Common use of Legality, Validity and Enforceability Clause in Contracts

Legality, Validity and Enforceability. (a) Each Transaction Document to which the Borrower is a party is a legal, valid and binding obligation of the Borrower enforceable against the Borrower in accordance with its terms, subject to Bankruptcy Laws and general principles of equity regardless of whether enforcement is considered in a proceeding at law or in equity.

Legality, Validity and Enforceability. (ai) Each Transaction Document or Loan Document to which the a Borrower Party is or will be a party is will, upon execution by the relevant parties thereto, be a legal, valid and binding obligation of the such Borrower Party enforceable against the such Borrower Party in accordance with its terms, subject to Bankruptcy Laws and general principles of equity regardless of whether enforcement is considered in a proceeding at law or in equity.