Common use of Enforceable Obligation Clause in Contracts

Enforceable Obligation. The Company represents and warrants that at the time of the original issuance of this Note it received the full purchase price payable pursuant to the Note Purchase Agreement in an amount at least equal to the original principal amount of this Note, and that this Note is an enforceable obligation of the Company which is not subject to any offset, reduction, counterclaim or disallowance of any sort.

Appears in 18 contracts

Samples: Note Purchase Agreement (Emagin Corp), Patent and Trademark Security Agreement (Emagin Corp), Emagin Corp

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Enforceable Obligation. The Company represents and warrants that at the time of the original issuance and delivery to the Holder of this Note it received the full purchase price payable pursuant to the Note Purchase Agreement in an amount at least equal to the original principal amount of this Note, and that this Note is an enforceable obligation of the Company which is not subject to any offset, reduction, counterclaim or disallowance of any sort.

Appears in 6 contracts

Samples: Purchase Agreement (Zix Corp), Insmed Inc, Purchase Agreement (Zix Corp)

Enforceable Obligation. The Company represents and warrants that ----------------------- at the time of the original issuance of this Note it received the full purchase price payable pursuant to the Note Purchase Agreement in an amount at least equal to the original principal amount of this Note, and that this Note is an enforceable obligation of the Company which is not subject to any offset, reduction, counterclaim or disallowance of any sort.

Appears in 3 contracts

Samples: Note Purchase Agreement (Cephalon Inc), Note Purchase Agreement (Cephalon Inc), Napro Biotherapeutics Inc

Enforceable Obligation. The Company represents and ------------------------ warrants that at the time of the original issuance of this Note it received the full purchase price payable pursuant to the Note Purchase Agreement in an amount at least equal to the original principal amount of this Note, and that this Note is an enforceable obligation of the Company which is not subject to any offset, reduction, counterclaim or disallowance of any sort.

Appears in 2 contracts

Samples: Note Purchase Agreement (Dwango North America Corp), Note Purchase Agreement (Dwango North America Corp)

Enforceable Obligation. The Company represents and warrants that at the time of the original issuance of this Note it received the full purchase price payable consideration pursuant to the Note Purchase Exchange Agreement of a type and in an amount with a value to the Company at least equal to the original principal amount of this Note, and that this Note is an enforceable obligation of the Company which is not subject to any offset, reduction, counterclaim or disallowance of any sort.

Appears in 2 contracts

Samples: Transmedia Asia Pacific Inc, Transmedia Asia Pacific Inc

Enforceable Obligation. The Company represents and warrants that at the time of the original issuance of this Note Note, it received the full purchase price payable pursuant to under the Note Purchase Agreement in an amount at least equal to the original principal amount of this NoteIssue Price, and that this Note is an enforceable obligation of the Company which is not subject to any offset, reduction, counterclaim or disallowance allowance of any sort, subject to bankruptcy, insolvency, fraudulent conveyance or transfer, moratorium and other laws of general applicability relating to or affecting creditors’ rights and to general equitable principles.

Appears in 2 contracts

Samples: Security Purchase Agreement (Emisphere Technologies Inc), Security Purchase Agreement (Emisphere Technologies Inc)

Enforceable Obligation. The Company represents and warrants that at the time of the original issuance of this Note it received the full purchase price payable consideration therefor pursuant to the Note Purchase Settlement Agreement in an amount at least equal to the original principal amount of this Note, and that this Note is an enforceable obligation of the Company which is not subject to any offset, reduction, counterclaim or disallowance of any sort.

Appears in 1 contract

Samples: NewLead Holdings Ltd.

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Enforceable Obligation. The Company represents and warrants that at the time of the original issuance of this Note it received the full purchase price payable pursuant to the Note Securities Purchase Agreement in an amount at least equal to the original principal amount of this Note, and that this Note is an enforceable obligation of the Company which is not subject to any offset, reduction, counterclaim or disallowance of any sort.

Appears in 1 contract

Samples: Direct Insite Corp

Enforceable Obligation. The Company represents and warrants that at the time of the original issuance of this Note Note, it received the full purchase price payable pursuant to under the Note Purchase Agreement in an amount at least equal to the original principal amount of this NoteIssue Price, and that this Note is an enforceable obligation of the Company which is not subject to any offset, reduction, counterclaim or disallowance allowance of any sort, subject to bankruptcy, insolvency, fraudulent conveyance or transfer, moratorium and other laws of general applicability relating to or affecting creditors' rights and to general equitable principles.

Appears in 1 contract

Samples: Emisphere Technologies Inc

Enforceable Obligation. The Company represents and warrants that at the time of the original issuance of this Note Note, it received the full purchase price payable pursuant to the Note Purchase Agreement in an amount at least equal to the original principal amount of this Note, and that this Note is an enforceable obligation of the Company which is not subject to any offset, reduction, counterclaim or disallowance of any sort.

Appears in 1 contract

Samples: DecisionPoint Systems, Inc.

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