Common use of Valid Obligations Clause in Contracts

Valid Obligations. The Loan Documents are legal, valid and binding obligations of Borrower and the Guarantors, as applicable, enforceable in accordance with their terms (except as enforcement may be limited by equitable principles and by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to creditors' rights generally).

Appears in 3 contracts

Sources: Loan Agreement (Ascendant Solutions Inc), Loan Agreement (Greenhill & Co Inc), Loan Agreement (Cosi Inc)

Valid Obligations. The Loan Documents are legal, valid and binding obligations of Borrower and the Guarantors, as applicable, enforceable in accordance with their terms (except as enforcement may be limited by equitable principles and by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to creditors' rights generally).

Appears in 2 contracts

Sources: Loan Agreement (Andersen Group Inc.), Loan Agreement (Andersen Group Inc.)

Valid Obligations. The Loan Documents and all of their respective ----------------- terms and provisions are the legal, valid and binding obligations of Borrower and the Guarantors, as applicableBorrower, enforceable in accordance with their respective terms (except as enforcement may be limited by equitable principles and by bankruptcy, insolvency, reorganization, moratorium or similar other laws relating to 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

Sources: Credit Agreement (Viisage Technology Inc), Revolving Credit Agreement (Viisage Technology Inc)

Valid Obligations. The Loan Documents and all of their terms and provisions are the legal, valid and binding obligations of Borrower and the Guarantors, as applicableBorrower, enforceable in accordance with their terms (except as enforcement may be limited by equitable principles and by bankruptcy, insolvency, reorganization, moratorium or similar other laws relating to 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

Sources: Loan Agreement (Sysorex Global Holdings Corp.)

Valid Obligations. The Loan Documents and all of their respective terms and provisions are the legal, valid and binding obligations of Borrower and the Guarantors, as applicableBorrower, enforceable in accordance with their respective terms (except as enforcement may be limited by equitable principles and by bankruptcy, insolvency, reorganization, moratorium or similar other laws relating to 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

Sources: Credit Agreement (Aspen Technology Inc /De/)