Validity; Enforceable Obligations Sample Clauses
The 'Validity; Enforceable Obligations' clause affirms that each party entering into the agreement has the legal authority and capacity to do so, and that the obligations they undertake are legally binding and enforceable. In practice, this means that both parties represent that their execution of the contract does not violate any laws, regulations, or other agreements, and that the commitments made can be upheld in a court of law. This clause serves to ensure that the contract is legally sound and that all parties can rely on its terms being enforceable, thereby reducing the risk of future disputes over the legitimacy or enforceability of the agreement.
Validity; Enforceable Obligations. This Agreement and the other Credit Documents have been duly executed and delivered and constitute legal, valid and binding obligations of the Company enforceable against the Company in accordance with their respective terms, except as may be limited by bankruptcy or insolvency laws or similar laws affecting creditors’ rights generally or by general equitable principles.
Validity; Enforceable Obligations. Mortgagor covenants, represents and warrants that (a) the Note, this Mortgage, the Loan Agreement, and all other documents and instruments executed and delivered by it in connection with the execution and delivery of the Note have been duly executed and delivered and are valid and enforceable obligations of Mortgagor in accordance with the terms thereof and hereof, and (b) this Mortgage does not, nor does the Note, nor does the Loan Agreement, nor does the performance or observance by Mortgagor of any of the matters or things in this Mortgage or the Loan Agreement provided for, contravene any covenant in any indenture or agreement affecting Mortgagor or any of its properties.