Common use of Valid Debt Clause in Contracts

Valid Debt. The Loan does not constitute a debt of the Borrower in contravention of any constitutional or statutory debt limitation or restriction.

Appears in 2 contracts

Sources: Loan Agreement (Alpha Investment Inc.), Loan Agreement (Alpha Investment Inc.)

Valid Debt. The Loan does not constitute a debt of the Borrower Agency in contravention of any constitutional or statutory debt limitation or restriction.

Appears in 1 contract

Sources: Loan Agreement