Common use of Enforceability of Loan Documents Clause in Contracts

Enforceability of Loan Documents. Each of the Loan Documents to which a Credit Party is a party has been duly executed and delivered by such Credit Party and constitutes the legal, valid and binding obligation of such Credit Party, enforceable against such Credit Party in accordance with its terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws, or by general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity).

Appears in 9 contracts

Samples: Revolving Credit Agreement (James River Coal CO), Credit Agreement (Global Power Equipment Group Inc/), Credit Agreement (Global Power Equipment Group Inc/)

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Enforceability of Loan Documents. Each of the All Loan Documents to which a Credit Party is a party has been when duly executed and delivered by each Credit Party will constitute legal, valid, and binding obligations of such Credit Party and constitutes the legal, valid and binding obligation of such Credit Party, enforceable against such Credit Party in accordance with its terms, their terms subject to Debtor Relief Laws and except as that the availability of equitable remedies may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws, or by general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity)limited.

Appears in 2 contracts

Samples: Credit Facility Loan Agreement, Credit Facility Loan Agreement (Encore Capital Group Inc)

Enforceability of Loan Documents. Each of the All Loan Documents to which a Credit Party is a party has been when duly executed and delivered by such Credit each Obligated Party and constitutes the will constitute legal, valid valid, and binding obligation obligations of such Credit Partythe Obligated Party which is a party thereto, enforceable against such Credit Obligated Party in accordance with its terms, their terms subject to Debtor Relief Laws and except as that the availability of equitable remedies may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws, or by general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity)limited.

Appears in 1 contract

Samples: Loan and Security Agreement (GlassBridge Enterprises, Inc.)

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Enforceability of Loan Documents. Each of the Loan Documents to which a Credit any Loan Party is a party has been duly executed and delivered by such Credit Loan Party and constitutes the legal, valid and binding obligation of such Credit Loan Party, enforceable against such Credit Loan Party in accordance with its terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws, or by general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity).

Appears in 1 contract

Samples: Credit Agreement (Avado Brands Inc)

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