Common use of Valid Obligations Clause in Contracts

Valid Obligations. This Agreement, the Note, the Security Documents, and the other Loan Documents and all of their respective terms and provisions are the legal, valid and binding obligations of the Borrower, enforceable in accordance with their respective terms except as limited by bankruptcy, insolvency, reorganization, moratorium or other laws affecting the enforcement of creditors’ rights generally, and except as the remedy of specific performance or of injunctive relief is subject to the discretion of the court before which any proceeding therefor may be brought.

Appears in 3 contracts

Samples: Credit Agreement (Cybex International Inc), Credit Agreement (Cybex International Inc), Credit Agreement (Cybex International Inc)

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Valid Obligations. This Agreement, the Note, the Security Documents, Agreement and the other Loan Documents Note and all of their respective terms and provisions are the legal, valid and binding obligations of the Borrower, enforceable in accordance with their respective terms except as limited by bankruptcy, insolvency, reorganization, moratorium or other laws affecting the enforcement of creditors' rights generally, and except as the remedy of specific performance or of injunctive relief is subject to the discretion of the court before which any proceeding therefor may be brought.

Appears in 2 contracts

Samples: Credit Agreement (Financial Institutions Inc), Revolving Credit Agreement (First Empire State Corp)

Valid Obligations. This Agreement, the Note, the Security Documents, Note and the other Loan ----------------- Documents and all of their respective terms and provisions are the legal, valid and binding obligations of the BorrowerCompany and its Subsidiaries, enforceable in accordance with their respective terms except as limited by bankruptcy, insolvency, reorganization, moratorium or other laws affecting the enforcement of creditors' rights generally, and except as the remedy of specific performance or of injunctive relief is subject to the discretion of the court before which any proceeding therefor may be brought.

Appears in 2 contracts

Samples: Security Agreement (Tier Technologies Inc), Revolving Credit Agreement (Tier Technologies Inc)

Valid Obligations. This Agreement, the Note, the Security Documents, and the other Loan Documents Agreement and all of their respective its terms and ----------------- provisions are the legal, valid and binding obligations of the Borrower, enforceable in accordance with their respective its terms except as limited by bankruptcy, insolvency, reorganization, moratorium or other laws affecting the enforcement of creditors' rights generally, and except as the remedy of specific performance or of injunctive relief is subject to the discretion of the court before which any proceeding therefor may be brought.

Appears in 1 contract

Samples: Revolving Credit Agreement (Ameriquest Technologies Inc)

Valid Obligations. This Agreement, the Note, Agreement and the Security Documents, and the other Loan Documents and all of their respective terms and provisions are the legal, constitute valid and binding obligations of the Borrower, Borrower enforceable against it in accordance with their respective terms except as terms, provided that the enforceability thereof may be limited by by: bankruptcy, insolvency, liquidation, reorganization, moratorium reconstruction or other laws affecting the enforcement of creditors' rights generally; and general principles of equity (regardless of whether enforcement is considered to be proceedings at law or in equity) and no representation is given as to any specific remedy that may be granted, and except as the remedy of specific performance imposed or of injunctive relief is subject to rendered only in the discretion of the a court before which any proceeding therefor may be brought.of

Appears in 1 contract

Samples: Loan Agreement (Pure Play Media Holdings, Inc.)

Valid Obligations. This Agreement, the Note, the Security Documents, Agreement and the other Loan Documents each Note and all of their respective terms and provisions are the legal, valid and binding obligations of the Borrower, enforceable in accordance with their respective terms except as limited by bankruptcy, insolvency, reorganization, moratorium or other laws affecting the enforcement of creditors' rights generally, and except as the remedy of specific performance or of injunctive relief is subject to the discretion of the court before which any proceeding therefor may be brought.

Appears in 1 contract

Samples: Agreement (Ust Inc)

Valid Obligations. This Agreement, the Note, Note and the Security DocumentsAgreement, and the other Loan Documents and all of their respective terms and provisions are constitute, the legal, valid and binding obligations of the Borrower, Borrower enforceable in accordance with their respective terms except as limited by bankruptcy, insolvency, reorganization, moratorium or other laws affecting the enforcement of creditors’ rights generally, and except as the remedy of specific performance or of injunctive relief is subject to the discretion of the court before which any proceeding therefor may be broughtterms.

Appears in 1 contract

Samples: Credit Agreement (Biosphere Medical Inc)

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Valid Obligations. This Agreement, the Term Note, the Security Documents, and the other Loan Documents Pledge Agreements and all of their respective terms and provisions are the legal, valid and binding obligations of the Borrower, enforceable in accordance with their respective terms except as limited by bankruptcy, insolvency, reorganization, moratorium or other laws affecting the enforcement of creditors' rights generally, and except as the remedy of specific performance or of injunctive relief is subject to the discretion of the court before which any proceeding therefor may be brought.

Appears in 1 contract

Samples: Credit Agreement (Financial Institutions Inc)

Valid Obligations. This Agreement, the Note, the Security Documents, Agreement and the other Loan Documents and all of their respective terms and provisions are the legal, valid and binding obligations of the BorrowerCompany and its Subsidiaries, enforceable in accordance with their respective terms terms, except as limited by bankruptcy, insolvency, reorganization, moratorium or other laws affecting the enforcement of creditors' rights generally, and except as the remedy of specific performance performance, injunctive relief, or of injunctive other equitable relief is subject to the discretion of the court before which any proceeding therefor may be brought.

Appears in 1 contract

Samples: Line Agreement (Watson General Corp)

Valid Obligations. This Agreement, the Amended and Restated Note, the Security DocumentsAgreement, and the other Loan Documents and all of their respective terms and provisions are the legal, valid and binding obligations of the Borrower, enforceable in accordance with their respective terms except as limited by bankruptcy, insolvency, reorganization, moratorium or other laws affecting the enforcement of creditors’ rights generally, and except as the remedy of specific performance or of injunctive relief is subject to the discretion of the court before which any proceeding therefor may be brought.

Appears in 1 contract

Samples: Credit Agreement (Cybex International Inc)

Valid Obligations. This Agreement, the Note, the Security Documents, and the other Loan Documents and all of their respective terms and provisions are the legal, valid and binding obligations of the Borrower, enforceable in accordance with their respective terms except as limited by bankruptcy, insolvency, reorganization, moratorium or other laws affecting the enforcement of creditors' rights generally, and except as the remedy of specific performance or of injunctive relief is subject to the discretion of the court before which any proceeding therefor may be brought.

Appears in 1 contract

Samples: Credit Agreement (Moore Handley Inc /De/)

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