Legal validity and enforceability. (a) Each Credit Party has duly executed and delivered each of the Credit Documents to which it is party, and each of such Credit Documents constitutes the legal, valid and binding obligation of such Credit Party enforceable against such Credit Party in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or other similar laws generally affecting creditors’ rights and by equitable principles (regardless of whether enforcement is sought in equity or at law).
Legal validity and enforceability. The Finance Documents and the Transaction Documents will, subject always to mandatory law, when executed by the respective parties thereto constitute legal, valid and binding obligations of such parties, enforceable in accordance with their respective terms and conditions, and save as provided for herein or therein, including nominal fees related to registration and enforcement of any of the Finance Documents, no registration, filing, payment of tax or fees or other formalities are necessary or desirable to render the Finance Documents and/or the Transaction Documents enforceable against the parties thereto, and for the Security Documents to constitute valid and enforceable first priority Security Documents as contemplated therein or herein.
Legal validity and enforceability. The Finance Documents and the Transaction Documents will, subject always to mandatory Norwegian law, when executed by the respective parties thereto constitute legal, valid and binding obligations of such parties, enforceable in accordance with their respective terms and conditions, and save as provided for herein or therein, including nominal fees related to registration and enforcement of any of the Finance Documents, no registration, filing, payment of tax or fees or other formalities are necessary or desirable to render the Finance Documents and/or the Transaction Documents enforceable against the parties thereto, and for the Security Documents to constitute valid and enforceable first priority Security Documents as contemplated therein or herein.
Legal validity and enforceability. Each Transaction Document constitutes (or will, when executed by the respective parties thereto, constitute) legal, valid and binding obligations of each Obligor which is party thereto, enforceable in accordance with its terms and, save as provided for therein and/or as have been or shall be completed prior to the relevant Drawdown Date, no registration, filing, payment of tax or fees or other formalities are necessary or desirable to render the relevant Transaction Document enforceable against each of the Obligors which is a party thereto and, in respect of the Units, for the First Mortgages to constitute valid and enforceable first priority mortgages and for the Second Mortgages to constitute valid and enforceable second priority mortgages.
Legal validity and enforceability. Each of the Finance Documents and the Transaction Documents will when executed by the respective parties thereto constitute legal, valid and binding obligations of the respective party, enforceable in accordance with its terms, and save as provided for herein or therein, including nominal fees relating to registration and enforcement of any of the Security Documents, subject always to mandatory Norwegian law and any other applicable laws respectively, and except for the registration of the Mortgages with the Ship Registry and for the registration of the Factoring Agreement, the Charges over Inventory and the Charges over Machinery and Plant with Register of Movable Property, no registration, filing, payment of tax or fees or other formalities are necessary or desirable to render any of the Finance Documents valid and enforceable against the parties thereto, and for the Security Documents to constitute valid and enforceable Security Interest with the priority as contemplated therein or herein.
Legal validity and enforceability. The obligations on the part of the German Companies contained in the Relevant Documents to which the German Companies are parties are valid and legally binding on and enforceable in accordance with their terms against the German Companies which have executed them.
Legal validity and enforceability. Each of the Note Documents to which it is a party are legal, valid, binding and enforceable on each of the Obligors and US Obligors.
Legal validity and enforceability. This Agreement and the Security Documents constitute the legal, valid and binding obligations of the Borrower and the Guarantors as the case might be, enforceable against them in accordance with their terms and conditions, and no registration, filing, payment of tax or fees or other formalities are necessary or desirable to render this Agreement and the Security Documents enforceable against any of them, except as enforceability may be limited by bankruptcy, insolvency, fraudulent conveyance or other similar laws affecting the enforcement of creditors' right or by general principles of equity limiting the availability of equitable remedies.
Legal validity and enforceability. The Finance Documents constitute (or will, when executed by the respective parties thereto, constitute) legal, valid and binding obligation of such parties, enforceable in accordance with its terms and, save as provided for therein and/or as have been or shall be completed prior to the Initial Borrowing Date, no registration, filing, payment of tax or fees or other formalities are necessary or desirable to render the Finance Documents enforceable against the Obligors and the Security Agreements to constitute valid and enforceable first priority security in accordance with their terms. The above terms and conditions remain subject to acceptable documentation. Please note further that the entering by the Lenders into any facility agreement requires (1) prior receipt by the Lenders of duly executed account opening forms, both in form and substance satisfactory to the Lenders and (2) anti-money laundering requirements being met. Strictly confidential
Legal validity and enforceability. This Agreement and each of the Transaction Documents will when executed by the respective parties thereto (and, in the case of the Security Documents which require registration, when duly registered) constitute a legal, valid and binding obligation of the respective party, enforceable in accordance with its terms and no registration, filing, payment of tax or fees or other formalities are necessary or desirable to render this Agreement and/or any of the Transaction Documents enforceable against the parties thereto, and for the Security Documents to constitute valid and enforceable security documents and Security Interest with the priority as contemplated therein or herein.
