Valid Obligations. The execution, delivery and performance of the Loan Documents have been duly authorized by all necessary corporate action and each represents a legal, valid and binding obligation of Borrower and is fully enforceable according to its terms, except as limited by laws relating to the enforcement of creditors' rights.
Appears in 13 contracts
Samples: Loan Agreement (Sono Tek Corp), Loan Agreement (Sono Tek Corp), Loan and Security Agreement (Chembio Diagnostics, Inc.)
Valid Obligations. The execution, delivery and performance of the Loan Documents have been duly authorized by all necessary corporate action and each represents a legal, valid and binding obligation of Borrower and is fully enforceable according to its terms, except as limited by laws relating to the enforcement of creditors' ’ rights.
Appears in 12 contracts
Samples: Loan Agreement, Loan and Security Agreement (Document Security Systems Inc), Loan Agreement (Document Security Systems Inc)
Valid Obligations. The execution, delivery and performance of the Loan Documents have been duly authorized by all necessary corporate action and each represents a the Loan Documents represent the legal, valid and binding obligation of Borrower and is are fully enforceable according to its their terms, except as limited by laws relating to the enforcement of creditors' ’ rights.
Appears in 6 contracts
Samples: Line of Credit Agreement (Star Alliance International Corp.), Line of Credit Agreement (Crown Electrokinetics Corp.), Loan and Security Agreement (Daybreak Oil & Gas, Inc.)
Valid Obligations. The execution, delivery and performance of the Loan Documents have been duly authorized by all necessary corporate action and each represents a legal, valid and binding obligation of Borrower and is fully enforceable according to its terms, except as limited by equity or laws relating to the enforcement of creditors' rights.
Appears in 5 contracts
Samples: Loan Agreement (Sachem Capital Corp.), Loan Agreement (Truett-Hurst, Inc.), Loan and Security Agreement (Truett-Hurst, Inc.)
Valid Obligations. The execution, delivery and performance of the Loan Documents have been duly authorized by all necessary corporate action and each represents a legal, valid and binding obligation of Borrower and is fully enforceable according to its terms, except as limited by equity or laws relating to the enforcement of creditors' ’ rights.
Appears in 4 contracts
Samples: Loan and Security Agreement (Truett-Hurst, Inc.), Loan and Security Agreement (Truett-Hurst, Inc.), Master Letter of Credit Agreement (Sidoti & Company, Inc.)
Valid Obligations. The execution, delivery and performance of the Loan Documents have been duly authorized by all necessary corporate action and each represents a legal, valid and binding obligation of each Borrower and is fully enforceable according to its terms, except as limited by laws relating to the enforcement of creditors' rights.
Appears in 2 contracts
Samples: Loan and Security Agreement (Fix Corp International Inc), Loan and Security Agreement (Fix Corp International Inc)
Valid Obligations. The execution, delivery and performance of the Loan Documents have been duly authorized by all necessary corporate action and each represents a legal, valid and binding obligation of Borrower and is fully enforceable according to its terms, except as limited by laws relating to the enforcement of creditors' creditor's rights.
Appears in 2 contracts
Samples: Loan and Security Agreement (Igi Inc), Loan and Security Agreement (Igi Inc)
Valid Obligations. The execution, delivery and performance of the Loan Documents have been duly authorized by all necessary corporate action and each represents a legal, valid and binding obligation of Borrower each Obligor and is fully enforceable according to its terms, except as limited by laws relating to the enforcement of creditors' rightsrights and by general principles of equity.
Appears in 1 contract
Samples: Revolving Credit, Term Loan and Security Agreement (Seracare Inc)
Valid Obligations. The execution, delivery and performance of the Loan Documents have been duly authorized by all necessary corporate action action, and each represents a legal, valid and binding obligation of Borrower and its Subsidiaries and is fully enforceable according to its terms, except as limited by laws relating to the enforcement of creditors' rights.
Appears in 1 contract
Samples: Loan and Security Agreement (Unique Fabricating, Inc.)
Valid Obligations. The execution, delivery and performance of the Loan Documents have been duly authorized by all necessary corporate action and each represents a legal, valid and binding obligation of the Borrower and is fully enforceable according to its terms, except as limited by laws relating to the enforcement of creditors' ’ rights.
Appears in 1 contract
Valid Obligations. The execution, delivery and performance of the Loan Documents have been duly authorized by all necessary corporate action and consents as called for in the Borrower’s organizational and operating documents and each represents a legal, valid and binding obligation of Borrower and is fully enforceable according to its terms, except as limited by laws relating to the enforcement of creditors' rights.
Appears in 1 contract
Samples: Revolving Demand Line of Credit Loan Agreement (Stran & Company, Inc.)
