Common use of Validity and Xxxxxxx Effect Clause in Contracts

Validity and Xxxxxxx Effect. This Agreement has been, and each of the other Loan Documents when delivered will have been, (a) duly authorized, validly executed and delivered by each Loan Party, as applicable, and (b) constitutes, or will constitute, legal, valid and binding obligations of each Loan Party which is or will be a party thereto, enforceable against such Loan Party in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.

Validity and Xxxxxxx Effect. This Agreement has been, and each of the other Loan Documents when delivered will have been, (a) duly authorized, validly executed and delivered by each Loan Party, as applicable, and (b) constitutes, or will constitute, legal, valid and binding obligations of each Loan Party which is or will be a party thereto, enforceable against such Loan Party in accordance with its terms, subject to except as such enforceability may be limited by any applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and subject to by general equitable principles of equity, regardless of (whether considered in a proceeding enforcement is sought by proceedings in equity or at law).

Validity and Xxxxxxx Effect. This Agreement has been, and each of the other Loan Documents when delivered will have been, (a) duly authorized, validly executed and delivered by each Loan Party, as applicable, and (b) constitutes, or will constitute, legal, valid and binding obligations of each Loan Party which is or will be a party thereto, enforceable against such Loan Party in accordance with its terms, subject to except as the enforceability may be limited by applicable bankruptcy, insolvency, reorganization, receivership, moratorium or and other laws applicable Laws affecting creditors’ rights generally and subject to by the application of general equitable principles of equity, regardless of (whether considered in a proceeding proceedings at law or in equity or at lawequity).