Common use of Validity and Enforceability Clause in Contracts

Validity and Enforceability. This First Amendment constitutes the valid and binding obligation of Borrower enforceable in accordance with its terms, except as (a) the enforceability thereof may be limited by bankruptcy, insolvency or similar laws affecting creditor’s rights generally, and (b) the availability of equitable remedies may be limited by equitable principles of general application.

Appears in 7 contracts

Sources: Credit Agreement, Credit Agreement (Ameriquest, Inc.), Credit Agreement (Ameriquest, Inc.)

Validity and Enforceability. This First Amendment constitutes the valid and binding obligation of Borrower enforceable in accordance with its terms, except as (ai) the enforceability thereof may be limited by bankruptcy, insolvency or similar laws affecting creditor’s 's rights generally, and (bii) the availability of equitable remedies may be limited by equitable principles of general application.

Appears in 4 contracts

Sources: Credit Agreement (Delta Petroleum Corp/Co), Credit Agreement (Delta Petroleum Corp/Co), Credit Agreement (Denbury Resources Inc)

Validity and Enforceability. This First Amendment constitutes the valid and binding obligation of Borrower enforceable in accordance with its terms, except as (ai) the enforceability thereof may be limited by bankruptcy, insolvency or similar laws affecting creditor’s rights generally, and (bii) the availability of equitable remedies may be limited by equitable principles of general application.

Appears in 4 contracts

Sources: Credit Agreement (Denbury Resources Inc), Credit Agreement (Ellora Energy Inc), Credit Agreement (Patina Oil & Gas Corp)

Validity and Enforceability. This First Amendment constitutes the valid and binding obligation of Borrower enforceable in accordance with its terms, except as (a) the enforceability thereof may be limited by bankruptcy, insolvency insolvency, reorganization, moratorium or similar laws affecting creditor’s 's rights generally, and (b) the availability of equitable remedies may be limited by equitable principles of general application, regardless of whether considered in a proceeding in equity or at law.

Appears in 1 contract

Sources: Credit Agreement (Blueknight Energy Partners, L.P.)

Validity and Enforceability. This First Amendment constitutes the valid and binding obligation of Borrower enforceable in accordance with its terms, except as (a) the enforceability thereof may be limited by bankruptcy, insolvency insolvency, reorganization, moratorium or similar laws affecting creditor’s rights generally, and (b) the availability of equitable remedies may be limited by equitable principles of general applicationapplicability (whether enforcement is sought by proceedings at law or in equity).

Appears in 1 contract

Sources: Credit Agreement (Quicksilver Gas Services LP)

Validity and Enforceability. This First Amendment constitutes the valid and binding obligation of Parent and Borrower enforceable in accordance with its terms, except as (ai) the enforceability thereof may be limited by bankruptcy, insolvency or similar laws affecting creditor’s rights generally, and (bii) the availability of equitable remedies may be limited by equitable principles of general application.

Appears in 1 contract

Sources: Credit Agreement (Denbury Resources Inc)

Validity and Enforceability. This First Amendment constitutes the valid and binding obligation of the Borrower enforceable in accordance with its terms, except as (a) the enforceability thereof may be limited by bankruptcy, insolvency or similar laws affecting creditor’s rights generally, and (b) the availability of equitable remedies may be limited by equitable principles of general application.

Appears in 1 contract

Sources: Credit Agreement (Approach Resources Inc)

Validity and Enforceability. This First Amendment constitutes the valid and binding obligation of Borrower enforceable in accordance with its terms, except as (a) the enforceability thereof may be limited by bankruptcy, insolvency insolvency, reorganization, moratorium or similar laws affecting creditor’s rights generally, and (b) the availability of equitable remedies may be limited by equitable principles of general application, regardless of whether considered in a proceeding in equity or at law.

Appears in 1 contract

Sources: Credit Agreement (Blueknight Energy Partners, L.P.)