Common use of Validity and Enforceability Clause in Contracts

Validity and Enforceability. This Second Amendment constitutes the valid and binding obligation of Borrower enforceable in accordance with its terms, except as (i) the enforceability thereof may be limited by bankruptcy, insolvency or similar laws affecting creditor's rights generally, and (ii) the availability of equitable remedies may be limited by equitable principles of general application.

Appears in 4 contracts

Samples: Credit Agreement (Ellora Energy Inc.), Credit Agreement (Berry Petroleum Co), Credit Agreement (Whiting Petroleum Holdings Inc)

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Validity and Enforceability. This Second Amendment constitutes the valid and binding obligation of Borrower enforceable in accordance with its terms, except as (ia) the enforceability thereof may be limited by bankruptcy, insolvency or similar laws affecting creditor's ’s rights generally, and (iib) the availability of equitable remedies may be limited by equitable principles of general application.

Appears in 4 contracts

Samples: Credit Agreement (GeoMet, Inc.), Credit Agreement (Delta Petroleum Corp/Co), Credit Agreement (Denbury Resources Inc)

Validity and Enforceability. This Second Amendment constitutes the valid and binding obligation of Borrower enforceable in accordance with its terms, except as (i) the enforceability thereof may be limited by bankruptcy, insolvency or similar laws affecting creditor's ’s rights generally, and (ii) the availability of equitable remedies may be limited by equitable principles of general application.

Appears in 3 contracts

Samples: Credit Agreement (Denbury Resources Inc), Credit Agreement (Delta Petroleum Corp/Co), Credit Agreement (Patina Oil & Gas Corp)

Validity and Enforceability. This Second Amendment constitutes the valid and binding obligation of Parent and Borrower enforceable in accordance with its terms, except as (i) the enforceability thereof may be limited by bankruptcy, insolvency or similar laws affecting creditor's ’s rights generally, and (ii) the availability of equitable remedies may be limited by equitable principles of general application.

Appears in 2 contracts

Samples: Credit Agreement (Denbury Resources Inc), Credit Agreement (Denbury Resources Inc)

Validity and Enforceability. This Second Amendment constitutes the valid and binding obligation of the Borrower enforceable in accordance with its terms, except as (ia) the enforceability thereof may be limited by bankruptcy, insolvency or similar laws affecting creditor's ’s rights generally, and (iib) the availability of equitable remedies may be limited by equitable principles of general application.

Appears in 2 contracts

Samples: Credit Agreement (Approach Resources Inc), Credit Agreement (Teton Energy Corp)

Validity and Enforceability. This Second Amendment constitutes the valid and binding obligation of Borrower enforceable in accordance with its terms, except as (ia) the enforceability thereof may be limited by bankruptcy, insolvency insolvency, reorganization, moratorium or similar laws affecting creditor's rights generally, and (iib) the availability of equitable remedies may be limited by equitable principles of general application, regardless of whether considered in a proceeding in equity or at law.

Appears in 1 contract

Samples: Credit Agreement (Blueknight Energy Partners, L.P.)

Validity and Enforceability. This Second Amendment constitutes the valid and binding obligation of Borrower and WPC enforceable in accordance with its terms, except as (i) the enforceability thereof may be limited by bankruptcy, insolvency or similar laws affecting creditor's ’s rights generally, and (ii) the availability of equitable remedies may be limited by equitable principles of general application.

Appears in 1 contract

Samples: Credit Agreement (Whiting Petroleum Corp)

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Validity and Enforceability. This Second Amendment constitutes the valid and binding obligation of Borrower and such Loan Party enforceable in accordance with its terms, except as (i) the enforceability thereof may be limited by bankruptcy, insolvency insolvency, reorganization, moratorium or similar laws affecting creditor's ’s rights generally, and (ii) the availability of equitable remedies may be limited by equitable principles of general application, regardless of whether considered in a proceeding in equity or at law.

Appears in 1 contract

Samples: Credit Agreement (Blueknight Energy Partners, L.P.)

Validity and Enforceability. This Second Amendment constitutes the valid and binding obligation of Borrower enforceable in accordance with its terms, except as (ia) the enforceability thereof may be limited by bankruptcy, insolvency insolvency, reorganization, moratorium or similar laws affecting creditor's ’s rights generally, and (iib) the availability of equitable remedies may be limited by equitable principles of general applicationapplicability (whether enforcement is sought by proceedings at law or in equity).

Appears in 1 contract

Samples: Credit Agreement (Quicksilver Gas Services LP)

Validity and Enforceability. This Second Amendment constitutes the valid and binding obligation of Borrower Parent and Borrowers enforceable in accordance with its terms, except as (ia) the enforceability thereof may be limited by bankruptcy, insolvency or similar laws affecting creditor's ’s rights generally, and (iib) the availability of equitable remedies may be limited by equitable principles of general application.

Appears in 1 contract

Samples: Credit Agreement (Chaparral Energy, Inc.)

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