Common use of Validity and Binding Nature Clause in Contracts

Validity and Binding Nature. 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 terms, subject to bankruptcy, insolvency and similar laws affecting the enforceability of creditors’ rights generally and to general principles of equity.

Appears in 27 contracts

Samples: Loan and Security Agreement (Digital Ally, Inc.), Loan and Security Agreement (FC Global Realty Inc), Loan and Security Agreement (FC Global Realty Inc)

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Validity and Binding Nature. This Loan Agreement is, and the other Loan Transaction Documents are to which it is a party when duly executed and delivered by the Borrower and the other parties thereto will be, the legal, valid and binding obligations obligation of the Borrower, enforceable against the Borrower in accordance with their respective terms, subject to except as enforceability may be limited by applicable bankruptcy, insolvency and insolvency, reorganization, moratorium or similar laws law affecting the enforceability of creditors’ rights generally and to by general principles of equity.

Appears in 10 contracts

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

Validity and Binding Nature. This Agreement and the other Loan Documents are the legal, valid and binding obligations of the BorrowerBorrowers, enforceable against the Borrower Borrowers in accordance with their terms, subject to bankruptcy, insolvency and similar laws affecting the enforceability of creditors’ rights generally and to general principles of equity.

Appears in 5 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Smithway Motor Xpress Corp), Loan and Security Agreement (Hill International, Inc.)

Validity and Binding Nature. This Agreement agreement and the other Loan Documents are the legal, valid valid, and binding obligations of the Borrower, enforceable against the Borrower in accordance with their terms, subject to bankruptcy, insolvency insolvency, and similar laws affecting the enforceability of creditors’ rights generally and to general principles of equity.

Appears in 3 contracts

Samples: Loan Agreement (Jacksonville Bancorp Inc /Fl/), Loan Agreement (Jacksonville Bancorp Inc /Fl/), Loan Agreement (Jacksonville Bancorp Inc /Fl/)

Validity and Binding Nature. This Agreement and the other Loan Documents are the legal, valid and binding obligations of the each Borrower, enforceable against the each Borrower in accordance with their terms, subject to bankruptcy, insolvency and similar laws affecting the enforceability of creditors’ rights generally and to general principles of equity.

Appears in 3 contracts

Samples: Loan and Security Agreement (Amerinac Holding Corp.), Loan and Security Agreement (BG Staffing, Inc.), Loan and Security Agreement (LTN Staffing, LLC)

Validity and Binding Nature. This Agreement and the other Loan Documents are the legal, valid and binding obligations of the each Borrower, enforceable against the each such Borrower in accordance with their terms, subject to bankruptcy, insolvency and similar laws affecting the enforceability of creditors’ rights generally and to general principles of equity.

Appears in 3 contracts

Samples: Loan and Security Agreement (Intricon Corp), Loan and Security Agreement (Intricon Corp), Loan and Security Agreement (Intricon Corp)

Validity and Binding Nature. This Agreement and the other Loan ------------------------------ Documents are the legal, valid and binding obligations of the BorrowerBorrowers, enforceable against the Borrower Borrowers in accordance with their terms, subject to bankruptcy, insolvency and similar laws affecting the enforceability of creditors' rights generally and to general principles of equity.

Appears in 2 contracts

Samples: Loan and Security Agreement (Amrep Corp.), Loan and Security Agreement (Amrep Corp.)

Validity and Binding Nature. 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 terms, subject to bankruptcyLenderruptcy, insolvency and similar laws affecting the enforceability of creditors’ rights generally and to general principles of equity.

Appears in 2 contracts

Samples: Loan Agreement (Helpful Alliance Co), Loan Extension Agreement (Helpful Alliance Co)

Validity and Binding Nature. 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 terms, subject to bankruptcy, insolvency and similar laws affecting the enforceability of creditors' rights generally and to general principles of equity.

Appears in 2 contracts

Samples: Loan and Security Agreement (Birner Dental Management Services Inc), Loan and Security Agreement (Rockwell Medical Technologies Inc)

Validity and Binding Nature. This Agreement and the other Loan Documents are the legal, valid and binding obligations of the Borrower, enforceable against the Borrower and, to the extent it is a party thereto, each Subsidiary Guarantor in accordance with their terms, subject to bankruptcy, insolvency and similar laws affecting the enforceability of creditors' rights generally and to general principles of equity.

Appears in 1 contract

Samples: Loan and Security Agreement (Boyd Bros Transportation Inc)

Validity and Binding Nature. 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 terms, subject to bankruptcy, insolvency and similar laws affecting the enforceability of creditors’ rights generally and to general principles of equity.

Appears in 1 contract

Samples: Loan and Security Agreement (Ari Network Services Inc /Wi)

Validity and Binding Nature. 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 terms, subject to bankruptcy, insolvency and similar laws affecting the enforceability of creditors’ rights generally and to general principles of equity. The Guaranty constitutes the valid and binding obligations of Guarantor, enforceable against Guarantor in accordance with their terms, subject to bankruptcy, insolvency and similar laws affecting the enforceability of creditors’ rights generally and to general principles of equity.

Appears in 1 contract

Samples: Revolving Credit Agreement (American Land Lease Inc)

Validity and Binding Nature. 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 terms, subject to bankruptcy, insolvency and similar laws affecting the enforceability of creditors' rights generally and to general principles of equity.

Appears in 1 contract

Samples: Credit Agreement (Integrity Media Inc)

Validity and Binding Nature. This Agreement and all of the other Loan Documents are the legal, valid and binding obligations of the BorrowerBorrower and each Guarantor, enforceable against the Borrower each of them in accordance with their respective terms, subject except to the extent that enforcement thereof may be limited by bankruptcy, insolvency insolvency, reorganization, moratorium and other laws enacted for the relief of debtors generally and other similar laws affecting the enforceability enforcement of creditors’ rights generally or by equitable principles which may affect the availability of specific performance and to general principles of equityother equitable remedies.

Appears in 1 contract

Samples: Credit Agreement (Regan Holding Corp)

Validity and Binding Nature. This Agreement and the other Loan Documents and Post-Closing Cash Documents are the legal, valid and binding obligations of the Borrower, enforceable against the Borrower in accordance with their terms, subject to bankruptcy, insolvency and similar laws affecting the enforceability of creditors' rights generally and to general principles of equity.

Appears in 1 contract

Samples: Loan, Security and Pledge Agreement (DJSP Enterprises, Inc.)

Validity and Binding Nature. This Agreement Agreement, the Note and the all other Loan Documents Documents, when duly executed and delivered, are the and will be, legal, valid and binding obligations of the Borrower, Borrower enforceable against the Borrower in accordance with their respective terms, subject to bankruptcy, insolvency and similar laws affecting the enforceability of creditors’ rights generally and to general principles of equity.

Appears in 1 contract

Samples: Revolving Credit Agreement (National Healthcare Corp)

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Validity and Binding Nature. This Agreement and the each other Loan Documents are Document constitute the legal, valid valid, and binding obligations of the Borrower, each Borrower enforceable against the such Borrower in accordance with their respective terms, subject except to the extent enforceability thereof is limited by bankruptcy, insolvency and similar or other laws relating to, or affecting the enforceability of enforcement of, creditors' rights generally in general, and to by general principles of equity.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Applied Power Inc)

Validity and Binding Nature. This Agreement and the other Loan Documents are the legal, valid and binding obligations of the BorrowerObligors, enforceable against the Borrower Obligors in accordance with their terms, subject to bankruptcy, insolvency and similar laws affecting the enforceability of creditors' rights generally and to general principles of equity.

Appears in 1 contract

Samples: Loan and Security Agreement (United Western Bancorp Inc)

Validity and Binding Nature. This Agreement and the other Loan Documents are the legal, valid and binding obligations of each of the BorrowerBorrower and the Guarantors, enforceable against the Borrower such Obligor in accordance with their terms, subject to bankruptcy, insolvency and similar laws affecting the enforceability of creditors’ rights generally and to general principles of equity.

Appears in 1 contract

Samples: Credit Agreement (Enova International, Inc.)

Validity and Binding Nature. This Loan Agreement and all of the other Loan Documents are the Documents, when executed and delivered to Agent hereunder, will constitute legal, valid and binding obligations of the Borrower, enforceable against the Borrower in accordance with their termsthe respective terms thereof subject, subject as to enforcement only, to bankruptcy, insolvency and insolvency, moratorium or similar laws laws, then in effect, affecting the enforceability rights of creditors’ rights creditors generally and to general principles of equityequitable principles.

Appears in 1 contract

Samples: Loan and Security Agreement (Harvey Entertainment Co)

Validity and Binding Nature. This Each of this Agreement and the each other Loan Documents are Document is the legal, valid and binding obligations obligation of the Borrower, enforceable against the Borrower in accordance with their its terms, subject to bankruptcy, insolvency and similar laws affecting the enforceability of creditors’ rights generally and to general principles of equity.

Appears in 1 contract

Samples: Credit Agreement (Greenlight Capital Re, Ltd.)

Validity and Binding Nature. This Each of this Agreement and the each other Loan Documents are Document is the legal, valid and binding obligations obligation of the BorrowerCompany, enforceable against the Borrower Company in accordance with their its terms, subject to bankruptcy, insolvency and similar laws affecting the enforceability of creditors’ rights generally and to general principles of equity.

Appears in 1 contract

Samples: Credit Agreement (Aar Corp)

Validity and Binding Nature. 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 terms, subject to bankruptcyBankruptcy, insolvency and similar laws affecting the enforceability of creditors’ rights generally and to general principles of equity.

Appears in 1 contract

Samples: Loan Agreement (Helpful Alliance Co)

Validity and Binding Nature. 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 terms, subject to bankruptcyBankruptcy, insolvency and similar laws affecting the enforceability of creditors' rights generally and to general principles of equity.

Appears in 1 contract

Samples: Loan Agreement (Helpful Alliance Co)

Validity and Binding Nature. This Agreement and the other Loan Documents are the legal, valid and binding obligations of the BorrowerBorrowers, enforceable against the Borrower Borrowers in accordance with their terms, subject to bankruptcy, insolvency and similar laws affecting the enforceability of creditors’ rights generally and to general principles of equity.

Appears in 1 contract

Samples: Loan and Security Agreement (Inland American Real Estate Trust, Inc.)

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