Common use of Impairment of Installment Note Clause in Contracts

Impairment of Installment Note. This Installment Note shall terminate, cease to be in full force and effect, or cease in whole or in part to be the legally valid, binding, and enforceable obligation of the Borrower, or any Person acting for or on behalf of the Borrower contests in any manner the validity, binding effect or enforceability of the Installment Note, or the Borrower denies that it has any or further liability or obligation under the Installment Note, or the Borrower purports to revoke, terminate or rescind the Installment Note.

Appears in 6 contracts

Samples: Installment Note (Weyerhaeuser Co), Financing Agreement (Weyerhaeuser Co), Limited Liability Company Agreement (Plum Creek Timber Co Inc)

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