Common use of Valid and Binding Clause in Contracts

Valid and Binding. Each of the Loan Documents to which Guarantor is a party constitutes Guarantor’s legal, valid and binding obligation in accordance with the respective terms thereof, subject to bankruptcy, insolvency and similar laws of general application affecting the rights and remedies of creditors and with respect to the availability of remedies of specific enforcement subject to the discretion of the court before which proceedings therefor may be brought.

Appears in 12 contracts

Sources: Guaranty (Cedar Realty Trust, Inc.), Guaranty (Wheeler Real Estate Investment Trust, Inc.), Loan Agreement (Cedar Realty Trust, Inc.)

Valid and Binding. Each of the Loan Documents to which such Guarantor is a party constitutes such Guarantor’s legal, valid and binding obligation in accordance with the respective terms thereof, subject to bankruptcy, insolvency and similar laws of general application affecting the rights and remedies of creditors and with respect to the availability of remedies of specific enforcement subject to the discretion of the court before which proceedings therefor may be brought.

Appears in 7 contracts

Sources: Loan Agreement (Cedar Realty Trust, Inc.), Loan Agreement (Cedar Realty Trust, Inc.), Loan Agreement (Cedar Realty Trust, Inc.)

Valid and Binding. Each of the Loan Documents to which Guarantor is a party party, constitutes such Guarantor’s 's legal, valid and binding obligation in accordance with the respective terms thereof, subject to bankruptcy, insolvency and similar laws of general application affecting the rights and remedies of creditors and with respect to the availability of remedies of specific enforcement subject to the discretion of the court before which proceedings therefor may be brought.

Appears in 2 contracts

Sources: 364 Day Revolving Credit Agreement (Energy Network Inc), Revolving Credit Agreement (Energy Network Inc)

Valid and Binding. Each of the Loan Documents to which Guarantor is a party constitutes Guarantor’s 's legal, valid and binding obligation in accordance with the respective terms thereof, subject to bankruptcy, insolvency and similar laws of general application affecting the rights and remedies of creditors and with respect to the availability of remedies of specific enforcement subject to the discretion of the court before which proceedings therefor may be brought.

Appears in 1 contract

Sources: Guaranty (Cedar Shopping Centers Inc)

Valid and Binding. Each of the Loan Documents to which Guarantor is a party party, constitutes Guarantor’s 's legal, valid and binding obligation in accordance with the respective terms thereof, subject to bankruptcy, insolvency and similar laws of general application affecting the rights and remedies of creditors and with respect to the availability of remedies of specific enforcement subject to the discretion of the court before which proceedings therefor may be brought.

Appears in 1 contract

Sources: Guaranty (Shelbourne Properties I Inc)

Valid and Binding. Each of the Loan Documents to which such Guarantor is a party party, constitutes such Guarantor’s legal, valid and binding obligation in accordance with the respective terms thereof, subject to bankruptcy, insolvency and similar laws of general application affecting the rights and remedies of creditors and with respect to the availability of remedies of specific enforcement subject to the discretion of the court before which proceedings therefor may be brought.

Appears in 1 contract

Sources: Guaranty Agreement (TNP Strategic Retail Trust, Inc.)

Valid and Binding. Each of the Loan Documents to which Guarantor is a party constitutes such Guarantor’s legal, valid and binding obligation in accordance with the respective terms thereof, subject to bankruptcy, insolvency and similar laws of general application affecting the rights and remedies of creditors and with respect to the availability of remedies of specific enforcement subject to the discretion of the court before which proceedings therefor may be brought.

Appears in 1 contract

Sources: Limited Guaranty (Procaccianti Hotel Reit, Inc.)