Common use of Execution and Binding Effect Clause in Contracts

Execution and Binding Effect. This Agreement, the Note and the other Loan Documents to which Borrower is a party have been duly and validly executed and delivered by Borrower and constitute legal, valid and binding obligations of Borrower, enforceable in accordance with the terms hereof and thereof, subject to the effect of bankruptcy, insolvency, reorganization, arrangement, moratorium, or other similar laws relating to or affecting the rights of creditors generally.

Execution and Binding Effect. This Agreement, the Note and the other Loan Documents to which Borrower is a party have been duly and validly executed and delivered by Borrower and constitute the legal, valid and binding obligations obligation of Borrower, Borrower enforceable in accordance with the terms hereof and thereof, subject to the effect of bankruptcy, insolvency, reorganization, arrangement, moratorium, or other similar laws relating to or affecting the rights of creditors generallytheir respective terms.

Execution and Binding Effect. This Agreement, the Note Notes, and the other Loan Documents to which Borrower is the Borrowers are a party have been duly authorized by all appropriate corporation action of each Borrower, have been duly and validly executed and delivered by each Borrower which is a party thereto, and constitute each such document or agreement constitutes a legal, valid and binding obligations obligation of Borrowerthe Borrowers who are a party thereto, enforceable in accordance with the terms hereof and thereof, subject to the effect of bankruptcy, insolvency, reorganization, arrangement, moratorium, or other similar laws relating to or affecting the rights of creditors generallyits terms.

Execution and Binding Effect. This Agreement, the Note and the other Loan Documents to which Borrower is Borrowers is/are a party have been duly and validly executed and delivered by Borrower Borrowers, as the case may be, and constitute legal, valid and binding obligations of BorrowerBorrowers, enforceable in accordance with the terms hereof and thereof, subject to the effect of bankruptcy, insolvency, reorganization, arrangement, moratorium, or other similar laws relating to or affecting the rights of creditors generally.

Execution and Binding Effect. This Agreement, the Note Notes, and the other Loan Documents to which Borrower is the Borrowers are a party have been duly authorized by all appropriate corporate action of each Borrower, have been duly and validly executed and delivered by each Borrower which is a party thereto, and constitute each such document or agreement constitutes a legal, valid and binding obligations obligation of Borrowersuch Borrowers, enforceable against each such Borrower in accordance with the terms hereof and thereof, subject to the effect of bankruptcy, insolvency, reorganization, arrangement, moratorium, or other similar laws relating to or affecting the rights of creditors generallyits terms.

Execution and Binding Effect. This Agreement, the Note and the other Loan Documents to which Borrower is a party have been duly and validly executed and delivered by Borrower and constitute the legal, valid and binding obligations obligation of BorrowerBorrower enforceable in accordance with their respective terms. The Guaranties and the other Loan Documents to which the Guarantors are parties have been duly and validly executed and delivered by the Guarantors and each constitutes the legal, valid and binding obligation of the Guarantor executing the same, enforceable in accordance with the terms hereof and thereof, subject to the effect of bankruptcy, insolvency, reorganization, arrangement, moratorium, or other similar laws relating to or affecting the rights of creditors generallytheir respective terms.

Execution and Binding Effect. This Agreement, the Note and the all other Loan Documents to which Borrower is a party have been or will be duly and validly executed and delivered by Borrower Borrower, and constitute or, when executed and delivered will constitute, the legal, valid and binding obligations of Borrower, Borrower enforceable in accordance with the terms hereof and thereoftheir respective terms, subject to the effect of except as such enforceability may be limited by bankruptcy, insolvency, reorganization, arrangementfraudulent conveyance, moratoriumreceivership, moratorium or other similar laws relating to or Laws affecting the creditors' rights of creditors generally.

Execution and Binding Effect. This Agreement, the Note Agreement and the other Loan Documents to which Borrower is a party have been duly and properly approved by all necessary corporate action on the part of Borrower and has been duly and validly executed and delivered by Borrower and constitute each such document or agreement constitutes a legal, valid and binding obligations obligation of Borrower, Borrower who is a party thereto enforceable in accordance with the terms hereof and thereof, subject to the effect of bankruptcy, insolvency, reorganization, arrangement, moratorium, or other similar laws relating to or affecting the rights of creditors generallyits terms.

Execution and Binding Effect. This Agreement, the Note Agreement and the each other Loan Documents Related Document to which the Borrower is a party have has been duly and validly executed and delivered by Borrower the Borrower, and constitute each constitutes the legal, valid and binding obligations obligation of Borrower, the Borrower enforceable against the Borrower in accordance with its terms, except as the terms hereof and thereof, subject to the effect of enforceability thereof may be limited by bankruptcy, insolvency, reorganization, arrangement, moratorium, insolvency or other similar laws relating to or of general application affecting the enforcement of creditors’ rights or by general principles of creditors generallyequity limiting the availability of equitable remedies.

Execution and Binding Effect. This Agreement, the Note Notes, the Mortgage, the Security Agreements and the other Loan Documents to which Borrower Borrowers or any of them is a party have been duly and validly executed and delivered by such Borrower or Borrowers, and constitute each such document or agreement constitutes a legal, valid and binding obligations obligation of Borrowersuch Borrower or Borrowers, enforceable in accordance with the terms hereof and thereof, subject to the effect of bankruptcy, insolvency, reorganization, arrangement, moratorium, or other similar laws relating to or affecting the rights of creditors generallyits terms.

Execution and Binding Effect. This Agreement, the Note and the other Loan Documents to which Borrower is a party have been duly and validly executed and delivered by Borrower and constitute the legal, valid and binding obligations obligation of Borrower, Borrower enforceable in accordance with their respective terms, except as the terms hereof and thereof, subject to the effect of enforceability thereof may be affected by applicable bankruptcy, insolvency, reorganization, arrangement, moratorium, moratorium or other similar laws relating to or affecting the enforcement of creditors' rights of creditors generally.

Execution and Binding Effect. This Agreement, the Amended Note and the other Loan Documents to which Borrower is a party have been duly and validly executed and delivered by Borrower and constitute legal, valid and binding obligations of Borrower, enforceable in accordance with the terms hereof and thereof, subject to the effect of bankruptcy, insolvency, reorganization, arrangement, moratorium, or other similar laws relating to or affecting the rights of creditors generally.

Execution and Binding Effect. This Agreement, the Note Note, and the other Loan Documents to which Borrower is a party have been duly and validly executed and delivered by Borrower and constitute the legal, valid and binding obligations obligation of BorrowerBorrower enforceable in accordance with their respective terms. The Guaranties and the other Loan Documents to which the Guarantors are parties have been duly and validly executed and delivered by the Guarantors and each constitutes the legal, valid and binding obligation of the Guarantor executing the same, enforceable in accordance with the terms hereof and thereof, subject to the effect of bankruptcy, insolvency, reorganization, arrangement, moratorium, or other similar laws relating to or affecting the rights of creditors generallyits respective terms.

Execution and Binding Effect. This Agreement, the Note Agreement and the other Loan ---------------------------- Documents to which the Borrower is a party have been duly and validly executed and delivered by the Borrower and constitute each such document or agreement constitutes a legal, valid and binding obligations obligation of Borrower, the Borrower enforceable in accordance with the terms hereof and thereof, subject to the effect of bankruptcy, insolvency, reorganization, arrangement, moratorium, or other similar laws relating to or affecting the rights of creditors generallyits terms.

Execution and Binding Effect. This Agreement, the Note Revolving Credit Notes and the other Loan Related Documents to which the Borrower is a party have been duly and validly executed and delivered by the Borrower and constitute legal, valid and binding obligations of Borrower, the Borrower enforceable in accordance with the terms hereof and thereof, subject to except as the effect enforceability of this Agreement, the Related Documents or the Revolving Credit Notes may be limited by bankruptcy, insolvency, reorganization, arrangement, moratorium, insolvency or other similar laws relating to or of general application affecting the enforcement of creditors' rights or by general principles of creditors generallyequity.