Common use of Legally Binding Instruments Clause in Contracts

Legally Binding Instruments. When this Agreement is executed by the Borrower and the Lender, and when the Note is executed and delivered by the Borrower, each such instrument will constitute the legal, valid, and binding obligation of the company in accordance with its terms. Any security agreements and instruments, financing statements, mortgages and other liens on chattel or real estate will constitute legal, valid and binding liens free and clear of all prior liens and encumbrances except as provided for.

Legally Binding Instruments. When this Agreement is executed by the Borrower and the Lender, and when the Note is executed and delivered by the BorrowerBorrower for value, each such instrument will shall constitute the legal, valid, valid and binding obligation of the company Borrower in accordance with its terms. Any security agreements Security Agreements and instrumentsInstruments, financing statementsFinancing Statements, mortgages Mortgages and other liens on chattel or real estate will shall constitute legal, valid and binding liens free and clear of all prior liens and encumbrances except as provided for.