Common use of Valid, Binding and Enforceable Clause in Contracts

Valid, Binding and Enforceable. This Agreement and each other Transaction Document to which it is a party are valid, binding and enforceable against Seller in accordance with their respective terms, except as such enforcement may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws relating to or limiting creditors’ rights generally and by general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law).

Appears in 6 contracts

Samples: Tax Exempt Lease Purchase Agreement (Federal Signal Corp /De/), Tax Exempt Lease Purchase Agreement (Federal Signal Corp /De/), Tax Exempt Lease Purchase Agreement (Federal Signal Corp /De/)

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Valid, Binding and Enforceable. This Agreement and each other Transaction Document to which it is a party are valid, binding and enforceable against Seller Buyer in accordance with their respective terms, except as such enforcement may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws relating to or limiting creditors’ rights generally and by general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law).

Appears in 6 contracts

Samples: Tax Exempt Lease Purchase Agreement (Federal Signal Corp /De/), Tax Exempt Lease Purchase Agreement (Federal Signal Corp /De/), Tax Exempt Lease Purchase Agreement (Federal Signal Corp /De/)

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Valid, Binding and Enforceable. This Agreement and each other Transaction Document to which it is a party are valid, binding and enforceable against Seller Guarantor in accordance with their respective terms, except as such enforcement may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws relating to or limiting creditors’ rights generally and by general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law).

Appears in 5 contracts

Samples: Guaranty and Payment Agreement (Federal Signal Corp /De/), Guaranty and Payment Agreement (Federal Signal Corp /De/), Guaranty and Payment Agreement (Federal Signal Corp /De/)

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