Common use of Validity, etc Clause in Contracts

Validity, etc. Each Loan Document to which any Obligor is a party constitutes the legal, valid and binding obligations of such Obligor, enforceable against such Obligor in accordance with their respective terms (except, in any case, as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization or similar laws affecting creditors’ rights generally and by principles of equity).

Appears in 22 contracts

Sources: Credit Agreement (Ferro Corp), Credit Agreement (Ferro Corp), First Lien Exit Credit Agreement (Energy XXI Gulf Coast, Inc.)

Validity, etc. Each Loan Document and each Transaction Document to which any Obligor is a party constitutes the legal, valid and binding obligations of such Obligor, enforceable against such Obligor in accordance with their respective terms (except, in any case, as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization or similar laws affecting creditors’ rights generally and by principles of equity).

Appears in 8 contracts

Sources: First Lien Credit Agreement (Milagro Oil & Gas, Inc.), Second Lien Credit Agreement (Energy Xxi (Bermuda) LTD), First Lien Credit Agreement (Energy Xxi (Bermuda) LTD)

Validity, etc. Each Loan Document to which any Obligor is a party constitutes the legal, valid and binding obligations of such Obligor, enforceable against such Obligor in accordance with their respective terms (except, in any case, as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization or similar laws affecting creditors' rights generally and by principles of equity).

Appears in 5 contracts

Sources: Credit Agreement (United Surgical Partners International Inc), Credit Agreement (Swift Transportation Co Inc), Credit Agreement (Swift Transportation Co Inc)

Validity, etc. Each Loan Document and each Acquisition Document to which any Obligor is a party constitutes the legal, valid and binding obligations of such Obligor, enforceable against such Obligor in accordance with their respective terms (except, in any case, as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization or similar laws affecting creditors’ rights generally and by principles of equity).

Appears in 1 contract

Sources: First Lien Credit Agreement (Radiant Oil & Gas Inc)

Validity, etc. Each Loan Document to which any each Obligor is a party constitutes constitutes, or will, on the due execution and delivery thereof by such Obligor, constitute, the legal, valid and binding obligations of such Obligor, enforceable against such Obligor it in accordance with their respective terms (except, in any case, as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization or similar laws affecting creditors' rights generally and by principles of equity).

Appears in 1 contract

Sources: Credit Agreement (Stericycle Inc)

Validity, etc. Each Loan Document to which any Obligor is a party constitutes the legal, valid and binding obligations obligation of such Obligor, enforceable against such Obligor in accordance with their its respective terms (except, in any case, as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization or similar laws affecting creditors’ rights generally and by principles of equity).

Appears in 1 contract

Sources: Credit Agreement (Champion Enterprises Inc)