Common use of Valid and Binding Obligations Clause in Contracts

Valid and Binding Obligations. All Loan Documents to which the Borrower is a party, 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 4 contracts

Samples: Credit Agreement (Exploration Co of Delaware Inc), Credit Agreement (Harken Energy Corp), Credit Agreement (Harken Energy Corp)

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Valid and Binding Obligations. All Loan Documents to which the Borrower is a party, when duly executed and delivered by the Borrower, will be the legal, valid, and binding obligations of the Borrowersuch entity, enforceable against the Borrower in accordance with their respective terms, subject, however, to the effect of bankruptcy, insolvency, reorganization, moratorium, and similar laws from time to time in effect relating to the rights and remedies of creditors and to general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).

Appears in 4 contracts

Samples: Credit Agreement (Goodrich Petroleum Corp), Credit Agreement (Goodrich Petroleum Corp), Credit Agreement (Goodrich Petroleum Corp)

Valid and Binding Obligations. All Loan Documents to which the each Borrower is a party, when duly executed and delivered by the such Borrower, will be the legal, valid, and binding obligations of the Borrower, enforceable against the such Borrower in accordance with their its respective termsterms except as limited by bankruptcy, insolvency or similar laws affecting generally the rights of creditors and general principles of equity, whether applied by a court of law or equity.

Appears in 3 contracts

Samples: Stock Pledge Agreement (KCS Energy Inc), Credit Agreement (KCS Energy Inc), Credit Agreement (KCS Energy Inc)

Valid and Binding Obligations. All Loan Documents to which any of the Borrower Borrowers is a party, when duly executed and delivered by the relevant Borrower, will be constitute the legal, valid, valid and binding obligations of the Borrower, relevant Borrower enforceable against the such Borrower in accordance with their respective terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.

Appears in 2 contracts

Samples: Term Loan Agreement (Royale Energy Holdings, Inc.), Term Loan Agreement (Royale Energy Holdings, Inc.)

Valid and Binding Obligations. All Loan Each of the Facility Documents to which the Borrower is a party, when duly executed and delivered by the Borrower, will be constitute the legal, valid, valid and binding obligations of the Borrower, enforceable against the Borrower Borrower, in accordance with their respective terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and general equitable principles (regardless of whether enforcement is sought in a proceeding in equity or at law).

Appears in 1 contract

Samples: Loan and Security Agreement (Offerpad Solutions Inc.)

Valid and Binding Obligations. All Loan Documents to which the each Borrower is a party, when duly executed and delivered by the such Borrower, will be the legal, valid, and binding obligations of the such Borrower, enforceable against the such Borrower in accordance with their its respective termsterms except as limited by bankruptcy, insolvency or similar laws affecting generally the rights of creditors and general principles of equity, whether applied by a court of law or equity.

Appears in 1 contract

Samples: Credit Agreement (KCS Energy Inc)

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

Appears in 1 contract

Samples: Credit Agreement (United Heritage Corp)

Valid and Binding Obligations. All Loan Documents to which the a Borrower is a party, when duly executed and delivered by the relevant Borrower, will be constitute the legal, valid, valid and binding obligations of the Borrower, relevant Borrower enforceable against the such Borrower in accordance with their respective terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.

Appears in 1 contract

Samples: Term Loan Agreement (Viking Energy Group, Inc.)

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

Appears in 1 contract

Samples: Credit Agreement (NiMin Energy Corp.)

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