Common use of Invalidity of Credit Documents; Guarantees Clause in Contracts

Invalidity of Credit Documents; Guarantees. (i) Any Credit Document, at any time after its execution and delivery and for any reason other than as expressly permitted hereunder or satisfaction in full of all the Obligations, ceases to be in full force and effect; or any Credit Party or any other Person contests in any manner the validity or enforceability of any Credit Document; or any Credit Party denies that it has any or further liability or obligation under any Credit Document, or purports to revoke, terminate or rescind any Credit Document; or (ii) except as the result of or in connection with a dissolution, merger or disposition of a Subsidiary not prohibited by Section 8.04 or Section 8.05, the Credit Document Guaranty given by any Guarantor hereunder or any provision thereof shall cease to be in full force and effect, or any Guarantor hereunder or any Person acting by or on behalf of such Guarantor shall deny or disaffirm such Guarantor’s obligations under its Credit Document Guaranty, or any Guarantor shall default in the due performance or observance of any term, covenant or agreement on its part to be performed or observed pursuant to its Credit Document Guaranty; or

Appears in 3 contracts

Samples: Credit Agreement (Wells Real Estate Investment Trust Ii Inc), Credit Agreement (Wells Real Estate Investment Trust Ii Inc), Wells Real Estate Investment Trust Ii Inc

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Invalidity of Credit Documents; Guarantees. (i) Any provision of any Credit DocumentDocument (other than a Guaranty), at any time after its execution and delivery and for any reason other than as expressly permitted hereunder or satisfaction in full thereunder or Full Payment of all the Obligations, ceases to be in full force and effect; or any Credit Party Obligor or any other Person Affiliate thereof contests in any manner the validity or enforceability of any provision of any Credit DocumentDocument (other than a Guaranty) or the perfection or priority of any Lien granted to Agent; or any Credit Party Obligor denies that it has any or further liability or obligation under any Credit DocumentDocument (other than a Guaranty), or purports to revoke, terminate or rescind any provision of any Credit DocumentDocument (other than a Guaranty), in each case, other than following Full Payment of all the Obligations; or (ii) except as the result of or in connection with a dissolution, merger or disposition of a Subsidiary not prohibited by Section 8.04 9.2.4 or Section 8.059.2.5, the Credit Document Guaranty given by any Guarantor hereunder or any provision thereof shall cease to be in full force and effect, or any Guarantor hereunder or any Person acting by or on behalf of such Guarantor shall deny or disaffirm such Guarantor’s 's obligations under its Credit Document Guaranty, or any Guarantor shall default in the due performance or observance of any term, covenant or agreement on its part to be performed or observed pursuant to its Credit Document Guaranty; or

Appears in 3 contracts

Samples: Credit Agreement (Calumet Specialty Products Partners, L.P.), Credit Agreement (Calumet Specialty Products Partners, L.P.), Credit Agreement (Calumet Specialty Products Partners, L.P.)

Invalidity of Credit Documents; Guarantees. (i) Any provision of any Credit DocumentDocument (other than a Guaranty), at any time after its execution and delivery and for any reason other than as expressly permitted hereunder or satisfaction in full thereunder or Full Payment of all the Obligations, ceases to be in full force and effect; or any Credit Party Obligor or any other Person Affiliate thereof contests in any manner the validity or enforceability of any provision of any Credit DocumentDocument (other than a Guaranty) or the perfection or priority of any Lien granted to Agent; or any Credit Party Obligor denies that it has any or further liability or obligation under any Credit DocumentDocument (other than a Guaranty), or purports to revoke, terminate or rescind any provision of any Credit DocumentDocument (other than a Guaranty), in each case, other than following Full Payment of all the Obligations; or (ii) except as the result of or in connection with a dissolution, merger or disposition of a Subsidiary not prohibited by Section 8.04 9.2.4 or Section 8.059.2.5, the Credit Document Guaranty given by any Guarantor hereunder or any provision thereof shall cease to be in full force and effect, or any Guarantor hereunder or any Person acting by or on behalf of such Guarantor shall deny or disaffirm such Guarantor’s obligations under its Credit Document Guaranty, or any Guarantor shall default in the due performance or observance of any term, covenant or agreement on its part to be performed or observed pursuant to its Credit Document Guaranty; or

Appears in 2 contracts

Samples: Credit Agreement (Calumet Specialty Products Partners, L.P.), Credit Agreement (Calumet Specialty Products Partners, L.P.)

Invalidity of Credit Documents; Guarantees. (i) Any Credit Document, at any time after its execution and delivery and for any reason other than as expressly permitted hereunder or satisfaction in full of all the Obligations, ceases to be in full force and effect; or any Credit Party or any other Person contests in any manner the validity or enforceability of any Credit Document; or any Credit Party denies that it has any or further liability or obligation under any Credit Document, or purports to revoke, terminate or rescind any Credit Document; or (ii) except as the result of or in connection with a dissolution, merger or disposition of a Subsidiary not prohibited by Section 8.04 or Section 8.05, the Credit Document Guaranty given by any Guarantor hereunder or any provision thereof shall cease to be in full force and effect, or any Guarantor hereunder or any Person acting by or on behalf of such Guarantor shall deny or disaffirm such Guarantor’s obligations under its Credit Document Guaranty, or any Guarantor shall default in the due performance or observance of any term, covenant or agreement on its part to be performed or observed pursuant to its Credit Document Guaranty; or

Appears in 1 contract

Samples: Credit Agreement (Wells Real Estate Investment Trust Inc)

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Invalidity of Credit Documents; Guarantees. (i) Any provision of any Credit DocumentDocument (other than a Guaranty), at any time after its execution and delivery and for any reason other than as expressly permitted hereunder or satisfaction in full thereunder or Full Payment of all the Obligations, ceases to be in full force and effect; or any Credit Party Obligor or any other Person Affiliate thereof contests in any manner the validity or enforceability of any provision of any Credit DocumentDocument (other than a Guaranty) or the perfection or priority of any Lien granted to Agent; or any Credit Party Obligor denies that it has any or further liability or obligation under any Credit DocumentDocument (other than a Guaranty), or purports to revoke, terminate or rescind any provision of any Credit DocumentDocument (other than a Guaranty), in each case, other than following Full Payment of all the Obligations; or (ii) except as the result of or in connection with a dissolution, merger or disposition of a Subsidiary not prohibited by Section 8.04 10.2.4 or Section 8.0510.2.5, the Credit Document Guaranty given by any Guarantor hereunder or any provision thereof shall cease to be in full force and effect, or any Guarantor hereunder or any Person acting by or on behalf of such Guarantor shall deny or disaffirm such Guarantor’s obligations under its Credit Document Guaranty, or any Guarantor shall default in the due performance or observance of any term, covenant or agreement on its part to be performed or observed pursuant to its Credit Document Guaranty; or

Appears in 1 contract

Samples: Credit Agreement (Calumet Specialty Products Partners, L.P.)

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