Common use of Binding Agreements Clause in Contracts

Binding Agreements. This Agreement and the other Financing Documents executed and delivered by the Borrowers have been properly executed and delivered and constitute the valid and legally binding obligations of the Borrowers and are fully enforceable against each of the Borrowers in accordance with their respective terms, subject to bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting the rights and remedies of creditors and secured parties, and general principles of equity regardless of whether applied in a proceeding in equity or at law.

Appears in 14 contracts

Sources: Financing and Security Agreement (Rand Worldwide Inc), Business Loan and Security Agreement (Vse Corp), Financing and Security Agreement (Tvi Corp)

Binding Agreements. This Agreement and the other Financing Documents executed and delivered by the Borrowers Borrower have been properly executed and delivered and constitute the valid and legally binding obligations of the Borrowers Borrower and are fully enforceable against each of the Borrowers Borrower in accordance with their respective terms, subject to bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting the rights and remedies of creditors and secured parties, and general principles of equity regardless of whether applied in a proceeding in equity or at law.

Appears in 10 contracts

Sources: Financing and Security Agreement (Healthextras Inc), Financing and Security Agreement (Healthextras Inc), Financing and Security Agreement (Pec Solutions Inc)

Binding Agreements. This Agreement and the other Financing Documents executed and delivered by the Borrowers Borrower have been properly executed and delivered and constitute the valid and legally binding obligations of the Borrowers Borrower and are fully enforceable against each of the Borrowers Borrower in accordance with their respective terms, subject to bankruptcy, insolvency, reorganization, moratorium and other laws of general application applications affecting the rights and remedies of creditors and secured parties, and general principles of equity regardless of whether applied in a proceeding in equity or at law.

Appears in 6 contracts

Sources: Financing and Security Agreement (ARGON ST, Inc.), Financing and Security Agreement (Sensytech Inc), Financing and Security Agreement (Weston Roy F Inc)

Binding Agreements. This Agreement and the other Financing Documents executed and delivered by the Borrowers have been properly executed and delivered and constitute the valid and legally binding obligations of the Borrowers and are fully enforceable against each of the Borrowers in accordance with their respective terms, subject to bankruptcy, insolvency, reorganization, moratorium and other laws of general application applications affecting the rights and remedies of creditors and secured parties, and general principles of equity regardless of whether applied in a proceeding in equity or at law.

Appears in 5 contracts

Sources: Financing and Security Agreement (Walbro Corp), Financing and Security Agreement (Kimberton Enterprises Inc), Financing and Security Agreement (Walbro Corp)

Binding Agreements. This Agreement and each of the other Financing Documents executed and delivered by the Borrowers have been properly executed and delivered and by the Borrowers, constitute the valid and legally binding obligations of the Borrowers Borrowers, and are fully enforceable against each of the Borrowers in accordance with their respective terms, subject to bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting the rights and remedies of creditors and secured parties, and general principles of equity regardless of whether applied in a proceeding in equity or at law.

Appears in 5 contracts

Sources: Financing and Security Agreement (Sunrise Assisted Living Inc), Financing and Security Agreement (Arguss Holdings Inc), Financing and Security Agreement (Sunrise Assisted Living Inc)

Binding Agreements. This Agreement and each of the other Financing Documents executed and delivered by the Borrowers Borrower have been properly executed and delivered and by the Borrower, constitute the valid and legally binding obligations of the Borrowers Borrower, and are fully enforceable against each of the Borrowers Borrower in accordance with their respective terms, subject to bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting the rights and remedies of creditors and secured parties, and general principles of equity regardless of whether applied in a proceeding in equity or at law.

Appears in 4 contracts

Sources: Financing and Security Agreement (Alternative Living Services Inc), Financing and Security Agreement (Sunrise Assisted Living Inc), Financing and Security Agreement (National Techteam Inc /De/)

Binding Agreements. This Agreement and the other Financing Documents executed and delivered by the Borrowers have been properly executed and delivered and constitute the valid and legally binding obligations of the Borrowers and are fully enforceable against each of the Borrowers in accordance with their respective terms, subject to bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting the rights and remedies of creditors and secured parties, and general principles of equity regardless of whether applied in a proceeding in equity or at law.

Appears in 4 contracts

Sources: Financing and Security Agreement (Gp Strategies Corp), Financing and Security Agreement (Gp Strategies Corp), Financing and Security Agreement (Gp Strategies Corp)

Binding Agreements. This Agreement and the other Financing Documents executed and delivered by the Borrowers Borrower have been properly executed and delivered and constitute the valid and legally binding obligations of the Borrowers Borrower and are fully enforceable against each of the Borrowers Borrower in accordance with their respective terms, subject to bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting the rights and remedies of creditors and secured parties, and general principles of equity regardless of whether applied in a proceeding in equity or at law.

Appears in 2 contracts

Sources: Financing and Security Agreement (Liquidity Services Inc), Financing and Security Agreement (Gp Strategies Corp)

Binding Agreements. This Agreement and each of the other Financing Documents executed and delivered by the Borrowers Borrower have been properly executed and delivered and by Borrower, constitute the valid and legally binding obligations of the Borrowers Borrower, and are fully enforceable against each of the Borrowers Borrower in accordance with their respective terms, subject to bankruptcy, insolvency, reorganization, moratorium and other laws of general application applications affecting the rights and remedies of creditors and secured parties, and general principles of equity regardless of whether applied in a proceeding in equity or at law.

Appears in 2 contracts

Sources: Loan and Security Agreement (Sunrise Senior Living Inc), Loan and Security Agreement (Sunrise Senior Living Inc)

Binding Agreements. This Agreement and the other Financing Documents executed and delivered by the Borrowers Company have been properly executed and delivered and constitute the valid and legally binding obligations of the Borrowers Company and are fully enforceable against each of the Borrowers Company in accordance with their respective terms, subject to bankruptcy, insolvency, reorganization, moratorium and other laws Iaws of general application affecting the rights and remedies of creditors and secured parties, and general principles of equity regardless of whether applied in a proceeding in equity or at law.

Appears in 1 contract

Sources: Cancellation and Warrant Exchange Agreement (Gse Systems Inc)

Binding Agreements. This Agreement and each of the other Financing Documents executed and delivered by the Borrowers have been properly executed and delivered and by the Borrowers, constitute the valid and legally binding obligations of the Borrowers and are fully enforceable against each of the Borrowers in accordance with their respective terms, subject to bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting the rights and remedies of creditors and secured parties, and general principles of equity regardless of whether applied in a proceeding in equity or at law.

Appears in 1 contract

Sources: Financing and Security Agreement (Sunrise Assisted Living Inc)

Binding Agreements. This Agreement and the other Financing Documents executed and delivered by the Borrowers Borrower have been properly executed and delivered and constitute the valid and legally binding obligations of the Borrowers Borrower and are fully enforceable against each of the Borrowers Borrower in accordance with their respective terms, subject to bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting the rights and remedies of creditors and secured parties, and general principles of equity regardless of whether applied in a proceeding in equity or at law.

Appears in 1 contract

Sources: Financing and Security Agreement (Clean Towel Service Inc)

Binding Agreements. This Agreement and each of the other Financing Documents and Merger Documents executed and delivered by the Borrowers Borrower have been properly executed and delivered and constitute the valid and legally binding obligations of the Borrowers Borrower and are fully enforceable against each of the Borrowers Borrower in accordance with their respective terms, subject to bankruptcy, insolvency, reorganization, moratorium and other laws of general application applications affecting the rights and remedies of creditors and secured parties, and general principles of equity regardless of whether applied in a proceeding in equity or at law.

Appears in 1 contract

Sources: Financing and Security Agreement (Reunion Industries Inc)

Binding Agreements. This Agreement and the other Financing Documents executed and delivered by any or all of the Borrowers have been properly executed and delivered and constitute the valid and legally binding obligations of the such Borrowers and are fully enforceable against each of the such Borrowers in accordance with their respective terms, terms (subject to limitations as to enforceability which might result from bankruptcy, insolvency, reorganization, moratorium arrangement, insolvency or other similar laws affecting creditor's rights generally and other laws of general application affecting the rights and remedies of creditors and secured parties, and general subject to limitations as to principles of equity regardless of whether applied in a proceeding in equity or at lawequity).

Appears in 1 contract

Sources: Financing Agreement (C&d Technologies Inc)

Binding Agreements. This Agreement and the other Financing Documents executed and delivered by the Borrowers Borrower have been properly executed and delivered and constitute the valid and legally binding obligations of the Borrowers Borrower and are fully enforceable against each of the Borrowers Borrower in accordance with their respective terms, subject to bankruptcy, ,insolvency, reorganization, moratorium and other laws of general application applications affecting the rights and remedies of creditors and secured parties, and general principles of equity regardless of whether applied in a proceeding in equity or at law.

Appears in 1 contract

Sources: Financing and Security Agreement (Chatwins Group Inc)

Binding Agreements. This Agreement and the other Financing Documents executed and delivered by the Borrowers Borrower have been properly executed and delivered and constitute the valid and legally binding obligations of the Borrowers Borrower and are fully enforceable against each of the Borrowers Borrower in accordance with their respective terms, subject to bankruptcy, insolvency, reorganization, moratorium and other laws of general application applications affecting the rights and remedies of creditors and secured parties, and general principles of equity regardless of whether applied in a proceeding in i equity or at law.

Appears in 1 contract

Sources: Financing and Security Agreement (Sensys Technologies Inc)

Binding Agreements. This Agreement and the other Financing Documents executed and delivered by any of the Borrowers have been properly executed and delivered and constitute the valid and legally binding obligations of the Borrowers such Borrower and are fully enforceable against each of the Borrowers such Borrower in accordance with their respective terms, subject to bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting the rights and remedies of creditors and secured parties, and general principles of equity regardless of whether applied in a proceeding in equity or at law.

Appears in 1 contract

Sources: Financing and Security Agreement (Paradise Color Inc)

Binding Agreements. This Agreement and the other Financing Documents executed and delivered by the Borrowers Borrower have been properly executed and delivered and constitute the valid and legally binding obligations of the Borrowers Borrower and are fully enforceable against each of the Borrowers Borrower in accordance with their respective terms, subject to bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting the rights and remedies of creditors and secured parties, and general principles of equity regardless of whether applied in a proceeding in equity or at law.

Appears in 1 contract

Sources: Financing Agreement (MCG Capital Corp)

Binding Agreements. This Agreement and the other Financing Documents executed and delivered by the Borrowers have been properly executed and delivered and constitute the valid and legally binding obligations of the Borrowers and are fully enforceable against each of the Borrowers in accordance with their respective terms, subject to bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting the rights and remedies of creditors and secured parties, and general principles of equity regardless of whether applied in a proceeding in equity or at law.

Appears in 1 contract

Sources: Financing and Security Agreement (Gp Strategies Corp)