documents, etc. Each Borrower has duly executed and delivered each of the Loan Documents to which it is a party and each such Loan Document is in full force and effect and constitutes the legal, valid and binding obligation of each Borrower, as the case may be, enforceable against it in accordance with its terms, subject to bankruptcy, insolvency or other laws affecting generally the enforcement of creditors' rights and general principles of equity.

Appears in 2 contracts

Samples: Credit and Security Agreement (Asahi America Inc), Credit Agreement (Asahi America Inc)

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Binding Effect of Documents, etc. Each The Borrower -------------------------------- has duly executed and delivered each of the Loan Documents to which it is a party party, and each of such Loan Document documents is in full force and effect effect. The agreements and obligations of the Borrower as contained in each of the Loan Documents constitutes the or upon execution and delivery thereof will constitute legal, valid and binding obligation obligations of each Borrower, as the case may be, Borrower enforceable against it the Borrower in accordance with its their respective terms, subject to bankruptcy, insolvency or other laws affecting generally the enforcement of creditors' rights and general principles of equity.

Appears in 1 contract

Samples: Credit and Security Agreement (Cadapult Graphic Systems Inc)

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Binding Effect of Documents, etc. Each The Borrower has duly executed and delivered each of the Loan Documents to which it is a party party, and each of such Loan Document documents is in full force and effect effect. The agreements and obligations of the Borrower as contained in each of the Loan Documents to which the Borrower is a party constitutes the or upon execution and delivery thereof will constitute legal, valid and binding obligation obligations of each Borrower, as the case may be, Borrower enforceable by the Lender against it the Borrower in accordance with its their respective terms, subject to bankruptcy, insolvency or other laws affecting generally the enforcement of creditors' rights and general principles of equity.

Appears in 1 contract

Samples: Loan and Security Agreement (Comstock Homebuilding Companies, Inc.)

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