Failure of Loan Documents. (i) Any covenant, agreement or obligation of a Loan Party contained in or evidenced by any of the Loan Documents shall cease to be enforceable, or shall be determined to be unenforceable, in accordance with its terms; (ii) any Loan Party shall deny or disaffirm its obligations under any of the Loan Documents or any Liens granted in connection therewith or shall otherwise challenge any of its obligations under any of the Loan Documents; or (iii) any Liens granted on any of the Collateral in favor of the Agent shall be determined to be void, voidable or invalid, are subordinated or are not given the priority contemplated by this Agreement or any other Loan Document; or
Failure of Loan Documents. This Loan Agreement or any other Loan Document or any provision hereof or thereof shall cease to be in full force and effect or to give the Administrative Agent and/or the Lenders the security interests, liens, rights, powers and privileges purported to be created thereby, or the Borrowers or any Person acting by or on behalf of the Borrowers shall deny or disaffirm such Person's obligations under this Loan Agreement or any other Loan Document.
Failure of Loan Documents. If any material provision of the Loan Documents for any reason ceases to be valid and binding on Borrower, or Borrower shall so state in writing.
