Common use of Binding and Enforceable Clause in Contracts

Binding and Enforceable. This Agreement is, and each other Loan Document to which any Loan Party will be a party is or when delivered will be, legal, valid and binding obligations of the Loan Parties enforceable against the Loan Parties in accordance with their respective terms, subject to laws generally affecting the enforcement of creditors' rights.

Appears in 4 contracts

Samples: Credit Agreement (Ocular Sciences Inc /De/), Revolving Credit Agreement (Integrated Health Services Inc), Revolving Credit Agreement (Integrated Health Services Inc)

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Binding and Enforceable. This Agreement is, and each other Loan Document to which any Loan Party will be a party is or when delivered will be, be legal, valid and binding obligations of the Loan Parties enforceable against the Loan Parties in accordance with their respective terms, subject to laws generally affecting the enforcement of creditors' rights.

Appears in 2 contracts

Samples: Pledge Agreement (Ocular Sciences Inc /De/), Credit Agreement (Ocular Sciences Inc /De/)

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Binding and Enforceable. This Agreement is, and each other Loan Document to Documents which any Loan Party will be a party is or when delivered will be, legal, valid and binding obligations of the Loan Parties enforceable against the Loan Parties in accordance with their respective terms, subject to laws generally affecting the enforcement of creditors' rights.,

Appears in 1 contract

Samples: Loan and Security Agreement (Oasis Residential Inc)

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