Common use of Enforceability of Documents Clause in Contracts

Enforceability of Documents. Upon execution by the Borrower Parties, this Agreement and the other Loan Documents shall constitute the legal, valid and binding obligations of the Borrower Parties, respectively, enforceable against the Borrower Parties in accordance with their respective terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, liquidation, reorganization and other laws affecting the rights of creditors generally and general principles of equity.

Appears in 17 contracts

Samples: Loan Agreement (Summit Hotel OP, LP), Loan Agreement (Summit Hotel OP, LP), Loan Agreement (Summit Hotel OP, LP)

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Enforceability of Documents. Upon execution by the Borrower Parties, this Agreement and the other Loan Documents shall constitute the legal, valid and binding obligations of the Borrower Parties, respectively, enforceable against the Borrower Parties in accordance with their respective terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, liquidation, reorganization and other laws affecting the rights of creditors generally and general principles of equity.

Appears in 3 contracts

Samples: Loan Agreement (Eaco Corp), Loan Agreement (Kona Grill Inc), Loan Agreement (Family Steak Houses of Florida Inc)

Enforceability of Documents. Upon execution by This Agreement, the Borrower Parties, this Agreement Notes and each of the other Loan Documents shall to which the Borrower is a party have been duly authorized, executed and delivered and constitute the legal, valid and legally binding obligations obligation of the Borrower Parties, respectivelyBorrower, enforceable against the Borrower Parties in accordance with their respective terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, liquidation, reorganization and other laws affecting the rights of creditors generally and general principles of equity.

Appears in 3 contracts

Samples: Loan Agreement (Herley Industries Inc /New), Loan Agreement (Herley Industries Inc /New), Loan Agreement (Herley Industries Inc /New)

Enforceability of Documents. Upon execution by the Borrower Parties, this Agreement and the other Loan Documents to which Borrower is a party shall constitute the legal, valid and binding obligations of the Borrower Parties, respectively, enforceable against the Borrower Parties in accordance with their respective terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, liquidation, fraudulent conveyance, fraudulent transfer, reorganization and other laws affecting the rights of creditors generally and general principles of equity.

Appears in 2 contracts

Samples: Loan Agreement (Alon USA Energy, Inc.), Loan Agreement (Alon USA Energy, Inc.)

Enforceability of Documents. Upon execution by This Agreement is, and each other Document to which the Borrower Partiesis or will be a party, this Agreement and the other Loan Documents shall constitute the when delivered hereunder, will be, a legal, valid and binding obligations obligation of the Borrower Parties, respectivelyBorrower, enforceable against the Borrower Parties in accordance with their respective terms, its terms except as such to the extent the enforceability thereof may be limited by any applicable bankruptcy, insolvency, liquidationreorganization, reorganization moratorium or similar laws from time to time in effect affecting generally, the enforcement of creditors' rights and other laws affecting the rights of creditors generally remedies and by general principles of equity.

Appears in 1 contract

Samples: Financing Agreement (Starband Communications Inc)

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Enforceability of Documents. Upon execution by the Borrower Debtor Parties, as applicable, this Agreement and the other Loan Documents shall constitute the legal, valid and binding obligations of the Borrower Debtor Parties, respectively, enforceable against the Borrower Debtor Parties in accordance with their respective terms, except as such enforceability enforcement may be limited by applicable bankruptcy, insolvency, liquidationreorganization, reorganization and other laws affecting the rights of creditors generally moratorium, and general principles of equity.

Appears in 1 contract

Samples: Mortgage Loan Agreement (LIVE VENTURES Inc)

Enforceability of Documents. Upon execution by the Borrower PartiesBorrower, this Agreement and the other Loan Documents shall constitute the legal, valid and binding obligations of the Borrower Parties, respectivelyBorrower, enforceable against the Borrower Parties in accordance with their respective terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, liquidation, reorganization and other laws affecting the rights of creditors generally and general principles of equity.

Appears in 1 contract

Samples: Loan Agreement (Alexanders J Corp)

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