Common use of Challenge to Loan Documents Clause in Contracts

Challenge to Loan Documents. (a) Any challenge by or on behalf of the Borrower or any guarantor of the Liabilities to the validity of any Loan Document or the applicability or enforceability of any Loan Document strictly in accordance with the subject Loan Document's terms or which seeks to void, avoid, limit, or otherwise adversely affect any security interest created by or in any Loan Document or any payment made pursuant thereto. (b) Any determination by any court or any other judicial or government authority that any Loan Document is not enforceable strictly in accordance with the subject Loan Document's terms or which voids, avoids, limits, or otherwise adversely affects any security interest created by any Loan Document or any payment made pursuant thereto.

Appears in 14 contracts

Samples: Loan and Security Agreement (Bakers Footwear Group Inc), Revolving Credit Agreement (Right Start Inc /Ca), Loan and Security Agreement (Number Nine Visual Technology Corp)

AutoNDA by SimpleDocs

Challenge to Loan Documents. (a) Any challenge by or on behalf of the any Borrower or any guarantor of the Liabilities to the validity of any Loan Document or the applicability or enforceability of any Loan Document strictly in accordance with the subject Loan Document's terms or which seeks to void, avoid, limit, or otherwise adversely affect any security interest created by or in any Loan Document or any payment made pursuant thereto. (b) Any determination by any court or any other judicial or government authority that any Loan Document is not enforceable strictly in accordance with the subject Loan Document's terms or which voids, avoids, limits, or otherwise adversely affects any security interest created by any Loan Document or any payment made pursuant thereto.

Appears in 9 contracts

Samples: Loan and Security Agreement (Mazel Stores Inc), Loan and Security Agreement (Dynamics Research Corp), Loan and Security Agreement (Alloy Inc)

Challenge to Loan Documents. (a) Any challenge by or on behalf of the Borrower or any guarantor of the Liabilities to the validity of any Loan Document or the applicability or enforceability of any Loan Document strictly in accordance with the subject Loan Document's terms or which seeks to void, avoid, limit, or otherwise adversely affect any security interest created by or in any Loan Document or any payment made pursuant thereto. (b) Any determination by any court or any other judicial or government authority that any Loan Document is not enforceable strictly in accordance with the subject Loan Document's terms or which voids, avoids, limits, or otherwise adversely affects any security interest created by any Loan Document or any payment made pursuant thereto.

Appears in 9 contracts

Samples: Loan and Security Agreement (Gander Mountain Co), Loan and Security Agreement (Golf Galaxy, Inc.), Loan and Security Agreement (Gander Mountain Co)

Challenge to Loan Documents. (a) Any challenge by or on behalf of the Borrower or Borrowers’ Representative, any guarantor of the Liabilities Loan Party to the validity of any Loan Document or the applicability or enforceability of any Loan Document strictly in accordance with the subject Loan Document's ’s terms or which seeks to void, avoid, limit, or otherwise adversely affect any security interest created by or in any Loan Document or any payment made pursuant thereto. (b) Any determination by any court or any other judicial or government authority that any Loan Document is not enforceable strictly in accordance with the subject Loan Document's ’s terms or which voids, avoids, limits, or otherwise adversely affects any security interest created by any Loan Document or any payment made pursuant thereto.

Appears in 7 contracts

Samples: Term Loan and Security Agreement (Destination Xl Group, Inc.), Loan and Security Agreement (Casual Male Retail Group Inc), Loan and Security Agreement (Casual Male Retail Group Inc)

Challenge to Loan Documents. (a) Any challenge by or on behalf of the any Borrower or any guarantor of the Liabilities to the validity of any Loan Document or the applicability or enforceability of any Loan Document strictly in accordance with the subject Loan Document's ’s terms or which seeks to void, avoid, limit, or otherwise adversely affect any security interest created by or in any Loan Document or any payment made pursuant thereto. (b) Any determination by any court or any other judicial or government authority that any Loan Document is not enforceable strictly in accordance with the subject Loan Document's ’s terms or which voids, avoids, limits, or otherwise adversely affects any security interest created by any Loan Document or any payment made pursuant thereto.

Appears in 4 contracts

Samples: Loan and Security Agreement (Iparty Corp), Loan and Security Agreement (Mothers Work Inc), Term Loan and Security Agreement (Mothers Work Inc)

Challenge to Loan Documents. (a) Any challenge by or on behalf of the any Borrower or any guarantor of the Liabilities to the validity of any Loan Document or the applicability or enforceability of any Loan Document strictly in accordance with the subject Loan Document's terms or which seeks to void, avoid, limit, or otherwise adversely affect any security interest created by or in any Loan Document or any payment made pursuant thereto. (b) Any determination by any court or any other judicial or government authority that any Loan Document is not enforceable strictly in accordance with the subject Loan Document's terms or which voids, avoids, limits, or otherwise adversely affects any security interest created by any Loan Document or any payment made pursuant thereto, provided such determination, in Agent's sole discretion, has a material adverse effect on the Agent's interest in, or ability to realize on, the Collateral or on the Agent's ability to enforce the subject Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Duckwall Alco Stores Inc)

Challenge to Loan Documents. (a) Any challenge by or on behalf of the Borrower or any guarantor of the Liabilities to the validity of any Loan Document or the applicability or enforceability of any Loan Document strictly in accordance with the subject Loan Document's terms or which seeks to void, avoid, limit, or otherwise materially adversely affect any security interest created by or in any Loan Document or any payment made pursuant thereto. (b) Any determination by any court or any other judicial or government authority that any Loan Document is not enforceable strictly substantially in accordance with the subject Loan Document's terms or which voids, avoids, limits, or otherwise adversely affects any security interest created by any Loan Document or any payment made pursuant thereto.

Appears in 1 contract

Samples: Loan and Security Agreement (CSS Trade Names Inc)

Challenge to Loan Documents. (a) Any challenge by or on behalf of the any Borrower or any guarantor of the Liabilities to the validity of any Loan Document or the applicability or enforceability of any Loan Document strictly in accordance with the subject Loan Document's terms or which seeks to void, avoid, limit, or otherwise adversely affect any security interest created by or in any Loan Document or any payment made pursuant thereto. (b) Any determination by any court or any other judicial or government authority that any Loan Document is not enforceable strictly in accordance with the subject Loan Document's terms or which voids, avoids, limits, or otherwise adversely affects any security interest created by any Loan Document or any payment made pursuant thereto.; or

Appears in 1 contract

Samples: Loan Agreement (Dynamics Research Corp)

Challenge to Loan Documents. (a) Any challenge by or on behalf of the either Borrower or any guarantor of the Liabilities to the validity of any Loan Document Documents or the applicability or enforceability of any Loan Document strictly in accordance with the subject Loan Document's ’s terms or which seeks to void, avoid, limit, or otherwise adversely affect any security interest or lien created by or in any Loan Document or any payment made pursuant thereto. (b) Any final determination by any court or any other judicial or government authority that any Loan Document is not enforceable strictly in accordance with the subject Loan Document's ’s terms or which voids, avoids, limits, or otherwise adversely affects any security interest or lien created by any Loan Document or any payment made pursuant thereto.

Appears in 1 contract

Samples: Loan and Security Agreement (Transcat Inc)

Challenge to Loan Documents. (a) Any challenge by or on behalf of the Borrower or any guarantor of the Liabilities to the validity of any Loan Document or the applicability or enforceability of any Loan Document strictly in accordance with the subject Loan Document's ’s terms or which seeks to void, avoid, limit, or otherwise adversely affect any security interest created by or in any Loan Document or any payment made pursuant thereto. (b) Any determination by any court or any other judicial or government authority that any Loan Document is not enforceable strictly in accordance with the subject Loan Document's ’s terms or which voids, avoids, limits, or otherwise adversely affects any security interest created by any Loan Document or any payment made pursuant thereto.

Appears in 1 contract

Samples: Loan and Security Agreement (Bakers Footwear Group Inc)

Challenge to Loan Documents. (a) Any challenge by or on behalf of the Borrower Borrowers or any guarantor of the Liabilities to the validity of any Loan Document or the applicability or enforceability of any Loan Document strictly in accordance with the subject Loan Document's terms or which seeks to void, avoid, limit, or otherwise adversely affect any security interest created by or in any Loan Document or any payment made pursuant thereto. (b) Any determination by any court or any other judicial or government authority that any Loan Document is not enforceable strictly in accordance with the subject Loan Document's terms or which voids, avoids, limits, or otherwise adversely affects any security interest created by any Loan Document or any payment made pursuant thereto.

Appears in 1 contract

Samples: Loan and Security Agreement (Video City Inc)

AutoNDA by SimpleDocs

Challenge to Loan Documents. (a) Any challenge by or on behalf of the Borrower or any guarantor of the Liabilities to the validity of any Loan Document or the applicability or enforceability of any Loan Document strictly in accordance with the subject Loan Document's terms or which seeks to void, avoid, limit, or otherwise adversely affect any security interest created by or in any Loan Document or any payment made pursuant thereto.. ...April 11, 2003.. (b) Any determination by any court or any other judicial or government authority that any Loan Document is not enforceable strictly in accordance with the subject Loan Document's terms or which voids, avoids, limits, or otherwise adversely affects any security interest created by any Loan Document or any payment made pursuant thereto.

Appears in 1 contract

Samples: Loan and Security Agreement (Gadzooks Inc)

Challenge to Loan Documents. (a) Any challenge by or on behalf of the any Borrower or any guarantor of the Liabilities to the validity of any Loan Document or the applicability or enforceability of any Loan Document strictly in accordance with the subject Loan Document's terms or which seeks to void, avoid, limit, or otherwise adversely affect any security interest created by or in any Loan Document or any payment made pursuant thereto. (b) Any determination by any court or any other judicial or government authority that any material provision of any Loan Document is not enforceable strictly in accordance with the subject Loan Document's terms terms, or which voids, avoids, limits, or otherwise adversely affects any security interest created by any Loan Document or any payment made pursuant thereto.

Appears in 1 contract

Samples: Loan and Security Agreement (Dynagen Inc)

Challenge to Loan Documents. (ai) Any challenge by or on behalf of the Borrower or any guarantor of the Liabilities to the validity of any Loan Document or the applicability or enforceability of any Loan Document strictly in accordance with the subject Loan Document's ’s terms or which seeks to void, avoid, limit, or otherwise adversely affect any security interest created by or in any Loan Document or any payment made pursuant thereto. (bii) Any determination by any court or any other judicial or government authority that any the Loan Document is Documents, taken as a whole, are not enforceable strictly in accordance with the subject Loan Document's their terms or which voids, avoids, limits, or otherwise adversely affects any security interest created by any Loan Document or any payment made pursuant thereto.

Appears in 1 contract

Samples: Loan and Security Agreement (Aeropostale Inc)

Challenge to Loan Documents. (a) Any challenge by or on behalf of the a Borrower or any guarantor of the Liabilities Guarantor to the validity of any Loan Document or the applicability or enforceability of any Loan Document strictly in accordance with the subject Loan Document's terms or which seeks to void, avoid, limit, or otherwise adversely affect any security interest or lien created by or in any Loan Document or any payment made pursuant thereto. (b) Any final determination by any court or any other judicial or government authority that any Loan Document this Agreement is not enforceable strictly in accordance with the subject Loan Document's terms or which voids, avoids, limits, or otherwise adversely affects any security interest or lien created by any Loan Document or any material payment made pursuant thereto.

Appears in 1 contract

Samples: Loan and Security Agreement (American BioCare, Inc.)

Challenge to Loan Documents. (a) Any challenge by or on behalf of the Borrower or any guarantor of the Liabilities to the validity of any Loan Document or the applicability or enforceability of any Loan Document strictly in accordance with the subject Loan Document's terms or which seeks to void, avoid, limit, or otherwise adversely affect any security interest created by or in any Loan Document or any payment made pursuant thereto. (b) Any determination by any court or any other judicial or government authority that any the Loan Document is Documents, taken as a whole, are not enforceable strictly in accordance with the subject Loan Document's their terms or which voids, avoids, limits, or otherwise adversely affects any security interest created by any Loan Document or any payment made pursuant thereto.

Appears in 1 contract

Samples: Loan and Security Agreement (Aeropostale Inc)

Challenge to Loan Documents. (a) Any challenge by or on behalf of the Borrower or any guarantor Guarantor of the Liabilities to the validity of any Loan Document or the applicability or enforceability of any Loan Document strictly in accordance with the subject Loan Document's terms or which seeks to void, avoid, limit, or otherwise adversely affect any security interest created by or in any Loan Document or any payment made pursuant thereto. (b) Any determination by any court or any other judicial or government authority that any Loan Document is not enforceable strictly in accordance with the subject Loan Document's terms or which voids, avoids, limits, or otherwise adversely affects any security interest created by any Loan Document or any payment made pursuant thereto.

Appears in 1 contract

Samples: Loan and Security Agreement (Harrys Farmers Market Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!