Common use of Validity and Binding Effect Clause in Contracts

Validity and Binding Effect. This Amendment constitutes the valid and binding obligations of the Borrower enforceable in accordance with its terms, except as the enforceability thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditor’s rights generally, and subject to general principles of equity, regardless of whether considered in a proceeding in equity or law.

Appears in 22 contracts

Samples: Credit Agreement (Northern Oil & Gas, Inc.), Credit Agreement (Northern Oil & Gas, Inc.), Credit Agreement (Northern Oil & Gas, Inc.)

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Validity and Binding Effect. This Amendment constitutes the valid and binding obligations of the Borrower enforceable in accordance with its terms, except as the enforceability thereof may be limited by bankruptcy, insolvency, reorganization, moratorium insolvency or similar laws affecting creditor’s creditors’ rights generally, and subject to general the availability of equitable remedies may be limited by equitable principles of equity, regardless of whether considered in a proceeding in equity or lawgeneral application.

Appears in 1 contract

Samples: Credit Agreement (Par Petroleum Corp/Co)

Validity and Binding Effect. This Amendment has been duly executed and delivered by the Borrower. This Amendment constitutes the a legal, valid and binding obligations obligation of the Borrower Borrower, enforceable against it in accordance with its terms, except (a) as the such enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditor’s the enforcement of creditors’ rights generally, generally and subject to general (b) that rights of acceleration and the availability of equitable remedies may be limited by equitable principles of equity, general applicability (regardless of whether considered in a proceeding enforcement is sought by proceedings in equity or at law).

Appears in 1 contract

Samples: Credit Agreement (Amag Pharmaceuticals Inc.)

Validity and Binding Effect. This Amendment constitutes the valid and --------------------------- binding obligations of the each Borrower enforceable in accordance with its terms, except as (a) the enforceability thereof may be limited by bankruptcy, insolvency, reorganization, moratorium insolvency or similar laws affecting creditor’s 's rights generally, and subject to general (b) the availability of equitable remedies may be limited by equitable principles of equity, regardless of whether considered in a proceeding in equity or lawgeneral application.

Appears in 1 contract

Samples: Credit Agreement (American Rivers Oil Co /De/)

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Validity and Binding Effect. This Amendment constitutes the valid and binding obligations of the Borrower Borrowers enforceable in accordance with its their respective terms, except as the enforceability thereof may be limited by bankruptcy, insolvency, reorganization, moratorium insolvency or similar laws affecting creditor’s creditors’ rights generally, and subject to general the availability of equitable remedies may be limited by equitable principles of equity, regardless of whether considered in a proceeding in equity or lawgeneral application.

Appears in 1 contract

Samples: Security Agreement (Stewart & Stevenson LLC)

Validity and Binding Effect. This Each of this Amendment and the Amended Credit Agreement constitutes the valid and binding obligations of the Borrower enforceable in accordance with its terms, except as the enforceability thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditor’s rights generally, and subject to general principles of equity, regardless of whether considered in a proceeding in equity or law.

Appears in 1 contract

Samples: Agreement (Southcross Energy Partners, L.P.)

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