Due Execution and Delivery. Borrower has full power, authority and legal right to incur the obligations provided for in, and to execute and deliver and to perform and observe the terms and provisions of, the Loan Documents to which it is a party, and each of them has been duly executed and delivered by Borrower and has been authorized by all required action, and Borrower has obtained all requisite consents to the transactions contemplated thereby under any instrument to which it is a party, and the Loan Documents constitute the legal, valid and binding obligations of Borrower enforceable against Borrower in accordance with their respective terms, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency or other similar laws affecting creditors' rights generally.
Appears in 9 contracts
Samples: Loan Agreement (Mod Pac Corp), Loan Agreement (Anaren Inc), Loan Agreement (CRM Holdings, Ltd.)
Due Execution and Delivery. Borrower has full power, authority and legal right to incur the obligations provided for in, and to execute and deliver and to perform and observe the terms and provisions of, the Loan Documents to which it is a party, and each of them has been duly executed and delivered by Borrower and has been authorized by all required action, and Borrower has obtained all requisite consents to the transactions contemplated thereby under any instrument to which it is a party, and the Loan Documents constitute the legal, valid and binding obligations of Borrower enforceable against Borrower in accordance with their respective terms, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency or other similar laws affecting creditors' β rights generally.
Appears in 5 contracts
Samples: Credit Loan Agreement (Heartland Payment Systems Inc), Loan Agreement (Pinnacle Data Systems Inc), Loan Agreement (Universal Truckload Services, Inc.)
Due Execution and Delivery. The Borrower has full power, authority and legal right to incur the obligations provided for in, and to execute and deliver and to perform and observe the terms and provisions of, the Loan Credit Documents to which it is a party, and each of them has been duly executed and delivered by Borrower and has been authorized authorized, by all required action, and Borrower has obtained all requisite consents to the transactions contemplated thereby under any instrument to which it is a party, and the Loan Credit Documents constitute the legal, valid and binding obligations of Borrower enforceable against Borrower in accordance with their respective terms, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency or other similar laws affecting creditors' rights generally.
Appears in 2 contracts
Samples: Reimbursement Agreement (Core Molding Technologies Inc), Reimbursement Agreement (Core Materials Corp)
Due Execution and Delivery. Borrower has full corporate power, authority and legal right to incur the obligations provided for in, and to execute and deliver and to perform and observe the terms and provisions of, the Loan Documents to which it is a partyCredit Documents, and each of them has been duly executed and delivered by the Borrower and has been authorized by all required action, and the Borrower has obtained all requisite consents to the transactions contemplated thereby under any instrument to which it is a party, and the Loan Credit Documents constitute the legal, valid and binding obligations of the Borrower enforceable against Borrower in accordance with their respective terms, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency or other similar laws affecting creditors' rights generally.
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