Common use of Binding Obligations Clause in Contracts

Binding Obligations. the Underlying Documents and the Security Documents, when executed, will constitute valid and legally binding obligations of the relevant Security Parties enforceable in accordance with their respective terms;

Appears in 44 contracts

Samples: Facility Agreement (Euroseas Ltd.), Loan Agreement (Pyxis Tankers Inc.), Facility Agreement (Navios Maritime Partners L.P.)

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Binding Obligations. the Underlying Documents and the Security DocumentsDocuments constitute or will, when executed, will constitute valid and legally binding obligations of the relevant Security Parties enforceable in accordance with their respective terms;

Appears in 43 contracts

Samples: Tenth Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Tenth Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Corporations and Companies (Aegean Marine Petroleum Network Inc.)

Binding Obligations. the Underlying Documents and the Security DocumentsDocuments constitute or will, when executed, will constitute valid and legally binding obligations of the relevant Security Parties enforceable in accordance with their respective terms;

Appears in 18 contracts

Samples: Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Facility Agreement (Aegean Marine Petroleum Network Inc.), Agreement (Aegean Marine Petroleum Network Inc.)

Binding Obligations. the Underlying The Security Documents when duly executed and the Security Documents, when executed, delivered will constitute the legal, valid and legally binding obligations of the relevant Security Parties enforceable in accordance with their respective terms;terms subject to applicable laws regarding creditors' rights in general.

Appears in 11 contracts

Samples: Loan Facility Agreement, Loan Facility Agreement (Teekay Shipping Corp), Loan Facility Agreement (Gulfmark Offshore Inc)

Binding Obligations. the Security Documents and the Underlying Documents and the Security Documentsconstitute or will, when executed, will constitute valid and legally binding obligations of the relevant Security Parties enforceable in accordance with their respective terms;

Appears in 9 contracts

Samples: Supplemental Agreement, Supplemental Agreement (Top Ships Inc.), Agreement (NewLead Holdings Ltd.)

Binding Obligations. the Underlying Documents and the Security Documents, when executed, will constitute valid and legally binding obligations of the relevant Security Parties enforceable in accordance with their respective termsterms and admissible in evidence and the Security Documents (other than the Corporate Guarantee) will create first priority Encumbrances;

Appears in 9 contracts

Samples: Facility Agreement (Pyxis Tankers Inc.), Loan Agreement (Navios Maritime Holdings Inc.), EuroDry Ltd.

Binding Obligations. the Underlying The Security Documents when duly executed and the Security Documents, when executed, delivered will constitute the legal, valid and legally binding obligations of the relevant Security Parties enforceable in accordance with their respective terms;terms subject to applicable laws regarding creditors’ rights in general.

Appears in 8 contracts

Samples: www.lw.com, Stolt Comex (Stolt Offshore S A), Loan Facility Agreement (Teekay Shipping Corp)

Binding Obligations. the Underlying The Security Documents when duly executed and the Security Documents, when executed, delivered will constitute the legal, valid and legally binding obligations of the relevant Security Parties enforceable in accordance with their respective terms;.

Appears in 5 contracts

Samples: Loan Agreement (Mc Shipping Inc), Loan Agreement (Mc Shipping Inc), Loan Agreement (Excel Maritime Carriers LTD)

Binding Obligations. the Underlying Security Documents and the Security DocumentsManagement Agreements constitute or will, when executed, will constitute valid and legally binding obligations of the relevant Security Parties enforceable in accordance with their respective terms;

Appears in 3 contracts

Samples: Facility Agreement (Aegean Marine Petroleum Network Inc.), Second Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Facility Agreement (Aegean Marine Petroleum Network Inc.)

Binding Obligations. the Underlying Documents and the Security Documents, when executed, will constitute valid and legally binding obligations of the relevant Security Parties enforceable in accordance with their respective termsterms and admissible in evidence and the Security Documents (other than the Corporate Guarantees) will create first priority Encumbrances;

Appears in 3 contracts

Samples: Agreement, Agreement (Navios Maritime Partners L.P.), Agreement (Navios Maritime Partners L.P.)

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Binding Obligations. the Underlying Documents and the Security Documents, when executed, will constitute valid and legally binding obligations with full force and effect of the relevant Security Parties enforceable in accordance with their respective termsterms and admissible in evidence and the Security Documents will create first priority Encumbrances;

Appears in 2 contracts

Samples: Loan Agreement (StealthGas Inc.), Loan Agreement (StealthGas Inc.)

Binding Obligations. the Underlying Documents and the Security DocumentsDocuments constitute or will, when executed, will constitute valid and legally binding obligations of the relevant relevant. Security Parties enforceable in accordance with their respective terms;

Appears in 2 contracts

Samples: Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Supplemental Agreement (Aegean Marine Petroleum Network Inc.)

Binding Obligations. the Underlying Transaction Documents and the Security DocumentsDocuments to which they are respectively a party constitute or will, when executed, will constitute valid and legally binding obligations of the relevant Security Parties enforceable in accordance with their respective terms;

Appears in 1 contract

Samples: Agreement (DryShips Inc.)

Binding Obligations. the Underlying Documents and the Security Documents, when executed, will constitute valid and legally binding obligations of the relevant Security Parties enforceable in accordance with their respective termsterms and the Mortgages, the Deed of Covenant, the General Assignments, the Charter Assignments, the Shares Pledges and the Account Security will create first priority Encumbrances;

Appears in 1 contract

Samples: Agreement (Navios Maritime Acquisition CORP)

Binding Obligations. the Underlying Documents and the Security Documents, when executed, will constitute valid and legally binding obligations of the relevant Security Parties enforceable in accordance with their respective termsterms and admissible in evidence and the Security Documents (other than the Corporate Guarantee) will create first priority Encumbrances;

Appears in 1 contract

Samples: Agreement (Navios Maritime Holdings Inc.)

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