Common use of Validity and Binding Effect Clause in Contracts

Validity and Binding Effect. The Loan Agreement, as amended hereby, is a legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency or other similar laws of general application affecting the enforcement of creditors' rights or by general principles of equity limiting the availability of equitable remedies.

Appears in 10 contracts

Samples: Loan and Security Agreement (CFC International Inc), Loan Agreement (Gold Banc Corp Inc), Revolving Loan Agreement (Aar Corp)

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Validity and Binding Effect. The Loan Agreement, as amended hereby, is a legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency or other similar laws of general application affecting the enforcement of creditors' rights or by general principles of equity limiting the availability of equitable remedies.

Appears in 8 contracts

Samples: Loan Agreement (Hutchinson Technology Inc), Loan Agreement (Metrocorp Inc), Credit Agreement (Quixote Corp)

Validity and Binding Effect. The Loan Agreement, as amended hereby, is constitutes a legal, valid and binding obligation of the Borrower, enforceable against the Borrower it in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency insolvency, reorganization, moratorium or other similar laws of general application affecting the enforcement of creditors' rights or generally and by general equitable principles of (whether enforcement is sought by proceedings in equity limiting the availability of equitable remediesor at law).

Appears in 7 contracts

Samples: The Loan Agreement (Chartermac), The Loan Agreement (Centerline Holding Co), The Loan Agreement (American Mortgage Acceptance Co)

Validity and Binding Effect. The Loan Agreement, as amended hereby, is a legal, valid and binding obligation of the Borrowersuch Company, enforceable against the Borrower such Company in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency or other similar laws of general application affecting the enforcement of creditors' rights or by general principles of equity limiting the availability of equitable remedies.

Appears in 2 contracts

Samples: Credit Agreement (Westell Technologies Inc), Credit Agreement (Westell Technologies Inc)

Validity and Binding Effect. The Loan Agreement, as amended hereby, is a hereby and the Revolving Note are the legal, valid and binding obligation obligations of the Borrower, enforceable against the Borrower in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency or other similar laws of general application affecting the enforcement of creditors' rights or by general principles of equity limiting the availability of equitable remedies.

Appears in 2 contracts

Samples: Loan and Security Agreement (US BioEnergy CORP), Loan and Security Agreement (CHS Inc)

Validity and Binding Effect. The Loan Agreement, as amended hereby, is --------------------------- a legal, valid and binding obligation of the each Borrower, enforceable against the each Borrower in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency or other similar laws of general application affecting the enforcement of creditors' rights or by general principles of equity limiting the availability of equitable remedies.

Appears in 2 contracts

Samples: Loan Documents (Amrep Corp.), Loan Documents (Amrep Corp.)

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Validity and Binding Effect. The Loan Agreement, as amended hereby, is a the legal, valid and binding obligation obligations of the Borrower, enforceable against the Borrower in accordance with its those terms, except as enforceability may be limited by bankruptcy, insolvency or other similar laws of general application affecting the enforcement of creditors' rights or by general principles of equity limiting the availability of equitable remedies.

Appears in 2 contracts

Samples: Loan and Security Agreement (CHS Inc), Loan and Security Agreement (US BioEnergy CORP)

Validity and Binding Effect. The Loan Agreement, as amended hereby, is a legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency or other similar laws of general application affecting the enforcement of creditors' creditors rights or by general principles of equity limiting the availability of equitable remedies.

Appears in 1 contract

Samples: Revolving Loan Agreement (Aar Corp)

Validity and Binding Effect. The Loan Agreement, as amended ------------------------------ hereby, is a legal, valid and binding obligation of the each Borrower, enforceable against the each Borrower in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency or other similar laws of general application affecting the enforcement of creditors' rights or by general principles of equity limiting the availability of equitable remedies.

Appears in 1 contract

Samples: Loan Documents (Amrep Corp.)

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