Common use of Effectiveness of Finance Documents Clause in Contracts

Effectiveness of Finance Documents. (a) It is or becomes unlawful for any Obligor or any Security Provider to perform any of its obligations under the Finance Documents. (b) Any Finance Document is not effective in accordance with its terms or is alleged by an Obligor or a Security Provider to be ineffective in accordance with its terms for any reason. (c) A Security Document does not create a Security Interest it purports to create. (d) An Obligor or a Security Provider repudiates a Finance Document or evidences an intention to repudiate a Finance Document.

Effectiveness of Finance Documents. (a) It is or becomes unlawful for any an Obligor or any Security Provider a Subordinated Creditor to perform any of its obligations under the Finance DocumentsDocuments in any material respect. (b) Any Finance Document is not effective in accordance with its terms in any material respect or is alleged by an Obligor or a Security Provider Subordinated Creditor to be ineffective in accordance with its terms for any reason. (c) A Security Document does not create a Security Interest it purports to create. (d) An Obligor or a Security Provider Subordinated Creditor repudiates a Finance Document or evidences an intention to repudiate a Finance Document.

Effectiveness of Finance Documents. (a) It is or becomes unlawful for any Obligor or any Security Provider to perform any of its obligations under the Finance Documents. (b) Any Finance Document is not effective in accordance with its terms or is alleged by an Obligor or a Security Provider to be ineffective in accordance with its terms for any reason. (c) A Security Document does not create a Security Interest it purports to create. (d) An Obligor or a Security Provider repudiates a Finance Document or evidences an intention to repudiate a Finance Document.

Effectiveness of Finance Documents. (a) It is or becomes unlawful for any Obligor or any Security Provider to perform any of its obligations under the Finance Documents. (b) Any Finance Document is not effective in accordance with its terms or is alleged by an Obligor or a Security Provider to be ineffective in accordance with its terms for any reason. (c) A Security Document does not create a Security Interest it purports to create. (d) An Obligor or a Security Provider repudiates a Finance Document or evidences an intention to repudiate a Finance Document. (d) Any Security Interest is not, or ceases to be, a valid and enforceable perfected first-priority security interest in favor of the Agent in the collateral intended to be covered.

Effectiveness of Finance Documents. (a) 23.11.1 It is or becomes unlawful for any Obligor or any Security Provider to perform any of its obligations under the Finance Documents. (b) 23.11.2 Any Finance Document is not effective in accordance with its terms or is alleged by an Obligor or a Security Provider to be ineffective in accordance with its terms for any reason. (c) A Security Document does not create a Security Interest it purports to create. (d) 23.11.3 An Obligor or a Security Provider repudiates a Finance Document or evidences an intention to repudiate a Finance Document.

Effectiveness of Finance Documents. (a) It is or becomes unlawful for any Obligor or any Security Provider to perform any of its obligations under the Finance Documents. (bi) Any Finance Document is not effective in accordance with its terms or is alleged by an Obligor or a Security Provider to be ineffective in accordance with its terms for any reason. (cii) A Security Document (if any) does not create a Security Interest it purports to create. (d) An Obligor or a Security Provider repudiates a Finance Document or evidences an intention to repudiate a Finance Document.