Invalidity of Documents. A court of competent jurisdiction shall declare that any material provision of any Loan Document shall at any time for any reason (other than pursuant to the express terms thereof) cease to be valid and binding on or enforceable against a Credit Party intended to be a party thereto; or the validity or enforceability thereof shall be contested by any Credit Party that is a party thereto; or a proceeding shall be commenced by a Credit Party or any Governmental Authority having jurisdiction over any of them, seeking to establish the invalidity or unenforceability thereof; or a Credit Party shall deny in writing that it has any liability or obligation purported to be created under any Loan Document.
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Samples: Superpriority Debtor in Possession Credit Agreement (James River Coal CO), Revolving Credit Agreement (James River Coal CO), Revolving Credit Agreement (James River Coal CO)
Invalidity of Documents. A court of competent jurisdiction shall declare that any material provision of any Loan Document shall at any time for any reason (other than pursuant to the express terms thereof) cease to be valid and binding on or enforceable against a Credit Party intended to be a party thereto; or the validity or enforceability thereof shall be contested by any Credit Party that is a party thereto; or a proceeding shall be commenced by a Credit Party or any Governmental Authority having jurisdiction over any of themCredit Party, seeking to establish the invalidity or unenforceability thereof; or a Credit Party shall deny in writing that it has any liability or obligation purported to be created under any Loan Document.
Appears in 2 contracts
Samples: Credit Agreement (Global Power Equipment Group Inc/), Credit Agreement (Global Power Equipment Group Inc/)
Invalidity of Documents. A court of competent jurisdiction shall declare that any material Any provision of any Loan Document shall at any time for any reason (other than pursuant to the express terms thereof) cease to be valid and binding on or enforceable against a any Credit Party intended to be and a party theretobinding replacement for such Loan Document has not been provided by such Credit Party; or the validity or enforceability thereof shall be contested by any Credit Party that is a party theretoParty; or a proceeding shall be commenced by a any Credit Party or any Governmental Authority having jurisdiction over any of themit, seeking to establish the invalidity or unenforceability thereof; or a any Credit Party shall deny in writing that it has any liability or obligation purported to be created under any Loan Document.
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Samples: Senior Secured Credit Agreement (Primus Telecommunications Group Inc)
Invalidity of Documents. A court of competent jurisdiction shall declare that any material Any provision of any Loan Subordinated Debt Document shall at any time for any reason (other than pursuant to the express terms thereof) cease to be valid and binding on or enforceable against a Credit Note Party intended to be a party thereto; or the validity or enforceability thereof shall be contested by any Credit Party that is a party thereto; or a proceeding shall be commenced by a Credit Note Party or any Governmental Authority having jurisdiction over any of them, seeking to establish the invalidity or unenforceability thereof; or a Credit Note Party shall deny in writing that it has any liability or obligation purported to be created under any Loan Subordinated Debt Document.
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