Common use of Binding and Enforceable Clause in Contracts

Binding and Enforceable. The Loan Documents, when executed, shall constitute valid and binding obligations of the Borrower and Guarantors respectively, the execution of such Loan Documents has been duly authorized by the parties thereto, and are enforceable in accordance with their terms, except as may be limited by bankruptcy, insolvency, moratorium, or similar laws affecting creditors’ rights generally.

Appears in 15 contracts

Samples: Master Loan Agreement (Goldfield Corp), Loan Agreement (Goldfield Corp), Master Loan Agreement (Goldfield Corp)

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Binding and Enforceable. The Loan Documents, when executed, shall constitute valid and binding obligations of the Borrower and Guarantors respectively, the execution of such Loan Documents has been duly authorized by the parties thereto, and are enforceable in accordance with their terms, except as may be limited by bankruptcy, insolvency, moratorium, or similar laws affecting creditors' rights generally.

Appears in 5 contracts

Samples: Loan Agreement (Industrial Services of America Inc /Fl), Master Loan Agreement (Goldfield Corp), Loan Agreement (Industrial Services of America Inc /Fl)

Binding and Enforceable. The Loan Documents, when executed, shall constitute valid and binding obligations of the Borrower and Guarantors respectively, the execution of such Loan Documents has been duly authorized by the parties thereto, Guarantor respectively and are enforceable in accordance with their terms, except as may be limited by bankruptcy, insolvency, moratorium, or similar laws affecting creditors' rights generally.

Appears in 2 contracts

Samples: Loan Agreement (Embrex Inc/Nc), Loan Agreement (Scansource Inc)

Binding and Enforceable. The Loan Documents, when executed, shall constitute valid and binding obligations of the each Borrower and Guarantors Pledgors respectively, the execution of such Loan Documents has been duly authorized by the parties thereto, and are enforceable in accordance with their terms, except as may be limited by bankruptcy, insolvency, moratorium, or similar laws affecting creditors’ rights generally.

Appears in 2 contracts

Samples: Loan Agreement (Command Center, Inc.), Loan Agreement (Command Center, Inc.)

Binding and Enforceable. The Loan Documents, when executed, shall constitute valid and binding obligations of the Borrower Borrowers and Guarantors respectively, the execution of such Loan Documents has been duly authorized by the parties thereto, and are enforceable in accordance with their terms, except as may be limited by bankruptcy, insolvency, moratorium, or similar laws affecting creditors’ rights generally.

Appears in 2 contracts

Samples: Loan Agreement (Synalloy Corp), Loan Agreement (Synalloy Corp)

Binding and Enforceable. The Loan Documents, when executed, shall constitute valid and binding obligations of the Borrower and Guarantors respectivelyBorrowers, the execution of such Loan Documents has been duly authorized by the parties theretoBorrowers, and are enforceable in accordance with their terms, except as may be limited by bankruptcy, insolvency, moratorium, or similar laws affecting creditors’ rights generally.

Appears in 2 contracts

Samples: Loan Agreement (Sand Hills, Inc), Loan Agreement (Sand Hills, Inc)

Binding and Enforceable. The Loan Documents, when executed, shall constitute valid and binding obligations of the Borrower and Guarantors respectivelyBorrower, the execution of such Loan Documents has been duly authorized by the parties theretoBorrower, and are enforceable in accordance with their terms, except as may be limited by bankruptcy, insolvency, moratorium, or similar laws affecting creditors’ rights generally.

Appears in 2 contracts

Samples: Loan Agreement (CNL Income Properties Inc), Loan Agreement (CNL Income Properties Inc)

Binding and Enforceable. The Loan Documents, when executed, shall constitute valid and binding obligations of the Borrower Borrowers and Guarantors respectively, the execution of such Loan Documents has been duly authorized by the parties thereto, and are enforceable in accordance with their terms, except as may be limited by bankruptcy, insolvency, moratorium, or similar laws affecting creditors’ rights generally.

Appears in 2 contracts

Samples: Loan Agreement (Hallwood Group Inc), Loan Agreement (Hallwood Group Inc)

Binding and Enforceable. The Loan Documents, when executed, shall constitute valid and binding obligations of the Borrower and Guarantors respectivelyBorrowers, the execution of such Loan Documents has been duly authorized by the parties thereto, and are enforceable in accordance with their terms, except as may be limited by bankruptcy, insolvency, moratorium, or similar laws affecting creditors' rights generally.

Appears in 2 contracts

Samples: Loan Agreement (Synalloy Corp), Loan Agreement (Synalloy Corp)

Binding and Enforceable. The Loan Documents, when executed, shall constitute valid and binding obligations of the Borrower and Guarantors respectivelyBorrower, the execution of such Loan Documents has been duly authorized by the parties theretoBorrower, and are enforceable in accordance with their terms, except as may be limited by bankruptcy, insolvency, moratorium, or similar laws affecting creditors’ rights generally.

Appears in 2 contracts

Samples: Loan Agreement (Elite Pharmaceuticals Inc /Nv/), Loan Agreement (Elite Pharmaceuticals Inc /Nv/)

Binding and Enforceable. The Loan Documents and the Xxxxxx Acquisition Documents, when executed, shall constitute valid and binding obligations of the Borrower and Guarantors respectivelyBorrowers, the execution of such Loan Documents has been duly authorized by the parties thereto, and are enforceable in accordance with their terms, except as may be limited by bankruptcy, insolvency, moratorium, or similar laws affecting creditors' rights generally.

Appears in 1 contract

Samples: Loan Agreement (Synalloy Corp)

Binding and Enforceable. The Loan Documents, when executed, shall constitute valid and binding obligations of the Borrower and Guarantors respectivelyparties thereto, the execution of such Loan Documents has been duly authorized by the parties thereto, and are enforceable in accordance with their terms, except as may be limited by bankruptcy, insolvency, moratorium, or similar laws affecting creditors' rights generally.

Appears in 1 contract

Samples: Loan Agreement (Broad Street Realty, Inc.)

Binding and Enforceable. The Loan Documents, when executed, shall constitute valid and binding obligations of the each Borrower and Guarantors respectively, the execution of such Loan Documents has been duly authorized by the parties thereto, and are enforceable in accordance with their terms, except as may be limited by bankruptcy, insolvency, moratorium, or similar laws affecting creditors' rights generally. 2.12.

Appears in 1 contract

Samples: Loan Agreement (Uci Medical Affiliates Inc)

Binding and Enforceable. The Loan Documents, when executed, shall constitute valid and binding obligations of the Borrower and Guarantors respectively, the execution of such Loan Documents has been duly authorized by the parties thereto, respectively and are enforceable in accordance with their terms, except as may be limited by bankruptcy, insolvency, moratorium, or similar laws affecting creditors' rights generally.

Appears in 1 contract

Samples: T Loan Agreement (Datametrics Corp)

Binding and Enforceable. The Loan Documents, when executed, shall constitute valid and binding obligations of the Borrower and Guarantors respectively, the execution of such Loan Documents has been duly authorized by the parties theretoBorrower, and are enforceable in accordance with their terms, except as may be limited by bankruptcy, insolvency, moratorium, or similar laws affecting creditors’ rights generally.

Appears in 1 contract

Samples: Loan Agreement (Applied Optoelectronics, Inc.)

Binding and Enforceable. The Loan Documents, when executed, shall constitute valid and binding obligations of the Borrower and Guarantors respectivelyBorrower, the execution of such Loan Documents has been duly authorized by the parties thereto, and are enforceable in accordance with their terms, except as may be limited by bankruptcy, insolvency, moratorium, or similar laws affecting creditors' rights generally.

Appears in 1 contract

Samples: Loan Agreement (Gladstone Capital Corp)

Binding and Enforceable. The Loan Documents, when executed, shall constitute valid and binding obligations of the Borrower and Guarantors Guarantor respectively, the execution of such Loan Documents has been duly authorized by the parties thereto, and are enforceable in accordance with their terms, except as may be limited by bankruptcy, insolvency, moratorium, or similar laws affecting creditors' rights generally.

Appears in 1 contract

Samples: T Loan Agreement (Community Bankshares Inc /Sc/)

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Binding and Enforceable. The Loan Documents, when executed, shall constitute valid and binding obligations of the Borrower Borrowers and Guarantors respectively, the execution of such Loan Documents has been duly authorized by the parties thereto, and are enforceable in accordance with their terms, except as may be limited by bankruptcy, insolvency, moratorium, or similar laws affecting creditors’ creditor's rights generally.. 2.12

Appears in 1 contract

Samples: T Loan Agreement (Uci Medical Affiliates Inc)

Binding and Enforceable. The Loan Documents, when executed, shall constitute valid and binding blind obligations of the Borrower and Guarantors respectively, the execution of such Loan Documents has been duly authorized by the parties thereto, and they are enforceable in accordance with their terms, except as may be limited by bankruptcy, insolvency, moratorium, or similar laws affecting creditors' rights generally.

Appears in 1 contract

Samples: T Loan Agreement (International Absorbents Inc)

Binding and Enforceable. The Loan Documents, when executed, shall constitute valid and binding obligations of the Borrower and Guarantors respectively, the execution of such Loan Documents has been duly authorized by the parties thereto, and are enforceable in accordance with their terms, except as may be limited by bankruptcy, insolvency, moratorium, or similar laws affecting creditors' rights generally. 2.12.

Appears in 1 contract

Samples: T Loan Agreement (Lynch Corp)

Binding and Enforceable. The execution of the Loan Documents by Borrower has been duly authorized. The Loan Documents, when executedexecuted by both parties, shall constitute valid and binding obligations of the Borrower and Guarantors respectivelyBorrower, the execution of such Loan Documents has been duly authorized by the parties thereto, and are enforceable in accordance with their respective terms, except as may be limited by bankruptcy, insolvency, moratorium, or similar laws affecting creditors’ rights generallygenerally or general principles of equity (whether considered in a proceeding in equity or at law).

Appears in 1 contract

Samples: Loan Agreement (Targacept Inc)

Binding and Enforceable. The Loan Documents, when executed, shall constitute valid and binding obligations of the Borrower and Guarantors Guarantor respectively, the execution of such Loan Documents has been duly authorized by the parties thereto, and are enforceable in accordance with their terms, except as may be limited by bankruptcy, insolvency, moratorium, or similar laws affecting creditors’ rights generally.

Appears in 1 contract

Samples: Loan Agreement (RGC Resources Inc)

Binding and Enforceable. The Loan Documents, when executed, shall constitute valid and binding obligations of the Borrower and Guarantors respectively, the execution of such Loan Documents has been duly authorized by the parties thereto, and are enforceable in accordance with their terms, except as may be limited by bankruptcy, insolvency, moratorium, or similar laws affecting creditors' rights generally.

Appears in 1 contract

Samples: Security Agreement (Patriot Transportation Holding, Inc.)

Binding and Enforceable. The Loan Documents, when executed, shall constitute valid and binding obligations of the Borrower and Guarantors respectively, the execution of such Loan Documents has been duly authorized by the parties thereto, and are enforceable in accordance with their termsterns, except as may be limited by bankruptcy, insolvency, moratorium, or similar laws affecting creditors' rights generally.

Appears in 1 contract

Samples: Loan Agreement (Industrial Services of America Inc /Fl)

Binding and Enforceable. The Loan Documents, when executed, shall constitute valid and binding obligations of the Borrower and Guarantors Guarantors, respectively, the execution of such Loan Documents has been duly authorized by the parties thereto, and are enforceable in accordance with their terms, except as may be limited by bankruptcy, insolvency, moratorium, or similar laws affecting creditors’ rights generally.

Appears in 1 contract

Samples: Loan Agreement (Embrex Inc /Nc/)

Binding and Enforceable. The Loan Documents, when executed, shall constitute valid and binding obligations of the Borrower and Guarantors respectively, the execution of such Loan Documents has been duly authorized by the parties thereto, and are arc enforceable in accordance with their terms, except as may be limited by bankruptcy, insolvency, moratorium, or similar laws affecting creditors’ rights generally.

Appears in 1 contract

Samples: Loan Agreement (Goldfield Corp)

Binding and Enforceable. The Loan Documents, when executed, shall constitute valid and binding obligations of the Borrower and Guarantors respectivelyBorrower, the execution of such Loan Documents has been duly authorized by the parties thereto, and are enforceable in accordance with their terms, except as may be limited by bankruptcy, insolvency, moratorium, or similar laws affecting creditors' rights generallygenerally and by general equitable principles. 2.12.

Appears in 1 contract

Samples: Loan Agreement (Delta Natural Gas Co Inc)

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