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 the Borrower, enforceable in accordance with its respective terms and does not violate, conflict with, or constitute any default under any law, government regulation, decree, judgment, the Borrower's articles of organization or any other agreement or instrument binding upon the Borrower.

Appears in 2 contracts

Samples: Loan Agreement (Balanced Care Corp), Loan Agreement (Balanced Care Corp)

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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 the Borrower, enforceable in accordance with its respective terms and does not violate, conflict with, or constitute any default under any law, government regulation, decree, judgment, the Borrower's articles of organization organization, operating agreement, or any other agreement or instrument binding upon the Borrower.

Appears in 1 contract

Samples: Loan Agreement (Medcath Inc)

Due Execution and Enforcement. Each of the Loan Documents to -------------------------------- which Borrower is a party constitutes a valid and legally binding obligation of the Borrower, enforceable against Borrower in accordance with its respective terms and does not violate, conflict with, or constitute any default under any law, government regulation, decree, judgment, the Borrower's articles of organization organizational documents (as applicable) or any other agreement or instrument binding upon the any Borrower.

Appears in 1 contract

Samples: Loan Agreement (Worldwide Medical Corp/Ca/)

Due Execution and Enforcement. Each of the Loan Documents to which Borrower is a party constitutes a valid and legally binding obligation of the 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, the Borrower's articles of organization charter and by-laws, or any other agreement or instrument binding upon the Borrower.

Appears in 1 contract

Samples: Loan Agreement (American Retirement Corp)

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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 the Borrower, enforceable in accordance with its respective terms and does not violate, conflict with, or constitute any default under any law, government regulation, decree, judgment, the Borrower's articles of organization ’s operating agreement or any other agreement or instrument binding upon the Borrower.

Appears in 1 contract

Samples: Loan Agreement (Manufactured Housing Properties Inc.)

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