Common use of Validity of Agreements Clause in Contracts

Validity of Agreements. The Borrower's Operative Documents have been duly authorized, executed and delivered and constitute its legal, valid and binding agreements, enforceable against the Borrower in accordance with their respective terms (except to the extent that enforcement thereof may be limited by any applicable bankruptcy, reorganization, moratorium or similar laws now or hereafter in effect, or by principles of equity).

Appears in 9 contracts

Samples: 1996 Revolving Credit Agreement (Data Transmission Network Corp), Term Credit Agreement (Data Transmission Network Corp), Revolving Credit Agreement (Ameritrade Holding Corp)

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Validity of Agreements. The Borrower's Operative Documents of the Borrower and each of the Guarantors have been duly authorized, executed and delivered and constitute its their legal, valid and binding agreements, enforceable against the Borrower and the Guarantors in accordance with their respective terms (except to the extent that enforcement thereof may be limited by any applicable bankruptcy, reorganization, moratorium or similar laws now or hereafter in effect, or by principles of equity).

Appears in 3 contracts

Samples: Revolving Credit Agreement (Ameritrade Holding Corp), Revolving Credit Agreement (Ballantyne of Omaha Inc), Revolving Credit Agreement (Ameritrade Holding Corp)

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Validity of Agreements. The Borrower's Its Operative Documents have been duly authorized, executed and delivered and constitute its legal, valid and binding agreements, enforceable against the Borrower in accordance with their respective terms (except to the extent that enforcement thereof may be limited by any applicable bankruptcy, reorganization, moratorium or similar laws now or hereafter in effect, or by principles of equity).

Appears in 2 contracts

Samples: Loan Agreement (Data Transmission Network Corp), 1996 Term Credit Agreement (Data Transmission Network Corp)

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