Common use of Validity and Binding Nature Clause in Contracts

Validity and Binding Nature. Each Loan Document to which a Loan Party is a party is the legal, valid and binding obligation of such Loan Party, enforceable against such Loan Party in accordance with its terms, subject to Debtor Relief Laws and to general principles of equity.

Appears in 4 contracts

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

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Validity and Binding Nature. Each Loan Document to which a any Loan Party is a party has been duly executed and delivered by such Loan Party and is the legal, valid and binding obligation of such Loan Party, enforceable against such Loan Party in accordance with its terms, subject to Debtor Relief Laws bankruptcy, insolvency and similar laws affecting the enforceability of creditors’ rights generally and to general principles of equity.. 9.4

Appears in 2 contracts

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

Validity and Binding Nature. Each of the Loan Document Documents to which a any Loan Party is a party has been duly executed and delivered by such Loan Party and is the legal, valid and binding obligation of such Loan Party, enforceable against such Loan Party in accordance with its terms, subject to Debtor Relief Laws bankruptcy, insolvency and similar laws affecting the enforceability of creditors’ rights generally and to general principles of equity. SECTION 3.04.

Appears in 2 contracts

Samples: Credit Agreement (Westinghouse Air Brake Technologies Corp), Credit Agreement (Westinghouse Air Brake Technologies Corp)

Validity and Binding Nature. Each Loan Document to which a any Loan Party is a party is the legal, valid and binding obligation of such Loan PartyPerson, enforceable against such Loan Party Person in accordance with its terms, subject to Debtor Relief bankruptcy, insolvency and similar Laws affecting the enforceability of creditors’ rights generally and to general principles of equity.

Appears in 2 contracts

Samples: Credit Agreement (Bright Health Group Inc.), Credit Agreement (Bright Health Group Inc.)

Validity and Binding Nature. Each of the Loan Document Documents to which a any Loan Party is a party has been duly executed and delivered by such Loan Party and is the legal, valid and binding obligation of such Loan Party, enforceable against such Loan Party in accordance with its terms, subject to Debtor Relief Laws bankruptcy, insolvency and similar laws affecting the enforceability of creditors’ rights generally and to general principles of equity.

Appears in 2 contracts

Samples: Credit Agreement (Westinghouse Air Brake Technologies Corp), Credit Agreement (Westinghouse Air Brake Technologies Corp)

Validity and Binding Nature. Each Loan Document to which a Loan Party it is a --------------------------- party is constitutes the legal, valid valid, and binding obligation obligations of such each Loan Party, Party enforceable against such Loan Party in accordance with its respective terms, subject except to Debtor Relief Laws the extent enforceability thereof is limited by bankruptcy, insolvency or other laws relating to, or affecting the enforcement of, creditors' rights in general, and to by general principles of equity.

Appears in 2 contracts

Samples: Multicurrency Credit Agreement (Apw LTD), Multicurrency Credit Agreement (Apw LTD)

Validity and Binding Nature. Each Loan Document to which a Loan Party it is a party is constitutes the legal, valid valid, and binding obligation obligations of such each Loan Party, Party enforceable against such Loan Party in accordance with its respective terms, subject except to Debtor Relief Laws the extent enforceability thereof is limited by bankruptcy, insolvency or other laws relating to, or affecting the enforcement of, creditors' rights in general, and to by general principles of equity.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Apw LTD)

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Validity and Binding Nature. Each Loan Document to which a any Loan Party is a party has been duly executed and delivered by such Loan Party and is the legal, valid and binding obligation of such Loan Party, enforceable against such Loan Party in accordance with its terms, subject to Debtor Relief Laws bankruptcy, insolvency and similar laws affecting the enforceability of creditors' rights generally and to general principles of equity.

Appears in 1 contract

Samples: Credit Agreement (Middleby Corp)

Validity and Binding Nature. Each Loan Document to which a Loan Party is a party is the legal, valid and binding obligation of such Loan Party, enforceable against such Loan Party in accordance with its terms, subject to Debtor Relief Laws except as enforceability may be limited by bankruptcy, insolvency and similar laws of general application affecting the enforcement of creditors’ rights and to general principles of equityequity limiting the availability of equitable remedies.

Appears in 1 contract

Samples: Credit Agreement (Tetra Tech Inc)

Validity and Binding Nature. Each Loan Document to which a Loan any Credit Party is a party is the legal, valid and binding obligation of such Loan Credit Party, enforceable against such Loan Credit Party in accordance with its terms, subject to Debtor Relief Laws bankruptcy, insolvency, reorganization and similar laws relating to or affecting the enforceability of creditors’ rights generally and to general principles of equity.

Appears in 1 contract

Samples: Credit Agreement (Net Perceptions Inc)

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