Common use of Valid Obligations Clause in Contracts

Valid Obligations. This Agreement constitutes, and the Credit Notes when delivered hereunder will be, legal, valid and binding obligations of Borrower, enforceable against Borrower in accordance with their respective terms, except as enforcement may be limited by bankruptcy, insolvency, or similar laws affecting the enforcement of creditors' rights generally and by general principles of equity.

Appears in 2 contracts

Samples: Credit Agreement (Golden West Brewing Company, Inc.), Credit Agreement (B2 Health, Inc.)

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Valid Obligations. This Agreement constitutes, and each of the Credit Notes Line Note ----------------- and the Collateral Documents when delivered hereunder will be, a legal, valid and binding obligations obligation of Borrower, enforceable against Borrower in accordance with their its respective terms, except as enforcement may be limited by bankruptcy, insolvency, or similar laws affecting the enforcement of creditors' rights generally and by general principles of equity.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Koala Corp /Co/), Revolving Credit Agreement (Koala Corp /Co/)

Valid Obligations. This Agreement constitutes, and the Credit Notes when delivered hereunder will be, legal, valid and binding obligations of Borrower, enforceable against Borrower in accordance with their respective terms, except as enforcement may be limited by bankruptcy, insolvency, or similar laws affecting the enforcement of creditors' rights generally and by general principles of equity.

Appears in 2 contracts

Samples: Credit Agreement (MAGELLAN GOLD Corp), Credit Agreement (Athena Silver Corp)

Valid Obligations. This Agreement constitutes, and each of the Term Note, the Line of Credit Notes Note and the Collateral Documents when delivered hereunder will be, a legal, valid and binding obligations obligation of Borrower, enforceable against Borrower in accordance with their respective terms, except as enforcement may be limited by bankruptcy, insolvency, or similar laws affecting the enforcement of creditors' rights generally and by general principles of equity.

Appears in 1 contract

Samples: Loan Agreement (Adsero Corp)

Valid Obligations. This Agreement constitutes, and each of the Credit Notes and the Collateral Documents when delivered hereunder will be, a legal, valid and binding obligations obligation of Borrower, enforceable against Borrower in accordance with their its respective terms, except as enforcement may be limited by bankruptcy, insolvency, or similar laws affecting the enforcement of creditors' rights generally and by general principles of equity.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Qualmark Corp)

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Valid Obligations. This Agreement constitutes, and each of the Credit Notes Line Note ----------------- and the Closing Documents when delivered hereunder will be, a legal, valid and binding obligations obligation of Borrower, enforceable against Borrower in accordance with their its respective terms, except as enforcement may be limited by bankruptcy, insolvency, or similar laws affecting the enforcement of creditors' rights generally and by general principles of equity.

Appears in 1 contract

Samples: Revolving Credit Agreement (Koala Corp /Co/)

Valid Obligations. This Agreement constitutes, and the Credit Notes Line Note when delivered hereunder will be, a legal, valid and binding obligations obligation of Borrower, enforceable against Borrower in accordance with their its respective terms, except as enforcement may be limited by bankruptcy, insolvency, or similar laws affecting the enforcement of creditors' rights generally and by general principles of equity.

Appears in 1 contract

Samples: Unsecured Revolving Credit Agreement (Granite Financial Inc)

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