Common use of Validity and Binding Effect Clause in Contracts

Validity and Binding Effect. The Agreement, as amended hereby, is a legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency or other similar laws of general application affecting the enforcement of creditors' rights or by general principles of equity limiting the availability of equitable remedies.

Appears in 26 contracts

Samples: Revolving Loan Agreement (Taylor Capital Group Inc), Business Loan Agreement (Fuel Tech N V), Revolving Loan Agreement (Taylor Capital Group Inc)

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Validity and Binding Effect. The Agreement, as amended hereby, is a legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency or other similar laws of general application affecting the enforcement of creditors' rights or by general principles of equity limiting the availability of equitable remedies.

Appears in 15 contracts

Samples: Credit Agreement (Wintrust Financial Corp), Credit Agreement (Wintrust Financial Corp), Credit Agreement (Wintrust Financial Corp)

Validity and Binding Effect. The Agreement, as amended hereby, This Agreement is a the legal, valid and binding obligation of the such Borrower, enforceable against the Borrower it in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency insolvency, reorganization, receivership, fraudulent conveyance, fraudulent transfer, moratorium or other similar laws of general application affecting the enforcement of creditors' rights or by general principles of equity limiting the availability (regardless of equitable remedieswhether considered in a proceeding in equity or at law).

Appears in 10 contracts

Samples: Credit Agreement (BlackRock Funds II), Credit Agreement (Blackrock Funds), Credit Agreement (Blackrock Pacific Fund, Inc.)

Validity and Binding Effect. The Agreement, as amended hereby, is a legal, valid and binding obligation of the BorrowerCompany, enforceable against the Borrower Company in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency or other similar laws of general application affecting the enforcement of creditors' rights or by general principles of equity limiting the availability of equitable remedies.

Appears in 6 contracts

Samples: Credit Agreement (Andrew Corp), Revolving Credit Agreement (First Oak Brook Bancshares Inc), Credit Agreement (First Oak Brook Bancshares Inc)

Validity and Binding Effect. The Agreement, as amended hereby, This Agreement is a the legal, valid and binding obligation of the such Borrower, enforceable against the Borrower it in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency insolvency, reorganization, receivership, fraudulent conveyance, fraudulent transfer, moratorium or other similar laws of general application affecting the enforcement of creditors' rights or by general principles of equity limiting the availability (regardless of equitable remedieswhether considered in a proceeding in equity or at law).

Appears in 5 contracts

Samples: Credit Agreement (BlackRock Variable Series Funds II, Inc.), Credit Agreement (Master Premier Growth Trust), Credit Agreement (Master Focus Twenty Trust)

Validity and Binding Effect. The Agreement, as amended hereby, is a legal, valid and binding obligation of the BorrowerBorrowers, enforceable against the Borrower Borrowers in accordance with its respective terms, except as enforceability may be limited by bankruptcy, insolvency or other similar laws of general application affecting the enforcement of creditors' rights or by general principles of equity limiting the availability of equitable remedies.

Appears in 4 contracts

Samples: Credit Agreement (Middleby Corp), Middleby Corp, Middleby Corp

Validity and Binding Effect. The Agreement, as amended ---------------------------- hereby, is a legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency or other similar laws of general application affecting the enforcement of creditors' rights or by general principles of equity limiting the availability of equitable remedies.

Appears in 4 contracts

Samples: Loan Agreement (Wintrust Financial Corp), Loan Agreement (Wintrust Financial Corp), Loan Agreement (Wintrust Financial Corp)

Validity and Binding Effect. The Agreement, as amended hereby, is a legal, valid and binding obligation of the BorrowerCompany, enforceable against the Borrower Company in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency or other similar laws of general application affecting the enforcement of creditors' rights or by general principles of equity limiting the availability of equitable remedies.

Appears in 4 contracts

Samples: Revolving Credit Agreement (First Oak Brook Bancshares Inc), Revolving Credit Agreement (First Oak Brook Bancshares Inc), Revolving Credit Agreement (First Oak Brook Bancshares Inc)

Validity and Binding Effect. The Agreement, as amended hereby, Amended Agreement is a legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency or other similar laws of general application affecting the enforcement of creditors' rights or by general principles of equity limiting the availability of equitable remedies.

Appears in 3 contracts

Samples: Life Re Corp, Life Re Corp, Life Re Corp

Validity and Binding Effect. The Agreement, as amended hereby, This Agreement is a the legal, valid and binding obligation of the BorrowerDebtors, enforceable against the Borrower in accordance with its terms, except as enforceability may be limited subject only to limitations imposed by bankruptcy, insolvency insolvency, moratorium or other similar laws affecting the rights of creditors generally or the application of general application affecting the enforcement of creditors' rights or by general principles of equity limiting the availability of equitable remediesprinciples.

Appears in 1 contract

Samples: Security Agreement (Manchester Inc)

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Validity and Binding Effect. The This Agreement, as amended herebythe Note, is a and any Other Agreements, when duly executed and delivered, will be legal, valid and binding obligation obligations of the Borrower, enforceable against the Borrower in accordance with its their respective terms, except as enforceability may be limited by bankruptcy, insolvency or other similar laws of general application affecting the enforcement of creditors' rights or by general principles of equity limiting the availability of equitable remedies.

Appears in 1 contract

Samples: Revolving Loan and Security Agreement (Universal Electronics Inc)

Validity and Binding Effect. The Agreement, as amended ----------------------------- hereby, is a legal, legal valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its terms, except as enforceable against the Borrower in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency or other similar laws of general application affecting the enforcement of creditors' rights or by general principles principals of equity limiting the availability of equitable remedies.

Appears in 1 contract

Samples: Loan Agreement (Wintrust Financial Corp)

Validity and Binding Effect. The Agreement, as amended hereby, --------------------------- is a legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency or other similar laws of general application affecting the enforcement of creditors' rights or by general principles of equity limiting the availability of equitable remedies.

Appears in 1 contract

Samples: Loan Agreement (Wintrust Financial Corp)

Validity and Binding Effect. The Agreement, as amended herebyby this Amendment, is a constitutes the legal, valid and binding obligation obligations of the Borrowersuch Borrower (on behalf of itself and each of its Funds), enforceable against the each Borrower (and each such Fund) in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency insolvency, reorganization, moratorium or other similar laws of general application affecting the enforcement of creditors' rights generally or by general equitable principles of equity limiting the availability of equitable remediesrelating to enforceability.

Appears in 1 contract

Samples: Credit Agreement (Allianz Funds)

Validity and Binding Effect. The Agreement, as amended hereby, This Agreement is a the legal, valid and binding obligation of the such Borrower, enforceable against the Borrower it in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency insolvency, reorganization, receivership, fraudulent conveyance, fraudulent transfer, voidable transfers, moratorium or other similar laws of general application affecting the enforcement of creditors' rights or by general principles of equity limiting the availability (regardless of equitable remedieswhether considered in a proceeding in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (BlackRock Series Fund II, Inc.)

Validity and Binding Effect. The Agreement, as amended hereby, is a and the Note are the legal, valid and binding obligation obligations of the Borrower, enforceable against the Borrower in accordance with its their respective terms, except as enforceability may be limited by bankruptcy, insolvency or other similar laws of general application affecting the enforcement of creditors' rights or by general principles of equity limiting the availability of equitable remedies.

Appears in 1 contract

Samples: Business Loan Agreement (Fuel Tech N V)

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