Common use of Valid and Binding Clause in Contracts

Valid and Binding. This Agreement is the legal, valid and binding obligation of Grantor, enforceable against it in accordance with its terms, except as enforceability may be limited by bankruptcy and other similar laws affecting the rights of creditors generally or by general principles of equity.

Appears in 14 contracts

Sources: Loan and Security Agreement (Derma Sciences Inc), Loan and Security Agreement (Yp Net Inc), Wcma Loan and Security Agreement (Yp Corp)

Valid and Binding. This Agreement is the legal, valid and binding obligation of Grantor, enforceable against it in accordance with its terms, except as enforceability may be limited by bankruptcy and other similar laws affecting the rights of creditors generally or by general principles of equity.

Appears in 1 contract

Sources: Security Agreement (Rent a Wreck of America Inc)