Common use of Execution of Binding Obligation Clause in Contracts

Execution of Binding Obligation. This Agreement has been duly executed and delivered by the Borrower, and this Agreement constitutes and the remaining Credit Documents to which it is a party, when duly executed and delivered by the Borrower, will constitute, legal, valid and binding Obligations of the Borrower enforceable in accordance with their respective terms, subject only to: (i) any applicable bankruptcy, insolvency, reorganization, moratorium or similar Laws affecting creditors' rights generally; and (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at Law);

Execution of Binding Obligation. This Agreement has been duly executed and delivered by the Borrower, and this Agreement constitutes and the remaining Credit Documents to which it is a partyDocuments, when duly executed by the Borrower pursuant to this Agreement and delivered by the Borrowerfor value, will constitute, legal, valid and binding Obligations obligations of the Borrower Borrower, enforceable in accordance with their respective terms, subject only to: (i) any applicable bankruptcy, insolvency, reorganization, moratorium or similar Laws laws affecting creditors' rights generally; and (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at Law);