Common use of Validity and Binding Effect Clause in Contracts

Validity and Binding Effect. This Agreement and each of the other Loan Documents (i) has been duly and validly executed and delivered by the Borrower, and (ii) constitutes, or will constitute, legal, valid and binding obligations of the Borrower, enforceable against the Borrower in accordance with its terms.

Appears in 5 contracts

Sources: Revolving Credit Facility (Erie Indemnity Co), Credit Agreement (Erie Indemnity Co), Credit Agreement (Erie Indemnity Co)

Validity and Binding Effect. This Agreement and each of the other Loan Documents (i) has been duly and validly executed and delivered by the Borrower, and (ii) constitutes, or will constitute, legal, valid and binding obligations of the Borrower, enforceable against the Borrower in accordance with its termsterms except to the extent enforceability thereof is limited by bankruptcy, insolvency or other laws affecting the enforcement of creditors' rights generally, and by general principles of equity.

Appears in 5 contracts

Sources: Credit Agreement (Ipalco Enterprises, Inc.), Note Purchase and Covenants Agreement (Ipalco Enterprises, Inc.), Credit Agreement (Ipalco Enterprises, Inc.)

Validity and Binding Effect. This Agreement and each of the other Loan Documents (i) has been duly and validly executed and delivered by the Borrower, and (ii) constitutes, or will constitute, legal, valid and binding obligations of the Borrower, enforceable against the Borrower in accordance with its terms, subject in each case to applicable bankruptcy, insolvency, reorganization or similar laws generally affecting creditor’s rights.

Appears in 4 contracts

Sources: Credit Agreement (Nacco Industries Inc), Revolving Credit Facility (Nacco Industries Inc), Revolving Credit Facility (Nacco Industries Inc)

Validity and Binding Effect. This Agreement and each of the other Loan Documents (i) has been duly and validly executed and delivered by the each Borrower, and (ii) constitutes, or will constitute, legal, valid and binding obligations of the each Borrower, enforceable against the such Borrower in accordance with its terms, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, or other laws and principles of equity affecting the enforcement of creditor’s rights.

Appears in 3 contracts

Sources: Revolving Credit Facility Agreement (Cincinnati Financial Corp), Credit Agreement (Cincinnati Financial Corp), Credit Agreement (Cincinnati Financial Corp)

Validity and Binding Effect. This Agreement and each of the other Loan Documents (i) has been duly and validly executed and delivered by the BorrowerAttorney-in-Fact, and (ii) constitutes, or will constitute, legal, valid and binding obligations of the Borrower, enforceable against the Borrower in accordance with its terms.

Appears in 3 contracts

Sources: Revolving Credit Facility (Erie Indemnity Co), Credit Agreement (Erie Indemnity Co), Revolving Credit Agreement (Erie Indemnity Co)

Validity and Binding Effect. This Each of this Agreement and each of the other Loan Documents Document has been (or when delivered will have been), (i) has been duly and authorized, validly executed and delivered by the Borrower, and (ii) constitutes, or will constitute, legal, valid and binding obligations of the Borrower, enforceable against the Borrower in accordance with its terms.

Appears in 2 contracts

Sources: Credit Agreement (Chesapeake Utilities Corp), Revolving Credit Facility Agreement (Chesapeake Utilities Corp)

Validity and Binding Effect. This Agreement is, and each of the Notes and the other Loan Documents (i) has been when duly and validly executed and delivered by the Borrower, and (ii) constitutes, or will constitutebe, legal, valid and binding obligations of the Borrower, enforceable against the Borrower in accordance with its their respective terms, except as enforceability may be limited by bankruptcy, insolvency or other similar laws of general application affecting the enforcement of creditors' rights or by general principles of equity limiting the availability of equitable remedies.

Appears in 2 contracts

Sources: Investment Loan Agreement (Chateau Communities Inc), Non Investment Loan Agreement (Chateau Communities Inc)

Validity and Binding Effect. This Agreement and each of the other Loan Documents (i) has been duly and validly executed and delivered by are the Borrower, and (ii) constitutes, or will constitute, legal, valid and binding obligations of the Borrower, enforceable against the Borrower in accordance with its their respective terms, subject to bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforceability of creditors’ rights generally and to general principles of equity.

Appears in 2 contracts

Sources: Loan and Security Agreement (Atlas Financial Holdings, Inc.), Loan Agreement (Atlas Financial Holdings, Inc.)

Validity and Binding Effect. This Agreement Agreement, the Notes and each of the other Loan Documents (i) has been when duly and validly executed and delivered by the Borrower, and (ii) constitutes, or will constitutebe, legal, valid and binding obligations of the BorrowerLoan Parties that are party thereto, enforceable against the Borrower such Loan Parties in accordance with its their respective terms, except as enforceability may be limited by bankruptcy, insolvency or other similar laws of general application affecting the enforcement of creditors’ rights or by general principles of equity limiting the availability of equitable remedies.

Appears in 2 contracts

Sources: Credit Agreement (Triton International LTD), Credit Agreement (Triton International LTD)

Validity and Binding Effect. This Agreement and each of the other Loan Documents (i) has been duly and validly executed and delivered by are the Borrower, and (ii) constitutes, or will constitute, legal, valid and binding obligations of Borrower and the BorrowerGuarantors, as the case may be, enforceable against the Borrower in accordance with its their respective terms, subject to limitations imposed by bankruptcy, insolvency, moratorium or other similar laws affecting the rights of creditors generally or the application of general equitable principles.

Appears in 2 contracts

Sources: Loan Agreement (Home Solutions of America Inc), Loan Agreement (Home Solutions of America Inc)

Validity and Binding Effect. This Agreement Agreement, any Notes, --------------------------- and each of the any other Loan Documents (i) has been contemplated by this Agreement, when duly and validly executed and delivered by the Borrowerdelivered, and (ii) constitutes, or will constitute, be legal, valid and binding obligations of the Borrower, enforceable against the Borrower in accordance with its their respective terms, except as enforceability may be limited by bankruptcy, insolvency or other similar laws of general application affecting the enforcement of creditors' rights or by general principles of equity limiting the availability of equitable remedies.

Appears in 1 contract

Sources: Credit Agreement (Oregon Metallurgical Corp)

Validity and Binding Effect. This Agreement and each of the other Loan Documents (i) has been duly and validly executed and delivered by the Borrower. This Agreement constitutes, and (ii) constitutes, or the other Loan Documents when duly executed and delivered by Borrower pursuant to the provisions hereof will constitute, legal, valid and binding obligations of the Borrower, enforceable against the Borrower in accordance with its termstheir respective terms except as such enforceability may be limited by bankruptcy, insolvency, or similar laws affecting the enforcement of creditors' rights generally and by general principles of equity.

Appears in 1 contract

Sources: Loan Agreement (Foster L B Co)

Validity and Binding Effect. This Agreement and each of the other Loan Documents (i) has have been duly and validly executed and delivered by the Borrower, . This Agreement and (ii) constitutesthe other Loan Documents constitute, or will constitute, legal, valid and binding obligations of the Borrower, Borrower enforceable against the Borrower it in accordance with its their respective terms.

Appears in 1 contract

Sources: Term Loan Agreement (Wells Core Office Income Reit Inc)

Validity and Binding Effect. This Agreement and each of the other Loan Documents (i) has been duly and validly executed and delivered by are the Borrower, and (ii) constitutes, or will constitute, legal, valid and legally binding obligations obligation of the Borrowereach Company, enforceable against the Borrower in accordance with its their respective terms, subject, as to enforcement, to bankruptcy, insolvency, reorganization and other laws of general applicability relating to or affecting creditors rights and to general equity principles.

Appears in 1 contract

Sources: Subordinated Loan Agreement (Emtec Inc/Nj)

Validity and Binding Effect. This Agreement and each of the other Loan Documents (i) has been duly and validly executed and delivered by are the Borrower, and (ii) constitutes, or will constitute, legal, valid and binding obligations of the Borrower, Company enforceable against the Borrower in accordance with its their respective terms, subject to limitations imposed by bankruptcy, insolvency, moratorium or other similar laws affecting the rights of creditors generally or the application of general equitable principles.

Appears in 1 contract

Sources: Note Purchase Agreement (Orion Healthcorp Inc)

Validity and Binding Effect. This Agreement and each of the other Loan Documents (i) has been duly and validly executed and delivered by the Borrower, and (ii) constitutes, or will constitute, legal, valid and binding obligations of the Borrower, enforceable against the Borrower in accordance with its termsterms except to the extent enforceability thereof is limited by bankruptcy, insolvency or other laws affecting the enforcement of creditors’ rights generally, and by general principles of equity.

Appears in 1 contract

Sources: Credit Agreement (Ipalco Enterprises, Inc.)

Validity and Binding Effect. This Agreement and each of the other Loan Documents (i) has been duly and validly executed and delivered by the Borrower, and (ii) constitutes, or will constitute, legal, valid and binding obligations of the Borrower, enforceable against the Borrower in accordance with its terms, except as may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors’ rights generally or by equitable principles relating to enforceability.

Appears in 1 contract

Sources: Revolving Credit Facility (Advanced Drainage Systems, Inc.)

Validity and Binding Effect. This Agreement and each of the other Loan Documents (i) has been duly and validly executed and delivered by are the Borrower, and (ii) constitutes, or will constitute, legal, valid and legally binding obligations obligation of the Borrowereach Company, enforceable against the Borrower in accordance with its their respective terms, subject, as to enforcement, to bankruptcy, insolvency, reorganization and other laws of general applicability relating to or affecting creditors rights and to general equity principles. Section 4.4.

Appears in 1 contract

Sources: Subordinated Loan Agreement

Validity and Binding Effect. This Agreement and each of the other Loan Documents (i) has been duly and validly executed and delivered by the BorrowerBorrower and Guarantor, and (ii) constitutes, or will constitute, legal, valid and binding obligations of Borrower and Guarantor, as the Borrowercase may be, which is or will be a party thereto, enforceable against the Borrower and Guarantor in accordance with its terms.

Appears in 1 contract

Sources: Loan and Security Agreement (Wells Core Office Income Reit Inc)

Validity and Binding Effect. This Agreement and each of the other Loan Documents (i) has been duly and validly executed and delivered by the Borrower. This Agreement constitutes, and (ii) constitutes, or the other Loan Documents when duly executed and delivered by Borrower and each Guarantor pursuant to the provisions hereof will constitute, legal, valid and binding obligations of the BorrowerBorrower and each Guarantor, enforceable against the Borrower in accordance with its termstheir respective terms except as such enforceability may be limited by bankruptcy, insolvency, or similar laws affecting the enforcement of creditors' rights generally and by general principles of equity.

Appears in 1 contract

Sources: Loan Agreement (Foster L B Co)

Validity and Binding Effect. This Agreement and each of the other Loan Documents (i) has been duly and validly executed and delivered by are the Borrower, and (ii) constitutes, or will constitute, legal, valid and binding obligations of the Borrower, enforceable against the Borrower in accordance with its their respective terms, subject to limitations imposed by bankruptcy, insolvency, moratorium, or similar laws or provisions affecting the rights of creditors generally and further subject to the discretion of the court in the exercise of equitable remedies.

Appears in 1 contract

Sources: Loan Agreement (Interactive Magic Inc /Md/)