Challenge to Validity. Debtor or any Third Party commences any action or proceeding to contest the validity or enforceability of any Transaction Document or any lien or security interest granted or obligations evidenced by any Transaction Document.
Appears in 10 contracts
Samples: Loan and Security Agreement (Computone Corporation), Loan and Security Agreement (FFP Marketing Co Inc), Security Agreement (American Artists Film Corp/Mo/)
Challenge to Validity. Debtor Borrower or any Third Party commences any action or proceeding to contest the validity or enforceability of any Transaction Document or any lien or security interest granted or obligations evidenced by any Transaction Document.
Appears in 2 contracts
Samples: Revolving Credit and Security Agreement (Vail Resorts Inc), Revolving Credit and Security Agreement (Koala Corp /Co/)
Challenge to Validity. Debtor Any Borrower or its Subsidiaries or any Third Party commences any action or proceeding to contest the validity or enforceability of any Transaction Document or any lien or security interest granted or obligations evidenced by any Transaction Document.
Appears in 2 contracts
Samples: And Security Agreement (Air Methods Corp), And Security Agreement (Air Methods Corp)
Challenge to Validity. Debtor or any Third Party commences any action or proceeding to contest the validity or enforceability of any Transaction Document or any lien or security interest granted or obligations evidenced by any Transaction DocumentDocument and, in the case of any of the foregoing events with respect to a Third Party, which remains uncured for fifteen (15) days after notice thereof by Agent to Debtor.
Appears in 1 contract
Samples: Loan and Security Agreement (Sigmatron International Inc)
Challenge to Validity. Debtor or any Third Party commences any action or proceeding to contest the validity or enforceability of any Transaction Document Document, or any lien or security interest granted or obligations evidenced by any Transaction Document.. (o)
Appears in 1 contract
Samples: Loan and Security Agreement (Mercury Air Group Inc)
Challenge to Validity. Debtor Any Borrower or any Third Party commences any action or proceeding to contest the validity or enforceability of any Transaction Document or any lien or security interest granted or obligations evidenced by any Transaction Document.
Appears in 1 contract
Challenge to Validity. Debtor Borrowers or any Third Party commences any action or proceeding to contest the validity or enforceability of any Transaction Document or any lien or security interest granted or obligations evidenced by any Transaction Document.
Appears in 1 contract
Samples: Credit, Term Loan and Security Agreement (Air Methods Corp)
Challenge to Validity. Either Debtor or any Third Party commences any action or proceeding to contest the validity or enforceability of any Transaction Document or any lien or security interest granted or obligations evidenced by any Transaction Document.
Appears in 1 contract
