Valid binding and enforceable obligations This Bond Agreement and each other Finance Document to which it is a party constitutes (or will constitute, when executed by the respective parties thereto) its legal, valid and binding obligations, enforceable in accordance with their respective terms, and (save as provided for therein) no further registration, filing, payment of tax or fees or other formalities are necessary or desirable to render the said documents enforceable against it.
Valid. Claim shall mean a claim in any (a) unexpired and issued Patent Right that has not been dedicated to the public, disclaimed, revoked or held invalid by a final unappealable decision or unappealed decision of a court of competent jurisdiction after the period for filing an appeal has expired or (b) pending patent application which patent application has been on file with the application patent office for no more than [ ]* from the earliest date from which the patent application was filed or claims earliest priority.
Valid. Each of O.A.K.'s Leases is valid, effective, and enforceable against the lessor or licensor in accordance with its terms, except as limited by bankruptcy, insolvency, moratorium, reorganization or similar laws affecting the rights of creditors generally and the availability of equitable remedies.
Valid. To the Knowledge of Westaim, the World Wide Acticoat Trade-mark Registrations existing as at the Effective Date are valid and subsisting.
Valid and perfected personal property mortgage(s), subject only to a prior lien under the Bank Loan Documents, in all personal properties including all vehicles, furniture, furnishings, appliances, machinery, equipment, with all replacements, accessories, parts and tools, now owned or hereafter acquired for or at the Premises and which are not covered by the GDB Mortgage (the "CHATTEL MORTGAGE[S]");
Valid. Claim Either (a) a claim of an issued and unexpired patent included within the Patents, which has not been held permanently revoked, unenforceable or invalid by a decision of a court or other governmental agency of competent jurisdiction, unappealable or unappealed within the time allowed for appeal, and which has not been admitted to be invalid or unenforceable through reissue or disclaimer or otherwise or (b) a claim of a pending patent application included within the Patents, which claim was filed in good faith, is being actively prosecuted and has not been abandoned or finally disallowed without the possibility of appeal or refiling of such application.