Common use of Enforceable Agreement Clause in Contracts

Enforceable Agreement. This Agreement has been duly authorized, executed and delivered by Purchaser and is the legal, valid and binding agreement of Purchaser enforceable in accordance with its terms, except as enforceability may be limited under any applicable law pertaining to bankruptcy, receivership, reorganization, fraudulent transfer or insolvency or similar laws affecting creditor’s rights generally and to general principles of equity.

Appears in 4 contracts

Samples: Purchase and Assumption Agreement (BNC Bancorp), Purchase and Assumption Agreement (Hampton Roads Bankshares Inc), Purchase and Assumption Agreement (Ecb Bancorp Inc)

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Enforceable Agreement. This this Agreement has been duly authorized, executed and delivered by Purchaser the Buyer and is the constitutes a legal, valid and binding agreement obligation of Purchaser the Buyer, enforceable by the Seller against the Buyer in accordance with its terms, except as enforceability may be limited under any applicable law pertaining subject to bankruptcy, receivership, reorganization, fraudulent transfer or insolvency or similar laws affecting creditor’s the availability of equitable remedies and the enforcement of creditors' rights generally and to general principles of equity.generally;

Appears in 2 contracts

Samples: Stock Purchase Agreement (YBCC, Inc.), Stock Purchase Agreement (International Packaging & Logistics Group Inc.)

Enforceable Agreement. This Agreement has been duly authorized, executed and delivered by Purchaser Buyer and is the legal, valid and binding agreement of Purchaser Buyer enforceable in accordance with its terms, subject to the receipt of all necessary regulatory approvals and except as enforceability enforcement may be limited under any applicable law pertaining to by bankruptcy, receivership, reorganization, fraudulent transfer or insolvency or similar other laws affecting creditor’s rights generally and of general applicability relating to creditors’ rights, or by general principles of equityequitable principles.

Appears in 2 contracts

Samples: Purchase Agreement (Meta Financial Group Inc), Purchase Agreement (Meta Financial Group Inc)

Enforceable Agreement. This Agreement has been duly authorized, executed and delivered by Purchaser and is the legal, valid and binding agreement of Purchaser Purchaser, enforceable in accordance with its terms, except as to the extent that the enforceability thereof may be limited under any applicable law pertaining to bankruptcyby (a) bankruptcy laws, receivership, reorganization, fraudulent transfer insolvency laws or insolvency or other similar laws generally affecting creditor’s creditors' rights generally and to general (b) by equitable principles of equitygeneral application.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Union Bankshares Corp)

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Enforceable Agreement. This Agreement has been duly authorized, executed and delivered by Purchaser each of the Buyers and is constitutes the legal, valid and legally binding agreement obligation of Purchaser each of the Buyers enforceable against him or her in accordance with its terms, affecting the enforcement of creditors' rights generally or by except as enforceability the same may be limited under any applicable law pertaining by bankruptcy or other lawsgeneral equitable principles and except as rights to bankruptcy, receivership, reorganization, fraudulent transfer or insolvency or similar laws affecting creditor’s rights generally and to general indemnity may be limited by principles of equitypublic policy.

Appears in 1 contract

Samples: Stock Purchase Agreement (Specialty Retail Group Inc)

Enforceable Agreement. This Agreement has been duly authorized, executed and delivered by Purchaser and is the legal, valid and binding agreement of Purchaser enforceable in accordance with its terms, terms except as enforceability may be limited under any applicable law pertaining to bankruptcy, receivership, reorganization, fraudulent transfer or insolvency or similar laws affecting creditor’s creditors' rights generally and to general principles of equity.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Gateway Financial Holdings Inc)

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