Common use of Valid, Binding and Enforceable Clause in Contracts

Valid, Binding and Enforceable. This Agreement and the Loan Documents to which the Borrower is a party have been duly and validly executed and delivered by the Borrower and constitute the valid and legally binding obligations of such parties enforceable in accordance with their respective terms, except as enforcement of this Agreement and the other Loan Documents may be limited by bankruptcy, insolvency or other laws of general application relating to or affecting the enforcement of creditors' rights and except as enforcement is subject to general equitable principles.