Common use of Execution and Binding Effect Clause in Contracts

Execution and Binding Effect. Each of the Loan Documents have been duly and validly executed and delivered by each Loan Party that is a party thereto, and constitutes a legal, valid and binding obligation of such Loan Party, enforceable in accordance with its terms.

Appears in 8 contracts

Sources: Loan Agreement (Matthews International Corp), Loan Agreement (Matthews International Corp), Loan Agreement (Matthews International Corp)

Execution and Binding Effect. Each of the Loan Documents have been duly and validly executed and delivered by each Loan Party that is a party thereto, thereto and constitutes a legal, valid and binding obligation of such Loan PartyParties, enforceable in accordance with its terms.

Appears in 2 contracts

Sources: Loan Agreement (Southern First Bancshares Inc), Loan Agreement (Southern First Bancshares Inc)

Execution and Binding Effect. Each of the The Loan Documents have been duly and validly executed and delivered by each Loan Party that is the parties thereto and, to the extent they are a party thereto, and constitutes a constitute legal, valid and binding obligation obligations of such Loan Partythe Borrower Parties and ▇▇▇▇▇▇▇, enforceable in accordance with its termsthe terms hereof and thereof.

Appears in 2 contracts

Sources: Credit Agreement (Shepherd's Finance, LLC), Credit Agreement (Shepherd's Finance, LLC)

Execution and Binding Effect. Each of the Loan Documents have been duly and validly executed and delivered by each Loan Party that is a party thereto, thereto and constitutes a legal, valid and binding obligation of such Loan PartyParties, enforceable in accordance with its terms, subject to requisite approval of any Official Body.

Appears in 1 contract

Sources: Loan Agreement (Oak Ridge Financial Services, Inc.)