Common use of Execution and Delivery; Binding Effect Clause in Contracts

Execution and Delivery; Binding Effect. This Agreement has been, and each other Loan Document to which each Credit Party is a party, when delivered hereunder, will have been, duly executed and delivered by such Credit Party. This Agreement constitutes, and each other Loan Document to which each Credit Party is a party when so delivered will constitute, a legal, valid and binding obligation of such Credit Party, enforceable against such Credit Party in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, receivership, moratorium, the pleas of set-off and counter-claim, the plea of prescription, principle of public policy or other Laws affecting creditors’ rights generally and by general principles of equity.

Execution and Delivery; Binding Effect. This Agreement has been, and each other Loan Document to which each Credit Party is a party, when delivered hereunder, will have been, duly executed and delivered by such Credit Party. This Agreement constitutes, and each other Loan Document to which each Credit Party is a party when so delivered will constitute, a legal, valid and binding obligation of such Credit Party, enforceable against such Credit Party in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, receivership, moratorium, the pleas of set-off and counter-claimcounterclaim, the plea of prescription, principle of public policy or other Laws affecting creditors’ rights generally and by general principles of equity.