Enforceability of Guaranty. The Guaranty is the legal, valid and binding agreement of the Guarantors, enforceable against the Guarantors in accordance with its 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 7 contracts
Samples: Unsecured Revolving Credit Agreement (Equity Inns Inc), Secured Revolving Credit Agreement (Equity Inns Inc), Assignment Agreement (Equity Inns Inc)
Enforceability of Guaranty. The Guaranty is the legal, valid and -------------------------- binding agreement of the Guarantorssuch Guarantor, enforceable against the Guarantors such Guarantor in accordance with its respective terms, and the Loan Documents required hereunder, when executed and delivered, will be similarly legal, valid, binding and enforceable 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 2 contracts
Samples: Credit Agreement (Rouse Company), Revolving Credit Agreement (Rouse Company)
Enforceability of Guaranty. The Guaranty is the legal, valid and binding agreement of the Guarantorssuch Guarantor, enforceable against the Guarantors such Guarantor in accordance with its respective terms, and the Loan Documents required hereunder, when executed and delivered, will be similarly legal, valid, binding and enforceable 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 1 contract
Samples: Assignment Agreement (Rouse Company)
Enforceability of Guaranty. The Guaranty is constitutes the legal, valid and binding agreement obligation of the GuarantorsGuarantor, enforceable against the Guarantors in accordance with its terms, except subject only to the extent that such enforcement may be limited by applicable bankruptcy, insolvency, reorganization or other insolvency and similar laws affecting the enforceability of the rights of creditors generallygenerally and the general principles of equity.
Appears in 1 contract
Samples: Predevelopment Agreement