Common use of Impairment of Loan Documents Clause in Contracts

Impairment of Loan Documents. This Agreement or any of the other Loan Documents shall terminate or cease in whole or in part to be the valid, binding and enforceable 17 obligation of Borrower or any Person acting for or on behalf of Borrower contests such validity, binding effect or enforceability, or purports to revoke any such document;

Appears in 1 contract

Samples: Loan Agreement (Crimson Wine Group, LTD)

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Impairment of Loan Documents. This Agreement or any of the other Loan Documents Document shall terminate or cease in whole or in part to be the legal, valid, binding and enforceable 17 obligation of Borrower the relevant Obligor party thereto, or either Obligor shall, directly or indirectly, contest in any Person acting for or on behalf of Borrower contests manner such effectiveness, validity, binding effect nature or enforceability, or purports to revoke any such document;.

Appears in 1 contract

Samples: Subordinated Loan Agreement (Hecla Mining Co/De/)

Impairment of Loan Documents. This Agreement or any of the other Loan Documents shall terminate or cease in whole or in part to be the valid, binding and enforceable 17 obligation of Borrower or any Person acting for or on behalf of Borrower contests such validity, binding effect or enforceability, or purports to revoke any such document;

Appears in 1 contract

Samples: Loan Agreement (Crimson Wine Group, LTD)

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Impairment of Loan Documents. This Agreement or any of the other Loan Documents Document shall terminate or cease in whole or in part to be the legal, valid, binding and enforceable 17 obligation of the Borrower; the Borrower shall, directly or indirectly, contest in any Person acting for or on behalf of Borrower contests manner such effectiveness, validity, binding effect nature or enforceability; or any Lien securing any Obligation shall, in whole or purports in part, cease to revoke be a perfected Lien which, except as permitted by Section 7.3.3, ranks first in priority (other than as a result of any such document;action or omission by the Collateral Agent).

Appears in 1 contract

Samples: Facility Agreement (Hecla Mining Co/De/)

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