Common use of Execution and Binding Effect Clause in Contracts

Execution and Binding Effect. This Agreement and each of the other Loan Documents to which the Borrower is a party and which is required to be delivered on or before the Effective Date pursuant to Section 4.01 has been duly and validly executed and delivered by the Borrower. This Agreement and each such other Loan Document constitutes, and when executed and delivered by the Borrower will constitute, the legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its terms, except as the enforceability hereof or thereof may be limited by bankruptcy, insolvency or other similar laws of general application affecting the enforcement of creditors' rights or by general principles of equity limiting the availability of equitable remedies.

Appears in 13 contracts

Samples: Credit Agreement (Sierra Pacific Resources), Credit Agreement (Nevada Power Co), Day Credit Agreement (Sierra Pacific Power Co)

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Execution and Binding Effect. This Agreement and each of the other Loan Documents to which the Borrower is a party and Document which is executed and delivered or required to be executed and delivered on or before the Effective Date pursuant to Section 4.01 date as of which this representation and warranty is made has been duly and validly executed and delivered by the Borrower. This Agreement and each such other Loan Document constitutes, and each other Loan Document when executed and delivered by the Borrower will constitute, the legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its terms, except as the enforceability hereof or thereof may be limited by bankruptcy, insolvency or other similar laws of general application affecting the enforcement of creditors' rights or by general principles of equity limiting the availability of equitable remedies.

Appears in 2 contracts

Samples: Term Loan Agreement (J&l Specialty Steel Inc), Credit Agreement (J&l Specialty Steel Inc)

Execution and Binding Effect. This Agreement and each of the other Loan Documents to which the Borrower it is a party and which is required to be delivered on or before the Effective Date pursuant to Section 4.01 5 has been duly and validly executed and delivered by the Borrower. This Agreement and each such other Loan Document constitutesconstitute, and the Term Note when executed and delivered by the Borrower will constitute, the legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its their terms, except as the enforceability hereof or thereof may be limited by bankruptcy, insolvency or other similar laws of general application affecting the enforcement of creditors' rights or by general principles of equity limiting the availability of equitable remedies.

Appears in 1 contract

Samples: Term Loan Agreement (Wisconsin Public Service Corp)

Execution and Binding Effect. This Agreement and each of the other Loan Documents Document to which the Borrower it is a party and which is required to be delivered on or before the Effective Closing Date pursuant to Section 4.01 hereof has been duly and validly executed and delivered by the Borrower. This Agreement and each such other Loan Document constitutes, and each other Loan Document when executed and delivered by the Borrower will constitute, the legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its terms, except as the enforceability hereof or thereof may be limited by bankruptcy, insolvency or other similar laws of general application affecting the enforcement of creditors' rights or by general principles of equity limiting the availability of equitable remedies.

Appears in 1 contract

Samples: Credit Agreement (Oakhurst Co Inc)

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Execution and Binding Effect. This Agreement and each of the other Loan Documents to which the Borrower is a party and which is required to be delivered on or before the Effective Date pursuant to Section 4.01 5.01 has been duly and validly executed and delivered by the Borrower. This Agreement and each such other Loan Document constitutesconstitute, and the Notes when executed and delivered by the Borrower will constitute, the legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its their terms, except as the enforceability hereof or thereof may be limited by bankruptcy, insolvency or other similar laws of general application affecting the enforcement of creditors' rights or by general principles of equity limiting the availability of equitable remedies.

Appears in 1 contract

Samples: Credit Agreement (Wisconsin Public Service Corp)

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