Legally Enforceable Agreements. Each Credit Document constitutes a legal, valid and binding obligation of the Company, enforceable in accordance with its terms, subject to (a) the effect of applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and (b) the application of general principles of equity (regardless of whether considered in a proceeding in equity or at law).
Appears in 24 contracts
Sources: Revolving Credit Agreement (Consumers Energy Co), Term Loan Credit Agreement (Consumers Energy Co), Term Loan Credit Agreement (CMS Energy Corp)
Legally Enforceable Agreements. Each Credit Document constitutes a legal, valid and binding obligation of the Company, enforceable in accordance with its terms, subject to (a) the effect of applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ ' rights generally and (b) the application of general principles of equity (regardless of whether considered in a proceeding in equity or at law).
Appears in 6 contracts
Sources: Credit Agreement (Panhandle Eastern Pipe Line Co), Credit Agreement (CMS Energy Corp), 364 Day Credit Agreement (Consumers Energy Co)
Legally Enforceable Agreements. Each Credit Document has been duly executed and delivered by each party thereto, and each Credit Document when executed and delivered constitutes a legal, valid and binding obligation of the Company, enforceable in accordance with its terms, subject to (a) the effect of applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and (b) the application of general principles of equity (regardless of whether considered in a proceeding in equity or at law).
Appears in 2 contracts
Sources: Revolving Credit Agreement (Consumers Energy Co), Revolving Credit Agreement (Consumers Energy Co)
Legally Enforceable Agreements. Each Credit Transaction Document constitutes is, or when delivered under this Agreement will be, a legal, valid and binding obligation of each of the CompanyCredit Parties executing the same, enforceable against each such Credit Party in accordance with its terms, subject except to (a) the effect of extent that such enforcement may be limited by general equity principles and by applicable bankruptcy, insolvency, reorganization, moratorium or insolvency and other similar laws affecting the enforcement of creditors’ ' rights generally and (b) the application of general principles of equity (regardless of whether considered in a proceeding in equity or at law)generally.
Appears in 1 contract
Sources: Credit Agreement (Interlogix Inc)