Common use of Binding and Enforceable Clause in Contracts

Binding and Enforceable. This Agreement constitutes a legal, valid and binding obligation of the Member enforceable against the Member in accordance with its terms, except as enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws or equitable principles relating to or limiting creditors rights generally, and by the application of equitable remedies in appropriate cases.

Appears in 4 contracts

Sources: Joint Exercise of Powers Agreement, Joint Exercise of Powers Agreement, Joint Exercise of Powers Agreement

Binding and Enforceable. This Agreement constitutes a legal, valid valid, and binding obligation of the Member enforceable against the Member in accordance with its terms, except as enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium moratorium, or similar laws laws, or equitable principles relating to or limiting creditors rights generally, and by the application of equitable remedies in appropriate cases.

Appears in 4 contracts

Sources: Joint Exercise of Powers Agreement, Joint Powers Agreement, Joint Powers Agreement

Binding and Enforceable. This Agreement constitutes a legal, valid and binding obligation agreement of the Member Holder, enforceable against the Member Holder in accordance with its terms, except as enforcement enforceability may be limited by (i) applicable bankruptcy, insolvency, reorganization, moratorium moratorium, fraudulent conveyance or other similar laws or equitable principles relating to or limiting creditors affecting creditors’ rights generally, generally and by the application (ii) general principles of equitable remedies equity (regardless of whether such enforceability is considered in appropriate casesa proceeding in equity or at law).

Appears in 3 contracts

Sources: Senior Secured Notes Repurchase Agreement (Vista Gold Corp), Senior Secured Notes Repurchase Agreement (Vista Gold Corp), Senior Secured Notes Repurchase Agreement (Vista Gold Corp)

Binding and Enforceable. This Agreement constitutes a legal, valid and binding obligation agreement of the Member Company, enforceable against the Member Company in accordance with its terms, except as enforcement enforceability may be limited by (i) applicable bankruptcy, insolvency, reorganization, moratorium moratorium, fraudulent conveyance or other similar laws or equitable principles relating to or limiting creditors affecting creditors’ rights generally, generally and by the application (ii) general principles of equitable remedies equity (regardless of whether such enforceability is considered in appropriate casesa proceeding in equity or at law).

Appears in 3 contracts

Sources: Senior Secured Notes Repurchase Agreement (Vista Gold Corp), Senior Secured Notes Repurchase Agreement (Vista Gold Corp), Senior Secured Notes Repurchase Agreement (Vista Gold Corp)