Common use of Execution and Delivery and Binding Nature of Loan Documents Clause in Contracts

Execution and Delivery and Binding Nature of Loan Documents. The Loan Documents executed by each Loan Party that is party thereto have been duly executed and delivered by or on behalf of such Loan Party. The Loan Documents are legal, valid, and binding obligations of each Loan Party that is party thereto, enforceable in accordance with their terms against each Loan Party that is party thereto, except as such enforceability may be limited by bankruptcy, insolvency, moratorium, reorganization, or similar laws and by equitable principles of general application.

Appears in 2 contracts

Sources: Credit Agreement (Landsea Homes Corp), Credit Agreement (Landsea Homes Corp)