Common use of Valid and Enforceable Obligations Clause in Contracts

Valid and Enforceable Obligations. This Agreement, the Security and all other instruments contemplated hereunder are, or when executed and delivered to the Lender Group will be, legal, valid and binding obligations of the Borrower, enforceable in accordance with their respective terms.

Appears in 1 contract

Sources: Loan Agreement (International Menu Solutions Corp)

Valid and Enforceable Obligations. This Agreement, the Security and all other instruments contemplated hereunder are, or when executed and delivered to the Lender Group will be, legal, valid and binding obligations of the Borrower, enforceable in accordance with their respective terms.

Appears in 1 contract

Sources: Subordinated Loan Agreement (Striker Industries Inc)