Common use of Execution and Binding Obligation Clause in Contracts

Execution and Binding Obligation. This Agreement and the other Loan Documents have been duly executed and delivered by the Borrower and constitute legal, valid and binding obligations of the Borrower enforceable against it in accordance with its terms, subject only to any limitation under applicable laws relating to (i) bankruptcy, insolvency, arrangement or creditors’ rights generally, and (ii) the discretion that a court may exercise in the granting of equitable remedies;

Appears in 6 contracts

Samples: Loan Agreement (Gilla Inc.), Loan Termination Agreement (Gilla Inc.), Loan Agreement (Gilla Inc.)

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Execution and Binding Obligation. This Agreement and the other Loan Documents have been duly executed and delivered by the Borrower and each of its Subsidiaries that is a party thereto and constitute legal, valid and binding obligations of the Borrower and such Subsidiaries enforceable against it such Persons in accordance with its their respective terms, subject only to any limitation under applicable laws relating to (i) bankruptcy, insolvency, arrangement or creditors’ rights generally, the exceptions and (ii) the discretion that a court may exercise qualifications set forth in the granting opinion, if any, of equitable remediescounsel for the Borrower delivered to the Representative Lender in connection with the closing of the transactions contemplated under this Agreement;

Appears in 2 contracts

Samples: Loan Agreement (Dassault Systemes Sa), Loan Agreement (Dassault Systemes Sa)

Execution and Binding Obligation. This Credit Agreement and the other Loan Documents (other than as provided in Section 5.2) have been duly executed and delivered by the Borrower and constitute legal, valid and binding obligations of the Borrower Borrower, enforceable against it in accordance with its their respective terms, subject only to any limitation under applicable laws Applicable Law relating to (i) bankruptcy, insolvency, arrangement reorganization, moratorium or creditors’ rights generally, ; and (ii) the discretion that a court may exercise in the granting of equitable remedies;.

Appears in 1 contract

Samples: Credit Agreement (Algoma Steel Group Inc.)

Execution and Binding Obligation. This Agreement and the other Loan Documents have been duly executed and delivered by the Borrower and each of its Subsidiaries that is a party thereto and constitute legal, valid and binding obligations of the Borrower and such Subsidiaries enforceable against it such Persons in accordance with its their respective terms, subject only to any limitation under applicable laws relating to (i) bankruptcy, insolvency, arrangement or creditors’ rights generally, the exceptions and (ii) the discretion that a court may exercise qualifications set forth in the granting opinion, if any, of equitable remediescounsel for the Borrower delivered to the Lender in connection with the closing of the transactions contemplated under this Agreement;

Appears in 1 contract

Samples: Loan Agreement (Avatech Solutions Inc)

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Execution and Binding Obligation. This Agreement and the other Loan Documents have been duly executed and delivered by each of the Borrower Obligors which is a party thereto and constitute legal, valid and binding obligations of each of the Borrower Obligors which is a party thereto, enforceable against it in accordance with its their respective terms, subject only to any limitation under applicable laws Applicable Laws relating to (i) bankruptcy, insolvency, arrangement reorganization, moratorium or creditors' rights generally, and (ii) the discretion that a court may exercise in the granting of equitable remedies;

Appears in 1 contract

Samples: Note Purchase Agreement

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