Common use of Enforceable Nature of Agreement Clause in Contracts

Enforceable Nature of Agreement. This Agreement and each of the documents and agreements to be delivered by Buyer at the Closing, constitute legal, valid and binding obligations of Buyer, enforceable against Buyer in accordance with their respective terms, except to the extent that enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance, moratorium, or similar laws affecting the enforcement of creditors' rights generally, and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a court of law or equity).

Appears in 2 contracts

Samples: Purchase Agreement (Lexington Precision Corp), Purchase Agreement (Giant Industries Inc)

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Enforceable Nature of Agreement. This Agreement and each of the documents and agreements to be delivered by Buyer Seller at the Closing, constitute legal, valid and binding obligations of BuyerSeller, enforceable against Buyer Seller in accordance with their respective terms, except to the extent that enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance, moratorium, or similar laws affecting the enforcement of creditors' rights generally, and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a court of law or equity).

Appears in 2 contracts

Samples: Purchase Agreement (Talley Industries Inc), Purchase Agreement (Giant Industries Inc)

Enforceable Nature of Agreement. This Agreement and each of the documents and agreements to be delivered by Buyer at the Closing, constitute legal, valid and binding obligations of Buyer, enforceable against Buyer in accordance with their respective terms, except to the extent that enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance, moratorium, or similar laws affecting the enforcement of creditors' ’ rights generally, and subject, as to enforceability, to general principles of equity (equity, regardless of whether enforcement is sought in a court of law or equity).

Appears in 1 contract

Samples: Purchase Agreement (Apollo Group Inc)

Enforceable Nature of Agreement. This Agreement and each of the documents and agreements to be delivered by Buyer Seller at the Closing, constitute legal, valid and binding obligations of BuyerSeller, enforceable against Buyer Seller in accordance with their respective terms, except to the extent that enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance, moratorium, or similar laws affecting the enforcement of creditors' rights generally, and subject, as to enforceability, to general principles of equity (equity, regardless of whether enforcement is sought in a court of law or equity).

Appears in 1 contract

Samples: Purchase Agreement (Lexington Precision Corp)

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Enforceable Nature of Agreement. This Agreement and each of the documents and agreements to be delivered by Buyer at the Closing, constitute legal, valid and binding obligations of Buyer, enforceable against Buyer in accordance with their respective terms, except to the extent that enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance, moratorium, or similar laws affecting the enforcement of creditors' rights generally, and subject, as to enforceability, to the general principles of equity (regardless of whether enforcement is sought in a court of law or equity).

Appears in 1 contract

Samples: Purchase Agreement (Talley Industries Inc)

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