Common use of Legally Enforceable Clause in Contracts

Legally Enforceable. This Agreement is, and each of the other Loan Documents when duly executed and delivered under this Agreement will be, legal, valid, and binding obligations of each Borrower enforceable against each Borrower in accordance with their respective terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency, and other similar laws affecting creditor's rights generally.

Appears in 1 contract

Sources: Loan Agreement (Quad Systems Corp /De/)

Legally Enforceable. This Agreement is, and each of the other Loan Documents when duly executed and delivered under this Agreement will be, legal, valid, valid and binding obligations of each Borrower Borrower, enforceable against each Borrower in accordance with their respective terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency, and other similar laws affecting creditor's creditors’ rights and remedies generally.

Appears in 1 contract

Sources: Loan Agreement (First Guaranty Bancshares, Inc.)