Common use of Validity of Loan Documents Clause in Contracts

Validity of Loan Documents. The Loan Documents are in all respects legal, valid and binding in accordance with their terms and grant to the City a direct, valid and enforceable first lien on and security interest in and to the Property.

Appears in 28 contracts

Samples: Construction/Permanent Second Deed of Trust Loan Agreement, Home Construction/Permanent Loan Agreement, Construction Loan Agreement

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Validity of Loan Documents. The Loan Documents are in all respects legal, valid and binding in accordance with their terms and grant to the City a direct, valid and enforceable first third lien on and security interest in and to the Property.

Appears in 9 contracts

Samples: Forgivable Loan Agreement, Forgivable Loan Agreement, Forgivable Loan Agreement

Validity of Loan Documents. The Loan Documents are in all respects legal, valid and binding in accordance with their terms and grant to the City a direct, valid and enforceable first second lien on and security interest in and to the Property.

Appears in 5 contracts

Samples: Construction Loan Agreement, Construction Loan Agreement, Construction Loan Agreement

Validity of Loan Documents. The That the Loan Documents are in all respects legal, valid and binding in accordance with their terms and grant to the City Lender a direct, valid and enforceable first lien on and security interest title in and to the PropertyProperty and the personality located thereon.

Appears in 2 contracts

Samples: Construction and Land Acquisition Loan Agreement (Across America Real Estate Development Corp), Construction and Land Acquisition Loan Agreement (Across America Real Estate Development Corp)

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Validity of Loan Documents. The Loan Documents are in all respects legal, valid and binding in accordance with their terms and grant to the City a direct, valid and enforceable first fourth lien on and security interest in and to the Property.

Appears in 2 contracts

Samples: Forgivable Loan Agreement, Forgivable Loan Agreement

Validity of Loan Documents. The Loan Documents are in all respects legal, valid valid, and binding in accordance with their terms and grant to the City a direct, valid and enforceable first lien on and security interest in and to the Propertyterms.

Appears in 1 contract

Samples: Commercial Loan and Security Agreement (Dorman Products, Inc.)

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