Common use of Challenge to Loan Documents Clause in Contracts

Challenge to Loan Documents. (a) Any challenge by or on behalf of 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.

Appears in 2 contracts

Samples: Loan and Security Agreement (Homebase Inc), Loan and Security Agreement (Gymboree Corp)

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Challenge to Loan Documents. (a) Any challenge by or on behalf of 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.

Appears in 1 contract

Samples: Loan Agreement (World of Science Inc)

Challenge to Loan Documents. (a) Any challenge by or on behalf of 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,

Appears in 1 contract

Samples: Loan Agreement (Lojack Corp)

Challenge to Loan Documents. (a) Any challenge by or on behalf of any the Lead Borrower or any guarantor of the Liabilities Borrower 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Baker J Inc)

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Challenge to Loan Documents. (a) Any challenge in writing by or on behalf of any Borrower or any guarantor of the Liabilities to the validity of any Loan Document or the applicability the (b) Any determination by any court or enforceability of any other judicial or government authority that any Loan Document strictly is not enforceable substantially in accordance with the subject Loan Document's terms or which seeks to voidvoids, avoidavoids, limitlimits, or otherwise adversely affect affects any material security interest created by or in any Loan Document or which determines any material payment made pursuant theretothereto is void or voidable.

Appears in 1 contract

Samples: Loan and Security Agreement (Lechters Inc)

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