Common use of Enforceability of Agreement Clause in Contracts

Enforceability of Agreement. This Agreement and each of the other Loan Documents is (or, when fully executed and delivered, will be) the legal, valid and binding agreement of each of the Credit Parties thereto, enforceable against each such Credit Party in accordance with its respective terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws affecting the rights of creditors generally.

Appears in 5 contracts

Samples: Revolving Credit Agreement (LNR Property Corp), Unsecured Revolving Credit Agreement (Great Lakes Reit Inc), Unsecured Revolving Credit Agreement (Great Lakes Reit)

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Enforceability of Agreement. This Agreement and each of the other Loan Documents is (or, when fully executed and delivered, will be) the legal, valid and binding agreement of each of the Credit Parties thereto, Borrower enforceable against each such Credit Party Borrower in accordance with its respective terms, and the Notes, and all other Credit Documents, when executed and delivered, will be similarly legal, valid, binding and enforceable, except to as the extent that such enforcement enforceability of the Notes and other Credit Documents may be limited by applicable bankruptcy, insolvency, reorganization or reorganization, moratorium and other similar laws affecting the creditor's rights and remedies in general and by general principles of creditors generallyequity, whether considered in a proceeding at law or in equity.

Appears in 5 contracts

Samples: 364 Day Revolving Credit Agreement (Office Depot Inc), Revolving Credit Agreement (Discount Auto Parts Inc), Revolving Credit and Line of Credit Agreement (Office Depot Inc)

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