Common use of Validity; Binding Nature Clause in Contracts

Validity; Binding Nature. Each of this Agreement and each other Investment Document to which the Companies or any other Note Party is a party is the legal, valid and binding obligation of such Person, enforceable against such Person in accordance with its terms, subject to bankruptcy, insolvency and similar laws affecting the enforceability of creditors’ rights generally and to general principles of equity.

Appears in 2 contracts

Sources: Note Purchase Agreement (CNL Strategic Capital, LLC), Subordination Agreement (CNL Strategic Capital, LLC)

Validity; Binding Nature. Each of this This Agreement and each other Investment Document to which the Companies or any other Note Party is a party is the legal, valid and binding obligation of such PersonNote Party, enforceable against such Person Note Party in accordance with its terms, subject to bankruptcy, insolvency and similar laws affecting the enforceability of creditors’ rights generally and to general principles of equity.

Appears in 1 contract

Sources: Note Purchase Agreement (CNL Strategic Capital, LLC)