Common use of Trust Agreement Enforceability, etc Clause in Contracts

Trust Agreement Enforceability, etc. The Trust Agreement and, assuming the Trust Agreement is the legal, valid and binding obligation of both Investors, each other Operative Agreement to which Trust Company or the Trust, as the case may be, is a party have been, or on or before the Closing Date will be, duly executed and delivered by Trust Company or the Trust, as the case may be, and the Trust Agreement and each such other Operative Agreement to the extent entered into by the Trust Company constitutes, or upon execution and delivery will constitute, a legal, valid and binding obligation enforceable against Trust Company in accordance with the terms thereof except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors' rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 2 contracts

Samples: Participation Agreement (Hanover Compressor Co), Participation Agreement (Hanover Compression Inc)

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Trust Agreement Enforceability, etc. The Trust Agreement and, assuming the Trust Agreement is the legal, valid and binding obligation of both Investorsthe Certificate Holders, each other Operative Agreement to which Trust Company or the Trust, as the case may be, is a party have been, or on or before the Closing Release Date will be, duly executed and delivered by Trust Company or the Trust, as the case may be, and the Trust Agreement and each such other Operative Agreement to the extent entered into by the Trust Company constitutes, or upon execution and delivery will constitute, a legal, valid and binding obligation enforceable against Trust Company in accordance with the terms thereof except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors' rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 2 contracts

Samples: Participation Agreement (Hanover Compressor Co /), Participation Agreement (Hanover Compressor Co /)

Trust Agreement Enforceability, etc. The Trust Agreement and, assuming the Trust Agreement is the legal, valid and binding obligation of both Investorsthe Investor, each other Operative Agreement to which Trust Company or the Trust, as the case may be, is a party have been, or on or before the Closing Date will be, duly executed and delivered by Trust Company or the Trust, as the case may be, and the Trust Agreement and each such other Operative Agreement to the extent entered into by the Trust Company constitutes, or upon execution and delivery will constitute, a legal, valid and binding obligation enforceable against Trust Company in accordance with the terms thereof except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors' rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 1 contract

Samples: Participation Agreement (Hanover Compressor Co)

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Trust Agreement Enforceability, etc. The Trust Agreement and, ------------------------------------ assuming the Trust Agreement is the legal, valid and binding obligation of both Investors, each other Operative Agreement to which Trust Company or the Trust, as the case may be, is a party have been, or on or before the Closing Date will be, duly executed and delivered by Trust Company or the Trust, as the case may be, and the Trust Agreement and each such other Operative Agreement to the extent entered into by the Trust Company constitutes, or upon execution and delivery will constitute, a legal, valid and binding obligation enforceable against Trust Company in accordance with the terms thereof except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors' rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

Appears in 1 contract

Samples: Participation Agreement (Hanover Compressor Co /)

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