Common use of Valid and Binding Clause in Contracts

Valid and Binding. This Agreement and all other documents required to close this transaction are and will be valid, legally binding obligations of and enforceable against each party in accordance with their terms, subject only to applicable bankruptcy, insolvency, reorganization, moratorium laws or similar laws or equitable principles affecting or limiting the rights of contracting parties generally.

Appears in 20 contracts

Samples: Agreement of Purchase and Sale and Joint Escrow Instructions, Agreement of Purchase and Sale and Joint Escrow Instructions, Agreement of Purchase and Sale and Joint Escrow Instructions

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Valid and Binding. This Agreement and all other documents required ----------------- to close this transaction are and will shall be valid, legally binding obligations of and enforceable against each party Seller in accordance with their terms, subject only to applicable bankruptcy, insolvency, reorganization, moratorium laws or similar laws or equitable principles affecting or limiting the rights of contracting parties generally.

Appears in 1 contract

Samples: Purchase and Sale Agreement (American General Hospitality Corp)

Valid and Binding. This Agreement agreement and all other documents required to close this transaction are and will be valid, legally binding obligations of and enforceable against each party in accordance with their terms, subject only to applicable bankruptcy, insolvency, reorganization, moratorium laws or similar laws or equitable principles affecting or limiting the rights of contracting parties generally.

Appears in 1 contract

Samples: Agreement of Purchase and Sale and Joint Escrow Instructions (American Family Holdings Inc)

Valid and Binding. This Agreement and all other documents required to close this transaction are are, and will be be, valid, legally binding obligations of and enforceable against each party Party in accordance with their terms, subject only to applicable bankruptcy, insolvency, reorganization, moratorium laws or similar laws or equitable principles affecting or limiting the rights of contracting parties generally.

Appears in 1 contract

Samples: Agreement of Purchase and Sale and Joint Escrow Instructions

Valid and Binding. This Agreement and all other documents required to close this transaction are and will be valid, legally binding obligations of and enforceable against each party in accordance with their terms, subject only to applicable bankruptcy, insolvency, reorganization, moratorium laws or similar laws or equitable principles affecting or limiting the rights of contracting parties generally.,

Appears in 1 contract

Samples: Agreement of Purchase and Sale and Joint Escrow Instructions (American Family Holdings Inc)

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Valid and Binding. This Agreement and all other documents required to close for Closing this transaction are and will be valid, legally binding obligations of and enforceable against each such party in accordance with their terms, subject only to applicable bankruptcy, insolvency, reorganization, moratorium laws or similar laws or equitable principles affecting or limiting the rights of contracting parties generally. The representations and warranties set forth in this Section 11 shall survive the Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement and Joint Escrow Instructions

Valid and Binding. This Agreement and all other documents required to ------------------ close this transaction are and will shall be valid, legally binding obligations of and enforceable against each party Buyer in accordance with their terms, subject only to applicable bankruptcy, insolvency, reorganization, moratorium laws or similar laws or equitable principles affecting or limiting the rights of contracting parties generally.

Appears in 1 contract

Samples: Purchase and Sale Agreement (American General Hospitality Corp)

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