Common use of Continuing Nature of this Agreement; Severability Clause in Contracts

Continuing Nature of this Agreement; Severability. This is a continuing agreement of the matters addressed herein, and the Secured Parties may continue, at any time and without notice to the Secured Creditor Representatives or any Secured Party, to extend credit and other financial accommodations and lend monies to or for the benefit of the Parent or any of its Subsidiaries constituting Secured Debt Obligations in reliance hereon. Any provision of this Agreement that is held to be illegal, invalid or unenforceable in any jurisdiction shall not invalidate, affect or impair the remaining provisions hereof, and any such illegality, invalidity or unenforceability in any particular jurisdiction shall not invalidate, impair or render unenforceable such provision in any other jurisdiction. The parties hereto shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. Subject to the obligations and undertakings under Section 3.02 (which shall survive the termination of this Agreement, to the extent such obligations or undertakings remain unsatisfied) this Agreement shall terminate and be of no further force and effect:

Continuing Nature of this Agreement; Severability. Subject to Section 5.07 and Section 6.04, this Agreement shall continue to be effective until the Discharge of Senior Obligations shall have occurred. This is a continuing agreement of the matters addressed hereinLien subordination, and the Senior Secured Parties may continue, at any time and without notice to the Secured Creditor Junior Representatives or any Secured Junior Priority Debt Party, to extend credit and other financial accommodations and lend monies to or for the benefit of Holdings, the Parent Borrowers or any of its Subsidiaries Subsidiary constituting Secured Debt Senior Obligations in reliance hereon. The terms of this Agreement shall survive and continue in full force and effect in any Insolvency or Liquidation Proceeding. Any provision of this Agreement that is held to be illegalinvalid, invalid illegal or unenforceable in any jurisdiction shall not invalidateshall, affect as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or impair unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof, ; and any such illegality, the invalidity or unenforceability of a particular provision in any a particular jurisdiction shall not invalidate, impair or render unenforceable invalidate such provision in any other jurisdiction. The parties hereto shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. Subject to the obligations and undertakings under Section 3.02 (which shall survive the termination of this Agreement, to the extent such obligations or undertakings remain unsatisfied) this Agreement shall terminate and be of no further force and effect:.

Continuing Nature of this Agreement; Severability. Subject to Section 6.04, this Agreement shall continue to be effective until the Discharge of Senior Obligations shall have occurred. This is a continuing agreement of the matters addressed hereinLien subordination, and the Senior Secured Parties may continue, at any time and without notice to the Secured Creditor Junior Representatives or any Secured Junior Priority Debt Party, to extend credit and other financial accommodations and lend monies to or for the benefit of MVWC, the Parent Company or any of its Subsidiaries Subsidiary constituting Secured Debt Senior Obligations in reliance hereon. The terms of this Agreement shall survive and continue in full force and effect in any Insolvency or Liquidation Proceeding. Any provision of this Agreement that is held to be illegalinvalid, invalid illegal or unenforceable in any jurisdiction shall not invalidateshall, affect as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or impair unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof, ; and any such illegality, the invalidity or unenforceability of a particular provision in any a particular jurisdiction shall not invalidate, impair or render unenforceable invalidate such provision in any other jurisdiction. The parties hereto shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. Subject to the obligations and undertakings under Section 3.02 (which shall survive the termination of this Agreement, to the extent such obligations or undertakings remain unsatisfied) this Agreement shall terminate and be of no further force and effect:.

Continuing Nature of this Agreement; Severability. This Agreement shall become effective when executed and delivered by the parties hereto. This is a continuing agreement of the matters addressed herein, and the Secured Parties Senior Claimholders of any Series may continue, at any time and without notice to the Secured Creditor Representatives or any Secured PartySenior Claimholder of any other Series, to extend credit and other financial accommodations and lend monies to or for the benefit of the Parent Borrowers or any of its Subsidiaries other Grantor constituting Secured Debt Senior Obligations in reliance hereon. The terms of this Agreement shall survive, and continue in full force and effect, in any Insolvency or Liquidation Proceeding. Any provision of this Agreement that is held to be illegal, invalid prohibited or unenforceable in any jurisdiction shall not invalidate, affect or impair invalidate the remaining provisions hereof, and any such illegality, invalidity prohibition or unenforceability in any particular jurisdiction shall not invalidate, impair invalidate or render unenforceable such provision in any other jurisdiction. The parties hereto shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. Subject to the obligations and undertakings under Section 3.02 (which shall survive the termination of this Agreement, to the extent such obligations or undertakings remain unsatisfied) this Agreement shall terminate and be of no further force and effect:.

Continuing Nature of this Agreement; Severability. Subject to Section 5.06 and Section 6.04, this Agreement shall continue to be effective until the Discharge of Senior Obligations shall have occurred. This is a continuing agreement of the matters addressed hereinLien and payment subordination, and the Senior Secured Parties may continue, at any time and without notice to the Secured Creditor Junior Priority Representatives or any Secured Junior Priority Debt Party, to extend credit and other financial accommodations and lend monies to or for the benefit of the Parent Company or any of its Subsidiaries Subsidiary constituting Secured Debt Senior Obligations in reliance hereon. The terms of this Agreement shall survive and continue in full force and effect in any Insolvency or Liquidation Proceeding. Any provision of this Agreement that is held to be illegalinvalid, invalid illegal or unenforceable in any jurisdiction shall not invalidateshall, affect as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or impair unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof, ; and any such illegality, the invalidity or unenforceability of a particular provision in any a particular jurisdiction shall not invalidate, impair or render unenforceable invalidate such provision in any other jurisdiction. The parties hereto shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. Subject to the obligations and undertakings under Section 3.02 (which shall survive the termination of this Agreement, to the extent such obligations or undertakings remain unsatisfied) this Agreement shall terminate and be of no further force and effect:.