Common use of Validity and Binding Effect Clause in Contracts

Validity and Binding Effect. This Agreement and the other Loan Documents are the legal, valid and binding obligations of Borrower, enforceable in accordance with their respective terms, subject to limitations imposed by bankruptcy, insolvency, moratorium or other similar laws affecting the rights of creditors generally or the application of general equitable principles.

Appears in 11 contracts

Samples: Employment Agreement (Accentia Biopharmaceuticals Inc), Employment Agreement (Accentia Biopharmaceuticals Inc), Employment Agreement (Accentia Biopharmaceuticals Inc)

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Validity and Binding Effect. This Agreement and the other Loan Documents are the legal, valid and binding obligations of the Borrower, enforceable in accordance with their respective terms, subject to limitations imposed by bankruptcy, insolvency, moratorium or other similar laws affecting the rights of creditors generally or the application of general equitable principles.

Appears in 8 contracts

Samples: Loan Agreement (Online Resources & Communications Corp), Loan Agreement (American Consolidated Laboratories Inc), Loan Agreement (Horizon Medical Products Inc)

Validity and Binding Effect. This Agreement and the other Loan Documents are the legal, valid and binding obligations of each Borrower, enforceable in accordance with their respective terms, subject to limitations imposed by bankruptcy, insolvency, moratorium or other similar laws affecting the rights of creditors generally or the application of general equitable principles.

Appears in 5 contracts

Samples: Pledge and Security Agreement (Dreams Inc), Pledge and Security Agreement (Dreams Inc), Loan Agreement (Compass Plastics & Technologies Inc)

Validity and Binding Effect. This Agreement and the other The Loan Documents are the and any Supplemental Documentation contemplated by this Agreement, when duly executed and delivered will be, legal, valid and binding obligations of the Borrower, enforceable against the Borrower in accordance with their respective terms, subject to limitations imposed except as enforceability may be limited by bankruptcy, insolvency, moratorium insolvency or other similar laws of general application affecting the enforcement of creditors' rights or by general principles of creditors generally or equity limiting the application availability of general equitable principlesremedies.

Appears in 2 contracts

Samples: Credit and Security Agreement (Cryenco Sciences Inc), Credit and Security Agreement (Premiumwear Inc)

Validity and Binding Effect. This Agreement and the other Loan --------------------------- Documents are the legal, valid and binding obligations of Borrower, enforceable in accordance with their respective terms, subject to limitations imposed by bankruptcy, insolvency, moratorium or other similar laws affecting the rights of creditors generally or the application of general equitable principles.

Appears in 2 contracts

Samples: Stock Purchase Warrant (Act Teleconferencing Inc), Loan Agreement (Radiant Systems Inc)

Validity and Binding Effect. This Agreement and the other Loan Documents are the legal, valid and binding obligations of the Borrower, enforceable against the Borrower in accordance with their respective terms, subject to limitations imposed by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforceability of creditors’ rights generally and to general principles of creditors generally or the application of general equitable principlesequity.

Appears in 2 contracts

Samples: Loan and Security Agreement (Atlas Financial Holdings, Inc.), Loan and Security Agreement (Atlas Financial Holdings, Inc.)

Validity and Binding Effect. This Agreement and the other Loan Documents are the legal, valid and binding obligations of Borrowereach Obligor, enforceable in accordance with their respective terms, subject to limitations imposed by bankruptcy, insolvency, moratorium or other similar laws affecting the rights of creditors generally or the application of general equitable principles.

Appears in 2 contracts

Samples: Loan Agreement (Sb Merger Corp), Loan Agreement (Dynagen Inc)

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Validity and Binding Effect. This Agreement and the other Loan Documents are the legal, valid and binding obligations of Borrowerthe parties thereto, enforceable in accordance with their respective terms, subject to limitations imposed by applicable bankruptcy, reorganization, insolvency, moratorium or moratorium, fraudulent conveyance, and other similar laws affecting the creditors' rights of creditors generally or the application of from time to time in effect and to general equitable principlesprinciples (whether considered in a proceeding at law or in equity).

Appears in 2 contracts

Samples: Loan Agreement (Back Yard Burgers Inc), Loan Agreement (Back Yard Burgers Inc)

Validity and Binding Effect. This Agreement and the other Loan Documents are the legal, valid and binding obligations of BorrowerBorrower and the Guarantors, as the case may be, enforceable in accordance with their respective terms, subject to limitations imposed by bankruptcy, insolvency, moratorium or other similar laws affecting the rights of creditors generally or the application of general equitable principles.

Appears in 2 contracts

Samples: Amended and Restated Loan Agreement (Home Solutions of America Inc), Loan Agreement (Home Solutions of America Inc)

Validity and Binding Effect. This Agreement and the other Loan Documents are the legal, valid and binding obligations of Borrowerthe Borrower and its Subsidiaries, enforceable in accordance with their respective terms, subject to limitations imposed by bankruptcy, insolvency, moratorium moratorium, or other similar laws affecting the rights of creditors generally or the application provisions of general equitable principlesapplication.

Appears in 1 contract

Samples: Loan and Security Agreement (Paysys International Inc)

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