Common use of Validity and Binding Effect Clause in Contracts

Validity and Binding Effect. This Amendment, the Loan Agreement and the other Loan Documents are a legal, valid and binding obligation of each Borrower, enforceable against such Borrower in accordance with 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 11 contracts

Sources: Loan and Security Agreement (BG Staffing, Inc.), Loan and Security Agreement (BG Staffing, Inc.), Loan and Security Agreement (LTN Staffing, LLC)

Validity and Binding Effect. This Amendment, the Loan Agreement and the other Loan Documents are a the legal, valid and binding obligation obligations of each Borrower, enforceable against such Borrower in accordance with their respective terms, except as enforceability may be limited subject 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 11 contracts

Sources: Loan Agreement (Accentia Biopharmaceuticals Inc), Loan Agreement (Accentia Biopharmaceuticals Inc), Loan Agreement (Accentia Biopharmaceuticals Inc)

Validity and Binding Effect. This AmendmentThe Loan Agreement, the Loan Agreement and the other Loan Documents are as amended hereby, is a legal, valid and binding obligation of each the Borrower, enforceable against such the Borrower in accordance with their respective 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 10 contracts

Sources: Loan Agreement (Gold Banc Corp Inc), Letter of Credit and Reimbursement Agreement (CFC International Inc), Revolving Loan Agreement (Aar Corp)

Validity and Binding Effect. This AmendmentThe Loan Agreement, the Loan Agreement and the other Loan Documents are as amended hereby, is a legal, valid and binding obligation of each the Borrower, enforceable against such the Borrower in accordance with their respective 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 8 contracts

Sources: Loan Agreement (Metrocorp Inc), Loan Agreement (Hutchinson Technology Inc), Revolving Loan Agreement (Aar Corp)

Validity and Binding Effect. This Amendment, the Loan Agreement and the other Loan Documents are a the legal, valid and binding obligation obligations of each the Borrower, enforceable against such Borrower in accordance with their respective terms, except as enforceability may be limited subject 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 8 contracts

Sources: Loan Agreement (Online Resources & Communications Corp), Loan Agreement (Monsterdaata Com Inc), Loan Agreement (Network Event Theater Inc)

Validity and Binding Effect. This AmendmentThe Loan Agreement, the Loan Agreement and the other Loan Documents are as amended hereby, constitutes a legal, valid and binding obligation of each the Borrower, enforceable against such Borrower it in accordance with their respective 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 or generally and by general equitable principles of (whether enforcement is sought by proceedings in equity limiting the availability of equitable remediesor at law).

Appears in 7 contracts

Sources: Loan Agreement (American Mortgage Acceptance Co), Loan Agreement (American Mortgage Acceptance Co), Loan Agreement (American Mortgage Acceptance Co)

Validity and Binding Effect. This Amendment, the Loan Agreement Amendment and the other Loan Documents are a legal, valid and binding obligation of each the Borrower, enforceable against such the Borrower in accordance with 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 5 contracts

Sources: Loan Agreement (MRS Fields Holding Co Inc), Loan Agreement (MRS Fields Original Cookies Inc), Loan Agreement (MRS Fields Holding Co Inc)

Validity and Binding Effect. This Amendment, the Loan Agreement and the other Loan Documents are a legal, valid and binding obligation of each Borrower, enforceable against such Borrower in accordance with 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 2 contracts

Sources: Loan and Security Agreement, Loan and Security Agreement (Ari Network Services Inc /Wi)

Validity and Binding Effect. This AmendmentThe Loan Agreement, the Loan Agreement as amended hereby and the other Loan Documents Revolving Note are a the legal, valid and binding obligation obligations of each the Borrower, enforceable against such the Borrower in accordance with their respective 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 2 contracts

Sources: Loan and Security Agreement (CHS Inc), Loan and Security Agreement (US BioEnergy CORP)

Validity and Binding Effect. This AmendmentThe Loan Agreement, the Loan Agreement and the other Loan Documents are as amended hereby, is --------------------------- a legal, valid and binding obligation of each Borrower, enforceable against such each Borrower in accordance with their respective 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 2 contracts

Sources: Modification to Loan Documents (Amrep Corp.), Loan Modification Agreement (Amrep Corp.)

Validity and Binding Effect. This AmendmentThe Loan Agreement, as amended hereby, is the Loan Agreement and the other Loan Documents are a legal, valid and binding obligation obligations of each the Borrower, enforceable against such the Borrower in accordance with their respective those 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 2 contracts

Sources: Loan and Security Agreement (US BioEnergy CORP), Loan and Security Agreement (CHS Inc)

Validity and Binding Effect. This Amendment, the Loan Agreement Amendment and the other Loan Documents are a legal, valid and binding obligation of each the Borrower, enforceable against such the Borrower in accordance with 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 2 contracts

Sources: Loan Agreement (MRS Fields Holding Co Inc), Loan Agreement (MRS Fields Original Cookies Inc)

Validity and Binding Effect. This Amendment, the Loan Agreement as amended, and the other Loan Related Documents are a the legal, valid and binding obligation of each Borrower, enforceable against such Borrower in accordance with 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

Sources: Business Loan Agreement (Farmland Partners Inc.)

Validity and Binding Effect. This Amendment, the Loan Agreement and the other Loan Documents are a legal, valid and binding obligation of each Borrower, enforceable against such Borrower in accordance with 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

Sources: Loan and Security Agreement (Ari Network Services Inc /Wi)

Validity and Binding Effect. This Amendment, the Loan Agreement as amended, and the other Loan Related Documents are a the legal, valid and binding obligation of each Borrower, enforceable against such Borrower in accordance with 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

Sources: Business Loan Agreement (Farmland Partners Inc.)