Common use of Legally Enforceable Agreements Clause in Contracts

Legally Enforceable Agreements. 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 2 contracts

Samples: Loan Agreement (Friedmans Inc), Loan Agreement (Friedmans Inc)

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Legally Enforceable Agreements. This Agreement is, and each of the other Loan Documents when delivered under this Agreement or otherwise 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 1 contract

Samples: Loan Agreement (Advanced Marketing Services Inc)

Legally Enforceable Agreements. This Agreement is, and each of the other Loan Documents (except the Notes) are, and the Notes when delivered under this Agreement hereunder 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 subject to (i) the extent that such enforcement may be limited by effect of applicable bankruptcy, insolvency and insolvency, reorganization or moratorium or other similar laws affecting the enforcement of creditors' rights generally or by generally, and (ii) the application of general principles of equity pertaining to the availability (regardless of equitable remedieswhether considered in a proceeding in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (Central Vermont Public Service Corp)

Legally Enforceable Agreements. This Agreement Each Loan Document is, and each of the other Loan Documents or when delivered under this Agreement will be, a legal, valid and binding obligation of Borrower enforceable against it Borrower in accordance with their respective its 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 remediesgenerally.

Appears in 1 contract

Samples: Loan Agreement (Artistic Greetings Inc)

Legally Enforceable Agreements. This Agreement is, and each of the other Loan Documents when delivered under this Agreement will be, a constitute the legal, valid and binding obligation obligations 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 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 (Harvest States Cooperatives)

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Legally Enforceable Agreements. This Agreement is, and each of the other Loan Documents documents when delivered under pursuant to this Agreement will shall be, a legal, valid and binding obligation obligations of Borrower and each Guarantor, as applicable, enforceable against it Borrower and the applicable Guarantor 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 remediesgenerally.

Appears in 1 contract

Samples: Revolving Working Capital, Land Acquisition and Development and Residential Construction Borrowing Base Facility Agreement (Levitt Corp)

Legally Enforceable Agreements. 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.other

Appears in 1 contract

Samples: Loan Agreement (Friedmans Inc)

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