Common use of Enforceability of Obligations Clause in Contracts

Enforceability of Obligations. Each of the Loan Documents to which a Covered Person is a party constitutes the legal, valid and binding obligation of such Covered Person, enforceable against such Covered Person in accordance with its terms, except to the extent that the enforceability thereof against such Covered Person may be limited by bankruptcy, insolvency, reorganization, moratorium or similar Laws affecting creditors' rights generally or by equitable principles of general application.

Appears in 14 contracts

Samples: Credit Agreement (Davel Communications Group Inc), Credit Facilities Agreement (Pomeroy Computer Resources Inc), Credit Facilities Agreement (Dt Industries Inc)

AutoNDA by SimpleDocs

Enforceability of Obligations. Each of the Loan Documents to which a Covered Person is a party constitutes the legal, valid and binding obligation of such Covered Person, enforceable against such Covered Person in accordance with its terms, except to the extent that the enforceability thereof against such Covered Person may be limited by bankruptcy, insolvency, reorganization, moratorium or similar Laws laws affecting creditors' rights generally or by equitable principles of general application.

Appears in 8 contracts

Samples: Loan Agreement (Omniquip International Inc), Loan Agreement (Insituform Technologies Inc), Loan Agreement (Labarge Inc)

Enforceability of Obligations. Each of the Loan Documents to which a Covered Person is a party constitutes the legal, valid and binding obligation of such Covered Person, enforceable against such Covered Person in accordance with its terms, except to the extent that the enforceability thereof against such Covered Person may be limited by bankruptcy, insolvency, reorganization, moratorium or similar Laws affecting creditors' ’ rights generally or by equitable principles of general application.

Appears in 6 contracts

Samples: Credit Agreement (Gtsi Corp), Credit Agreement (Gtsi Corp), Credit Facilities Agreement (Young Innovations Inc)

AutoNDA by SimpleDocs

Enforceability of Obligations. Each of the Loan Documents and Current Acquisition Documents to which a Covered Person is a party constitutes the legal, valid and binding obligation of such Covered Person, enforceable against such Covered Person in accordance with its terms, except to the extent that the enforceability thereof against such Covered Person may be limited by bankruptcy, insolvency, reorganization, moratorium or similar Laws affecting creditors' ’ rights generally or by equitable principles of general application.

Appears in 1 contract

Samples: Loan Agreement (Layne Christensen Co)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!