Collateral Document. Any Collateral Document after delivery thereof (other than pursuant to the terms thereof) ceases to create a valid and perfected lien on and security interest in the Collateral purported to be covered thereby having the priority contemplated by the Loan Documents; or
Appears in 2 contracts
Samples: Loan Agreement (Republic Airways Holdings Inc), Senior Secured Credit Agreement (Republic Airways Holdings Inc)
Collateral Document. Any Collateral Document after delivery thereof shall for any reason (other than pursuant to the terms thereof) ceases cease to create a valid and perfected lien on and security interest in the Collateral purported to be covered thereby having the priority contemplated by the Loan DocumentsDocuments and the DIP Financing Order; or
Appears in 2 contracts
Samples: Debtor in Possession Credit and Security Agreement (Ata Holdings Corp), Debtor in Possession Credit and Security Agreement
Collateral Document. Any Collateral Document after delivery thereof shall for any reason (other than pursuant to the terms thereof) ceases cease to create a valid and perfected first priority lien on and security interest in the Collateral purported to be covered thereby having the priority contemplated by the Loan Documents; orthereby.
Appears in 2 contracts
Samples: Loan Agreement (Akumin Inc.), Credit Agreement (Akumin Inc.)
Collateral Document. Any Collateral Document after delivery thereof (other than pursuant shall for any reason cease to the terms thereof) ceases to or otherwise not create a valid and perfected first priority lien on and security interest in the Collateral purported to be covered thereby having the priority contemplated by the Loan Documentsthereby; or
Appears in 1 contract
