Legally Binding Instruments Sample Clauses

Legally Binding Instruments. When this Agreement is executed by the Borrower and the Lender, and when the Note is executed and delivered by the Borrower, each such instrument will constitute the legal, valid, and binding obligation of the company in accordance with its terms. Any security agreements and instruments, financing statements, mortgages and other liens on chattel or real estate will constitute legal, valid and binding liens free and clear of all prior liens and encumbrances except as provided for.
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Legally Binding Instruments. When this Agreement is executed by XXXXXXXX and LENDER, and when the Note, Attachment A, is executed and delivered by BORROWER for value, each instrument shall constitute the legal, valid, and binding obligation of BORROWER in accordance with its terms.
Sample 1
Legally Binding Instruments. When this Agreement is executed by the Borrower and the Lender, and when the Promissory Note is executed and delivered by the Borrower for value, each such instrument shall constitute the legal, valid, and binding obligation of the Borrower in accordance with its terms. Any Security Agreements and Instruments, Financing Statements, Mortgages and other liens on Chattel or real estate shall constitute legal, valid, and binding liens free and clear of all prior liens and encumbrances except as specifically provided for in the Loan Commitment Letter.
Sample 1
Legally Binding Instruments. When this Agreement is executed by the Borrower and the Lender, this Agreement will constitute the legal, valid, and binding obligation of the Borrower and Lender in accordance with its terms.
Sample 1
Legally Binding Instruments. When this Agreement is executed by the Undersigned and the Lender, and when the Note is executed and delivered by the Undersigned for value, each such instrument shall constitute the legal, valid, and binding obligation of the company in accordance with its terms. Any Security Agreements and Instruments, Financing Statements, Mortgages, Trust Deeds, and other liens on chattel or real estate shall constitute legal, valid and binding liens free and clear of all prior liens and encumbrances except as provided for.
Sample 1
Legally Binding Instruments. When this Agreement is executed by the --------------------------- Lessee and the Lessor, it shall constitute the legal, valid, and binding obligation of the Lessee in accordance with its terms.
Sample 1
Legally Binding Instruments. When this Agreement is executed by Borrower and Lender, it shall constitute the legal, valid, and binding obligation of Borrower, in accordance with its terms, subject to its enforceability to limitations imposed by bankruptcy, insolvency, reorganization, moratorium and similar laws relating to or affecting creditors’ rights generally, and to the general principles of equity.
Sample 1
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Legally Binding Instruments. Prior to making the Company Loan, the Company shall provide to the Authority an opinion of legal counsel to the Company that the Company Loan Agreement and the Promissory Note each constitute the legal, valid and binding obligation of the Company in accordance with its terms, subject to customary exceptions. Further, the opinion shall provide that the security interest in the Equipment constitutes a legal, valid, and binding lien free and clear of all prior liens and encumbrances, with the exception of the lien securing the CFB Loan and the Lake Country Loan.
Sample 1
Legally Binding Instruments. When this Agreement is executed by the Borrower, Guarantors, and the Lender, and when the Notes are executed and delivered by the Borrower for value, and the Guaranty Agreements are executed and delivered by the Guarantors for value, each such instrument shall constitute the legal, valid, and binding obligation of the Borrower and Guarantors in accordance with their terms. Any Security Agreements and Financing Statements shall constitute legal, valid, and binding liens or security interests in the Collateral therein described.
Sample 1

Related to Legally Binding Instruments

  • Legally Binding The terms of this Agreement contained herein are contractual, and not a mere recital.

  • Authority; Binding Obligation Each of Acquiror and Acquiror Sub has all requisite power, authority and legal capacity to execute and deliver this Agreement and each of the other agreements, documents, certificates or other instruments contemplated hereby (the “Acquiror Documents”), to perform its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby. The execution, delivery and performance by Acquiror and Acquiror Sub of this Agreement, the execution, delivery and performance by Acquiror and Acquiror Sub of the Acquiror Documents, and the consummation by Acquiror and Acquiror Sub of the transactions contemplated hereby and thereby, have been duly authorized and approved by all necessary corporate action, and no other corporate proceeding on the part of Acquiror or Acquiror Sub is necessary to authorize this Agreement and the Acquiror Documents, or to consummate the transactions contemplated hereby and thereby, other than the approval and adoption of this Agreement by Acquiror in accordance with Delaware law and Acquiror Sub in accordance with Nevada Law and Acquiror’s certificate of incorporation and bylaws and Acquiror Sub’s articles of incorporation and bylaws. This Agreement has been, and the Acquiror Documents will be at or prior to the Closing, duly executed and delivered by Acquiror and Acquiror Sub. This Agreement constitutes, and the Acquiror Documents when so executed and delivered, will constitute a legal, valid and binding obligation of Acquiror and Acquiror Sub, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar laws, affecting creditors’ rights and remedies generally, and subject, as to enforceability, to general principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at law or in equity).

  • Authority; Binding Agreement Stockholder has the legal power and authority to execute and deliver this Agreement, to perform Stockholder’s obligations hereunder and to consummate the transactions contemplated hereby. The execution, delivery and performance by Stockholder of this Agreement, the performance by Stockholder of Stockholder’s obligations hereunder and the consummation by Stockholder of the transactions contemplated hereby have been duly and validly authorized by Stockholder and no other actions or proceedings on the part of Stockholder are necessary to authorize the execution and delivery by Stockholder of this Agreement, the performance by Stockholder of Stockholder’s obligations hereunder or thereunder or the consummation by Stockholder of the transactions contemplated hereby or thereby. This Agreement has been duly executed and delivered by Stockholder, and, assuming this Agreement constitutes a valid and binding obligation of Parent, constitute a valid and binding obligation of Stockholder, enforceable against Stockholder in accordance with their respective terms except as the same may be limited by bankruptcy, insolvency, reorganization, moratorium or similar Laws now or hereafter in effect relating to creditors’ rights generally and subject to general principles of equity.

  • Valid and Binding Obligations This Agreement, and all agreements and documents executed and delivered pursuant to this Agreement, constitute valid and binding obligations of the Purchaser, enforceable against the Purchaser in accordance with its terms, subject to applicable Bankruptcy Laws and other laws or equitable principles of general application affecting the rights of creditors generally.

  • Obligations Binding Its obligations under this Agreement and any Credit Support Document to which it is a party constitute its legal, valid and binding obligations, enforceable in accordance with their respective terms (subject to applicable bankruptcy, reorganisation, insolvency, moratorium or similar laws affecting creditors’ rights generally and subject, as to enforceability, to equitable principles of general application (regardless of whether enforcement is sought in a proceeding in equity or at law)).

  • Execution and Binding Obligation This Agreement has been duly executed and delivered by the Purchaser, and constitutes a legal, valid and binding agreement of the Purchaser enforceable against it in accordance with its terms subject only to any limitation under bankruptcy, insolvency or other Law affecting the enforcement of creditors’ rights generally and the discretion that a court may exercise in the granting of equitable remedies such as specific performance and injunction.

  • Valid and Binding Obligation This Agreement constitutes the legal, valid and binding obligation of the Grantor, enforceable against the Grantor in accordance with its terms, except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium, and other laws of general application affecting enforcement of creditors’ rights generally, (ii) as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies, and (iii) to the extent the indemnification provisions contained in this Agreement may be limited by applicable federal or state securities laws.

  • Legal, Valid and Binding Obligation This Assignment constitutes a legal, valid and binding obligation of the Transferor enforceable against the Transferor in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors’ rights in general and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity);

  • Valid and Binding Agreements The Operative Agreements to which Owner is a party have been duly authorized, executed and delivered by Owner and, assuming the due authorization, execution and delivery thereof by the other party or parties thereto, constitute the legal, valid and binding obligations of Owner and are enforceable against Owner in accordance with the respective terms thereof, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, receivership, moratorium and other similar Laws affecting the rights of creditors generally and general principles of equity, whether considered in a proceeding at law or in equity.

  • Successors; Binding Agreement This Agreement shall inure to the benefit of and be binding upon personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees.

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