Common use of Due Execution and Enforceability Clause in Contracts

Due Execution and Enforceability. Each of the Loan Documents to which the Borrower is a party has been duly executed and delivered on behalf of the Borrower, and such Loan Documents constitute the legal, valid and binding obligations of the Borrower, enforceable against the Borrower 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 creditor’s rights generally, and general principles of equity which may limit the availability of equitable remedies.

Appears in 3 contracts

Samples: Master Loan and Security Agreement, Master Loan and Security Agreement (iPic Entertainment Inc.), Master Loan and Security Agreement (iPic Entertainment Inc.)

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Due Execution and Enforceability. Each of the The Loan Documents to which the Borrower is a party has have been duly executed and delivered on behalf of the Borrower, and such Loan Documents constitute the legal, valid and binding obligations of the Borrower, Borrower enforceable against the Borrower in accordance with their its respective terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditor’s creditors’ rights generally, and general principles of equity which may limit the availability of equitable remedies.

Appears in 1 contract

Samples: Credit Agreement (Infinity Property & Casualty Corp)

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