Common use of Validity and Binding Nature Clause in Contracts

Validity and Binding Nature. This Agreement is, and the Other Agreements to which Borrower is a party when delivered hereunder will be, legal, valid and binding obligations of Borrower, enforceable against Borrower in accordance with their respective terms.

Appears in 3 contracts

Samples: Loan and Security Agreement (Heartland Technology Inc), Loan and Security Agreement (Prism Financial Corp), Loan and Security Agreement (Sigmatron International Inc)

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Validity and Binding Nature. This Agreement is, and the Other Agreements to which Borrower is a party when delivered hereunder will be, legal, valid and binding obligations of Borrower, enforceable against Borrower in accordance with their respective termsterms except as such enforceability may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors' rights, generally.

Appears in 3 contracts

Samples: Loan Agreement (Taylor Capital Group Inc), Loan Agreement (Taylor Capital Group Inc), Loan Agreement (Taylor Capital Group Inc)

Validity and Binding Nature. This Agreement is, and each of the Other Agreements Related Documents to which Borrower is a party is (or, when delivered hereunder duly executed and delivered, will be, ) the legal, valid and binding obligations obligation of Borrower, as applicable, enforceable against Borrower Borrower, as applicable, in accordance with their respective termsits terms subject to general principles of equity, bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforceability of agreements and rights granted thereunder generally.

Appears in 2 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement

Validity and Binding Nature. This Agreement is, and is the Other Agreements to which Borrower is a party when delivered hereunder will be, legal, valid and binding obligations obligation of the Borrower, enforceable against the Borrower in accordance with their respective its terms, except as enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by the availability of the remedy of specific performance.

Appears in 2 contracts

Samples: Credit Agreement (Sara Lee Corp), Credit Agreement (D.E Master Blenders 1753 B.V.)

Validity and Binding Nature. This Agreement is, and the Other Agreements Note and the related documents to which the Borrower is a party party, when duly executed and delivered hereunder will be, legal, valid and binding obligations of Borrower, the Borrower enforceable against the Borrower in accordance with their respective terms, except as such may be limited by bankruptcy, insolvency or other laws affecting creditor's rights and remedies.

Appears in 1 contract

Samples: Loan Agreement (Learncom Inc /Nv/)

Validity and Binding Nature. This Agreement is, and each of the Other Agreements Related Documents to which the Borrower is a party is (or, when delivered hereunder duly executed and delivered, will be, ) the legal, valid and binding obligations obligation of Borrower, the Borrower enforceable against the Borrower in accordance with their respective termsits terms subject to bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforceability of agreements and rights granted thereunder generally, and subject to general principles of equity.

Appears in 1 contract

Samples: Master Loan Agreement (Aar Corp)

Validity and Binding Nature. This Agreement is, and --------------------------- the Other Agreements to which each Borrower is a party when delivered hereunder will be, legal, valid and binding obligations of each Borrower, enforceable against each Borrower in accordance with their respective terms, except as such enforcement is limited by bankruptcy, insolvency, rehabilitation or moratorium laws or general principles of equity.

Appears in 1 contract

Samples: Loan Agreement (Kv Pharmaceutical Co /De/)

Validity and Binding Nature. This Agreement is, and the Other --------------------------- Agreements to which Borrower is a party when delivered hereunder will be, legal, valid and binding obligations of Borrower, enforceable against Borrower in accordance with their respective terms.

Appears in 1 contract

Samples: Loan and Security Agreement (Heartland Partners L P)

Validity and Binding Nature. This Agreement is, and the Other --------------------------- Agreements to which each Borrower is a party when delivered hereunder will be, legal, valid and binding obligations of such Borrower, enforceable against such Borrower in accordance with their respective terms.

Appears in 1 contract

Samples: Loan and Security Agreement (Heartland Partners L P)

Validity and Binding Nature. This Agreement is, and the Other Agreements to which each Borrower is a party when delivered hereunder will be, legal, valid and binding obligations of each Borrower, enforceable against each Borrower in accordance with their respective terms, except as such enforcement is limited by bankruptcy, insolvency, rehabilitation or moratorium laws or general principles of equity.

Appears in 1 contract

Samples: Loan Agreement (Kv Pharmaceutical Co /De/)

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Validity and Binding Nature. This Agreement is, and the Other Agreements Related Documents --------------------------- to which the Borrower is a party are (or, when delivered hereunder duly executed and delivered, will be, ) the legal, valid and binding obligations of Borrower, the Borrower enforceable against the Borrower in accordance with their respective terms, except as such enforceability may be limited by (i) bankruptcy, insolvency or similar laws affecting the enforcement of creditors' rights generally or (ii) general principles of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 1 contract

Samples: Revolving Credit Agreement (Allscripts Inc /Il)

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

Appears in 1 contract

Samples: Receivables Financing Agreement (Asta Funding Inc)

Validity and Binding Nature. This Agreement is, and the Other Agreements other Loan Documents to which the Borrower is required to be a party when delivered hereunder will be, under the terms of this Agreement are the legal, valid and binding obligations of Borrower, the Borrower enforceable against the Borrower in accordance with their respective terms, except to the extent that enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium and other laws enacted for the relief of debtors generally, from time to time in effect.

Appears in 1 contract

Samples: Credit Agreement (Nal Financial Group Inc)

Validity and Binding Nature. This Agreement is, and the Other Agreements other Loan Documents to which Borrower is a party when delivered hereunder will be, are the legal, valid and binding obligations of Borrower, enforceable against 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: Loan Agreement (Lime Energy Co.)

Validity and Binding Nature. This Agreement is, and the Other Agreements to which each Borrower is a party when delivered hereunder will be, legal, valid and binding obligations of each Borrower, enforceable against each Borrower in accordance with their respective terms.

Appears in 1 contract

Samples: Loan and Security Agreement (Paul Harris Stores Inc)

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

Appears in 1 contract

Samples: Loan Agreement (CapLease, Inc.)

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