Common use of Binding Effect of Documents Clause in Contracts

Binding Effect of Documents. Each of the Credit Parties hereby acknowledges, confirms and agrees that: (a) each of the Loan Documents to which it is a party has been duly executed and delivered to Agent, and each is in full force and effect as of the date hereof, (b) the agreements and obligations of each Credit Party contained in the Loan Documents and in this Amendment constitute the legal, valid and binding obligations of such Credit Party, enforceable against it in accordance with their respective terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally or by equitable principles relating to enforceability, and no Credit Party has a valid defense to the enforcement of such obligations and (c) Agent and the Lenders are and shall be entitled to the rights, remedies and benefits provided for them in the Loan Documents and applicable law.

Appears in 7 contracts

Samples: Credit Agreement (Nobilis Health Corp.), Credit Agreement (Nobilis Health Corp.), Credit Agreement and Conditional Waiver (Nobilis Health Corp.)

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Binding Effect of Documents. Each of the Credit Parties Borrower hereby acknowledges, confirms and agrees that: (a) each of the Loan Documents to which it is a party has been duly executed and delivered to Agentdelivered, and each is in full force and effect as of the date hereof, (b) the agreements and obligations of each Credit Party such Borrower contained in the Loan Documents and in this Amendment Agreement constitute the legal, valid and binding obligations of such Credit PartyBorrower, enforceable against it in accordance with their respective terms, and such Borrower has no valid defense to the enforcement of such obligations, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium moratorium, or similar laws affecting the enforcement rights of creditors’ rights creditors generally or by equitable principles relating to enforceability, and no Credit Party has a valid defense to the enforcement effect of such obligations general principles of equity whether applied by a court of law or equity, and (c) Agent and the Lenders are and shall be entitled to the rights, remedies and benefits provided for them in the Loan Documents and applicable law.

Appears in 5 contracts

Samples: Loan and Security Agreement (Kemet Corp), Loan and Security Agreement (Kemet Corp), Loan and Security Agreement (Kemet Corp)

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Binding Effect of Documents. Each of the Credit Loan Parties hereby acknowledges, confirms and agrees that: (a) each of the Loan Documents to which it is a party has been duly executed and delivered by it to Administrative Agent, and each is in full force and effect as of the date hereof, (b) the agreements and obligations of each Credit Loan Party contained in the Loan Documents and in this Amendment constitute the legal, valid and binding obligations of such Credit Loan Party, enforceable against it in accordance with their respective terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally or by equitable principles relating to enforceability, and no Credit Loan Party has a valid defense to the enforcement of such obligations and (c) Administrative Agent and the Lenders are and shall be entitled to the rights, remedies and benefits provided for them in the Loan Documents and applicable law.

Appears in 3 contracts

Samples: Credit Agreement (Trean Insurance Group, Inc.), Credit Agreement (Trean Insurance Group, Inc.), Credit Agreement (Trean Insurance Group, Inc.)

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