Common use of DEFAULT UNDER OTHER CREDIT DOCUMENTS Clause in Contracts

DEFAULT UNDER OTHER CREDIT DOCUMENTS. There shall exist or ------------------------------------ occur any "Event of Default" as provided under the terms of any other Credit Document, or any Credit Document ceases to be in full force and effect or the validity or enforceability thereof is disaffirmed by or on behalf of Borrower or any other Credit Party, or any Credit Party seeks to cancel or terminate any Credit Documents or to limit its liability thereunder, or at any time it is or becomes unlawful for Borrower or any other Credit Party to perform or comply with its obligations under any Credit Document, or the obligations of Borrower or any other Credit Party under any Credit Document are not or cease to be legal, valid and binding on Borrower or any such Credit Party;

Appears in 2 contracts

Samples: Contribution Agreement (Rotech Medical Corp), Credit Agreement (Rotech Medical Corp)

AutoNDA by SimpleDocs

DEFAULT UNDER OTHER CREDIT DOCUMENTS. There shall exist or ------------------------------------ occur any "Event of Default" as provided under the terms of any other Credit Document, or any Credit Document ceases to be in full force and effect or the validity or enforceability thereof is disaffirmed by or on behalf of Borrower or any other Credit Party, or any Credit Party seeks to cancel or terminate any Credit Documents or to limit its liability thereunder, or at any time it is or becomes unlawful for Borrower or any other Credit Party to perform or comply with its obligations under any Credit Document, or the obligations of Borrower or any other Credit Party under any Credit Document are not or cease to be legal, valid and binding on Borrower or any such Credit Party;; or

Appears in 1 contract

Samples: Revolving Credit Agreement (Discount Auto Parts Inc)

DEFAULT UNDER OTHER CREDIT DOCUMENTS. There shall exist or ------------------------------------ occur any "Event of Default" as provided under the terms of any other Credit Document, or any Credit Document ceases to be in full force and effect or the validity or enforceability thereof is disaffirmed by or on behalf of Borrower or any other Credit Party, or any Credit Party seeks to cancel or terminate any Credit Documents or to limit its liability thereunder, or at any time it is or becomes unlawful for Borrower or any other Credit Party to perform or comply with its obligations under any Credit Document, or the obligations of Borrower or any other 84 Credit Party under any Credit Document are not or cease to be legal, valid and binding on Borrower or any such Credit Party;

Appears in 1 contract

Samples: Contribution Agreement (Planet Hollywood International Inc)

DEFAULT UNDER OTHER CREDIT DOCUMENTS. There shall exist or ------------------------------------ occur any "Event of DefaultEVENT OF DEFAULT" as provided under the terms of any other Credit DocumentDocument (after giving effect to any applicable grace period), or any Credit Document ceases to be in full force and effect or the validity or enforceability thereof is disaffirmed by or on behalf of Borrower or any other Credit Party, or any Credit Party seeks to cancel or terminate any Credit Documents or to limit its liability thereunder, or at any time it is or becomes unlawful for Borrower or any other Credit Party to perform or comply with its obligations under any Credit Document, or the obligations of Borrower or any other Credit Party under any Credit Document are not or cease to be legal, valid and binding on Borrower or any such Credit Party;

Appears in 1 contract

Samples: Term Loan Agreement (Serengeti Eyewear Inc)

AutoNDA by SimpleDocs

DEFAULT UNDER OTHER CREDIT DOCUMENTS. There shall exist or ------------------------------------ occur any "Event of Default" as provided under the terms of any other Credit Document, or any Credit Document ceases to t6 be in full force and effect or the validity or enforceability thereof is disaffirmed by or on behalf of Borrower or any other Credit Party, or any Credit Party seeks to cancel or terminate any Credit Documents or to limit its liability thereunder, or at any time it is or becomes unlawful for Borrower or any other Credit Party to perform or comply with its obligations under any Credit Document, or the obligations of Borrower or any other Credit Party under any Credit Document are not or cease to be legal, valid and binding on Borrower or any such Credit Party;

Appears in 1 contract

Samples: Security Agreement (Able Telcom Holding Corp)

DEFAULT UNDER OTHER CREDIT DOCUMENTS. There shall exist or ------------------------------------ occur any "Event of Default" as provided under the terms of any other Credit Document, or any Credit Document ceases to be in full force and effect or the validity or enforceability thereof is disaffirmed by or on behalf of Borrower or any other Credit Party, or any Credit Party seeks to cancel or terminate any Credit Documents or to limit its liability thereunder, or at any time it is or becomes unlawful for Borrower or any other Credit Party to perform or comply with its obligations under any Credit Document, or the obligations of Borrower or any other Credit Party under any Credit Document are not or cease to be legal, valid and binding on Borrower or any such Credit Party;

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Planet Hollywood International Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.