Common use of Validity of the Loan Documents Clause in Contracts

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.

Appears in 11 contracts

Samples: Credit Agreement (Rdo Equipment Co), Credit Agreement (Rdo Equipment Co), Credit Agreement (Lectec Corp /Mn/)

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