Obligations are Enforceable. Each of this Agreement and the Guarantee Agreement have been duly authorized by all necessary action on the part of the Company and each of the Guarantors, as the case may be, and has been executed and delivered by one or more duly authorized officers of the Company and each of the Guarantors party thereto, and each constitutes a legal, valid and binding obligation of the Company and each of the Guarantors party thereto, enforceable in accordance with its terms, except that such enforceability may be: (i) limited by applicable bankruptcy, reorganization, arrangement, insolvency, moratorium or other similar laws affecting the enforceability of creditors' rights generally; and (ii) subject to the availability of equitable remedies.
Appears in 2 contracts
Sources: Note Agreement (Castle a M & Co), Note Agreement (Castle a M & Co)