Common use of Enforceability of Obligations Clause in Contracts

Enforceability of Obligations. Each of the Loan Documents to which a Covered Person is a party constitutes the legal, valid and binding obligation of such Covered Person, enforceable against such Covered Person in accordance with its terms, except to the extent that the enforceability thereof against such Covered Person may be limited by bankruptcy, insolvency, reorganization, moratorium or similar Laws affecting creditors' rights generally or by equitable principles of general application.

Appears in 14 contracts

Samples: Credit Facilities Agreement (Dt Industries Inc), Loan Agreement (Layne Christensen Co), Credit Facilities Agreement (Young Innovations Inc)

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Enforceability of Obligations. Each of the Loan Documents to which a Covered Person is a party constitutes the legal, valid and binding obligation of such Covered Person, enforceable against such Covered Person in accordance with its terms, except to the extent that the enforceability thereof against such Covered Person may be limited by bankruptcy, insolvency, reorganization, moratorium or similar Laws laws affecting creditors' rights generally or by equitable principles of general application.

Appears in 8 contracts

Samples: Loan Agreement (Intrav Inc), Loan Agreement (Omniquip International Inc), Loan Agreement (Labarge Inc)

Enforceability of Obligations. Each of the Loan Documents to which a Covered Person is a party constitutes the legal, valid and binding obligation of such Covered Person, enforceable against such Covered Person in accordance with its terms, except to the extent that the enforceability thereof against such Covered Person may be limited by bankruptcy, insolvency, reorganization, moratorium or similar Laws affecting creditors' ’ rights generally or by equitable principles of general application.

Appears in 6 contracts

Samples: Credit Agreement (Gtsi Corp), Credit Agreement (Gtsi Corp), Assignment and Assumption (Young Innovations Inc)

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Enforceability of Obligations. Each of the Loan Documents and Current Acquisition Documents to which a Covered Person is a party constitutes the legal, valid and binding obligation of such Covered Person, enforceable against such Covered Person in accordance with its terms, except to the extent that the enforceability thereof against such Covered Person may be limited by bankruptcy, insolvency, reorganization, moratorium or similar Laws affecting creditors' ’ rights generally or by equitable principles of general application.

Appears in 1 contract

Samples: Loan Agreement (Layne Christensen Co)

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