Common use of Invalidity of Collateral Documents, etc Clause in Contracts

Invalidity of Collateral Documents, etc. Any Collateral Document shall cease to be in full force and effect; or any Loan Party (or any Person by, through or on behalf of any Loan Party) shall contest in any manner the validity, binding nature or enforceability of any Collateral Document.

Appears in 51 contracts

Samples: Credit Agreement (Digerati Technologies, Inc.), Credit Agreement (Greenlight Capital Re, Ltd.), Credit Agreement (Primoris Services Corp)

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Invalidity of Collateral Documents, etc. Any Collateral Document shall cease to be in full force and effect; or any Loan Party or any Subsidiary of any Loan Party (or any Person by, through or on behalf of any Loan Party or any Subsidiary of any Loan Party) shall contest in any manner the validity, binding nature or enforceability of any Collateral Document.

Appears in 4 contracts

Samples: Term Loan Credit Agreement (Qumu Corp), Term Loan Credit Agreement (Qumu Corp), Term Loan Credit Agreement

Invalidity of Collateral Documents, etc. Any material Collateral Document shall cease to be in full force and effect; or any Loan Party (or any Person by, through or on behalf of any Loan Party) shall contest in any manner the validity, binding nature or enforceability of any Collateral Document.

Appears in 3 contracts

Samples: Loan and Security Agreement (Mammoth Energy Services, Inc.), Credit Agreement (Epiq Systems Inc), Term Loan Agreement (Tandem Health Care, Inc.)

Invalidity of Collateral Documents, etc. Any Through no fault of the Lender, any Collateral Document shall cease to be in full force and effect; or any Loan Party (or any Person by, through or on behalf of any Loan Party) shall contest in any manner the validity, binding nature or enforceability of any Collateral Document.

Appears in 2 contracts

Samples: Revolving Note and Credit Agreement Modification Agreement (International Baler Corp), Credit Agreement (Janel Corp)

Invalidity of Collateral Documents, etc. Any Collateral Document shall cease to be in full force and effect; or any Loan Party (or any Person by, through or on behalf of any Loan Party) shall contest in any manner the validity, binding nature or enforceability of any Collateral Document; or any Collateral Document shall for any reason fail to create or maintain a valid or perfected Lien in favor of the Agent in any Collateral.

Appears in 2 contracts

Samples: Credit Agreement (A-Mark Precious Metals, Inc.), Credit Agreement (A-Mark Precious Metals, Inc.)

Invalidity of Collateral Documents, etc. Any Collateral Document shall cease to be in full force and effect; effect (other than in accordance with its terms) or any Loan Party (or any Person by, through or on behalf of the Company or any other Loan Party) shall contest in any manner the validity, binding nature or enforceability of any Collateral DocumentDocument or the Liens purported to be granted therein or any court or any governmental authority shall issue a judgment, order, decree or ruling to the effect that any of the obligations of any party to any Collateral Document are illegal, invalid or unenforceable.

Appears in 1 contract

Samples: Credit Agreement (Russ Berrie & Co Inc)

Invalidity of Collateral Documents, etc. Any material Collateral Document shall cease to be in full force and effect; or any Loan Party (or any Person by, through or on behalf of any Loan Party) shall contest in any manner the validity, binding nature or enforceability of any material Collateral Document.

Appears in 1 contract

Samples: Credit Agreement (Roadrunner Transportation Services Holdings, Inc.)

Invalidity of Collateral Documents, etc. Any Collateral Document shall cease to be in full force and effect; or any Loan Party or LSV (or any Person by, through or on behalf of any Loan PartyParty or LSV) shall contest in any manner the validity, binding nature or enforceability of any Collateral Document.

Appears in 1 contract

Samples: Guaranty and Collateral Agreement (Sei Investments Co)

Invalidity of Collateral Documents, etc. Any Collateral Document shall cease to be in full force and effect; or any Loan Party (or any Person by, through or on behalf of any Loan Party) shall contest in any manner the validity, binding nature or enforceability of any Collateral Document.; or

Appears in 1 contract

Samples: Credit Agreement (World Fuel Services Corp)

Invalidity of Collateral Documents, etc. Any Collateral Document shall cease to be in full force and effect; or any Loan Party (or any Person by, through or on behalf of any Loan Party) shall contest in any manner the validity, binding nature or enforceability of any Collateral Document.. 14766353\V-9

Appears in 1 contract

Samples: Credit Agreement (Westell Technologies Inc)

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Invalidity of Collateral Documents, etc. Any Collateral Document shall cease to be in full force and effect; or the Parent, the Company or any other Loan Party (or any Person by, through or on behalf of the Parent, the Company or any other Loan Party) shall contest in any manner the validity, binding nature or enforceability of any Collateral Document.

Appears in 1 contract

Samples: Credit Agreement (First Reserve Inc)

Invalidity of Collateral Documents, etc. Any Collateral Document shall cease to be in full force and effect; or any Loan Related Party (or any Person by, through or on behalf of any Loan Related Party) shall contest in any manner the validity, binding nature or enforceability of any Collateral Document.

Appears in 1 contract

Samples: Credit Agreement (Ptek Holdings Inc)

Invalidity of Collateral Documents, etc. Any Collateral Document shall cease to be in full force and effecteffect in any material respect; or any Loan Party (or any Person by, through or on behalf of the Parent or any Loan Party) shall contest in any manner the validity, binding nature or enforceability of any material provision of any Collateral Document.

Appears in 1 contract

Samples: Credit Agreement (KapStone Paper & Packaging CORP)

Invalidity of Collateral Documents, etc. Any Collateral Document shall cease to be in full force and effect; or any Loan Party (or any Person by, through or on behalf of any Loan 26385498.9 62 Party) shall contest in any manner the validity, binding nature or enforceability of any Collateral Document.

Appears in 1 contract

Samples: Loan and Security Agreement (Mattersight Corp)

Invalidity of Collateral Documents, etc. Any Collateral Document shall cease to be in full force and effect; or any Loan Party (or any Person by, through or on behalf of any Loan Party) shall contest in any manner the validity, binding nature or enforceability of any Collateral Document, or any Lien of Administrative Agent with respect to any Collateral of Company or any Loan Party is not or ceases to be (other than as a result of a voluntary release by Administrative Agent) valid, perfected, and prior to all other Liens (other than relevant Liens expressly permitted hereunder).

Appears in 1 contract

Samples: Credit Agreement (Centene Corp)

Invalidity of Collateral Documents, etc. Any Collateral Document shall cease to be in full force and effect; or any Loan Party (or any Person by, through or on behalf of any Loan PartyParty or any Subsidiary) shall contest in any manner the validity, binding nature or enforceability of any Collateral Document.

Appears in 1 contract

Samples: Credit Agreement (Clarion Technologies Inc/De/)

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