Common use of Legal, Valid, Binding Obligation Clause in Contracts

Legal, Valid, Binding Obligation. Each of the Loan Documents and each agreement, certificate, document, instrument or other paper delivered pursuant thereto, to which Borrower is a party, constitutes the legal, valid, and binding obligation of Borrower enforceable against Borrower in accordance with its terms.

Appears in 3 contracts

Samples: Credit Agreement (Btu International Inc), Credit Agreement (Vertex Pharmaceuticals Inc / Ma), Credit Agreement (Genzyme Transgenics Corp)

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Legal, Valid, Binding Obligation. Each of the Loan Documents and each agreement, certificate, document, instrument or other paper delivered pursuant thereto, to which Borrower is a party, constitutes constitute the legal, valid, and binding obligation of Borrower Borrower, enforceable against Borrower in accordance with its terms.

Appears in 2 contracts

Samples: Revolving Credit Loan and Security Agreement (Hallwood Group Inc), Revolving Credit Loan and Security Agreement (Hallwood Group Inc)

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