Common use of Obligations are Enforceable Clause in Contracts

Obligations are Enforceable. Each of this Agreement and the Notes has been duly authorized by all necessary action on the part of the Company, has been executed and delivered by duly authorized officers of the Company, and constitutes a legal, valid and binding obligation of the Company, enforceable in accordance with its terms, except that the enforceability hereof and of the Notes may be: (i) limited by applicable bankruptcy, reorganization, arrangement, insolvency, moratorium, or other similar laws affecting the enforceability of creditors' rights generally; and (ii) subject to the availability of equitable remedies.

Appears in 2 contracts

Sources: Note Purchase Agreement (Seaboard Corp /De/), Note Purchase Agreement (Seaboard Corp /De/)

Obligations are Enforceable. Each of this Agreement and the Original Notes has been duly authorized by all necessary action on the part of the Company, has been executed and delivered by duly authorized officers of the Company, Company and constitutes a legal, valid and binding obligation of the Company, enforceable in accordance with its terms, except that the enforceability hereof and of the Original Notes may be: (i) limited by applicable bankruptcy, reorganization, arrangement, insolvency, moratorium, moratorium or other similar laws affecting the enforceability of creditors' rights generally; and (ii) subject to the availability of equitable remedies.

Appears in 2 contracts

Sources: Note Purchase Agreement (Birmingham Steel Corp), Note Purchase Agreement (Birmingham Steel Corp)

Obligations are Enforceable. Each of this Agreement and the Notes has been duly authorized by all necessary action on the part of the Company, has been executed and delivered by duly authorized officers of the Company, and constitutes a legal, valid and binding obligation of the Company, enforceable in accordance with its terms, except that the enforceability hereof of this Agreement and of the Notes may be: (i) limited by applicable bankruptcy, reorganization, arrangement, insolvency, moratorium, or other similar laws affecting the enforceability of creditors' rights generally; and (ii) subject to the availability of equitable remedies.

Appears in 1 contract

Sources: Note Purchase Agreement (Selective Insurance Group Inc)

Obligations are Enforceable. Each of this Agreement and the Notes has have been duly authorized by all necessary action on the part of the Company, has have been duly executed and delivered by duly authorized officers of the Company, Company and constitutes a constitute legal, valid and binding obligation obligations of the Company, enforceable in accordance with its terms, their respective terms except that the enforceability hereof of this Agreement and of the Notes may be: (i) limited by applicable bankruptcy, reorganization, arrangement, insolvency, moratorium, moratorium or other similar laws affecting the enforceability of creditors' rights generally; and (ii) subject to the availability of equitable remedies.

Appears in 1 contract

Sources: Note Purchase Agreement (Hudson Foods Inc)

Obligations are Enforceable. Each of this Agreement and the Notes has been duly authorized by all necessary action on the part of the Company, has been executed and delivered by duly authorized officers of the Company, and constitutes a legal, valid and binding obligation of the Company, enforceable in accordance with its terms, except that the enforceability hereof and of the Notes may be: (i) limited by applicable bankruptcy, reorganization, arrangement, insolvency, moratorium, moratorium or other similar laws affecting the enforceability of creditors' rights generally; and (ii) subject to the availability of equitable remedies.

Appears in 1 contract

Sources: Note Purchase Agreement (Omniquip International Inc)

Obligations are Enforceable. Each of this Agreement and the Notes has been duly authorized by all necessary action on the part of the Company, has been executed and delivered by duly authorized officers of the Company, Company and constitutes a legal, valid and binding obligation of the Company, enforceable in accordance with its terms, except that the enforceability hereof and of the Notes may be: (i) limited by applicable bankruptcy, reorganization, arrangement, insolvency, moratorium, moratorium or other similar laws affecting the enforceability of creditors' rights generally; and (ii) subject to the availability of equitable remedies.

Appears in 1 contract

Sources: Note Purchase Agreement (Littelfuse Inc /De)