Valid Contracts Clause Samples
The 'Valid Contracts' clause defines the requirements that must be met for a contract to be legally enforceable between the parties. Typically, this clause outlines essential elements such as mutual consent, lawful purpose, consideration, and the legal capacity of the parties involved. For example, it may specify that agreements made under duress or involving illegal activities are not valid. Its core practical function is to ensure that only legitimate and enforceable agreements are recognized, thereby protecting parties from entering into void or unenforceable contracts.
Valid Contracts. Each Contract with respect to each Receivable is effective to create, and has created, a legal, valid and binding obligation of the related Obligor to pay the Outstanding Balance of the Receivable created thereunder and any accrued interest thereon, enforceable against the Obligor in accordance with its terms, except as such enforcement may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws relating to or limiting creditors’ rights generally and by general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law).
Valid Contracts. Such Lease is a legal, valid and binding full recourse payment obligation of the related Lessee enforceable in accordance with its terms (except as may be limited by applicable insolvency, bankruptcy, moratorium, reorganization, or other similar laws affecting enforceability of creditors’ rights generally and the availability of equitable remedies) and is in full force and effect and has not been satisfied, subordinated or rescinded;
Valid Contracts. Such Finance Lease is a legal, valid and binding full recourse payment obligation of the related Lessee enforceable in accordance with its terms (except as may be limited by applicable insolvency, bankruptcy, moratorium, reorganization, or other similar laws affecting enforceability of creditors' rights generally and the availability of equitable remedies) and is in full force and effect and such Finance Lease has not been satisfied, subordinated or rescinded;
Valid Contracts. Professional Staff will not be allowed to start any skating sessions or participate in any Club function as an Instructor/ Coach or other Professional Staff without a signed, valid, and up to date contract with NFSC. All contracts must be reviewed and approved by the Board before receiving the signatures of the President and Secretary of NFSC. Should it become necessary for a Pro to have any additions/deletions or corrections made to their contract, the instructor must contact the President of NFSC and present their concerns, or changes they feel are necessary. The President of NFSC will have the option of authorizing the change or bringing it to the Board for approval. The President will then have to notify the Board of any authorized changes. If the change is brought to the Board, The Professional will be required to attend the next Board meeting to present their concerns. Pro Initials: Any Professional Staff Contract that is unsigned 60 days prior to the start of a scheduled skating session may risk not being scheduled as an instructor for that session.
Valid Contracts. 13 SECTION 5.21 Perfection Representation................................................................. 13
Valid Contracts. The Key Contracts are all valid, legally binding and enforceable by or against the Seller under their respective terms.