{"component": "clause", "props": {"groups": [{"samples": [{"hash": "9Xk9m5pInR2", "uri": "/contracts/9Xk9m5pInR2#validity-and-binding-effect", "label": "Credit Agreement (New Jersey Resources Corp)", "score": 35.6036949158, "published": true}, {"hash": "7bq5glKcAS0", "uri": "/contracts/7bq5glKcAS0#validity-and-binding-effect", "label": "Credit Agreement (New Jersey Resources Corp)", "score": 35.6036949158, "published": true}, {"hash": "kkUHGFUFshJ", "uri": "/contracts/kkUHGFUFshJ#validity-and-binding-effect", "label": "Term Loan Credit Agreement (New Jersey Resources Corp)", "score": 33.1122512817, "published": true}], "snippet_links": [{"key": "this-agreement", "type": "clause", "offset": [0, 14]}, {"key": "executed-and-delivered", "type": "clause", "offset": [41, 63]}, {"key": "each-loan-party", "type": "definition", "offset": [67, 82]}, {"key": "loan-document", "type": "definition", "offset": [99, 112]}, {"key": "any-loan", "type": "clause", "offset": [119, 127]}, {"key": "execute-and-deliver", "type": "clause", "offset": [149, 168]}, {"key": "date-hereof", "type": "clause", "offset": [185, 196]}, {"key": "duly-executed", "type": "clause", "offset": [212, 225]}, {"key": "delivery-of", "type": "clause", "offset": [283, 294]}, {"key": "obligations-of-each", "type": "clause", "offset": [417, 436]}, {"key": "a-party", "type": "clause", "offset": [468, 475]}, {"key": "in-accordance-with", "type": "clause", "offset": [563, 581]}, {"key": "except-to-the-extent", "type": "clause", "offset": [593, 613]}, {"key": "similar-laws", "type": "definition", "offset": [741, 753]}, {"key": "rights-generally", "type": "clause", "offset": [797, 813]}, {"key": "right-of", "type": "clause", "offset": [830, 838]}, {"key": "specific-performance", "type": "definition", "offset": [839, 859]}], "snippet": "This Agreement has been duly and validly executed and delivered by each Loan Party, and each other Loan Document which any Loan Party is required to execute and deliver on or after the date hereof will have been duly executed and delivered by such Loan Party on the required date of delivery of such Loan Document. This Agreement and each other Loan Document constitutes, or will constitute, legal, valid and binding obligations of each Loan Party which is or will be a party thereto on and after its date of delivery thereof, enforceable against such Loan Party in accordance with its terms, except to the extent that enforceability of any of such Loan Document may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforceability of creditors\u2019 rights generally or limiting the right of specific performance.", "size": 161, "hash": "08ae86014639eb25a9372ab456d875b7", "id": 1}, {"samples": [{"hash": "3wSSi250GE6", "uri": "/contracts/3wSSi250GE6#validity-and-binding-effect", "label": "Credit Agreement and Security Agreement (Paylocity Holding Corp)", "score": 33.6379203796, "published": true}, {"hash": "9wL6HMdrgIX", "uri": "/contracts/9wL6HMdrgIX#validity-and-binding-effect", "label": "Revolving Credit Agreement (Steel Partners Holdings L.P.)", "score": 32.9917869568, "published": true}, {"hash": "bNOclEIUbCk", "uri": "/contracts/bNOclEIUbCk#validity-and-binding-effect", "label": "Credit Agreement (Paylocity Holding Corp)", "score": 30.5386714935, "published": true}], "snippet_links": [{"key": "this-agreement", "type": "clause", "offset": [0, 14]}, {"key": "other-loan-documents", "type": "definition", "offset": [31, 51]}, {"key": "executed-and-delivered", "type": "clause", "offset": [82, 104]}, {"key": "each-loan-party", "type": "definition", "offset": [108, 123]}, {"key": "obligations-of-each", "type": "clause", "offset": [192, 211]}, {"key": "a-party", "type": "clause", "offset": [243, 250]}, {"key": "in-accordance-with", "type": "clause", "offset": [296, 314]}], "snippet": "This Agreement and each of the other Loan Documents (i) has been duly and validly executed and delivered by each Loan Party, and (ii) constitutes, or will constitute, legal, valid and binding obligations of each Loan Party which is or will be a party thereto, enforceable against such Loan Party in accordance with its terms.", "size": 79, "hash": "117d9438515b879e064750db6a0c4b5e", "id": 2}, {"samples": [{"hash": "8okQuh9GD4m", "uri": "/contracts/8okQuh9GD4m#validity-and-binding-effect", "label": "Loan and Security Agreement (BG Staffing, Inc.)", "score": 26.1553726196, "published": true}, {"hash": "hTYSuXdoKKY", "uri": "/contracts/hTYSuXdoKKY#validity-and-binding-effect", "label": "Loan and Security Agreement (BG Staffing, Inc.)", "score": 24.8412055969, "published": true}, {"hash": "fJ3yfsoVmps", "uri": "/contracts/fJ3yfsoVmps#validity-and-binding-effect", "label": "Loan and Security Agreement (LTN Staffing, LLC)", "score": 24.7727584839, "published": true}], "snippet_links": [{"key": "this-amendment", "type": "clause", "offset": [0, 14]}, {"key": "agreement-and-the-other-loan-documents", "type": "clause", "offset": [25, 63]}, {"key": "valid-and-binding-obligation", "type": "clause", "offset": [77, 105]}, {"key": "each-borrower", "type": "clause", "offset": [109, 122]}, {"key": "in-accordance-with", "type": "clause", "offset": [158, 176]}, {"key": "laws-of-general-application", "type": "definition", "offset": [284, 311]}, {"key": "enforcement-of", "type": "clause", "offset": [326, 340]}, {"key": "general-principles", "type": "definition", "offset": [365, 383]}, {"key": "availability-of-equitable-remedies", "type": "clause", "offset": [407, 441]}], "snippet": "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\u2019 rights or by general principles of equity limiting the availability of equitable remedies.", "size": 71, "hash": "15caf26bb01537dcc0001f3d3e840653", "id": 3}, {"samples": [{"hash": "lHBrthxDefL", "uri": "/contracts/lHBrthxDefL#validity-and-binding-effect", "label": "Loan Agreement (Taylor Capital Group Inc)", "score": 18.0, "published": true}, {"hash": "gKQi4pDMzJP", "uri": "/contracts/gKQi4pDMzJP#validity-and-binding-effect", "label": "Loan and Security Agreement (First Horizon Pharmaceutical Corp)", "score": 18.0, "published": true}, {"hash": "dhH4yLCkBys", "uri": "/contracts/dhH4yLCkBys#validity-and-binding-effect", "label": "Business Loan Agreement (Fuel Tech N V)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-agreement", "type": "clause", "offset": [0, 13]}, {"key": "as-amended", "type": "definition", "offset": [15, 25]}, {"key": "obligation-of-the-borrower", "type": "clause", "offset": [64, 90]}, {"key": "in-accordance-with", "type": "clause", "offset": [125, 143]}, {"key": "laws-of-general-application", "type": "definition", "offset": [238, 265]}, {"key": "enforcement-of", "type": "clause", "offset": [280, 294]}, {"key": "general-principles", "type": "definition", "offset": [319, 337]}, {"key": "availability-of-equitable-remedies", "type": "clause", "offset": [361, 395]}], "snippet": "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.", "size": 68, "hash": "ee41e659f1a87f3afe42365e0a3d17b6", "id": 4}, {"samples": [{"hash": "2Ho4kOLL7ZL", "uri": "/contracts/2Ho4kOLL7ZL#validity-and-binding-effect", "label": "Credit Agreement (Core Natural Resources, Inc.)", "score": 36.0390129089, "published": true}, {"hash": "4Lfa5Krqg4g", "uri": "/contracts/4Lfa5Krqg4g#validity-and-binding-effect", "label": "Credit Agreement (CONSOL Energy Inc.)", "score": 34.4455833435, "published": true}, {"hash": "g3WAkeMDQvZ", "uri": "/contracts/g3WAkeMDQvZ#validity-and-binding-effect", "label": "Credit Agreement (CONSOL Energy Inc.)", "score": 33.5612602234, "published": true}], "snippet_links": [{"key": "this-agreement", "type": "clause", "offset": [0, 14]}, {"key": "executed-and-delivered", "type": "clause", "offset": [41, 63]}, {"key": "each-loan-party", "type": "definition", "offset": [67, 82]}, {"key": "loan-document", "type": "definition", "offset": [99, 112]}, {"key": "any-loan", "type": "clause", "offset": [119, 127]}, {"key": "execute-and-deliver", "type": "clause", "offset": [149, 168]}, {"key": "duly-executed", "type": "clause", "offset": [178, 191]}, {"key": "obligations-of-each", "type": "clause", "offset": [307, 326]}, {"key": "a-party", "type": "clause", "offset": [347, 354]}, {"key": "in-accordance-with", "type": "clause", "offset": [400, 418]}, {"key": "except-to-the-extent", "type": "clause", "offset": [430, 450]}, {"key": "fraudulent-conveyance", "type": "definition", "offset": [558, 579]}, {"key": "similar-laws", "type": "definition", "offset": [601, 613]}, {"key": "rights-generally", "type": "clause", "offset": [657, 673]}, {"key": "right-of", "type": "clause", "offset": [690, 698]}, {"key": "specific-performance", "type": "definition", "offset": [699, 719]}], "snippet": "This Agreement has been duly and validly executed and delivered by each Loan Party, and each other Loan Document which any Loan Party is required to execute and deliver has been duly executed and delivered by such Loan Party. This Agreement and each other Loan Document constitutes legal, valid and binding obligations of each Loan Party which is a party thereto, enforceable against such Loan Party in accordance with its terms, except to the extent that enforceability of any of such Loan Document may be limited by bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium or other similar laws affecting the enforceability of creditors\u2019 rights generally or limiting the right of specific performance.", "size": 41, "hash": "4c4eb8ca5940ee3968401be73406ae6f", "id": 5}, {"samples": [{"hash": "8trxMVSTqA6", "uri": "/contracts/8trxMVSTqA6#validity-and-binding-effect", "label": "Credit Agreement (Big Lots Inc)", "score": 35.4476394653, "published": true}, {"hash": "5lTTF1NQtXg", "uri": "/contracts/5lTTF1NQtXg#validity-and-binding-effect", "label": "Term Credit Agreement (Designer Brands Inc.)", "score": 34.4729652405, "published": true}, {"hash": "6Q4yAfGuIIM", "uri": "/contracts/6Q4yAfGuIIM#validity-and-binding-effect", "label": "Credit Agreement (Big Lots Inc)", "score": 33.9308700562, "published": true}], "snippet_links": [{"key": "other-loan-documents", "type": "definition", "offset": [31, 51]}, {"key": "executed-and-delivered", "type": "clause", "offset": [82, 104]}, {"key": "each-loan-party", "type": "definition", "offset": [108, 123]}, {"key": "a-party", "type": "clause", "offset": [132, 139]}, {"key": "obligations-of-each", "type": "clause", "offset": [215, 234]}, {"key": "in-accordance-with", "type": "clause", "offset": [307, 325]}, {"key": "except-to-the-extent", "type": "clause", "offset": [337, 357]}, {"key": "agreement-or", "type": "definition", "offset": [386, 398]}, {"key": "similar-laws", "type": "definition", "offset": [501, 513]}, {"key": "rights-generally", "type": "clause", "offset": [557, 573]}, {"key": "right-of", "type": "clause", "offset": [590, 598]}, {"key": "specific-performance", "type": "definition", "offset": [599, 619]}, {"key": "general-principles", "type": "definition", "offset": [626, 644]}], "snippet": "This Agreement and each of the other Loan Documents (i) has been duly and validly executed and delivered by each Loan Party that is a party thereto and (ii) constitutes, or will constitute, legal, valid and binding obligations of each Loan Party that is a party thereto, enforceable against such Loan Party in accordance with its terms, except to the extent that enforceability of this Agreement or any other Loan Document may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforceability of creditors\u2019 rights generally or limiting the right of specific performance or by general principles of equity.", "size": 40, "hash": "ba2ed7c5593ae2c0a7415f70df269389", "id": 6}, {"samples": [{"hash": "evWB80izjQ8", "uri": "/contracts/evWB80izjQ8#validity-and-binding-effect", "label": "Revolving Credit Facility (Erie Indemnity Co)", "score": 30.8412055969, "published": true}, {"hash": "3tik0aJnatn", "uri": "/contracts/3tik0aJnatn#validity-and-binding-effect", "label": "Credit Agreement (Erie Indemnity Co)", "score": 29.8350448608, "published": true}, {"hash": "k3bSvV6xhXn", "uri": "/contracts/k3bSvV6xhXn#validity-and-binding-effect", "label": "Credit Agreement (Erie Indemnity Co)", "score": 25.8692684174, "published": true}], "snippet_links": [{"key": "this-agreement", "type": "clause", "offset": [0, 14]}, {"key": "other-loan-documents", "type": "definition", "offset": [31, 51]}, {"key": "executed-and-delivered", "type": "clause", "offset": [82, 104]}, {"key": "by-the-borrower", "type": "clause", "offset": [105, 120]}, {"key": "obligations-of-the-borrower", "type": "definition", "offset": [189, 216]}, {"key": "in-accordance-with", "type": "clause", "offset": [251, 269]}], "snippet": "This Agreement and each of the other Loan Documents (i) has been duly and validly executed and delivered by the Borrower, and (ii) constitutes, or will constitute, legal, valid and binding obligations of the Borrower, enforceable against the Borrower in accordance with its terms.", "size": 39, "hash": "668950b6c33cf30b691e40b2947744c5", "id": 7}, {"samples": [{"hash": "gQujqsAtEMe", "uri": "/contracts/gQujqsAtEMe#validity-and-binding-effect", "label": "Purchase and Sale Agreement (Shah Capital Management)", "score": 28.0924034119, "published": true}, {"hash": "33Uc3rW1W9c", "uri": "/contracts/33Uc3rW1W9c#validity-and-binding-effect", "label": "Purchase and Sale Agreement (Tonghao (Cayman) LTD)", "score": 28.0924034119, "published": true}, {"hash": "70j1YpI9dHy", "uri": "/contracts/70j1YpI9dHy#validity-and-binding-effect", "label": "Purchase and Sale Agreement (Vimicro International CORP)", "score": 23.3230667114, "published": true}], "snippet_links": [{"key": "executed-and-delivered", "type": "clause", "offset": [41, 63]}, {"key": "valid-and-binding-obligation", "type": "clause", "offset": [122, 150]}, {"key": "in-accordance-with", "type": "clause", "offset": [199, 217]}, {"key": "enforceability-of-this-agreement", "type": "clause", "offset": [243, 275]}, {"key": "laws-of-general-application", "type": "definition", "offset": [334, 361]}, {"key": "rights-generally", "type": "clause", "offset": [405, 421]}, {"key": "general-principles", "type": "definition", "offset": [429, 447]}], "snippet": "This Agreement has been duly and validly executed and delivered by such Seller; and this Agreement constitutes the legal, valid and binding obligation of such Seller, enforceable against such Seller in accordance with its terms, except as the enforceability of this Agreement may be limited by bankruptcy, insolvency or other similar laws of general application affecting the enforceability of creditors\u2019 rights generally, or by general principles of equity.", "size": 37, "hash": "387af3ae79dd90837a940ce0867decb6", "id": 8}, {"samples": [{"hash": "gck1EuKGJLa", "uri": "/contracts/gck1EuKGJLa#validity-and-binding-effect", "label": "Credit Agreement (Northern Oil & Gas, Inc.)", "score": 32.4168395996, "published": true}, {"hash": "kwUvQXKacBW", "uri": "/contracts/kwUvQXKacBW#validity-and-binding-effect", "label": "Credit Agreement (Northern Oil & Gas, Inc.)", "score": 32.0910339355, "published": true}, {"hash": "gElYvVTeTf6", "uri": "/contracts/gElYvVTeTf6#validity-and-binding-effect", "label": "Credit Agreement (Northern Oil & Gas, Inc.)", "score": 31.5297737122, "published": true}], "snippet_links": [{"key": "this-amendment", "type": "clause", "offset": [0, 14]}, {"key": "obligations-of-the-borrower", "type": "definition", "offset": [49, 76]}, {"key": "in-accordance-with", "type": "clause", "offset": [89, 107]}, {"key": "similar-laws", "type": "definition", "offset": [228, 240]}, {"key": "rights-generally", "type": "clause", "offset": [262, 278]}, {"key": "general-principles", "type": "definition", "offset": [295, 313]}], "snippet": "This Amendment constitutes the valid and binding obligations of the Borrower enforceable in accordance with its terms, except as the enforceability thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditor\u2019s rights generally, and subject to general principles of equity, regardless of whether considered in a proceeding in equity or law.", "size": 36, "hash": "46e27285ba3d65e906aa91cf1c0eb78a", "id": 9}, {"samples": [{"hash": "lisXBYr6s4k", "uri": "/contracts/lisXBYr6s4k#validity-and-binding-effect", "label": "Credit Agreement (Van Kampen Prime Rate Income Trust)", "score": 18.0, "published": true}, {"hash": "lPSHzxRxRFT", "uri": "/contracts/lPSHzxRxRFT#validity-and-binding-effect", "label": "Credit Agreement (Van Kampen Prime Rate Income Trust)", "score": 18.0, "published": true}, {"hash": "lEXw1yPYEZH", "uri": "/contracts/lEXw1yPYEZH#validity-and-binding-effect", "label": "Credit Agreement (Van Kampen Senior Floating Rate Fund)", "score": 18.0, "published": true}], "snippet_links": [{"key": "this-agreement", "type": "clause", "offset": [0, 14]}, {"key": "the-notes", "type": "clause", "offset": [23, 32]}, {"key": "executed-and-delivered", "type": "clause", "offset": [43, 65]}, {"key": "obligation-of-the-borrower", "type": "clause", "offset": [104, 130]}, {"key": "in-accordance-with", "type": "clause", "offset": [155, 173]}, {"key": "fraudulent-conveyance", "type": "definition", "offset": [284, 305]}, {"key": "fraudulent-transfer", "type": "clause", "offset": [307, 326]}, {"key": "laws-of-general-application", "type": "definition", "offset": [356, 383]}, {"key": "enforcement-of", "type": "clause", "offset": [398, 412]}, {"key": "general-principles", "type": "definition", "offset": [437, 455]}, {"key": "availability-of-equitable-remedies", "type": "clause", "offset": [479, 513]}], "snippet": "This Agreement is, and the Notes when duly executed and delivered will be, the legal, valid and binding obligation of the Borrower, enforceable against it in accordance with their terms, except as enforceability may be limited by bankruptcy, 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 of equitable remedies.", "size": 33, "hash": "31d88a7f84c3cb55ed4706e3c2019b54", "id": 10}], "next_curs": "CmQSXmoVc35sYXdpbnNpZGVyY29udHJhY3RzckALEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IiR2YWxpZGl0eS1hbmQtYmluZGluZy1lZmZlY3QjMDAwMDAwMGEMogECZW4YACAA", "clause": {"title": "Validity and Binding Effect", "children": [["documentation", "DOCUMENTATION"], ["replacement-note", "Replacement Note"], ["certificate-of-no-default", "Certificate of No Default"], ["resolution-certificate-of-incumbency", "Resolution; Certificate of Incumbency"], ["representations-and-warranties-true", "Representations and Warranties True"]], "parents": [["representations-and-warranties", "Representations and Warranties"], ["warranties", "Warranties"], ["representations-and-warranties-of-the-company", "REPRESENTATIONS AND WARRANTIES OF THE COMPANY"], ["borrowers-representations", "Borrower's Representations"], ["settlement-date-procedures", "Settlement Date Procedures"]], "size": 1268, "id": "validity-and-binding-effect", "related": [["validity-and-binding-nature", "Validity and Binding Nature", "Validity and Binding Nature"], ["validity-and-binding-effect-of-agreements", "Validity and Binding Effect of Agreements", "<strong>Validity and Binding Effect</strong> of Agreements"], ["authority-and-binding-effect", "Authority and Binding Effect", "Authority and Binding Effect"], ["assignability-and-binding-effect", "Assignability and Binding Effect", "Assignability and Binding Effect"], ["validity-and-severability", "Validity and Severability", "Validity and Severability"]], "related_snippets": [], "updated": "2026-05-10T05:39:37+00:00"}, "json": true, "cursor": ""}}