Capacity; Execution of Agreement. It has all requisite power, authority, and capacity to enter into this Agreement and to perform the transactions and obligations to be performed by it hereunder. The execution and delivery of this Agreement, and the performance by it of the transactions and obligations contemplated hereby have been duly authorized by all requisite action on the part of the Lender. This Agreement has been duly executed and delivered by it and constitutes a valid and legally binding agreement of it, enforceable in accordance with its terms, except as enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws, both state and federal, affecting the enforcement of creditors’ rights or remedies in general from time to time in effect and the exercise by courts of equity powers or their application of principles of public policy.
Appears in 2 contracts
Samples: Loan Agreement (Castle Brands Inc), Loan Agreement (Ladenburg Thalmann Financial Services Inc)
Capacity; Execution of Agreement. It Lender has all requisite power, power and authority, and capacity to enter into this Agreement and to perform the transactions and obligations to be performed by it hereunder. The execution and delivery of this Agreement, and the performance by it Lender of the transactions and obligations contemplated hereby have been duly authorized by all requisite action on the part of the Lender. This Agreement has been duly executed and delivered by it Lender and constitutes a valid and legally binding agreement of itLender, enforceable in accordance with its terms, except as enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws, both state and federal, affecting the enforcement of creditors’ rights or remedies in general from time to time in effect and the exercise by courts of equity powers or their application of principles of public policy.
Appears in 1 contract
Samples: Credit and Security Agreement (Long Island Iced Tea Corp.)
Capacity; Execution of Agreement. It Each Lender has all requisite power, authority, and capacity to enter into this Agreement and to perform the transactions and obligations to be performed by it hereunder. The execution and delivery of this Agreement, and the performance by it Lenders of the transactions and obligations contemplated hereby have been duly authorized by all requisite action on the part of the LenderLenders. This Agreement has been duly executed and delivered by it Lenders and constitutes a valid and legally binding agreement of it, Lenders enforceable in accordance with its terms, except as enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws, both state and federal, affecting the enforcement of creditors’ rights or remedies in general from time to time in effect and the exercise by courts of equity powers or their application of principles of public policy.
Appears in 1 contract
Samples: Credit Agreement (Castle Brands Inc)