Common use of Due Execution and Enforcement Clause in Contracts

Due Execution and Enforcement. Each of the Loan Documents to which Borrower is a party constitutes a valid and legally binding obligation of Borrower, enforceable in accordance with its respective terms (except as such enforcement may be limited by bankruptcy, insolvency, reorganization, receivership, moratorium, or other laws relating to the rights of creditors generally and by general principles of equity) and does not violate, conflict with, or constitute any default under any law, government regulation, decree, judgment, Borrower’s articles of organization, partnership agreement or operating agreement, as applicable, or any other agreement or instrument binding upon Borrower.

Appears in 5 contracts

Samples: Loan Agreement (Emeritus Corp\wa\), Loan Agreement (Emeritus Corp\wa\), Loan Agreement (Emeritus Corp\wa\)

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Due Execution and Enforcement. Each of the Loan Documents to which Borrower is a party constitutes a valid and legally binding obligation of Borrower, enforceable in accordance with its respective terms (except as such enforcement may be limited by bankruptcy, insolvency, reorganization, receivership, moratorium, or other laws relating to the rights of creditors generally and by general principles of equity) and does not violate, conflict with, or constitute any default under violation of any law, government regulation, decree, judgment, Borrower’s 's articles of organizationorganization/ incorporation, partnership or operating agreement or operating agreementby-laws, as applicable, or any other agreement or instrument binding upon Borrower.

Appears in 3 contracts

Samples: Mezzanine Loan Agreement (Capital Senior Living Corp), Loan Agreement (Capital Senior Living Corp), Mezzanine Loan Agreement (Capital Senior Living Corp)

Due Execution and Enforcement. Each of the Loan Documents to which each Borrower is a party constitutes a valid and legally binding obligation of each Borrower, enforceable in accordance with its respective terms (except as such enforcement may be limited by bankruptcy, insolvency, reorganization, receivership, moratorium, or other laws relating to the rights of creditors generally and by general principles of equity) and does not violate, conflict with, or constitute any default under any law, government regulation, decree, judgment, each Borrower’s articles of organization, partnership agreement organization or operating agreement, as applicable, agreement or any other agreement or instrument binding upon each Borrower.

Appears in 2 contracts

Samples: Loan Agreement (Adcare Health Systems Inc), Loan Agreement (Adcare Health Systems Inc)

Due Execution and Enforcement. Each of the Loan Documents to which Borrower is a party constitutes a valid and legally binding obligation of Borrower, enforceable in accordance with its respective terms (except as such enforcement may be limited by bankruptcy, insolvency, reorganization, receivership, moratorium, or other laws relating to the rights of creditors generally and by general principles of equity) and does not violate, conflict with, or constitute any default under any law, government regulation, decree, judgment, Borrower’s 's articles of organization, partnership agreement organization or operating agreement, as applicable, or any other agreement or instrument binding upon Borrower.

Appears in 2 contracts

Samples: Loan Agreement (Advocat Inc), Loan Agreement (Advocat Inc)

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Due Execution and Enforcement. Each of the Loan Documents to which Borrower is a party constitutes a valid and legally binding obligation of Borrower, enforceable in accordance with its respective terms (except as such enforcement may be limited by bankruptcy, insolvency, reorganization, receivership, moratorium, or other laws relating to the rights of creditors generally and by general principles of equity) and does not violate, conflict with, or constitute any default under any law, government regulation, decree, judgment, Borrower’s 's articles of organization, partnership agreement incorporation or operating agreement, as applicable, bylaws or any other agreement or instrument binding upon Borrower.

Appears in 1 contract

Samples: Revolving Loan Agreement (Sunrise Assisted Living Inc)

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