Valid and Sample Clauses
Valid and. Binding Obligation. This Agreement constitutes, and each other Credit Document when signed and delivered by it to Bank will constitute, its legal, valid and binding obligation, enforceable against it in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights against it generally, by general equitable principles or by principles of good faith and fair dealing, and assuming that this Agreement and each such other Credit Document have been validly executed and delivered by each party thereto other than the Account Party.
Valid and. Binding obligations the Security Documents constitute (or upon their execution - and in the case of any mortgage upon its registration at the appropriate registry - will constitute) valid and legally binding obligations of the relevant Security Parties enforceable against the Borrowers and the other Security Parties in accordance with their respective terms and that there are no other agreements or arrangements which may adversely affect or conflict with the Security Documents or the security thereby created;
Valid and binding obligations of SPGK and APACHE existing on the Closing Date shall become and remain the valid and binding obligations of SPGK.
Valid and binding obligations of SPGK and SCAC existing on the Closing Date shall become and remain the valid and binding obligations of the surviving corporation.
Valid and. BINDING EFFECT OF EAST WEST TRANSACTION DOCUMENTS; COMPLIANCE WITH OTHER INSTRUMENTS; ABSENCE OF RESTRICTIONS, ETC.
(a) The East West Transaction Documents have been duly authorized by the Borrower, and, when executed and delivered, will constitute the valid and legally binding obligations of the Borrower enforceable against it in accordance with their terms, except as may be limited by bankruptcy, insolvency, reorganization, moratorium and similar laws affecting creditors' rights generally.
(b) The execution, delivery and performance of and the consummation of the transactions contemplated by the East West Transaction Documents will not violate or constitute a default under (or result in the Borrower being in violation of or in default under), or permit any Person to accelerate or to require the prepayment of any Indebtedness of the Borrower or any of its Subsidiaries or to terminate any material lease or agreement of the Borrower or any of its Subsidiaries pursuant to, or result in the creation of any Lien upon any of the properties or assets of the Borrower or any of its Subsidiaries pursuant to, any term of the Organizational Documents of the Borrower or any of its Subsidiaries or of any agreement, document, instrument, judgment, decree, order, law, statute, rule or regulation applicable to the Borrower or any of its Subsidiaries or any of their respective properties and assets.
(c) Neither the Borrower nor any of its Subsidiaries is a party to or bound by or subject to any Organizational Document, or any agreement, document, instrument, judgment, decree, order, law, statute, rule or regulation (i) which restricts its right or ability to incur Indebtedness (including by way of guarantee), to issue securities or to consummate the transactions contemplated by the East West Transaction Documents; or (ii) under the terms of or pursuant to which it is restricted from performing its obligations under the East West Transaction Documents or any related agreements."
Valid and. Subsisting Leases. The Subject Leases described on Exhibit A are valid and subsisting and are in full force and effect.
Valid and binding Each Contract is valid, binding and enforceable against the parties to it in accordance with its terms. No circumstance or fact exists which might give rise to a risk of credit loss under any Contract.