Common use of Valid Obligations Clause in Contracts

Valid Obligations. The Loan Documents represent legal, valid and binding obligations of it and are fully enforceable according to their terms, except as limited by laws relating to the enforcement of creditors' rights.

Appears in 2 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Natural Alternatives International Inc)

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Valid Obligations. The Loan Documents represent legal, valid and binding obligations of it Borrower and are fully enforceable according to their terms, except as limited by laws relating to the enforcement of creditors' rights.

Appears in 2 contracts

Samples: Loan Agreement (Moixa Iii, Inc.), Loan Agreement (Moixa Iii, Inc.)

Valid Obligations. The Loan Documents represent are legal, valid and binding obligations of it and are fully such Borrower, enforceable according to in accordance with their terms, terms (except as enforcement may be limited by equitable principles and by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to the enforcement of creditors' rightsrights generally).

Appears in 1 contract

Samples: And Security Agreement (Arcadia Resources, Inc)

Valid Obligations. The Loan Documents represent are legal, valid and binding obligations of it Borrower and are fully the Guarantors, as applicable, enforceable according to in accordance with their terms, terms (except as enforcement may be limited by equitable principles and by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to the enforcement of creditors' rights.rights generally)

Appears in 1 contract

Samples: Loan Agreement (Ascendant Solutions Inc)

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Valid Obligations. The Loan Documents represent and all of their terms and provisions are the legal, valid and binding obligations of it and are fully the Borrower, enforceable according to in accordance with their terms, terms except as limited by bankruptcy, insolvency, reorganization, moratorium or other laws relating to affecting the enforcement of creditors' rightsrights generally, and except as the remedy of specific performance or of injunctive relief is subject to the discretion of the court before which any proceeding therefor may be brought.

Appears in 1 contract

Samples: Loan Agreement (Sysorex Global Holdings Corp.)

Valid Obligations. The Term Loan Documents represent are legal, valid and binding obligations of it Borrower and are fully the Guarantors, as applicable, enforceable according to in accordance with their terms, terms (except as enforcement may be limited by equitable principles and by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to the enforcement of creditors' rightsrights generally).

Appears in 1 contract

Samples: Loan Agreement (Greenhill & Co Inc)

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