Common use of Validity of Loan Documents Clause in Contracts

Validity of Loan Documents. Upon due execution and delivery thereof, the Loan Documents shall constitute the legal, valid and binding obligations of Borrower, enforceable against Borrower in accordance with their respective terms, subject only to bankruptcy and insolvency laws applicable to creditors generally and to equity principles which may preclude specific performance and other equitable remedies.

Appears in 5 contracts

Samples: Loan Agreement (Green Power Energy Holdings Corp), Loan Agreement (Green Power Energy Holdings Corp), Loan Agreement (Paradise Music & Entertainment Inc)

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Validity of Loan Documents. Upon due execution and delivery thereof, the The Loan Documents shall constitute the legal, valid valid, and binding obligations of Borrower, Borrower and ADES enforceable against Borrower in accordance with their respective terms, subject only to except as enforceability may be limited by applicable bankruptcy and insolvency laws, laws applicable to creditors affecting creditors' rights generally and to equity or general principles which may preclude specific performance and other equitable remediesof equity.

Appears in 2 contracts

Samples: Loan and Security Agreement (Advanced Emissions Solutions, Inc.), Loan and Security Agreement (Advanced Emissions Solutions, Inc.)

Validity of Loan Documents. Upon due execution and delivery thereof, the The Loan Documents shall constitute are in all respects the legal, valid and binding obligations of Borrower, Borrower enforceable against Borrower in accordance with their respective terms, subject only except as limited by bankruptcy, insolvency, general principles of equity or other laws of general application relating to bankruptcy the enforcement of creditors' rights, and insolvency laws applicable grant to creditors generally the Lender a direct, valid and to equity principles which may preclude specific performance enforceable lien on, and other equitable remedies.security interest in and to, the Property;

Appears in 2 contracts

Samples: Mortgage Loan Modification Agreement (Resources Accrued Mortgage Investors 2 Lp), Mortgage Loan Modification Agreement (High Cash Partners L P)

Validity of Loan Documents. Upon due execution and delivery thereof, the The Loan Documents shall constitute have been executed and delivered in accordance with the requirements of law and are in all respects legal, valid and binding obligations of Borrower, enforceable against Borrower in accordance with their respective terms, subject only and the Loan Documents grant to bankruptcy Lender direct, valid, and insolvency laws applicable to creditors generally enforceable first liens upon, and to equity principles which may preclude specific performance and other equitable remediessecurity interests in, the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement

Validity of Loan Documents. Upon due execution and delivery thereof, the The Loan Documents shall constitute the legal, valid valid, and binding obligations of Borrowereach Obligor to which it is a party and any Third Parties thereto, enforceable against Borrower in accordance with their respective terms, subject only to except as enforceability may be limited by applicable bankruptcy and insolvency laws, laws applicable to affecting creditors rights generally and to equity or general principles which may preclude specific performance and other equitable remediesof equity.

Appears in 1 contract

Samples: Credit Agreement (Metretek Technologies Inc)

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Validity of Loan Documents. Upon due execution and delivery thereof, the The Loan Documents shall constitute the legal, valid and binding obligations of Borrower, enforceable against Borrower in accordance with their respective terms, subject only to bankruptcy and insolvency laws applicable to creditors generally and to equity principles which may preclude specific performance and other equitable remedies.

Appears in 1 contract

Samples: Loan Agreement (First Choice Healthcare Solutions, Inc.)

Validity of Loan Documents. Upon due execution and delivery thereof, the The Loan Documents shall constitute the legal, valid and binding obligations of the Borrower, enforceable against Borrower in accordance with their respective terms, subject only to bankruptcy and insolvency laws applicable to creditors generally and to equity principles which may preclude specific performance and other equitable remedies.

Appears in 1 contract

Samples: Loan Agreement (First Choice Healthcare Solutions, Inc.)

Validity of Loan Documents. Upon due execution and delivery thereof, the The Loan Documents shall constitute the legal, valid and binding obligations of the Borrower, enforceable against the Borrower in accordance with their respective terms, subject only to bankruptcy and insolvency laws applicable to creditors generally and to equity principles which may preclude specific performance and other equitable remedies.the terms of the Loan Documents;

Appears in 1 contract

Samples: Commitment Letter (Shepard Vision, Inc.)

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