Common use of Legally Enforceable Agreements Clause in Contracts

Legally Enforceable Agreements. Each Facility Document is, or when delivered under this Agreement will be, a legal, valid and binding obligation of the Borrower and each Guarantor (if such entity or Person is a party thereto) enforceable against such entities or Person in accordance with its terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency, fraudulent conveyance and other similar laws affecting creditors' rights generally or by the effect of general principles of equity which may limit the availability of equitable remedies (whether in a proceeding at law or in equity).

Appears in 3 contracts

Samples: Credit Agreement (United Capital Corp /De/), Security Agreement (United Capital Corp /De/), Credit Agreement (United Capital Corp /De/)

AutoNDA by SimpleDocs

Legally Enforceable Agreements. Each Facility Document is, or when delivered under this Agreement will be, a legal, valid and binding obligation of the Borrower Borrowers, each Guarantor and each Guarantor (if such entity or Person is a party thereto) Security Document Party, enforceable against the Borrowers, each Guarantor and each such entities or Person Security Document Party, in accordance with its terms, except to the extent that such enforcement enforceability may be limited subject to limitations imposed by general principles of equity or applicable bankruptcy, insolvency, fraudulent conveyance insolvency and other similar laws affecting creditors' rights generally or by the effect of general principles of equity which may limit the availability of equitable remedies (whether in a proceeding at law or in equity)generally.

Appears in 2 contracts

Samples: Credit Agreement (Computer Task Group Inc), Credit and Security Agreement (Option Care Inc/De)

Legally Enforceable Agreements. Each Facility Document is, or when delivered under this Agreement will be, a legal, valid and binding obligation of the each Co-Borrower and each Guarantor (if such entity or Person is a party thereto) enforceable against such entities or Person in accordance with its terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency, fraudulent conveyance insolvency and other similar laws affecting creditors' rights generally or by the effect of general principles of equity which may limit the availability of equitable remedies (whether in a proceeding at law or in equity).

Appears in 1 contract

Samples: Revolving Credit Agreement (Comforce Corp)

Legally Enforceable Agreements. Each Facility Document is, ------------------------------ or when delivered under this Agreement will be, a legal, valid and binding obligation of the Borrower and each Guarantor (if such entity or Person is a party thereto) the Subsidiary Guarantor, enforceable against such entities or Person the Borrower and the Subsidiary Guarantor, in accordance with its terms, except to the extent that such enforcement enforceability may be limited subject to limitations imposed by general principles of equity or applicable bankruptcy, insolvency, fraudulent conveyance insolvency and other similar laws affecting creditors' rights generally or by the effect of general principles of equity which may limit the availability of equitable remedies (whether in a proceeding at law or in equity)generally.

Appears in 1 contract

Samples: Credit Agreement (Act Manufacturing Inc)

Legally Enforceable Agreements. Each Facility Document is, or when delivered under this Agreement will be, a legal, valid and binding obligation of the Borrower and each Guarantor (if such entity or Person is a party thereto) enforceable against such entities or Person in accordance with its terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency, fraudulent conveyance insolvency and other similar laws affecting creditors' rights generally or by the effect of general principles of equity which may limit the availability of equitable remedies (whether in a proceeding at law or in equity).

Appears in 1 contract

Samples: Revolving Credit Agreement (Standard Funding Corp)

AutoNDA by SimpleDocs

Legally Enforceable Agreements. Each Facility Document is, or when delivered under this Agreement will be, a legal, valid and binding obligation of the Borrower and each Guarantor (if such entity or Person is a party thereto) enforceable against such entities or Person in accordance with its terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency, fraudulent conveyance reorganization and other similar laws affecting creditors' rights generally or by the effect of general principles of equity which may limit the availability of equitable remedies (whether in a proceeding at law or in equity).

Appears in 1 contract

Samples: Credit Agreement (Technology Flavors & Fragrances Inc)

Legally Enforceable Agreements. Each Facility Document is, or when delivered under this Agreement will be, a legal, valid and binding obligation of the Borrower and each Guarantor (if such entity or Person is a party thereto) the Guarantor, as the case may be, enforceable against such entities the Borrower or Person the Guarantor in accordance with its terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency, fraudulent conveyance insolvency and other similar laws affecting creditors' rights generally or by the effect of general principles of equity which may limit the availability of equitable remedies (whether in a proceeding at law or in equity)generally.

Appears in 1 contract

Samples: Credit Agreement (Performance Technologies Inc \De\)

Legally Enforceable Agreements. Each Facility Document is, or when delivered under this Agreement will be, a legal, valid and binding obligation of the Borrower and each Guarantor (if such entity or Person is a party thereto) enforceable against such entities or Person in accordance with its terms, except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency, fraudulent conveyance insolvency and other similar laws affecting creditors' rights generally or by the effect of general principles of equity which may limit the availability of equitable remedies (whether in a proceeding at law or in equity).

Appears in 1 contract

Samples: Revolving Credit Agreement (Schein Henry Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.