Common use of Invalidity and Unlawfulness Clause in Contracts

Invalidity and Unlawfulness. (a) Any provision of any Finance Document is or becomes invalid or unenforceable (subject, in each case, to the reservations) for any reason or shall be repudiated or the validity or enforceability of any provision of any Finance Document shall at any time be contested by any party thereto (other than a Finance Party) in circumstances or to an extent which the Majority Lenders reasonably consider to be materially prejudicial to the interests of any Finance Party under the Finance Documents.

Appears in 4 contracts

Samples: Propco Facility Agreement (Toys R Us Inc), Propco Facility Agreement (Toys R Us Inc), Uk Propco Facility Agreement (Toys R Us Inc)

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Invalidity and Unlawfulness. (ai) Any provision of any Finance Document is or becomes invalid or unenforceable (subject, in each case, to the reservations) for any reason or shall be is repudiated or the validity or enforceability of any provision of any Finance Document shall at any time be is contested by any party thereto person (other than a the Lender) or any party to any Finance Party) in circumstances or to an extent which Document denies the Majority Lenders reasonably consider to be materially prejudicial to the interests existence of any liability or obligation on its part under any Finance Party under the Finance DocumentsDocument.

Appears in 1 contract

Samples: Loan Agreement (KNOT Offshore Partners LP)

Invalidity and Unlawfulness. (a) Any provision of any Finance Document is or becomes invalid or (subject to Legal Reservations) unenforceable (subject, in each case, to the reservations) for any reason or shall be repudiated or the validity or enforceability of any provision of any Finance Document shall at any time be contested by any party thereto (other than a Finance Party) in circumstances or to an extent which the Majority Lenders reasonably consider to be materially prejudicial to the interests of any Finance Party under the Finance Documents).

Appears in 1 contract

Samples: Senior Facilities Agreement (Yell Finance Bv)

Invalidity and Unlawfulness. (a) Any provision of any Finance Document (other than a provision of a minor technical or administrative nature) is or becomes invalid or unenforceable (subject, in each case, to the reservations) for any reason or shall be is repudiated or the validity or enforceability of any provision of any Finance Document shall at any time be is contested by any party thereto (other than a the Lender) or any party to any Finance PartyDocument (other than the Lender) in circumstances or to an extent which denies the Majority Lenders reasonably consider to be materially prejudicial to the interests existence of any liability or obligation on its part under any Finance Party under the Finance DocumentsDocument.

Appears in 1 contract

Samples: Facility Agreement (Advance Nanotech, Inc.)

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Invalidity and Unlawfulness. (a) Any provision of any Finance Document is or becomes invalid or unenforceable (subject, in each case, to other than by reason of the reservations) unenforceable for any reason or shall be repudiated or the validity or enforceability of any provision of any Finance Document shall at any time be contested by any party thereto (other than a Finance Party) thereto, in circumstances or each case to an extent or in a manner which the Majority Lenders could reasonably consider be expected to be materially prejudicial adverse to the interests of any the Finance Party Parties under the Finance Documents.

Appears in 1 contract

Samples: Loan Agreement (Octel Corp)

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