Valid and Binding Nature. This Agreement, the Bank Note, and the other Transaction Documents are, and the Notes when issued will be, legal, valid, and binding obligations of the Authority enforceable against the Authority in accordance with their respective terms under Applicable Law.
Appears in 2 contracts
Sources: Credit Agreement, Credit Agreement
Valid and Binding Nature. This Agreement, the Bank Note, Revolving Note and the Term Note and the other Transaction Documents are, and the Notes when issued will be, legal, valid, and binding obligations of the Authority enforceable against the Authority in accordance with their respective terms under Applicable Law.
Appears in 1 contract
Sources: Standby Letter of Credit and Reimbursement Agreement
Valid and Binding Nature. This Agreement, the Bank Note, and the other Transaction Documents are, and the Notes when issued will be, legal, valid, and binding obligations of the Authority enforceable against the Authority in accordance with their respective terms under Applicable Lawapplicable law.
Appears in 1 contract
Sources: Credit Agreement