Common use of Enforceability; Priority Clause in Contracts

Enforceability; Priority. Any Loan Document shall for any reason without Holder's specific written consent cease to be in full force and effect, or shall be declared null and void or unenforceable in whole or in part, or the validity or enforceability thereof, in whole or in part, shall be challenged or denied by any party thereto other than Holder; or the liens, mortgages or security interests of Holder in any of the Property become unenforceable in whole or in part, or cease to be of the priority herein required, or the validity or enforceability thereof, in whole or in part, shall be challenged or denied by Grantor or any person obligated to pay any part of the Secured Indebtedness.

Appears in 4 contracts

Samples: Fund Loan Agreement, Loan Agreement, Loan Agreement

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Enforceability; Priority. Any Loan Document shall for any reason without Holder's Lender’s specific written consent cease to be in full force and effect, or shall be declared null and void or unenforceable in whole or in part, or the validity or enforceability thereof, in whole or in part, shall be challenged or denied by any party thereto other than HolderLender; or the liens, mortgages liens or security interests of Holder Lender in any of the Property Collateral become unenforceable in whole or in part, or cease to be of the priority herein required, or the validity or enforceability thereof, in whole or in part, shall be challenged or denied by Grantor Borrower or any person obligated to pay any part of the Secured Indebtedness.;

Appears in 2 contracts

Samples: Loan Agreement (Plains Capital Corp), Loan Agreement (Plains Capital Corp)

Enforceability; Priority. Any Loan Document shall for any reason without HolderXxxxxx's specific written consent cease to be in full force and effect, or shall be declared null and void or unenforceable in whole or in part, or the validity or enforceability thereof, in whole or in part, shall be challenged or denied by any party thereto other than Holder; or the liens, mortgages or security interests of Holder in any of the Property become unenforceable in whole or in part, or cease to be of the priority herein required, or the validity or enforceability thereof, in whole or in part, shall be challenged or denied by Grantor or any person obligated to pay any part of the Secured Indebtedness.

Appears in 2 contracts

Samples: After Recording, And Security Agreement

Enforceability; Priority. Any Loan Document shall for any reason without Holder's ’s specific written consent cease to be in full force and effect, or shall be declared null and void or unenforceable in whole or in part, or the validity or enforceability thereof, in whole or in part, shall be challenged or denied by any party thereto other than Holder; or the liens, mortgages or security interests of Holder in any of the Property become unenforceable in whole or in part, or cease to be of the priority herein required, or the validity or enforceability thereof, in whole or in part, shall be challenged or denied by Grantor or any person obligated to pay any part of the Secured Indebtedness.

Appears in 2 contracts

Samples: Interline Resources Corp, Interline Resources Corp

Enforceability; Priority. Any Loan Document shall for any reason without Holder's Lenders’ specific written consent cease to be in full force and effect, or shall be declared null and void or unenforceable in whole or in part, or the validity or enforceability thereof, in whole or in part, shall be challenged or denied by any party thereto other than Holderthe Lenders; or the liens, mortgages or security interests of Holder the Lenders in any of the Property Collateral become unenforceable in whole or in part, or cease to be of the priority herein required, or the validity or enforceability thereof, in whole or in part, shall be challenged or denied by Grantor Borrower or any person obligated to pay any part of the Secured Indebtedness.;

Appears in 2 contracts

Samples: Loan Agreement (Lucas Energy, Inc.), Loan Agreement (Lucas Energy, Inc.)

Enforceability; Priority. Any Loan Document shall for any reason without HolderLender's specific written consent cease to be in full force and effect, or shall be declared null and void or unenforceable in whole or in part, or the validity or enforceability thereof, in whole or in part, shall be challenged or denied by any party thereto other than HolderLender; or the liens, mortgages or security interests of Holder Lender in any of the Property become unenforceable in whole or in part, or cease to be of the priority herein required, or the validity or enforceability thereof, in whole or in part, shall be challenged or denied by Grantor Borrower or any person obligated to pay any part of the Secured Indebtedness.

Appears in 2 contracts

Samples: Term Loan Agreement (Candlewood Hotel Co Inc), Loan Agreement (Behringer Harvard Short Term Opportunity Fund I Lp)

Enforceability; Priority. Any Loan Document shall for any reason without HolderLender's specific written consent cease to be in full force and effect, or shall be declared null and void or unenforceable in whole or in part, or the validity or enforceability thereof, in whole or in part, shall be challenged or denied by any party thereto other than HolderLender; or the liens, mortgages interests, Security Instruments or security interests of Holder Lender in any of the Property become unenforceable in whole or in part, or cease to be of the priority herein required, or the validity or enforceability thereof, in whole or in part, shall be challenged or denied by Grantor Borrower or any person obligated to pay any part of the Secured Indebtednesssecured indebtedness.

Appears in 1 contract

Samples: Wells Real Estate Investment Trust Inc

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Enforceability; Priority. Any Loan Document shall for any reason without HolderLender's specific written consent cease to be in full force and effect, or shall be declared null and void or unenforceable in whole or in part, or the validity or enforceability thereof, in whole or in part, shall be challenged or denied by any party thereto other than HolderLender; or the liens, mortgages interests, Security Instruments or security interests of Holder Lender in any of the Property become unenforceable in whole or in part, or cease to be of the priority herein required, or the validity or enforceability thereof, in whole or in part, shall be XXXXX/ORANGE COUNTY ASSOCIATES DEED OF TRUST PAGE 34 challenged or denied by Grantor Borrower or any person obligated to pay any part of the Secured Indebtednesssecured indebtedness.

Appears in 1 contract

Samples: Wells Real Estate Investment Trust Inc

Enforceability; Priority. Any Loan Document shall for any reason without HolderXxxxxx's specific written consent cease to be in full force and effect, or shall be declared null and void or unenforceable in whole or in part, or the validity or enforceability thereof, in whole or in part, shall be challenged or denied by any party thereto other than Holder; or the liens, mortgages or security interests of Holder in any of the Property become unenforceable in whole or in part, or cease to be of the priority herein required, or the validity or enforceability thereof, in whole or in part, shall be challenged or denied by Grantor Mortgagor or any person obligated to pay any part of the Secured Indebtedness.

Appears in 1 contract

Samples: FelCor Lodging Trust Inc

Enforceability; Priority. Any Loan Document shall for any reason without Holder's specific written consent cease to be in full force and effect, or shall be declared null and void or unenforceable in whole or in part, or the validity or enforceability thereof, in whole or in part, shall be challenged or denied by any party thereto other than Holder; or the liens, mortgages or security interests of Holder in any of the Property (other than the LLC’s fee interest in the Land) become unenforceable in whole or in part, or cease to be of the priority herein required, or the validity or enforceability thereof, in whole or in part, shall be challenged or denied by Grantor or any person obligated to pay any part of the Secured Indebtedness.

Appears in 1 contract

Samples: Loan Agreement

Enforceability; Priority. Any Loan Credit Document shall for any reason without Holder's Beneficiary’s specific written consent cease to be in full force and effect, or shall be declared null and void or unenforceable in whole or in part, or the validity or enforceability thereof, in whole or in part, shall be challenged or denied by any party thereto other than HolderBeneficiary; or the liens, mortgages or security interests of Holder Beneficiary in any of the Mortgaged Property become unenforceable in whole or in part, or cease to be of the priority herein required, or the validity or enforceability thereof, in whole or in part, shall be challenged or denied by Grantor or any person obligated to pay any part of the Secured IndebtednessObligations.

Appears in 1 contract

Samples: Green Plains Renewable Energy, Inc.

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