Common use of Validity of Loan Documents Clause in Contracts

Validity of Loan Documents. The Loan Documents are in all respects legal, valid and binding in accordance with their terms and grant to the City a direct, valid and enforceable first lien on and security interest in and to the Property.

Appears in 28 contracts

Samples: Loan Agreement, Agreement, Loan Agreement

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Validity of Loan Documents. The Loan Documents are in all respects legal, valid and binding in accordance with their terms and grant to the City a direct, valid and enforceable first third lien on and security interest in and to the Property.

Appears in 9 contracts

Samples: Forgivable Loan Agreement, Forgivable Loan Agreement, Forgivable Loan Agreement

Validity of Loan Documents. The Loan Documents are in all respects legal, valid and binding in accordance with their terms and grant to the City a direct, valid and enforceable first second lien on and security interest in and to the Property.

Appears in 5 contracts

Samples: Loan Agreement, Loan Agreement, Loan Agreement

Validity of Loan Documents. The Loan Documents are in all respects legal, valid and binding in accordance with their terms and grant to the City a direct, valid and enforceable first fourth lien on and security interest in and to the Property.

Appears in 2 contracts

Samples: Forgivable Loan Agreement, Forgivable Loan Agreement

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Validity of Loan Documents. The Loan Documents are in all respects legal, valid valid, and binding in accordance with their terms and grant to the City a direct, valid and enforceable first lien on and security interest in and to the Propertyterms.

Appears in 1 contract

Samples: Loan and Security Agreement (Dorman Products, Inc.)

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