Effectiveness of Loan Documents. Any Loan Document shall cease to be legal, valid, binding or enforceable in accordance with the terms thereof in any material respect, or any of the Liens intended to be created by any Loan Document ceases to be or are not valid and perfected liens having the priority contemplated thereby.
Appears in 4 contracts
Samples: Convertible Loan Agreement, Convertible Loan Agreement (Roundball LLC), Convertible Loan Agreement (Hickok Inc)
Effectiveness of Loan Documents. Any Loan Document shall cease to be legal, valid, binding or enforceable in accordance with the terms thereof in any material respect, or any of the Liens intended to be created by any Loan Document ceases to be or are not valid and perfected liens having the priority contemplated thereby, which defect shall not have been cured within thirty (30) days of notice of the occurrence of such defect or lack of validity or enforceability.
Appears in 1 contract
Samples: Warrant Agreement (Qep Co Inc)
Effectiveness of Loan Documents. Any Loan Document shall cease to be legal, valid, binding or enforceable in accordance with the terms thereof in any material respect, or any of the Liens Lien intended to be created by any Loan Document ceases to be or are is not a valid and perfected liens lien having the priority contemplated thereby.
Appears in 1 contract
Samples: Subordinated Loan and Security Agreement (Riviera Tool Co)
