Validity of the Loan Documents. The Loan Documents to which the Borrower is a party are the legal, valid and binding obligations of the Borrower and are enforceable in accordance with their terms, subject only to bankruptcy, insolvency, reorganization, moratorium or similar laws, rulings or decisions at the time in effect affecting the enforceability of rights of creditors generally and to general equitable principles which may limit the right to obtain equitable remedies.
Validity of the Loan Documents. (i) If any Lien granted in this Agreement or any other Loan Document in favor of the Administrative Agent shall be determined to be (i) void, voidable or invalid, or is subordinated or not otherwise given the priority contemplated by this Agreement and the Borrower has (or the appropriate Loan Party has) failed to promptly execute appropriate documents to correct such matters, or (ii) unperfected as to any material amount of Collateral (as determined by the Administrative Agent, in its reasonable discretion) and the Borrower has (or the appropriate Loan Party has) failed to promptly execute appropriate documents to correct such matters;
Validity of the Loan Documents. The note and the related mortgage or security documents, if any, are legal, valid and binding obligations of the maker thereof, enforceable in accordance with the respective terms thereof, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, liquidation or other similar laws or equitable principles relating to or affecting the enforcement of creditors' rights generally.
Validity of the Loan Documents. The Borrower acknowledges that (a) the liabilities arising out of the Loan Documents are the valid and binding obligations of the Borrower enforceable in accordance with their terms; (b) the liens, encumbrances, mortgages and security interests granted to the Bank pursuant to the Loan Documents remain valid, binding, perfected and enforceable; and (c) the Bank may enforce the payment and performance of the obligations under the Loan Documents, as modified herein, and in accordance with applicable law, except to the extent the Bank has agreed to limit its rights pursuant to this Agreement. The Bank reserves and does not waive any of its rights under the Loan Documents, the terms and conditions of which remain in full force and effect, except as specifically modified by this Agreement.
Validity of the Loan Documents. The Obligor acknowledges that (a) the ------------------------------ liabilities arising out of the Loan Documents are the valid and binding obligations of the Obligor enforceable in accordance with their terms; (b) the liens, encumbrances, mortgages and security interests granted to the Bank pursuant to the Loan Documents remain valid, binding, perfected and enforceable; and (c) the Bank may enforce the payment and performance of the obligations under the Loan Documents and in accordance with applicable law, except to the extent the Bank has agreed to limit its rights pursuant to this Agreement. The Bank reserves and does not waive any of its rights under the Loan Documents, the terms and conditions of which remain in full force and effect, except as specifically modified by this Agreement.
