Valid and Binding. Each of the Loan Documents constitute legal, valid and binding obligations of Borrower and is enforceable 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 the remedies of specific enforcement, subject to the discretion of the court before which any proceeding therefor may be brought.
Appears in 2 contracts
Sources: Loan Agreement (STW Resources Holding Corp.), Loan Agreement (STW Resources Holding Corp.)
Valid and Binding. Each of the Loan Documents constitute constitutes the legal, valid and binding obligations obligation of Borrower each of the Borrowers and is the Guarantors party thereto, enforceable against each such Person in accordance with the respective terms thereof, subject to bankruptcy, insolvency and similar laws of general application affecting the rights and remedies of creditors generally and, with respect to the availability of the remedies of specific enforcement, subject to the discretion of the court before which any proceeding therefor may be brought.
Appears in 2 contracts
Sources: Revolving Credit and Term Loan Agreement (Centerline Holding Co), Revolving Credit and Term Loan Agreement (Centerline Holding Co)
Valid and Binding. Each of the Loan Documents constitute legal, valid and binding obligations of Borrower and each of the Borrowers under the respective Loan Document to which each is enforceable a party, 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 the remedies of specific enforcement, subject to the discretion of the court before which any proceeding therefor may be brought.
Appears in 2 contracts
Sources: Warehousing Credit and Security Agreement (Centerline Holding Co), Warehousing Credit and Security Agreement (Centerline Holding Co)
Valid and Binding. Each of the Loan Documents constitute legal, valid and binding obligations of Borrower the Borrower, the Guarantor and is enforceable the Pledgor Stockholders under the respective Loan Document to which they are party, 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 the remedies of specific enforcement, subject to the discretion of the court before which any proceeding therefor may be brought.
Appears in 2 contracts
Sources: Acquisition Loan Agreement (Chartermac), Acquisition Loan Agreement (Charter Municipal Mortgage Acceptance Co)
Valid and Binding. Each of the Loan Documents constitute constitutes legal, valid and binding obligations of Borrower and, where applicable, Tenant and Guarantor, and each is enforceable in accordance with the respective terms thereof, subject to bankruptcy, insolvency and similar laws Laws of general application affecting the rights and remedies of creditors and, with respect to the availability of the remedies of specific enforcement, subject to the discretion of the court before which any proceeding therefor may be brought.
Appears in 1 contract
Valid and Binding. Each of the Loan Documents constitute legal, valid and binding obligations of Borrower and is enforceable Guarantor, as applicable, in accordance with the respective terms thereof, subject and each has been duly and validly executed by the Borrower or Guarantor, as applicable, subject, in the case of enforceability, to bankruptcy, insolvency and similar laws of general application affecting the rights and remedies of creditors and, with respect to the availability of the remedies of specific enforcement, subject to the discretion of the court before which any proceeding therefor may be brought.
Appears in 1 contract
Sources: Term Loan Agreement (Sonesta International Hotels Corp)
Valid and Binding. Each of the Loan Documents constitute constitutes the legal, valid and binding obligations obligation of Borrower each of the Borrowers, the Guarantors, and is Origination Trust, party thereto, enforceable against each such Person in accordance with the respective terms thereof, subject to bankruptcy, insolvency and similar laws of general application affecting the rights and remedies of creditors generally and, with respect to the availability of the remedies of specific enforcement, subject to the discretion of the court before which any proceeding therefor may be brought.
Appears in 1 contract
Sources: Revolving Credit and Term Loan Agreement (Chartermac)
Valid and Binding. Each of the Loan Documents constitute constitutes legal, valid and binding obligations of Borrower and is enforceable in accordance with the respective terms thereofand, as applicable, Guarantor, subject only to bankruptcy, insolvency and similar laws of general application affecting the rights and remedies of creditors and, with respect to the availability of the remedies of specific enforcement, subject to the discretion of the court before which any proceeding therefor may be broughtcreditors.
Appears in 1 contract
Valid and Binding. Each of the Loan Documents constitute legal, valid and binding obligations of each Borrower and, where applicable, Guarantor and is enforceable each constitute legal, valid and binding obligations of the parties thereto, 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 the remedies of specific enforcement, subject to the discretion of the court before which any proceeding therefor may be brought.
Appears in 1 contract
Valid and Binding. Each of the Loan Documents constitute legal, valid and binding obligations of Borrower Borrower; and is enforceable each constitute legal, valid and binding obligations of the parties thereto, 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 the remedies of specific enforcement, subject to the discretion of the court before which any proceeding therefor may be brought.
Appears in 1 contract
Sources: Loan Agreement (Unitil Corp)
Valid and Binding. Each of the Loan Documents constitute constitutes the legal, valid and binding obligations obligation of Borrower each of the Borrowers and is the Guarantors party thereto, enforceable against each such Person in accordance with the respective terms thereof, subject to bankruptcy, insolvency and similar laws of general application affecting the rights and remedies of creditors generally and, with respect to the availability of the remedies of specific enforcementenforcement and other equitable remedies, subject to the discretion of the court before which any proceeding therefor may be brought.
Appears in 1 contract
Sources: Revolving Credit and Term Loan Agreement (Centerline Holding Co)
Valid and Binding. Each of the Loan Documents constitute legal, valid and binding obligations of Borrower the Borrowers and is enforceable the Guarantors under the respective Loan Document to which they are party, 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 the remedies of specific enforcement, subject to the discretion of the court before which any proceeding therefor may be brought.
Appears in 1 contract
Sources: Mortgage Warehousing Credit and Security Agreement (Charter Municipal Mortgage Acceptance Co)
Valid and Binding. Each of the Loan Documents constitute legal, valid and binding obligations of Borrower and is enforceable Borrower, 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 the remedies of specific enforcement, subject to the discretion of the court before which any proceeding therefor may be brought.
Appears in 1 contract
Sources: Tax Exempt Bond Line of Credit and Security Agreement (Charter Municipal Mortgage Acceptance Co)
Valid and Binding. Each of the Loan Documents constitute legal, valid and binding obligations of Borrower and is enforceable and, where applicable, Guarantor, 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 the remedies of specific enforcement, subject to the discretion of the court before which any proceeding therefor may be brought.
Appears in 1 contract
Sources: Revolving Credit Agreement (Tanger Factory Outlet Centers Inc)
Valid and Binding. Each of the Loan Documents constitute legal, valid and binding obligations of Borrower Borrower, and is enforceable where applicable, the Guarantor, and constitutes legal, valid and binding obligations of the parties thereto, 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 the remedies of specific enforcement, subject to the discretion of the court before which any proceeding therefor may be brought.
Appears in 1 contract
Sources: Commercial Real Estate Mortgage Loan Agreement (Procaccianti Hotel Reit, Inc.)
Valid and Binding. Each of the Loan Documents to which the Borrower is a party constitute legal, valid and binding obligations of Borrower and is enforceable the Borrower, 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 the remedies of specific enforcement, subject to the discretion of the court before which any proceeding therefor may be brought.
Appears in 1 contract
Sources: Mortgage Warehousing Credit and Security Agreement (Ares Commercial Real Estate Corp)
Valid and Binding. Each of the Loan Documents constitute legal, valid and binding obligations of Borrower and is enforceable Guarantors 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 the remedies of specific enforcement, subject to the discretion of the court before which any proceeding therefor may be brought.
Appears in 1 contract
Sources: Revolving Credit Agreement (TNP Strategic Retail Trust, Inc.)