Common use of Legal, Valid, Binding and Enforceable Clause in Contracts

Legal, Valid, Binding and Enforceable. Each of the Loan Documents to which the Borrower is a party constitutes the legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its terms.

Appears in 5 contracts

Samples: Deed of Trust, Security Agreement and Fixture Filing, Open End Mortgage Deed, Security Agreement and Fixture Filing (GTJ Reit, Inc.), Deed of Trust, Security Agreement and Fixture Filing (AmREIT, Inc.)

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Legal, Valid, Binding and Enforceable. Each of the Loan Documents to which the Borrower is a party constitutes the legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its termsterms subject to principles of equity and bankruptcy, insolvency and other laws generally affecting creditors’ rights and the enforcement of debtors’ obligations.

Appears in 1 contract

Samples: Deed of Trust, Security Agreement and Fixture Filing (RREEF Property Trust, Inc.)

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