Common use of Enforceability of Obligations Clause in Contracts

Enforceability of Obligations. This Amendment, and the Credit Agreement as amended hereby, constitute the legal, valid and binding obligations of the Borrower and each of the Guarantors enforceable against each such Person in accordance with their respective terms. Immediately prior to and immediately after and after giving effect to this Amendment, no Default or Event of Default exists under the Credit Agreement or any other Loan Document.

Appears in 8 contracts

Samples: Revolving Credit Agreement (Restaurant Co), Revolving Credit Agreement (Restaurant Co), Revolving Credit Agreement (Restaurant Co)

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Enforceability of Obligations. This Amendment, Amendment and the Credit Agreement Agreement, as amended hereby, constitute the legal, valid and binding obligations of the Borrower and each of the Guarantors enforceable against each such Person the Borrower in accordance with their respective its terms. Immediately prior , except as enforceability is limited by bankruptcy, insolvency, reorganization, moratorium or other laws relating to or affecting generally the enforcement of creditors’ rights and immediately after and after giving effect except to this Amendment, no Default the extent that availability of the remedy of specific performance or Event injunctive relief is subject to the discretion of Default exists under the Credit Agreement or court before which any other Loan Documentproceeding therefor may be brought.

Appears in 8 contracts

Samples: Credit Agreement (Virco MFG Corporation), Memorandum of Modification Agreement (Virco MFG Corporation), Credit Agreement (Virco MFG Corporation)

Enforceability of Obligations. This Amendment, Amendment and the Credit Agreement as amended hereby, hereby constitute the legal, valid and binding obligations of the Borrower and each of the Guarantors Borrower, enforceable against each such Person the Borrower in accordance with their respective terms. Immediately prior to and immediately after and after giving effect to this Amendment, no Default or Event of Default exists under the Credit Agreement or any other Loan Document.

Appears in 7 contracts

Samples: Term Loan Agreement (Arrow Automotive Industries Inc), Loan Agreement (Arrow Automotive Industries Inc), Arrow Automotive Industries Inc

Enforceability of Obligations. This Amendment, and the Credit Agreement as amended hereby, constitute the legal, valid and binding obligations of the Borrower and each of the Guarantors Borrowers and the Parent enforceable against each such Person in accordance with their respective terms. Immediately prior to and immediately after and after giving effect to this Amendment, no Default or Event of Default exists under the Credit Agreement or any other Loan Document.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Trico Marine Services Inc), Revolving Credit Agreement (Trico Marine Services Inc), Amendment Agreement (Trico Marine Services Inc)

Enforceability of Obligations. This Amendment, and the Credit Agreement as amended hereby, constitute the legal, valid and binding obligations of the Borrower and each of the Guarantors Borrowers and the Parent enforceable against each such Person in accordance with their respective terms. Immediately prior to and immediately after and after giving effect to this Amendment, no Default or Event of Default exists under the Credit Agreement or any other Loan Document.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Trico Marine Services Inc), Revolving Credit Agreement (Trico Marine Services Inc)

Enforceability of Obligations. This Amendment, and the Credit Agreement as amended hereby, and the other Loan Documents constitute the legal, valid and binding obligations of the Borrower and each of the Guarantors enforceable against each such Person in accordance with their respective terms. Immediately prior to and immediately after and after After giving effect to this Amendment, no Default or Event of Default exists under the Credit Agreement or any other Loan DocumentAgreement.

Appears in 1 contract

Samples: Hvide Marine Inc

Enforceability of Obligations. This Amendment, and the Credit Agreement as amended hereby, constitute the legal, valid and binding obligations of the Borrower and each of the Guarantors enforceable against each such Person in accordance with their respective terms. Immediately prior to and immediately after and after giving effect to this Amendment, no Default or Event of Default exists under the Credit Agreement or any other Loan Document.

Appears in 1 contract

Samples: Credit Agreement (Ionics Inc)

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Enforceability of Obligations. This Amendment, and the Credit Agreement as amended hereby, constitute the legal, valid and binding obligations of the Borrower and each of the Guarantors Borrowers and the Parent enforceable against each such Person in accordance with their respective terms. Immediately prior to and immediately after and after giving effect to this Amendment, no Default or Event of Default exists under the Credit Agreement or any other Loan Document.

Appears in 1 contract

Samples: Revolving Credit Agreement (Trico Marine Services Inc)

Enforceability of Obligations. This Amendment, and the Credit Agreement as amended hereby, constitute the legal, valid and binding obligations of the Borrower and each of the Guarantors enforceable against each such Person in accordance with their respective terms. Immediately prior to and immediately after and after giving effect to this Amendment, no Default or Event of or Default exists under the Credit Agreement or any other Loan Document.

Appears in 1 contract

Samples: Revolving Credit Agreement (Ionics Inc)

Enforceability of Obligations. This Amendment, and the Credit Agreement as amended hereby, constitute the legal, valid and binding obligations of the Borrower and each of the Guarantors Borrowers and the Parent enforceable against each such Person in accordance with their respective terms. Immediately prior to and immediately after and after After giving effect to this Amendment, no Default or Event of Default exists under the Credit Agreement or any other Loan Document.

Appears in 1 contract

Samples: Revolving Credit Agreement (Trico Marine Services Inc)

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