Common use of Legally Enforceable Agreements Clause in Contracts

Legally Enforceable Agreements. Each Facility Document to which the Borrower is a party is, or when delivered under this Agreement will be, a legal, valid and binding obligation of the Borrower enforceable against the Borrower in accordance with its terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency and other similar laws affecting creditors' rights generally.

Appears in 4 contracts

Samples: Credit Agreement (Conmed Corp), Credit Agreement (First Aviation Services Inc), Credit Agreement (Conmed Corp)

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Legally Enforceable Agreements. Each Facility Document to which the Borrower is a party is, or when delivered under this Agreement will be, a legal, valid and binding obligation of the Borrower enforceable against the Borrower in accordance with its terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency and other similar laws affecting creditors' rights generally.

Appears in 3 contracts

Samples: Credit Agreement (Seneca Foods Corp /Ny/), Credit Agreement (Seneca Foods Corp /Ny/), Credit Agreement (Frontier Corp /Ny/)

Legally Enforceable Agreements. Each Facility Document to which the any Borrower is a party is, or when delivered under this Agreement will be, a legal, valid and binding obligation of the such Borrower enforceable against the such Borrower in accordance with its terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency and other similar laws affecting creditors' rights generally.

Appears in 3 contracts

Samples: Credit Agreement (Cannondale Corp /), Credit Agreement (Amscan Holdings Inc), Credit Agreement (Cannondale Corp /)

Legally Enforceable Agreements. Each Facility Document to which the Borrower or any Subsidiary of the Borrower is a party is, or when delivered under this Agreement will be, a legal, valid and binding obligation of the Borrower or such Subsidiary, as the case may be, enforceable against the Borrower or such Subsidiary, as the case may be, in accordance with its respective terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency and other similar laws affecting creditors' rights generally.

Appears in 2 contracts

Samples: Credit Agreement (MSC Industrial Direct Co Inc), Credit Agreement (MSC Industrial Direct Co Inc)

Legally Enforceable Agreements. Each Facility Document to which the such Borrower is a party is, or when delivered under this Agreement will be, a legal, valid and binding obligation of the such Borrower enforceable against the such Borrower in accordance with its terms, except to the extent that such enforcement may be limited by (a) applicable bankruptcy, insolvency and other similar laws affecting creditors' rights generally, or (b) the application of general principles of equity (regardless of whether considered in a proceeding in equity or at law).

Appears in 2 contracts

Samples: Credit Agreement (Lauder Ronald S), Credit Agreement (Lauder Ronald S)

Legally Enforceable Agreements. Each Facility Document to which any Borrower or the Borrower Parent is a party is, or when delivered under this Agreement will be, is a legal, valid and binding obligation of such Borrower or the Borrower Parent (as the case may be) enforceable against such Borrower or the Borrower Parent (as the case may be) in accordance with its terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency insolvency, reorganization, moratorium and other similar laws affecting creditors' rights generallygenerally and by general principles of equity (regardless of whether enforcement is sought in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (Movado Group Inc)

Legally Enforceable Agreements. Each Facility Document to ------------------------------ which the Borrower is a party is, or when delivered under this Agreement will be, a legal, valid and binding obligation of the Borrower enforceable against the Borrower in accordance with its terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency and other similar laws affecting creditors' rights generally.

Appears in 1 contract

Samples: Credit Agreement (Mercator Software Inc)

Legally Enforceable Agreements. Each Facility Document to which the Borrower is a party is, or when delivered under this Agreement will be, a legal, valid and binding obligation of the Borrower enforceable against the Borrower in accordance with its terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency and other similar laws affecting creditors' rights generally.in

Appears in 1 contract

Samples: Credit Agreement (Transact Technologies Inc)

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Legally Enforceable Agreements. Each Facility Document to which the Borrower is a party is, or when such is delivered under this Agreement will be, a legal, valid and binding obligation of the Borrower enforceable against the Borrower in accordance with its terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency and other similar laws affecting creditors' rights generally.

Appears in 1 contract

Samples: Credit Agreement (Sturm Ruger & Co Inc)

Legally Enforceable Agreements. Each Facility Document to which any of the Borrower Borrowers is a party is, or when delivered under this Agreement will be, a legal, valid and binding obligation of the such Borrower enforceable against the such Borrower in accordance with its material terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency and other similar laws affecting creditors' rights generally.

Appears in 1 contract

Samples: Credit Agreement (Farrel Corp)

Legally Enforceable Agreements. Each Facility Document to which the Borrower is a party is, or when such is delivered under this Agreement will be, a legal, valid and binding obligation of the Borrower enforceable against the Borrower in accordance with its terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency and other similar laws affecting creditors' rights generally. Section 5.4.

Appears in 1 contract

Samples: Credit Agreement

Legally Enforceable Agreements. Each Facility Document to which the Borrower is a party is, or when delivered under this Agreement will be, a legal, valid and binding obligation of the Borrower enforceable against the Borrower in accordance with its terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency and other similar laws affecting creditors' rights generallygenerally and by equitable principles relating to availability of equitable remedies.

Appears in 1 contract

Samples: Credit Agreement (Nfo Worldwide Inc)

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