Common use of Obligations are Enforceable Clause in Contracts

Obligations are Enforceable. Each Obligor has duly authorized by all necessary action on its part each of the Financing Documents to which it is a party. Each such Financing Document has been executed and delivered by one or more duly authorized officers of each Obligor which is or purports to be a party thereto, and constitutes a legal, valid and binding obligation of each such Obligor enforceable in accordance with its terms, except that:

Appears in 2 contracts

Samples: Securities Purchase Agreement (Questron Technology Inc), Securities Purchase Agreement (Questron Technology Inc)

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Obligations are Enforceable. Each Obligor has duly authorized by all necessary action on its part each of the Financing Documents to which it is a party. Each such of the Financing Document Documents has been executed and delivered by one or more duly authorized officers of each Obligor which is or purports to be a party thereto, and . Each Transaction Document constitutes a legal, valid and binding obligation of each such Obligor Obligor, enforceable in accordance with its terms, except that:

Appears in 1 contract

Samples: Securities Purchase Agreement (Fresh America Corp)

Obligations are Enforceable. Each Obligor of the Financing Documents has been duly authorized by all necessary action on its the part of each of the Financing Documents to which it is a party. Each such Financing Document Obligor party thereto, has been executed and delivered by one or more duly authorized officers of each Obligor which is or purports to be a party thereto, thereto and constitutes a legal, valid and binding obligation of each such Obligor party thereto, enforceable in accordance with its terms, except thatthat the enforceability of the Financing Documents may be:

Appears in 1 contract

Samples: Note Purchase Agreement (Smithfield Foods Inc)

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Obligations are Enforceable. Each Obligor has duly authorized by all necessary action on its part each of the Financing Documents to which it is a party. Each such of the Financing Document Documents has been executed and delivered by one or more duly authorized officers of each Obligor which is or purports to be a party thereto, thereto and constitutes a legal, valid and binding obligation of each such Obligor Obligor, enforceable in accordance with its terms, except that:

Appears in 1 contract

Samples: Securities Purchase Agreement (Fresh America Corp)

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