Common use of Legally Enforceable Agreement Clause in Contracts

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents are legal, valid, and binding obligations of the Borrower, and enforceable against the Borrower in accordance with their respective terms, except to the extent that such enforcement may be limited by (i) applicable bankruptcy, insolvency, liquidation, reorganization, moratorium or other similar laws affecting creditors' rights generally, and (ii) general principles of equity (whether applied in a proceeding at law or in equity).

Appears in 4 contracts

Samples: Term Loan Agreement (Community Bankshares Inc /Ga/), Stock Pledge and Security Agreement (Community Bankshares Inc /Ga/), Term Loan Agreement (Community Bankshares Inc /Ga/)

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Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents are when delivered under this Agreement will be, legal, valid, valid and binding obligations of the Borrower, and Borrower enforceable against the Borrower in accordance with their respective terms, except to the extent that such enforcement may be limited by (i) applicable bankruptcy, insolvency, liquidation, reorganization, moratorium or other similar laws affecting creditors' rights generally, and (ii) general principles of equity (whether applied in a proceeding at law or in equity).

Appears in 3 contracts

Samples: Credit and Security Agreement (Comstock Holding Companies, Inc.), Credit Agreement (Allied Capital Corp), Credit Agreement (Allied Capital Corp)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents are when delivered under this Agreement will be, legal, valid, and binding obligations of the Borrower, and enforceable against the Borrower in accordance with their respective terms, except to the extent that such enforcement may be limited by (i) applicable bankruptcy, insolvency, liquidation, reorganization, moratorium or and other similar laws affecting creditors' ’ rights generally, and (ii) general principles of equity (whether applied in a proceeding at law or in equity).

Appears in 2 contracts

Samples: Loan and Security Agreement (Smith & Wesson Holding Corp), Loan Agreement (Mestek Inc)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents are when delivered under this Agreement will be, a legal, valid, valid and binding obligations obligation of the BorrowerBorrower and each other Person party thereto, and enforceable against the Borrower them in accordance with their respective terms, except to the extent that such enforcement may be limited by (i) applicable bankruptcy, insolvency, liquidation, reorganization, moratorium or insolvency and other similar laws affecting creditors' rights generally, and (ii) general generally or by principles of equity (whether applied in a proceeding at law or in equity)pertaining to the availability of equitable remedies.

Appears in 2 contracts

Samples: Loan and Security Agreement (Brazos Sportswear Inc /De/), Loan and Security Agreement (Brazos Sportswear Inc /De/)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents are is legal, valid, valid and binding obligations of the Borrower, and enforceable against the Borrower in accordance with their respective terms, its terms and conditions hereof except to the extent that such enforcement may be limited by (i) applicable bankruptcy, bankruptcy or insolvency, liquidation, reorganization, moratorium or other similar laws affecting creditors' rights generally, and (ii) general principles of equity (whether applied in a proceeding at law or in equity).

Appears in 2 contracts

Samples: Term Loan Agreement (Tiens Biotech Group Usa Inc), Term Loan Agreement (Tiens Biotech Group Usa Inc)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents are when delivered under this Agreement will be, a legal, valid, valid and binding obligations obligation of the BorrowerBorrower and Guarantors, and enforceable against the Borrower them in accordance with their its respective terms, except to the extent that such enforcement enforceability may be limited by (i) applicable bankruptcy, insolvency, liquidation, reorganization, moratorium insolvency or other similar others laws affecting creditors' the enforcement of creditor's rights generally, and (ii) general principles generally or the availability of equity (whether applied in a proceeding at law or in equity)equitable remedies subject to the discretion of the court.

Appears in 2 contracts

Samples: Loan Agreement (McSi Inc), Loan Agreement (Zengine Inc)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents are when delivered under this Agreement will be, a legal, valid, valid and binding obligations obligation of the each Borrower, and enforceable against the Borrower it in accordance with their its respective terms, except to the extent that such enforcement may be limited by (i) applicable bankruptcy, insolvency, liquidation, reorganization, moratorium insolvency or other similar laws affecting creditors' rights generally, and (ii) general generally or by principles of equity (whether applied in a proceeding at law or in equity)pertaining to the availability of equitable remedies.

Appears in 2 contracts

Samples: Loan and Security Agreement (Advanced Technical Products Inc), Loan and Security Agreement (Advanced Technical Products Inc)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents are when executed and delivered will be, legal, valid, and binding obligations of the Borrower, and enforceable against the Borrower in accordance with their respective terms, except to the extent that such enforcement may be limited by (i) applicable bankruptcy, insolvency, liquidation, reorganization, moratorium or and other similar laws affecting creditors' rights generally, and (ii) general principles of equity (whether applied in a proceeding at law or in equity).

Appears in 2 contracts

Samples: Loan Agreement (Qep Co Inc), Loan Agreement (Qep Co Inc)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents are when delivered under this Agreement will be legal, valid, and binding obligations of the BorrowerBorrower or the Guarantor or the Subsidiary, and as the case may be, enforceable against the Borrower or each Guarantor or each Subsidiary, as the case may be, in accordance with their respective terms, except to the extent that such enforcement may be limited by (i) applicable bankruptcy, insolvency, liquidation, reorganization, moratorium or and other similar laws affecting creditors' rights generally, and (ii) general principles of equity (whether applied in a proceeding at law or in equity).

Appears in 1 contract

Samples: Term Loan Agreement (Carey International Inc)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents are when delivered under this Agreement will be legal, valid, and binding obligations of the Borrower, and Borrower enforceable against the Borrower in accordance with their respective terms, except to the extent that such enforcement may be limited by (i) applicable bankruptcy, insolvency, liquidation, reorganization, moratorium or and other similar laws affecting creditors' rights generally, and (ii) general principles of equity (whether applied in a proceeding at law or in equity).

Appears in 1 contract

Samples: Agented Revolving Credit Agreement (Crown Group Inc /Tx/)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents are when delivered under this Agreement will be, a legal, valid, valid and binding obligations obligation of the Borrower, and Borrower enforceable against the Borrower it in accordance with their its respective terms, except to the extent that such enforcement enforceability may be limited by (i) applicable bankruptcy, insolvency, liquidation, reorganization, moratorium insolvency or other similar others laws affecting creditors' the enforcement of creditor's rights generally, and (ii) general principles generally or the availability of equity (whether applied in a proceeding at law or in equity)equitable remedies subject to the discretion of the court.

Appears in 1 contract

Samples: Loan and Security Agreement (McSi Inc)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents are when delivered under this Agreement will be, legal, valid, and binding obligations of the Borrower, and enforceable against the Borrower in accordance with their respective terms, except to the extent that such enforcement may be limited by (i) applicable bankruptcy, insolvency, liquidation, reorganization, moratorium or and other similar laws affecting creditors' rights generally, and (ii) general principles of equity (whether applied in a proceeding at law or in equity).

Appears in 1 contract

Samples: Loan Agreement (Smith & Wesson Holding Corp)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents are when delivered under this Agreement will be, a legal, valid, valid and binding obligations obligation of the Borrower, and each Loan Party enforceable against the Borrower it in accordance with their its respective termsterms (subject, except as to the extent that such enforcement may be limited by (i) applicable enforcement, to general principles of equity, and to bankruptcy, insolvency, liquidation, reorganization, moratorium or other insolvency and similar laws rights affecting creditors' rights generally, and (ii) general principles of equity (whether applied in a proceeding at law or in equity).

Appears in 1 contract

Samples: Loan and Security Agreement (Ramsay Health Care Inc)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents are will be, legal, valid, and binding obligations of the Borrower, and Borrower enforceable against the Borrower in accordance with their respective terms, except to the extent that such enforcement may be limited by (i) applicable bankruptcy, insolvency, liquidation, reorganization, moratorium or and other similar laws affecting creditors' rights generally, generally and (ii) by general principles of equity (whether applied in a proceeding at law or in equity).

Appears in 1 contract

Samples: Credit Agreement (Midway Games Inc)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents are when delivered under this Agreement will be, legal, valid, and binding obligations of the Borrower, and enforceable against the Borrower in accordance with their respective terms, except to the extent that such enforcement may be limited by (i) applicable bankruptcy, insolvency, liquidation, reorganization, moratorium or and other similar laws affecting creditors' rights generally, and (ii) general principles of equity (whether applied in a proceeding at law or in equity).

Appears in 1 contract

Samples: Credit Agreement (Hittite Microwave Corp)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents are when delivered under this Agreement will be, legal, valid, and binding obligations obligation of the Borrower, and enforceable against the Borrower in accordance with their respective termsBorrower, except to the extent that such enforcement may be limited by (i) applicable bankruptcy, insolvency, liquidation, reorganization, moratorium or and other similar laws affecting creditors' rights generally, and (ii) general principles of equity (whether applied in a proceeding at law or in equity).

Appears in 1 contract

Samples: Loan Agreement (Multimedia Access Corp)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents are when delivered under this Agreement will be, a legal, valid, valid and binding obligations obligation of the Borrowereach Borrower and each of its Subsidiaries party thereto, and enforceable against the Borrower it in accordance with their its respective terms, except terms subject to the extent that such enforcement may be limited by (i) applicable bankruptcy, insolvency, liquidation, reorganization, moratorium or moratorium, fraudulent conveyance and other similar laws affecting creditors' rights generally, and (ii) subject to general principles of equity (equity, regardless of whether applied considered in a proceeding in equity or at law or in equity)law.

Appears in 1 contract

Samples: Loan and Security Agreement (Jacuzzi Brands Inc)

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Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents are when delivered under this Agreement will be, legal, valid, and binding obligations of the BorrowerBorrower and the Restricted Subsidiaries, as the case may be, and enforceable against the Borrower or the Restricted Subsidiaries, as the case may be, in accordance with their respective terms, except to the extent that such enforcement may be limited by (i) applicable bankruptcy, insolvency, liquidation, reorganization, moratorium or and other similar laws affecting creditors' rights generally, and (ii) general principles of equity (whether applied in a proceeding at law or in equity).

Appears in 1 contract

Samples: Revolving Credit Agreement (Verasun Energy Corp)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents are when delivered under this Agreement will be, legal, valid, and binding obligations of the Borrower, and enforceable against the Borrower Borrower, , as the case may be, in accordance with their respective terms, except to the extent that such enforcement may be limited by (i) applicable bankruptcy, insolvency, liquidation, reorganization, moratorium or and other similar laws affecting creditors' rights generally, and (ii) generally subject in all instances to general principles of equity (whether applied in a proceeding at law or in equity)equitable principles.

Appears in 1 contract

Samples: Credit Agreement (Qc Optics Inc)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents are when delivered under this Agreement will be, a legal, valid, valid and binding obligations obligation of the Borrowereach of Borrower and each of their respective Subsidiaries party thereto, and enforceable against the Borrower it in accordance with their its respective terms, except subject to the extent that such enforcement may be limited by (i) applicable effect of bankruptcy, insolvency, liquidation, reorganization, moratorium or insolvency and other similar laws affecting creditors' the rights and remedies of creditors generally, and (ii) general principles of equity (whether applied in a proceeding at law or in equity).

Appears in 1 contract

Samples: Loan and Security Agreement (Vista 2000 Inc)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents are when delivered under this Agreement will be, a legal, valid, valid and binding obligations obligation of the Borrower, each of Borrower and its Subsidiaries signatories thereto enforceable against the Borrower them in accordance with their the respective termsterms of such Loan Documents, except to as the extent that such enforcement enforceability thereof may be limited by (i) applicable bankruptcy, insolvency, liquidation, reorganization, moratorium insolvency or other similar laws of general application affecting the enforcement of creditors' rights generally, and (ii) general principles of equity (whether applied in a proceeding at law or in equity).

Appears in 1 contract

Samples: Loan and Security Agreement (Metromedia International Group Inc)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents are other than the Guaranties when delivered under this Agreement will be, legal, valid, and binding obligations of the Borrower, and enforceable against the Borrower Borrower, in accordance with their respective terms, except to the extent that such enforcement may be limited by (i) applicable bankruptcy, insolvency, liquidation, reorganization, moratorium or and other similar laws affecting creditors' rights generally, and (ii) general principles of equity (whether applied in a proceeding at law or in equity).

Appears in 1 contract

Samples: Credit Agreement (Jore Corp)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents are when delivered under this Agreement will be, a legal, valid, valid and binding obligations obligation of the BorrowerBorrower and each of its Subsidiaries party thereto, and enforceable against the Borrower it in accordance with their its respective terms, except to the extent that such enforcement as may be limited by (i) applicable bankruptcy, insolvency, liquidation, reorganization, moratorium insolvency or other similar laws affecting creditors' the enforcement of creditor's rights generally, and (ii) general principles of equity (whether applied in a proceeding at law or in equity).

Appears in 1 contract

Samples: Loan and Security Agreement (Color Spot Nurseries Inc)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents are when delivered under this Agreement will be, legal, valid, and binding obligations of the Borrower, and Borrower enforceable against the Borrower Borrower, as the case may be, in accordance with their respective terms, except to the extent that such enforcement may be limited by (i) applicable bankruptcy, insolvency, liquidation, reorganization, moratorium or and other similar laws affecting creditors' rights generally, and (ii) general principles of equity (whether applied in a proceeding at law or in equity).

Appears in 1 contract

Samples: Revolving Credit Agreement (Artistic Greetings Inc)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents are legal, valid, duly and binding obligations properly executed and delivered by the Borrower for value received and constitute the valid Obligations of the Borrower, legally binding upon and enforceable against the Borrower in accordance with their respective its terms, except not subject to any defense based upon usury, capacity of the Borrower or, to the extent that such enforcement best of the Borrowers knowledge, other defense, except as may be subsequently limited by (i) applicable bankruptcy, insolvency, liquidation, reorganization, moratorium or and other similar laws affecting the enforcement of creditors' ’ rights generally, and (ii) general principles of equity (whether applied in a proceeding at law or in equity).

Appears in 1 contract

Samples: Support Agreement

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents are when delivered under this Agreement will be, a legal, valid, valid and binding obligations obligation of the Borrower, and Borrowers enforceable against the Borrower it in accordance with their its respective terms, except to the extent that such enforcement enforceability may be limited by (i) applicable bankruptcy, insolvency, liquidation, reorganization, moratorium insolvency or other similar others laws affecting creditors' the enforcement of creditor's rights generally, and (ii) general principles generally or the availability of equity (whether applied in a proceeding at law or in equity)equitable remedies subject to the discretion of the court.

Appears in 1 contract

Samples: Loan Agreement (McSi Inc)

Legally Enforceable Agreement. This Agreement is, and each of the other Loan Documents are when delivered under this Agreement will be, the legal, valid, and binding obligations obligation of the Borrower, and enforceable against the Borrower in accordance with their respective terms, except to the extent that as such enforcement may be limited by (i) applicable bankruptcy, insolvency, liquidation, reorganization, moratorium or and other similar laws affecting creditors' rights generally, and (ii) general principles of equity (whether applied in a proceeding at law or in equity).

Appears in 1 contract

Samples: Credit Agreement (Unitel Video Inc/De)

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