Invalidity of Collateral Documents. 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 12 contracts
Samples: Credit Agreement (5.11 Abr Corp.), Second Lien Credit Agreement (Performance Health Holdings Corp.), Credit Agreement (Performance Health Holdings Corp.)
Invalidity of Collateral Documents. Any Collateral Document shall cease to be in full force and effect; or any Loan Party or other grantor or pledgor (or any Person by, through or on behalf of any Loan Party, grantor or pledgor) shall contest in any manner the validity, binding nature or enforceability of any Collateral Document.
Appears in 8 contracts
Samples: Credit Agreement (Durata Therapeutics, Inc.), Credit Agreement (PNG Ventures Inc), Control Agreement (Earth Biofuels Inc)
Invalidity of Collateral Documents. Any Collateral Document shall cease to be in full force and effecteffect (other than in accordance with its terms); 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 5 contracts
Samples: Credit Agreement (ReShape Lifesciences Inc.), Credit Agreement (ReShape Lifesciences Inc.), Credit Agreement (Obalon Therapeutics Inc)
Invalidity of Collateral Documents. Any Collateral Document shall cease to be in full force and effect; or any Loan Party Group Member or other grantor or pledgor (or any Person by, through or on behalf of any Loan PartyGroup Member, grantor or pledgor) shall contest in any manner the validity, binding nature or enforceability of any Collateral Document.
Appears in 5 contracts
Samples: Credit Agreement (Merus Labs International Inc.), Credit Agreement (PDL Biopharma, Inc.), Credit Agreement (Merus Labs International Inc.)
Invalidity of Collateral Documents. 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 5 contracts
Samples: Credit Agreement (Baudax Bio, Inc.), Credit Agreement (CareView Communications Inc), Credit Agreement (Workhorse Group Inc.)
Invalidity of Collateral Documents. Any Collateral Document shall cease to be in full force and effect, except as provided for under the release provisions of the Security Agreement; or any Loan Party or other grantor or pledgor (or any Person by, through or on behalf of any Loan Party, grantor or pledgor) shall contest in any manner the validity, binding nature or enforceability of any Collateral Document.
Appears in 3 contracts
Samples: Credit Agreement (Avinger Inc), Credit Agreement (Avinger Inc), Credit Agreement (PDL Biopharma, Inc.)
Invalidity of Collateral Documents. Any Collateral Document shall cease to be in full force and effect; or any Loan Note Party (or any Person by, through or on behalf of any Loan Note Party) shall contest in any manner the validity, binding nature or enforceability of any Collateral Document.
Appears in 2 contracts
Samples: Note Purchase Agreement (CNL Strategic Capital, LLC), Note Purchase Agreement (CNL Strategic Capital, LLC)
Invalidity of Collateral Documents. Any Collateral Document shall cease to be in full force and effecteffect (other than in accordance with its terms); or, except as permitted under any Collateral Document, any Lien securing any Obligation shall cease to be a perfected Lien; 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: Credit Agreement (AmWINS GROUP INC), Second Lien Credit Agreement (AmWINS GROUP INC)
Invalidity of Collateral Documents. Any Collateral Document shall cease to be in full force and effect; or any Loan Party Borrower (or any Person by, through or on behalf of any Loan PartyBorrower) shall contest in any manner the validity, binding nature or enforceability of any Collateral Document.
Appears in 2 contracts
Samples: Assignment Agreement (Compass Group Diversified Holdings LLC), Credit Agreement (Compass Diversified Holdings)
Invalidity of Collateral Documents. Any Collateral Document shall cease to be in full force and effecteffect except in accordance with the terms thereof; or any Loan Credit Party (or any Person by, through or on behalf of any Loan Credit Party) shall contest in any manner the validity, binding nature or enforceability of any Collateral Document.;
Appears in 2 contracts
Samples: Guaranty Agreement (Drilling Tools International Corp), Guaranty Agreement (ROC Energy Acquisition Corp.)
Invalidity of Collateral Documents. Any Collateral Document shall cease to be in full force and effecteffect with respect to the Credit Parties; or any Loan Party the Credit Parties (or any Person by, through or on behalf of any Loan Partythe Credit Parties) shall contest in any manner the validity, binding nature or enforceability of any Collateral DocumentDocument (it being understood that Collateral Access Agreements are not Collateral Documents for purposes of this provision).
Appears in 2 contracts
Samples: Credit Agreement (Rohn Industries Inc), Credit Agreement (Rohn Industries Inc)
Invalidity of Collateral Documents. Any Collateral Document shall cease to be in full force and effect; or any Loan Party (or any Person by, through by 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: Assignment Agreement (American Coin Merchandising Inc), Credit Agreement (American Coin Merchandising Inc)
Invalidity of Collateral Documents. 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 any Loan Party) shall contest in any manner the validity, binding nature or enforceability of any Collateral Document.
Appears in 1 contract
Samples: Credit Agreement (Dwyer Group Inc)
Invalidity of Collateral Documents. Any Collateral Document shall cease to be in full force and effect; or any Holder or any Loan Party or other grantor or pledgor (or any Person by, through or on behalf of any Loan Party, grantor or pledgor) shall contest in any manner the validity, binding nature or enforceability of any Collateral Document.
Appears in 1 contract
Invalidity of Collateral Documents. Any Collateral Document shall cease to be in full force and effect, or shall, for any reason, fail or cease to create a valid and perfected first priority Lien on or security interest in the Collateral covered thereby, except as a result of a disposition of the applicable Collateral in a transaction permitted under this Agreement; 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 1 contract
Invalidity of Collateral Documents. Any Collateral Document shall cease to be in full force and effecteffect in any material respect (other than as a result of any action or inaction on the part of the Agent or the Lenders or as a result of a release of Collateral or any Loan Party in accordance with the terms of the Loan Documents); 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 1 contract
Samples: Credit Agreement (Rosetta Stone Inc)
