Binding Effect of Loan Documents Clause Samples

Binding Effect of Loan Documents. The obligations of Trustor -------------------------------- under the Loan Documents are valid and binding obligations enforceable in accordance with their terms, and this Deed of Trust is and shall remain a valid, binding and enforceable lien on the Property, except to the extent that enforceability may be limited by bankruptcy, insolvency, bank moratorium or similar laws affecting creditors' right in general.

Binding Effect of Loan Documents. Borrowers hereby acknowledge, confirm and agree that: (i) each of the Loan Documents to which any Borrower is a party has been duly executed and delivered to Administrative Agent and Lenders by such Borrower and each is in full force and effect as of the date hereof, (ii) the agreements and obligations of Borrowers contained in such Loan Documents to which any Borrower is a party and in this Agreement constitute the legal, valid and binding Obligations of Borrowers, enforceable against Borrowers in accordance with their respective terms, except as enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or limiting creditors’ rights generally or by equitable principles relating to enforceability, and Borrowers have no valid defense to the enforcement of such Obligations, and (iii) Administrative Agent and Lenders are and shall be entitled to the rights, remedies and benefits provided for in the Loan Documents and pursuant to applicable law, but subject to the terms and conditions of this Agreement.

Binding Effect of Loan Documents. Borrower shall cease to be, or shall assert that it is not, bound by and in accordance with the terms of this Agreement and the Notes; or the guaranty of either Guarantor under Section 10 shall be terminated or otherwise shall cease to be in full force and effect or shall cease to give Lenders the rights, powers and privileges purported to be created thereby, or either Guarantor shall cease to be, or shall assert that it is not, bound by and in accordance with the terms of this Agreement; then, and in any such event, (1) if such event is an Event of Default specified in paragraph (g) above, automatically the Loans (with accrued interest thereon) and all other amounts owing under this Agreement, the Notes and any other Loan Document shall immediately become due and payable, and (b) if such event is any other Event of Default, Administrative Agent may, or upon the request of the Majority Lenders, Administrative Agent shall, by notice of default to Borrower, declare the Loans (with accrued interest thereon) and all other amounts owing under this Agreement, the Notes and any other Loan Document to be due and payable forthwith, whereupon the same shall immediately become due and payable. Except as expressly provided above in this Section, presentment, demand, protest and all other notices of any kind are hereby expressly waived.

Binding Effect of Loan Documents. The Loan Documents shall inure to the benefit of Lender, its assignees, Participants and all future holders of the Obligations or any of the Collateral, and each of their respective successors and assigns. Each Loan Document shall be binding upon the Persons other than Lender that are parties thereto and their respective successors and assigns, and no such Person may assign, delegate or transfer any Loan Document or any of its rights or obligations thereunder without the prior written consent of Lender. No rights are intended to be created under any Loan Document for the benefit of any Person who is not a party to such Loan Document. Nothing contained in any Loan Document shall be construed as a delegation to Lender of any other Person’s duty of performance. ▇▇▇▇▇▇▇▇▇ ACKNOWLEDGE AND AGREE THAT LENDER AT ANY TIME AND FROM TIME TO TIME MAY (I) DIVIDE AND RESTATE ANY NOTE, OR (II) SELL, ASSIGN OR GRANT PARTICIPATING INTERESTS IN OR TRANSFER ALL OR ANY PART OF ITS RIGHTS OR OBLIGATIONS UNDER ANY LOAN DOCUMENT, THE OBLIGATIONS OR THE COLLATERAL TO AN ELIGIBLE ASSIGNEE.

Binding Effect of Loan Documents. Except as limited and/or modified by this Agreement, the Loan Documents shall be deemed to be in full force and effect, including during the Forbearance Period, and all provisions of the Loan Documents relating to the rights and remedies of the Administrative Agent and the Lenders shall continue to be in effect until such time as all Obligations have been finally paid in full in cash and the Credit Agreement has been terminated in accordance with the terms thereof.

Binding Effect of Loan Documents. Each of the Loan Parties hereby acknowledges, confirms, and agrees that (a) each of the Loan Documents has been duly executed and delivered to the Administrative Agent, and each is in full force and effect as of the date hereof; (b) the agreements and obligations of each of the Loan Parties contained in each of the Loan Documents, including, but not limited to, this Agreement and the Guarantee and Collateral Agreement, constitute the legal, valid, and binding obligations of each of the Loan Parties, enforceable against each of the Loan Parties in accordance with their respective terms, except as such enforcement may be limited by bankruptcy, insolvency, or similar Laws of general application relating to the enforcement of creditors’ rights and by general principles of equity, and the Loan Parties otherwise have no valid defense to the enforcement of such obligations, and (c) the Secured Parties are and shall be entitled to the rights, remedies, and benefits provided for in the Loan Documents and under applicable Laws.

Binding Effect of Loan Documents. Each Loan Document constitutes -------------------------------- a legal and binding obligation of, and is valid and enforceable against, Borrower, all other persons (other than Lender) obligated thereunder (if any) and the Property and Improvements (as the case may be) in accordance with the terms thereof (except as such enforceability is limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws, or by equitable principles, applicable to the rights of creditors generally) and is not subject to any defenses or setoffs.

Binding Effect of Loan Documents. Borrowers hereby acknowledge, confirm and agree that: (i) each of the Loan Documents to which any Borrower is a party has been duly executed and delivered to Administrative Agent and Lenders by such Borrower and each is in full force and effect as of the date hereof, (ii) the agreements and obligations of Borrowers contained in such Loan Documents to which any Borrower is a party and in this Agreement constitute the legal, valid and binding Obligations of Borrowers, enforceable against Borrowers in accordance with their respective terms, except as enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or limiting creditors’ rights generally or by equitable principles relating to enforceability, and Borrowers have no valid defense to the enforcement of such Obligations, and

Binding Effect of Loan Documents. Borrower hereby acknowledges, confirms and agrees that: (a) each of the Loan Documents to which Borrower is a party has been duly executed and delivered to Lender by Borrower, and each is in full force and effect as of the date hereof; and (b) the agreements and obligations of Borrower contained in such Loan Documents to which it is a party constitute the legal, valid and binding Obligations of Borrower, and Borrower has no valid defense to the enforcement of such Obligations. Borrower expressly reaffirms its obligations under the Loan Documents to which it is a party, free and clear of all defenses, offsets, counterclaims and adjustments of any kind or nature. Borrower agrees that it shall not dispute the validity or enforceability of the Loan Agreement and other Loan Documents or any of its obligations thereunder, or the validity, perfection, priority, enforceability or extent of Lender’s Lien against any item of Collateral. Borrower has no knowledge of any challenge to Lender’s claims arising under the Loan Documents, or to the effectiveness of the Loan Documents.