Common use of Valid and Binding Obligations Clause in Contracts

Valid and Binding Obligations. All Loan Documents, when duly executed and delivered by the Borrower, will be the legal, valid, and binding obligations of the Borrower, enforceable against the Borrower in accordance with their respective terms.

Appears in 12 contracts

Samples: Credit Agreement (Rocky Mountain Energy Corp), Credit Agreement (Middle Bay Oil Co Inc), Credit Agreement (Edge Petroleum Corp)

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Valid and Binding Obligations. All Loan Documents, when duly executed and delivered by the Borrower, will be the legal, valid, and binding obligations of the Borrower, enforceable against the Borrower in accordance with their respective termsterms except as enforceability may be limited by applicable bankruptcy, insolvency, or similar laws affecting the enforcement of creditors’ rights generally or by equitable principles relative to enforceability.

Appears in 3 contracts

Samples: Credit Agreement (Primeenergy Corp), Credit Agreement (Primeenergy Corp), Credit Agreement (Primeenergy Corp)

Valid and Binding Obligations. All Loan Documents, when duly executed and delivered by the Borrower, will be the legal, valid, and binding obligations of the Borrower, enforceable against the Borrower in accordance with their respective termsterms except as enforceability may be limited by applicable bankruptcy, insolvency, or similar laws affecting the enforcement of creditors' rights generally or by equitable principles relative to enforceability.

Appears in 2 contracts

Samples: Credit Agreement (Primeenergy Corp), Credit Agreement (Primeenergy Corp)

Valid and Binding Obligations. All of the Loan Documents, when duly executed and delivered by the Borrower, will be the legal, valid, valid and binding obligations of the Borrower, Borrower enforceable against the Borrower by the Bank in accordance with their respective terms, except as limited by equitable principles and applicable liquidation, conservatorship, bankruptcy, moratorium, arrangement, receivership, insolvency, reorganization or similar laws from time-to-time affecting the rights of creditors generally.

Appears in 2 contracts

Samples: Loan Agreement (Windsor Energy Resources, Inc.), Loan Agreement (Windsor Energy Resources, Inc.)

Valid and Binding Obligations. All of the Loan Documents, when duly ----------------------------- executed and delivered by the Borrower, will be the legal, valid, valid and binding obligations of the Borrower, enforceable against the Borrower by the Bank in accordance with their respective terms, except as limited by equitable principles and applicable liquidation, conservatorship, bankruptcy, moratorium, arrangement, receivership, insolvency, reorganization or similar laws from time- to-time affecting the rights of creditors generally.

Appears in 1 contract

Samples: Credit Agreement (Cmi Corp)

Valid and Binding Obligations. All of the Loan Documents, when duly executed and delivered by the BorrowerBorrowers, will be the legal, valid, valid and binding obligations of the BorrowerBorrowers, enforceable against each Borrower by the Borrower Lender in accordance with their respective terms, except as limited by equitable principals and applicable liquidation, conservatorship, bankruptcy, moratorium, arrangement, receivership, insolvency, reorganization or similar laws from time-to-time affecting the rights of creditors generally.

Appears in 1 contract

Samples: Credit Agreement (Pontotoc Production Inc)

Valid and Binding Obligations. All Loan Documents, when duly ----------------------------- executed and delivered by the BorrowerBorrower and Guarantor, will be the legal, valid, and binding obligations of the BorrowerBorrower and Guarantor, enforceable against the Borrower and Guarantor in accordance with their respective terms.

Appears in 1 contract

Samples: Credit Agreement (Pendaries Petroleum LTD)

Valid and Binding Obligations. All Loan Documents, when duly executed and delivered by the BorrowerBorrowers, will be the legal, valid, valid and binding obligations of the BorrowerBorrowers, enforceable against the Borrower Borrowers in accordance with their respective terms.

Appears in 1 contract

Samples: Credit Agreement (Alamco Inc)

Valid and Binding Obligations. All of the Loan Documents, when duly executed and delivered by the Borrower, will be the legal, valid, valid and binding obligations of the Borrower, enforceable against Borrower by the Borrower Lender in accordance with their respective terms, except as limited by equitable principals and applicable liquidation, conservatorship, bankruptcy, moratorium, arrangement, receivership, insolvency, reorganization or similar laws from time-to-time affecting the rights of creditors generally.

Appears in 1 contract

Samples: Credit Agreement (Fortune Natural Resources Corp)

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Valid and Binding Obligations. All of the Loan Documents, when duly executed and delivered by the Borrower, Borrower will be the legal, valid, valid and binding obligations of the Borrower, Borrower enforceable against the Borrower by the Bank in accordance with their the respective terms, except as limited by equitable principles and applicable liquidation, conservatorship, bankruptcy, moratorium, arrangement, receivership, insolvency, reorganization or similar laws from time-to-time affecting the rights of creditors generally.

Appears in 1 contract

Samples: Loan Agreement (Hiland Holdings GP, LP)

Valid and Binding Obligations. All of the Loan Documents, when duly ----------------------------- executed and delivered by the Borrower, will be the legal, valid, valid and binding obligations of the Borrower, enforceable against the Borrower by the Banks in accordance with their respective terms, except as limited by equitable principles and applicable liquidation, conservatorship, bankruptcy, moratorium, arrangement, receivership, insolvency, reorganization or similar laws from time- to-time affecting the rights of creditors generally.

Appears in 1 contract

Samples: Credit Agreement (Cmi Corp)

Valid and Binding Obligations. All Loan Documents, Documents when duly executed and delivered by the Borrower, will be the legal, valid, and binding obligations of the Borrower, enforceable against the Borrower in accordance with their respective terms, except as may be limited by bankruptcy, insolvency and other similar laws or judicial decisions affecting creditors' rights generally and by general equitable principals.

Appears in 1 contract

Samples: Credit Agreement (Sheridan Energy Inc)

Valid and Binding Obligations. All of the Loan Documents, when duly ----------------------------- executed and delivered by the Borrower, will be the legal, valid, valid and binding obligations of the Borrower, enforceable against Borrower by the Borrower Lender in accordance with their respective terms, except as limited by equitable principals and applicable liquidation, conservatorship, bankruptcy, moratorium, arrangement, receivership, insolvency, reorganization or similar laws from time to time affecting the rights of creditors generally.

Appears in 1 contract

Samples: Credit Agreement (Canaan Energy Corp)

Valid and Binding Obligations. All Loan Documents, when duly ----------------------------- executed and delivered by the Borrower, will be the legal, valid, and binding obligations of the Borrower, enforceable against the Borrower in accordance with their respective termsterms except as enforceability may be limited by applicable bankruptcy, insolvency, or similar laws affecting the enforcement of creditors' rights generally or by equitable principles relative to enforceability.

Appears in 1 contract

Samples: Credit Agreement (Sheridan Energy Inc)

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