Common use of Legally Enforceable Agreements Clause in Contracts

Legally Enforceable Agreements. Each Facility Document is, or when delivered under this Agreement will be, a legal, valid and binding obligation of the Borrower enforceable against the Borrower in accordance with its terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency and other similar laws affecting creditors' rights generally.

Appears in 3 contracts

Samples: Credit Agreement (Frontier Corp /Ny/), Credit Agreement (Seneca Foods Corp /Ny/), Credit Agreement (Seneca Foods Corp /Ny/)

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Legally Enforceable Agreements. Each Subject to Bankruptcy Court approval, each Facility Document is, or when delivered under this Agreement will be, a legal, valid and binding obligation of the Borrower enforceable against the Borrower in accordance with its terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency and other similar laws affecting creditors' rights generally.

Appears in 2 contracts

Samples: Credit Agreement (IGIA, Inc.), Credit Agreement (Sonus Communication Holdings Inc)

Legally Enforceable Agreements. Each Facility Document is, or when delivered under this Agreement will be, a legal, valid and binding obligation of the Borrower Borrowers (and is Subsidiaries, as applicable) enforceable against the Borrower Borrowers, and such Subsidiaries, in accordance with its terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency and other similar laws affecting creditors' rights generally.

Appears in 2 contracts

Samples: Credit Agreement (Geotek Communications Inc), Credit Agreement (Chatterjee Purnendu)

Legally Enforceable Agreements. Each Facility Document is, or when executed and delivered under this Agreement will be, a legal, valid and binding obligation of the Borrower Borrower, enforceable against the Borrower in accordance with its terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency and insolvency, reorganization, moratorium or other similar laws affecting creditors' rights generallygenerally and general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).

Appears in 1 contract

Samples: Senior Subordinated Note Purchase Agreement (Us Franchise Systems Inc/)

Legally Enforceable Agreements. Each Facility Document is, or when delivered under this Agreement will be, a legal, valid and binding obligation of the Borrower Obligors, enforceable against the Borrower Obligors in accordance with its terms, except to the extent that such enforcement may be limited by general principles of equity or by applicable bankruptcy, insolvency and other similar laws affecting creditors' rights generally.

Appears in 1 contract

Samples: Revolving Credit Agreement (Comforce Corp)

Legally Enforceable Agreements. Each Facility Document is, or when delivered under this Agreement will be, a legal, valid and binding obligation of the Borrower and each Guarantor (if such entity or Person is a party thereto) enforceable against the Borrower such Person in accordance with its terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency and other similar laws affecting creditors' rights generallygenerally or by the effect of general principles of equity which may limit the availability of equitable remedies (whether in a proceeding at law or in equity).

Appears in 1 contract

Samples: Revolving Credit Agreement (Standard Funding Corp)

Legally Enforceable Agreements. Each Facility Document is, or when delivered under this Agreement will be, a legal, valid and binding obligation of the Borrower Borrowers and the Subsidiary Guarantor, enforceable against the Borrower Borrowers sand the Subsidiary Guarantor, in accordance with its terms, except to the extent that such enforcement enforceability may be limited subject to limitations imposed by general principles of equity or applicable bankruptcy, insolvency and other similar laws affecting creditors' rights generally.

Appears in 1 contract

Samples: Credit Agreement (Act Manufacturing Inc)

Legally Enforceable Agreements. Each Facility Document is, or when delivered under this Agreement will be, a legal, valid and binding obligation of the Borrower or the Guarantor, as the case may be, enforceable against the Borrower or the Guarantor in accordance with its terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency and other similar laws affecting creditors' rights generally.

Appears in 1 contract

Samples: Credit Agreement (Performance Technologies Inc \De\)

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Legally Enforceable Agreements. Each Facility Document is, or when delivered under this Agreement will be, a legal, valid and binding obligation of each of the Borrower Co-Borrowers party thereto enforceable against the Borrower such Co-Borrowers in accordance with its terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency and other similar laws affecting creditors' rights generally.

Appears in 1 contract

Samples: Credit Agreement (Olsten Corp)

Legally Enforceable Agreements. Each Facility Document is, ------------------------------ or when delivered under this Agreement will be, a legal, valid and binding obligation of the Borrower and the Subsidiary Guarantor, enforceable against the Borrower and the Subsidiary Guarantor, in accordance with its terms, except to the extent that such enforcement enforceability may be limited subject to limitations imposed by general principles of equity or applicable bankruptcy, insolvency and other similar laws affecting creditors' rights generally.

Appears in 1 contract

Samples: Credit Agreement (Act Manufacturing Inc)

Legally Enforceable Agreements. Each Facility Document is, or when delivered under this Agreement will be, a legal, valid and binding obligation of the Borrower borrower enforceable against the Borrower in accordance with its terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency and other similar laws affecting creditors' rights generally.

Appears in 1 contract

Samples: Credit Agreement (MFS Multimarket Income Trust)

Legally Enforceable Agreements. Each Facility Document is, or when delivered under this Agreement will be, is a legal, valid and binding obligation of the Borrower Borrowers and each Guarantor, enforceable against the Borrower Borrowers and each Guarantor party thereto, in accordance with its terms, except to the extent that such enforcement enforceability may be limited subject to limitations imposed by general principles of equity or applicable bankruptcy, insolvency and other similar laws affecting creditors' rights generally.

Appears in 1 contract

Samples: Credit Agreement (Huttig Building Products Inc)

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