Common use of Legally Enforceable Agreement Clause in Contracts

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents when delivered under this Agreement will be, a legal, valid and binding obligation of Borrower enforceable against it in accordance with their respective terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency and other similar laws affecting creditors' rights generally or by principles of equity pertaining to the availability of equitable remedies.

Appears in 7 contracts

Samples: Loan and Security Agreement (Cal Dive International Inc), Loan and Security Agreement (Mmi Products Inc), Loan Agreement (Microwave Power Devices Inc)

AutoNDA by SimpleDocs

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents when delivered under this Agreement will be legal, valid, and binding obligations of the Borrower or each Guarantor, as the case may be, a legal, valid and binding obligation of Borrower enforceable against it the Borrower or each Guarantor, as the case may be, in accordance with their respective terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency insolvency, and other similar laws affecting creditors' rights generally or by principles of equity pertaining to the availability of equitable remediesgenerally.

Appears in 6 contracts

Samples: Annual Report, Credit Agreement (Beazer Homes Usa Inc), Credit Agreement (Beazer Homes Usa Inc)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents when delivered under this Agreement will be, a are legal, valid valid, and binding obligation obligations of Borrower the Borrower, and enforceable against it the Borrower in accordance with their respective terms, except to the extent that such enforcement may be limited by (i) applicable bankruptcy, insolvency and insolvency, liquidation, reorganization, moratorium or other similar laws affecting creditors' rights generally or by generally, and (ii) general principles of equity pertaining to the availability of equitable remedies(whether applied in a proceeding at law or in equity).

Appears in 4 contracts

Samples: Revolving Credit/Term Loan Agreement (Community Bankshares Inc /Ga/), Revolving Credit/Term Loan Agreement (Community Bankshares Inc /Ga/), Revolving Credit/Term Loan Agreement (Community Bankshares Inc /Ga/)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents when delivered under this Agreement will be, a legal, valid valid, and binding obligation obligations of Borrower Borrower, enforceable against it Borrower in accordance with their respective terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency insolvency, and other similar laws affecting creditors' rights generally or by principles of equity pertaining to the availability of equitable remediesgenerally.

Appears in 4 contracts

Samples: Agented Credit Agreement (Orchids Paper Products CO /DE), Term Loan Agreement (Eco Soil Systems Inc), Agented Revolving Credit and Term Loan Agreement (Orchids Paper Products CO /DE)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents when delivered under this Agreement will be, a legal, valid and binding obligation obligations of the Borrower enforceable against it the Borrower in accordance with their respective terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency and other similar laws affecting creditors' rights generally or by principles of equity pertaining to the availability of equitable remedies.

Appears in 3 contracts

Samples: Guidance Line of Credit and Security Agreement (Comstock Holding Companies, Inc.), Unsecured Line of Credit Agreement (Allied Capital Corp), Unsecured Line of Credit Agreement (Allied Capital Corp)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents when delivered under this Agreement will be, a legal, valid valid, and binding obligation obligations of Borrower the Borrower, enforceable against it the Borrower, in accordance with their respective terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency insolvency, and other similar laws affecting creditors' rights generally or by principles of equity pertaining to the availability of equitable remediesgenerally.

Appears in 3 contracts

Samples: Revolving Loan Agreement (Surgical Laser Technologies Inc /De/), Credit Agreement (Jore Corp), Revolving Loan Agreement (Photomedex Inc)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents when delivered under this Agreement will be, a legal, valid and binding obligation of Borrower each Borrower, enforceable against it in accordance with their its respective terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency and other or similar laws affecting creditors' rights generally or by principles of equity pertaining to the availability of equitable remedies.

Appears in 2 contracts

Samples: Loan and Security Agreement (Advanced Technical Products Inc), Loan and Security Agreement (Advanced Technical Products Inc)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents when delivered under this Agreement will be, a legal, valid and binding obligation of Borrower and each other Person party thereto, enforceable against it them in accordance with their respective terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency and other similar laws affecting creditors' rights generally or by principles of equity pertaining to the availability of equitable remedies.

Appears in 2 contracts

Samples: Loan and Security Agreement (Brazos Sportswear Inc /De/), Loan and Security Agreement (Brazos Sportswear Inc /De/)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents when executed and delivered under this Agreement will be, a legal, valid valid, and binding obligation obligations of Borrower Borrower, enforceable against it Borrower in accordance with their respective terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency insolvency, and other similar laws affecting creditors' rights generally or by principles of equity pertaining to the availability of equitable remediesgenerally.

Appears in 2 contracts

Samples: Loan Agreement (Qep Co Inc), Loan Agreement (Qep Co Inc)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents when delivered under this Agreement will be, a legal, valid and binding obligation of Borrower and Guarantors, enforceable against it them in accordance with their its respective terms, except to the extent that such enforcement enforceability may be limited by applicable bankruptcy, reorganization, insolvency and other similar or others laws affecting creditors' the enforcement of creditor's rights generally or by principles of equity pertaining to the availability of equitable remediesremedies subject to the discretion of the court.

Appears in 2 contracts

Samples: Loan Agreement (McSi Inc), Loan Agreement (Zengine Inc)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents when delivered under this Agreement will be, a legal, valid and binding obligation of each of Borrower and its Subsidiaries enforceable against it in accordance with their its respective terms, terms except to the extent that such enforcement as may be limited by provided under applicable bankruptcy, insolvency and other insolvency, reorganization, moratorium, equity or redemption or similar laws affecting creditors' rights generally generally, and the discretion of the court before which any proceeding thereof may be brought or by general principles of equity pertaining to (regardless of whether such enforceability is considered in a proceeding in equity or at law), including the availability of specific equitable remedies.

Appears in 2 contracts

Samples: Loan and Security Agreement (Houston Wire & Cable CO), Loan and Security Agreement (Northwestern Steel & Wire Co)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents when delivered under this Agreement will be, a legal, valid valid, and binding obligation obligations of the Borrower enforceable against it in accordance with their respective terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency insolvency, and other similar laws affecting creditors' rights generally or by principles of equity pertaining to the availability of equitable remediesgenerally.

Appears in 2 contracts

Samples: Loan Agreement (Mestek Inc), Loan and Security Agreement (Smith & Wesson Holding Corp)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents when delivered under this Agreement will be, a is legal, valid and binding obligation obligations of the Borrower enforceable against it in accordance with their respective terms, its terms and conditions hereof except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency and other similar laws affecting creditors' rights generally bankruptcy or by principles of equity pertaining to the availability of equitable remediesinsolvency.

Appears in 2 contracts

Samples: Term Loan Agreement (Tiens Biotech Group Usa Inc), Term Loan Agreement (Tiens Biotech Group Usa Inc)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents when delivered under this Agreement will be, a legal, valid valid, and binding obligation obligations of Borrower the Borrower, enforceable against it the Borrower in accordance with their respective terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency insolvency, and other similar laws affecting creditors' rights generally or by principles of equity pertaining to the availability of equitable remediesgenerally.

Appears in 1 contract

Samples: Equipment and Commercial Revolving Line of Credit Agreement (Hittite Microwave Corp)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents when delivered under this Agreement will be, a legal, valid valid, and binding obligation obligations of Borrower Borrower, enforceable against it Borrower in accordance with their respective terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency insolvency, and other similar laws affecting creditors' rights generally or by general principles of equity pertaining to the availability of equitable remediesequity.

Appears in 1 contract

Samples: Loan and Security Agreement (Infinite Group Inc)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents when delivered under this Agreement will be, a legal, valid and binding obligation of Borrower and each of its Subsidiaries party thereto, enforceable against it in accordance with their its respective terms, except to the extent that such enforcement as may be limited by applicable bankruptcy, reorganization, insolvency and other or similar laws affecting creditors' the enforcement of creditor's rights generally or by principles of equity pertaining to the availability of equitable remediesgenerally.

Appears in 1 contract

Samples: Loan and Security Agreement (Color Spot Nurseries Inc)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents when delivered under this Agreement will be, a legal, valid and binding obligation obligations of Borrower each Borrower, enforceable against it each Borrower in accordance with their respective terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency and other similar laws affecting creditors' rights generally or by principles of equity pertaining to the availability of equitable remedies.

Appears in 1 contract

Samples: Loan and Security Agreement (Halifax Corp)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents when delivered under this Agreement will be, a legal, valid valid, and binding obligation obligations of Borrower or Guarantor, as the case may be, enforceable against it Borrower or Guarantor, as the case may be, in accordance with their respective terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency insolvency, and other similar laws affecting creditors' rights generally or by principles of equity pertaining to the availability of equitable remediesgenerally.

Appears in 1 contract

Samples: Promissory Note Agreement (Integrated Environmental Technologies, Ltd.)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents when delivered under this Agreement will be, a legal, valid valid, and binding obligation obligations of Borrower the Borrower, enforceable against it the Borrower, , as the case may be, in accordance with their respective terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency insolvency, and other similar laws affecting creditors' rights generally or by principles of equity pertaining subject in all instances to the availability of general equitable remediesprinciples.

Appears in 1 contract

Samples: Credit Agreement (Qc Optics Inc)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents other than the Guaranties when delivered under this Agreement will be, a legal, valid valid, and binding obligation obligations of Borrower the Borrower, enforceable against it the Borrower, in accordance with their respective terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency insolvency, and other similar laws affecting creditors' rights generally or by principles of equity pertaining to the availability of equitable remediesgenerally.

Appears in 1 contract

Samples: Credit Agreement (Jore Corp)

Legally Enforceable Agreement. This Assuming due execution and delivery thereof by the Bank, this Agreement is, and each of the other Loan Documents to which Borrower is a party when delivered under this Agreement will be, a legal, valid valid, and binding obligation obligations of the Borrower enforceable against it that Borrower in accordance with their respective terms, except to the extent that such as enforcement thereof may be limited decided by applicable bankruptcy, insolvency and other similar laws affecting creditors' rights generally and except for the discretionary authority of any court in which enforcement proceedings may be brought to grant or by principles of equity pertaining to the availability of withhold equitable remedies.

Appears in 1 contract

Samples: Revolving Credit Loan Agreement (Lynch Interactive Corp)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents when delivered under this Agreement will be, a legal, valid valid, and binding obligation obligations of the Borrower and the Restricted Subsidiaries, as the case may be, and enforceable against it the Borrower or the Restricted Subsidiaries, as the case may be, in accordance with their respective terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency insolvency, and other similar laws affecting creditors' rights generally or by principles of equity pertaining to the availability of equitable remediesgenerally.

Appears in 1 contract

Samples: Revolving Credit Agreement (Verasun Energy Corp)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents when delivered under this Agreement will be, a legal, valid valid, and binding obligation obligations of the Borrower enforceable against it the Borrower in accordance with their respective terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency insolvency, and other similar laws affecting creditors' rights generally or and by general principles of equity pertaining to the availability of equitable remediesequity.

Appears in 1 contract

Samples: Credit Agreement (Midway Games Inc)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents when delivered under this Agreement will be, a legal, valid and binding obligation of each of Borrower and its Subsidiaries signatories thereto enforceable against it them in accordance with their the respective termsterms of such Loan Documents, except to as the extent that such enforcement enforceability thereof may be limited by applicable bankruptcy, insolvency and or other similar laws of general application affecting the enforcement of creditors' rights generally or by and general principles of equity pertaining to the availability of equitable remediesequity.

Appears in 1 contract

Samples: Loan and Security Agreement (Metromedia International Group Inc)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents when delivered under this Agreement will be, a legal, valid valid, and binding obligation obligations of Borrower the Borrower, enforceable against it in accordance with their respective terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency insolvency, and other similar laws affecting creditors' rights generally or by principles of equity pertaining to the availability of equitable remediesgenerally.

Appears in 1 contract

Samples: Loan Agreement (Smith & Wesson Holding Corp)

Legally Enforceable Agreement. This Agreement isshall be, when executed and delivered by Debtor, the legal, valid, and each binding obligations of the other Loan Documents when delivered under this Agreement will beDebtor, a legal, valid and binding obligation of Borrower enforceable against it Debtor, in accordance with their respective terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency insolvency, and other similar laws affecting creditors' rights generally or by principles of equity pertaining to the availability of equitable remediesgenerally.

Appears in 1 contract

Samples: Security Agreement (Amcon Distributing Co)

AutoNDA by SimpleDocs

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents when delivered under this Agreement will be, a legal, valid valid, and binding obligation obligations of the Borrower enforceable against it the Borrower, as the case may be, in accordance with their respective terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency insolvency, and other similar laws affecting creditors' rights generally or by principles of equity pertaining to the availability of equitable remediesgenerally.

Appears in 1 contract

Samples: Revolving Credit Agreement (Artistic Greetings Inc)

Legally Enforceable Agreement. This Each of this Agreement and the existing Security Documents is, and each of the other Loan Documents when delivered under this Agreement will be, a legal, valid and binding obligation of each of Borrower and its Subsidiaries that are parties to such Loan Documents, enforceable against it in accordance with their its respective terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency and other similar laws affecting creditors' rights generally or by principles of equity pertaining to the availability of equitable remedies.

Appears in 1 contract

Samples: Credit Agreement (Drypers Corp)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents when delivered under this Agreement will be, a the legal, valid valid, and binding obligation of Borrower the Borrower, enforceable against it the Borrower in accordance with their respective terms, except to the extent that as such enforcement may be limited by applicable bankruptcy, insolvency insolvency, and other similar laws affecting creditors' rights generally or by principles of equity pertaining to the availability of equitable remediesgenerally.

Appears in 1 contract

Samples: Credit Agreement (Unitel Video Inc/De)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents when delivered under this Agreement will be, a legal, valid and binding obligation obligations of Borrower the Borrowers, enforceable against it the Borrowers in accordance with their respective terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency and other similar laws affecting creditors' rights generally or by principles of equity pertaining to the availability of equitable remedies.

Appears in 1 contract

Samples: Loan Agreement (Execustay Corp)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents when delivered under this Agreement will be, a legal, valid and binding obligation of Borrower enforceable against it in accordance with their its respective terms, except to the extent that such enforcement enforceability may be limited by applicable bankruptcy, reorganization, insolvency and other similar or others laws affecting creditors' the enforcement of creditor's rights generally or by principles of equity pertaining to the availability of equitable remediesremedies subject to the discretion of the court.

Appears in 1 contract

Samples: Loan and Security Agreement (McSi Inc)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents when delivered under this Agreement will be, a legal, valid valid, and binding obligation obligations of Borrower Borrower, or of RFSP, as applicable, enforceable against it in accordance with their respective terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency insolvency, and other similar laws affecting creditors' rights generally or by principles of equity pertaining to the availability of equitable remediesgenerally.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (RFS Hotel Investors Inc)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents to which a Borrower or any of its Subsidiaries is a party when delivered under this Agreement will be, a legal, valid and binding obligation of such Borrower and such Subsidiary, as applicable, enforceable against it in accordance with their its respective termsterms subject, except as to enforceability, to the extent that such enforcement may be limited by effect of any applicable bankruptcy, insolvency and other insolvency, reorganization, moratorium, fraudulent transfer or similar laws affecting creditors' rights generally or by principles of equity pertaining to the availability of equitable remediesgenerally.

Appears in 1 contract

Samples: Loan and Security Agreement (Measurement Specialties Inc)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents when delivered under this Agreement will be, a legal, valid and binding obligation obligations of Borrower the Borrower, enforceable against it the Borrower in accordance with their respective terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency and other similar laws affecting creditors' rights generally or by principles of equity pertaining to the availability of equitable remedies.

Appears in 1 contract

Samples: Loan and Security Agreement (Ace Comm Corp)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents when delivered under this Agreement will be, a legal, valid and binding obligation of each Borrower and each of its Subsidiaries party thereto, enforceable against it in accordance with their its respective terms, except terms subject to the extent that such enforcement may be limited by applicable bankruptcy, insolvency insolvency, reorganization, moratorium, fraudulent conveyance and other similar laws affecting creditors' rights generally or by generally, and subject to general principles of equity, regardless of whether considered in a proceeding in equity pertaining to the availability of equitable remediesor at law.

Appears in 1 contract

Samples: Loan and Security Agreement (Jacuzzi Brands Inc)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents when delivered under this Agreement will be, a legal, valid and binding obligation of Borrower Borrowers enforceable against it in accordance with their its respective terms, except to the extent that such enforcement enforceability may be limited by applicable bankruptcy, reorganization, insolvency and other similar or others laws affecting creditors' the enforcement of creditor's rights generally or by principles of equity pertaining to the availability of equitable remediesremedies subject to the discretion of the court.

Appears in 1 contract

Samples: Loan Agreement (McSi Inc)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents when delivered under this Agreement will be, a legal, valid and binding obligation of each of Borrower and each of their respective Subsidiaries party thereto, enforceable against it in accordance with their its respective terms, except subject to the extent that such enforcement may be limited by applicable effect of bankruptcy, insolvency and other similar laws affecting creditors' the rights generally or by principles and remedies of equity pertaining to the availability of equitable remediescreditors generally.

Appears in 1 contract

Samples: Loan and Security Agreement (Vista 2000 Inc)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents when delivered under this Agreement will be, a legal, valid and binding obligation of Borrower each Loan Party enforceable against it in accordance with their its respective termsterms (subject, except as to the extent that such enforcement may be limited by applicable enforcement, to general principles of equity, and to bankruptcy, insolvency and other similar laws rights affecting creditors' rights generally or by principles of equity pertaining to the availability of equitable remediesgenerally).

Appears in 1 contract

Samples: Loan Agreement (Ramsay Health Care Inc)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents when delivered under this Agreement will be, a be legal, valid valid, and binding obligation obligations of the Borrower enforceable against it the Borrower in accordance with their respective terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency insolvency, and other similar laws affecting creditors' rights generally or by principles of equity pertaining to the availability of equitable remediesgenerally.

Appears in 1 contract

Samples: Revolving Credit Agreement (Crown Group Inc /Tx/)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents when are duly and properly executed and delivered under this Agreement will beby the Borrower for value received and constitute the valid Obligations of the Borrower, a legal, valid legally binding upon and binding obligation of Borrower enforceable against it the Borrower in accordance with their respective its terms, except not subject to any defense based upon usury, capacity of the Borrower or, to the extent that such enforcement best of the Borrowers knowledge, other defense, except as may be subsequently limited by applicable bankruptcy, insolvency insolvency, reorganization, moratorium and other similar laws affecting the enforcement of creditors' rights generally or by principles of equity pertaining to the availability of equitable remediesgenerally.

Appears in 1 contract

Samples: Support Agreement

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents when delivered under this Agreement will be legal, valid, and binding obligations of the Borrower or the Guarantor or the Subsidiary, as the case may be, a legal, valid and binding obligation of Borrower enforceable against it the Borrower or each Guarantor or each Subsidiary, as the case may be, in accordance with their respective terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency insolvency, and other similar laws affecting creditors' rights generally or by principles of equity pertaining to the availability of equitable remediesgenerally.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Carey International Inc)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents when delivered under this Agreement will be, a legal, valid valid, and binding obligation of Borrower the Borrower, enforceable against it in accordance with their respective termsthe Borrower, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency insolvency, and other similar laws affecting creditors' rights generally or by principles of equity pertaining to the availability of equitable remediesgenerally.

Appears in 1 contract

Samples: Loan Agreement (Multimedia Access Corp)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents when delivered under this Agreement will be, a legal, valid and binding obligation obligations of the Borrower or Allied, as the case may be, enforceable against it the Borrower or Allied, as the case may be, in accordance with their respective terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency and other similar laws affecting creditors' rights generally or by principles of equity pertaining to the availability of equitable remedies.

Appears in 1 contract

Samples: Line of Credit, Security and Pledge Agreement (Allied Capital Lending Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!