Common use of Legally Enforceable Agreements Clause in Contracts

Legally Enforceable Agreements. Each Facility Document to which any Obligor is a party is, or when delivered under this Agreement will be, a legal, valid and binding obligation of such Obligor enforceable against such Obligor 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 9 contracts

Samples: Credit Agreement (Micro Warehouse Inc), Credit Agreement (JLM Industries Inc), Credit Agreement (Daka International Inc)

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

Appears in 2 contracts

Samples: Credit Agreement (Cross Media Marketing Corp), Credit Agreement (Kroll Inc)

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Legally Enforceable Agreements. Each Facility Document to which any Obligor is a party is, or when delivered under this Agreement will be, a legal, valid and binding obligation of such Obligor each of the Co-Borrowers party thereto enforceable against such Obligor 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)

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